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The rise in cryptocurrency prices and non-trading revenues became key to profitability for many crypto-focused companies.

Crypto-centered public companies record profit beating Q2 estimates

Several crypto-centered public companies released quarterly earnings reports recently, revealing increased revenue and a jump in profits. Most of these crypto firms benefited from a rise in pric...

1 year ago

From September 2, Revolut will suspend its cryptocurrency services in the U.S., with complete access disabled from October 3.

Revolut to Shutter US Crypto Operations Due to 'Regulatory Environment'

Revolut, the UK-based fintech firm, has announced the suspension of its cryptocurrency services in the United States. This decision, influenced by the evolving regulatory landscape and...

1 year ago

There is a retrofitted factory building in Prague called Paralelní Polis, or “parallel world.

Inside Prague’s Institute of Crypto Anarchy — where they’re plotting to bring down the dollar

PRAGUE — In 2007, a group of Czech guerrilla artists scaled a transmitter tower belonging to the country’s national television station and hacked into a live webcam of the Krkono&sca...

1 year ago

Paul Grewal said Coinbase would seek to dismiss the Securities and Exchange Commission’s suit, arguing that the crypto exchange never sold securities as the regulator alleged.

Coinbase to file order seeking dismissal of SEC lawsuit

Coinbase plans to file an order seeking dismissal of the lawsuit by the Securities and Exchange Commission on Aug. 4, with the crypto exchange’s legal chief saying it expects to win the ca...

1 year ago

ProShares has filed for an equal-weight Bitcoin and Ether exchange-traded fund, marking the 11th Ether ETF application in less than seven days.

Ether ETF applications flood the SEC as ProShares files the 11th

The United States Securities and Exchange Commission has been recently inundated with applications for Ether futures exchange-traded funds (ETFs), with a grand total of 11 Ether-based filin...

1 year ago

Meta’s latest suite of generative AI tools allows users to input text to create musical and audio compositions, rivaling a similar tool released this year by Google.

Meta launches suite of generative AI music tools rivaling Google’s MusicLM

Meta, the parent company of Facebook and Instagram, launched a suite of generative artificial intelligence (AI) models on Aug. 2 called AudioCraft for music creation from various inputs, ac...

1 year ago

Mediation Period

Mediation Period for Bankrupt Crypto Firm Genesis Nearing End, Deal Uncertain

Mediation between bankrupt cryptocurrency lender Genesis Global Holdco and creditors is set to conclude by August 16, but a deal is yet not certain. Sp...

1 year ago

Users will be able to bridge their ETH starting Thursday, with the official launch of the main network on Aug. 9.

Coinbase Sets Public Launch of ‘Base’ Layer 2 Blockchain for Next Week

Coinbase (COIN), the biggest publicly traded U.S. crypto exchange, announced that Base, its layer-2 blockchain built with Optimism's OP Stack, will open to the public on Aug. 9. Ba...

1 year ago

XRP community upset with what Bitstamp's major announcement turned out to be

Bitstamp's Epic XRP Announcement Leaves Community Upset

In a surprising move, Bitstamp, one of the leading crypto exchanges, made a long-anticipated announcement regarding XRP. Bitstamp had been one of the first exchanges to recognize XRP, and its la...

1 year ago

A husband and wife cyber-crime team have pleaded guilty to trying to launder $4.5bn (£3.5bn) of Bitcoin that he had stolen in a hack in 2016.

Razzlekhan and husband guilty of $4.5bn Bitcoin launder

Heather Morgan and Ilya Lichtenstein were arrested last year in New York after police traced their riches back to the crypto heist. While evading police, Morgan masqueraded as a rapper...

1 year ago