bitcoin
In a dramatic turn of events, Bitfarms has terminated Morphy as CEO and president of the mining firm following the filing of a lawsuit against the company. Morphy’s filed a lawsuit against Bitfarms seeking a staggering $27 million in damages, prompting Bitfarms to terminate his role despite prior announcement of plans to have him remain in the company. In the meantime, Nicolas Bonta, the co-founder and chair, has stepped in as interim president and CEO. Morphy sued Bitfarms for damagesThe legal battle commenced on May 10 when Morphy filed the lawsuit in the Superior Court of Ontario, Canada, c...
Invezz
El Salvador has made headlines once again in the cryptocurrency world with the launch of a Bitcoin treasury monitoring website. Since adopting Bitcoin (BTC) as a legal tender in 2021, El Salvador continues to pioneer initiatives aimed at embracing and leveraging the potential of digital assets for economic growth and financial inclusion. The Central American nation’s new proof-of-reserves website offers a suite of tools designed to provide real-time transparency regarding its Bitcoin holdings. With over 5,700 BTC currently in its treasury, valued at approximately $360 million, El Salvador is t...
Invezz
The Runes protocol, hailed as a groundbreaking innovation enabling the creation of fungible assets on the Bitcoin blockchain, has experienced a notable decline in activity despite its initial surge in transaction volume and fees. Recent on-chain data reveals a dwindling trend in Runes-related transactions, reflecting a waning interest in the protocol within the blockchain community. Runes Protocol activity declines after the debut surgeSince its debut on April 20, the Runes protocol garnered substantial attention, triggering a frenzy among investors and miners alike. During its initial week, R...
Invezz
In a major development in the cryptocurrency world, a crypto whale has reportedly purchased a massive 357.34 billion PEPE tokens, valued at approximately $2.9 million, from the Binance exchange. This transaction was highlighted by the major analytics account on X, @lookonchain, which noted the subsequent withdrawal of these tokens to a private wallet, signaling the birth of a new PEPE whale. PEPE sees price fluctuation amidst heavy tradingFollowing the purchase, PEPE experienced a price surge of nearly 7%, reaching $0.00000821, before undergoing a slight correction to $0.00000804, a drop of 4....
Invezz
Those who watch the Robinhood Markets Inc stock price closely might be forgiven for getting a little dizzy in past twenty-four hours – it’s certainly been a wild ride. Robinhood share prices rose 6.3% to $18.97 yesterday, over 6%, during extended US trading hours, to close at $17.99 on Wednesday. They then dipped all the way down to $17.60, Robinhood’s opening price today, before rallying slightly to $17.85. And this is after Tuesday’s similar stock price gymnastics, when share prices rose from a $17.75 opening all the way up to $18.26, only to close lower again at $17.99. What has caused all ...
Invezz
Once one of the largest cryptocurrency exchanges in the world before its monumental collapse two years ago, FTX said this week that nearly all of its customers will receive the money back that they are owed. FTX said in a court filing in the United States late on Tuesday that it owes about $11.2 billion (€10.4 billion) to its creditors. The exchange estimates that it has between $14.5 billion (€13.5 billion) and $16.3 billion (€15.1 billion) to distribute to them. How did we get to this point? Here is a timeline of what led up to this week's announcement after an implosion at FTX kicked off wh...
Euronews (English)
Meme coins are typically considered more speculative than other altcoins. In the ongoing cycle, meme coins on the Solana and Base chain, top assets by market capitalization like Dogecoin (DOGE), Shiba Inu (SHIB) have yielded massive gains for holders. Colin Wu, Chinese journalist recently reported that 138 meme coins were registered on Coinmarketcap in April 2024, against 18 in April 2023. The meme coin narrative is 4.6 times more profitable than the next best performing crypto narrative Q1 of 2024, supporting the thesis that meme coins are the secret sauce of traders in the ongoing cycle. Why...
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GoMining, an infrastructure company that facilitates access to Bitcoin mining, has successfully raised $3 million in a funding round led by the international venture capital fund, Bitscale Capital. Investment to bolster global mining operationsBitscale Capital’s investment entails acquiring $3 million worth of equity in the form of GOMINING tokens, the native cryptocurrency of the GoMining ecosystem, and a collection of NFTs. These NFTs represent shares of GoMining’s extensive digital Bitcoin mining infrastructure across nine global data centers. This funding is aimed at enhancing GoMining’s m...
Invezz
During the latest G20 summit, India played a major role in pushing for global rules governing organisations over crypto assets. It noted that virtual currencies were transnational and therefore needed international cooperation to be well regulated and their wider macro-financial effects managed. Global efforts in crypto regulationMiCA regulation, set to be enforced in the European Union next year, may transform the crypto-asset landscape entirely. The Dubai International Financial Centre (DIFC), one of the leading financial hubs in the MEASA region, has introduced Digital Assets Law – the worl...
Invezz
Coinbase Global Inc (NASDAQ: COIN) has done exceptionally well over the past three months but it may be as far as its shares go at least in the near term. Ryan Lee shares his view on BitcoinThe crypto stock has outperformed this year partially on the back of a sharp rally in Bitcoin. But there’s reason to believe that the world’s largest cryptocurrency by market cap will pullback in May, says Ryan Lee – the chief analyst at Bitget. From the perspective of Fed Net Liquidity, market liquidity is significantly tightening, which may lead to average performance for BTC in May. Options market, he ad...
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