Amid the SEC’s allegations of Coinbase operating an illegal exchange, Cathie Wood’s managed funds have increased their stake in the company’s stock. Coinbase shares experienced a significant 21% decline on June 6 amid the SEC complaint. However, Ark Investment acquired 419,324 shares, according...
Marathon Digital Holdings, Inc., a bitcoin mining and blockchain technology company, shared updates regarding its bitcoin production and mining operations for May 2023. The firm also revealed that it mined 1,245 bitcoin (BTC) in May, a 77% increase from April and a 366%...
Ethereum (ETH) balances on crypto exchanges have plunged to a five-year low, triggering speculation on its future price action. Intriguing developments have always marked the ebb and flow of the crypto market, and this week is no exception. The show’s star is ether,...
MicroStrategy, the largest public holder of bitcoin, has joined the growing list of supporters backing proposed rule changes by the financial accounting standards board (FASB), which seeks to eliminate impairment charges for companies holding cryptocurrencies. As of March 31, MicroStrategy held approximately 140,000...
Concerns about a possible U.S. government default have prompted Circle, a prominent stablecoin producer, to adjust its treasury holdings. The business has chosen to keep a reserve portfolio heavily weighted toward short-term U.S. treasuries. The move to short-dated debt occurs as debate rages on among...
PayPal’s crypto holdings rose 56% in Q1 2023 per a recent submission to the U.S. Securities and Exchange Commission (SEC). In Q1 2023, PayPal’s cryptocurrency assets comprised $499m in bitcoin (BTC), up from $291m in December; $362m in ethereum (ETH), an increase from...
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bankrupt crypto exchange FTX has inked a purchase agreement deal with an affiliate of Miami International Holdings to sell digital currency futures and options exchange and clearinghouse LedgerX for...
Binance’s on-chain holdings have reached a staggering $64 billion, as revealed by blockchain analytics firm Nansen, showcasing the cryptocurrency exchange’s sustained dominance in the digital asset market. According to recent findings from blockchain analytics firm Nansen, the on-chain assets held by Binance have...