Galaxy Digital’s revenue soars with mining, fees at record levels
Galaxy Digital’s net income climbed 40% in the first quarter of 2024, buoyed by record-breaking revenue from mining operations and management fees.
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Report: Blockchain in Manufacturing Market Will Be Worth $500 Million by 2025
A recent report by technology research company ReportLinker shows that blockchain technology in the U.S. manufacturing sector is expected to grow significantly from 2020–2025.While preparing the report, the authors split blockchain usage by application, end use, and territory. The study then divided the blockchain in manufacturing market based on end use into energy and power,…
China’s Supreme Court adds digital currency to list of illegal fundraising methods
The new policy change aims to mitigate risks arising from digital currency fundraising and the absorption of funds from the public. 69 Total views 7 Total shares China’s hardline policy on crypto took another turn on Thursday as the Supreme Court of the country revised its judicial interpretation for illegal fundraising to include digital currency…
Here’s what happened to Arbitrum post-airdrop
The number of new wallets making initial transactions has gradually decreased post-airdrop, indicating a decline in new user adoption following the event. 247 Total views 1 Total shares On-chain analytics firm Nansen released a new report detailing what happened to the Arbitrum network after its popular airdrop event. From sustaining the surge of users and…
Bitcoin addresses in loss hit 1-month high as BTC price retests $21K
There are now more than 17.5 million Bitcoin wallets underwater with little faith in a rebound coming from analysts in the face of a surging dollar. 73 Total views 35 Total shares Bitcoin (BTC) hodlers are feeling the squeeze this week as repeated tests of lower levels spark increasing losses.Data from on-chain analytics firm Glassnode…
Report: United States-Based Crypto Exchange ErisX Is About to Launch its Trading Platform
Chicago-based cryptocurrency exchange EriX is reportedly about to launch its spot trading service, industry news outlet The Block reports on April 24.Per the report, the exchange has recently been in test mode with some financial firms that would potentially become users. One of those firms is reportedly United States retail brokerage TD Ameritrade, which announced…
DeFi may not be like the ICO boom, but is that a good thing?
Cameron Winklevoss and Tone Vays disagree on the quality of the DeFi space within the context of previous blockchain booms and busts. The crypto industry has boasted tremendous growth over the past year, largely thanks to the decentralized finance, or DeFi, boom. Some believe that the DeFi sector resembles the initial coin offering, or ICO,…
Fundstat’s Tom Lee Says Fair Value of Bitcoin to Reach $150K Per Coin
Cryptocurrency bull and co-founder of Fundstrat Global Advisors Thomas Lee said that the “fair value of Bitcoin (BTC) is significantly higher than the current price,” Bloomberg reported on Dec. 13.In a note delivered on Thursday, the veteran market analyst reportedly said that Bitcoin’s fair value is between $13,800 and $14,800, considering the number of active…
zk-STARKs vs. zk-SNARKs explained
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