Coinshares International Limited, a European investment company specializing in digital assets, has announced its Q1 2024 results, marking the most successful quarter in the company’s history. The company reported a 216% year-over-year (YoY) increase in revenue, gains, and other income, and an over 4x YoY increase in adjusted EBITDA. Total comprehensive income increased by over […]
FTX is poised to repay nearly all its account holders fully, according to a reorganization plan presented in court. The bankrupt cryptocurrency exchange has raised about $ 15 billion mainly by selling investments from itself and its affiliate, Alameda Research. This fund will ensure payments of 118 cents on the dollar for 98% of …
A technical analyst has highlighted that bitcoin is approaching “the point where historically the most aggressive part of the bull cycle begins,” forecasting a potential rise to $ 300,000 for the cryptocurrency. “Unrealistic or not, that gives us a $ 300,000 projection and is undeniably technical as those are the exact high-to-low measurements …
Bitwise Asset Management believes that “bitcoin is in a raging bull market” in the long term. Its chief executive anticipates the upcoming bitcoin halving to be “the most impactful we’ve seen.” The firm’s chief investment officer explained that global wealth managers allocating just 1% of their portfolios to bitcoin would mean about $ 1 …
On Wednesday, March 20, 2024, Cryptopunk #7,804 exchanged hands for a sum of 4,850 ethereum (ETH), equivalent to $ 16,382,444. This transaction marked it as the collection’s second highest-priced non-fungible token (NFT) sale. It surpassed the transaction of Cryptopunk #3,100, which was clinched 16 days earlier for 4,500 ETH or $ 16,010,724. The …