The UK government announced this week that the Insolvency Service has secured a winding-up order against cryptocurrency advisory firm Amey Finance Academy Ltd at the High Court. The company, created by Desmond Amey in 2018, claimed to offer investment advice and financial education. However, complaints emerged that consumers lost money, and the Financial Conduct Authority […]
Purchases from foreign cryptocurrency exchanges, considered imports, have broken records in Brazil, putting some weight into the nation’s trade balance. During the last 12 months, cryptocurrency purchases reached $ 14.84 billion, after reaching $ 12.3 billion last year. Likewise, crypto imports reached $ 4.69 billion in Q1 2024, rising by 118% compared …
Riot Platforms Inc., an integrated bitcoin mining company, reported revenues exceeding $ 79.3 million in the first quarter of 2024. The revenue increase was slight, rising from $ 73.2 million to $ 79.3 million. Remarkably, this was achieved even as Riot Platforms experienced a 36% decrease in the number of bitcoins mined, …
Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction from $ 18 to over $ 245, recorded at 9:00 p.m. EDT on Friday evening. Since then fees have dropped and by Saturday …
Magic Eden, a Solana-based NFT marketplace, achieved its highest monthly trading volume in March, outpacing Blur with a 194.4% increase to $ 756.5 million, attributed to its Diamond reward program and support for creator royalties. This surge led Magic Eden to become the top NFT marketplace by trading volume, dethroning Blur for the first …