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Andy Main, Bakkt’s incoming president, said the company’s strengthened balance sheet erases previous doubts about its ability to continue.

Bakkt declares $780M full-year revenue in 2023 earnings report

Crypto custody and trading company Bakkt has published its quarterly report, recording a full-year total revenue of $780.1 million for 2023. Bakkt said that in the fourth quarter of 20...

5 months ago

Bitcoin ETFs shattered records with a 14,261 bitcoin purchase on March 12, as a former Swiss Bank Director shed light on the changing Bitcoin ETF investment scene.

Ex-Swiss bank director discusses the future of Bitcoin ETFs after record-breaking trading day

On March 12, net spot Bitcoin ETF inflows surpassed $1 billion, with Blackrock’s IBIT product reaching a record $849 million inflow and exceeding 200,000 BTC in assets under...

6 months ago

HKMA Launches Second Phase of e-HKD Pilot and Invites Industry Participation

Hong Kong Gears Up for e-HKD: Phase Two Pilot Seeks CBDC Use Cases

Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), announced today the launch of the second phase of its e-HKD pilot program. They also invite industry participan...

6 months ago

Worldcoin Orb’s Privacy Scrutiny

Worldcoin Addresses Orb’s Privacy Concerns with Third-Party Audit

Worldcoin has released the results of a third-party audit conducted by Trail of Bits focused on its iris-scanning Orb technology. According to a recent report, Tools for Humanity ...

6 months ago

Core Scientific Reports $141M in Net Revenue in Q4

Core Scientific Reports $502M in 2023 Revenue, Down From $640M in 2022

Crypto mining firm Core Scientific has announced a decline in year-on-year revenues in its Q4 2023 results, accompanied by a substantial reduction in net losses. According to Cor...

6 months ago

Elixir, a decentralized network aiming to enhance liquidity on orderbook exchanges, recently finalized a Series B funding round, reaching a valuation of $800 million.

Elixir secures $8 million in Series B funding

The round, co-led by Mysten Labs and Maelstrom, raised $8 million with contributions from entities including Manifold, Arthur Hayes, Amber Group, GSR, Flowdesk, among others.

6 months ago

New York City-headquartered blockchain startup Monad Labs is seeking $200 million to build the scalable smart contract distributed ledger.

Monad Labs reportedly in talks with Paradigm to raise $200m for ‘Ethereum killer’

Monad Labs, a blockchain startup founded by former Jump Trading staff, is reportedly aiming to secure $200 million in funding and is already in talks with crypto venture firm Para...

6 months ago

Thai Regulator Gives Investment Nod as Spot Bitcoin ETFs Cleared as Securities

Thailand SEC Clears Path for Accredited Investors to Dive Into US Bitcoin ETFs

The Thailand securities regulator has greenlit asset management firms to introduce private funds tailored to invest in Spot Bitcoin ETFs. However, access to these funds will be re...

6 months ago

Bitcoin Spot ETFs See Consistent Inflows

Hong Kong Financial Institutions Eye Ethereum ETFs to Bolster Global Crypto Market Position

In the wake of the successful launch of Bitcoin spot ETFs in the United States, financial institutions in Hong Kong are gearing up to tap into the growing demand for cryptocurrency investment pr...

6 months ago

GOP Senators Oppose CBDCs

Fed Chair Jerome Powell Addresses Concerns Over CBDCs, Prioritizes Privacy

The U.S. Federal Reserve Chair Jerome Powell has made it clear to the Senate Banking Committee that the Fed has no imminent plans to launch a central bank digital currency (CBDC). Duri...

6 months ago