Bitcoin strength wanes as crypto market stuck in 5 month ‘structurally ordered downtrend’

In total, Block generated $4.42 billion worth of gross profit in 2021 marking a total YoY growth of 62%, however, net profit totaled just $77 million. 98 Total views 14 Total shares Crypto-friendly digital payments tech firm Block, Inc. (formerly known as Square) posted $1.18 billion worth of gross profit in Q4, representing a growth…

The Massachusetts-based crypto market research firm Coin Metrics says that 318 addresses hold at least $1 million worth of Tether (USDT), comprising 80% of the global Tether supply.Bloomberg reported the company’s finding in a report on Aug. 7. Coin Metrics co-founder Nic Carter additionally mentioned that some of the USDT whales include major crypto exchanges,…

At the start of this week, Bitcoin’s (BTC) volatility, or the average daily oscillation, dropped to its lowest level since November 2018 (when the infamous $6,000 support finally broke).Prior to today’s mild breakout to $9,437, the last significant move above 1% was on July 9 when the price dropped 2.1%. Generally, Bitcoin price has been…

With each new Bitcoin purchase, the country’s financial future becomes increasingly tied to the fortunes of an unpredictable crypto market.

The U.S. state of Ohio has made a bid to position itself at the fore of blockchain innovation, according to remarks made at a recent press conference at the Ohio Statehouse August 23. A group comprising lawmakers, academics and figures from the business world were convened by Ohio House of Representatives Speaker Ryan Smith to…

Decentralized finance is all about cutting out traditional financial intermediaries such as banks. Through the use of blockchain technology, DeFi platforms allow individuals to generate money against their own assets, becoming their own bank, as it were.As an exciting new business paradigm, the DeFi sector has been warming up for some time. But during this…

The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency. 697 Total views 5 Total shares The United States Securities and Exchange Commission (SEC) has sued Kraken alleging it commingled customer funds and failed to register as a securities exchange, broker, dealer, and clearing agency with the regulator.In a Nov. 20 complaint