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Coinbase Rides Bitcoin ETF Wave as Profits Soar past $1B in Q1

Coinbase has released its first quarter report for 2024, showcasing a substantial 72% quarter-on-quarter increase in total revenue to $1.6 billion. This surge was accompanied by a notable net income of $1,176 billion, representing an increase of 1,588% YoY. This figure represents a turnaround from a net loss of $79 million in the same period last...

Fri May 3, 2024 02:55
PayPal Partners with MoonPay to Expand Crypto Adoption in the US

MoonPay has partnered with PayPal to introduce a crypto purchasing option for cryptocurrency app users in the US. This service enables users to use PayPal for transactions via wallet transfers, bank transfers, and debit cards. The integration promises to enhance the accessibility and convenience of buying and trading cryptocurrencies by bridging...

Thu May 2, 2024 20:58
Binance Trial on Ice in Nigerian Court as Lawyers Demand Missing Documents

In a legal saga that has captured international attention, a Nigerian court has adjourned the money laundering trial against cryptocurrency exchange Binance and two of its executives until May 17. The decision came after a lawyer representing the exchange informed the court that he had not been served with the essential documents necessary to prepare...

Thu May 2, 2024 19:58
Bitget's Bitcoin Reserve Ratio Soars Over 300% Following Halving

Bitget has released its latest Proof of Reserves (PoR) report for April 2024, highlighting a Bitcoin reserve ratio of more than 335%. The cryptocurrency exchange also indicated significant growth in USDT and ETH user assets since January 2024. The latest report arrived more than a week after the Bitcoin halving event.Exceeding $2.7B in ReservesBitget's...

Thu May 2, 2024 17:00
‘Bitcoin Jesus’ Arrested in Spain for Evading $48 Million in US Taxes

Roger Ver, an early investor in Bitcoin and now an advocate of Bitcoin Cash, was arrested last weekend in Spain on US-brought criminal charges of mail fraud, tax evasion, and filing false tax returns. The authorities in the United States will now seek his extradition.According to an announcement by the Justice Department yesterday (Monday), Ver evaded...

Wed May 1, 2024 09:21
Revolut's Former Exec Launches $6.5M Crypto Exchange

The former Head of Crypto Operations at Revolut, Ruslan Fakhrutdinov, has launched a cryptocurrency exchange with an investment of $6.5 million. Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber Fund are some of the investors in the new exchange dubbed X10.Self-Custody and On-Chain SettlementAccording to the press release, executives...

Wed May 1, 2024 00:27

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