“There are so many customers beating a path to our door that we have to have all hands on deck just to keep everything running,” Coinbase CEO Brian Armstrong explained on earnings call. Cryptocurrency exchange Coinbase has disclosed its first net loss as a public company of $430 million in Q1, but CEO Brian Armstrong…
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Whilst the purchase won’t cast a shadow on the billions worth of Bitcoin owned by other firms, the company said it could have made $1.2 million if it sold its holdings at the end of the first quarter. Townsquare Media, a New York based digital marketing and radio station company is the latest business to…
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The supply chain tracking project has a comfortable cushion in its Foundation treasury, but expenditures were very low through the first quarter of 2022. The VeChain Foundation has released its financial report for Q1 2022 showing that the project amassed an impressive $1.2 billion war chest but only spent about $4.1 million in the quarter.…
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Work is about to become harder for Bitcoin (BTC) miners, as mining difficulty is set for another all-time high (ATH) in a matter of hours, which will be the second one in a row, once again cutting into the already decreasing profit margins of miners. … Read More: Bitcoin Miners About to Be Hit With…
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The Royal Museum of Fine Arts Antwerp (KMSKA) in Belgium is working with two blockchain companies to tokenize Carnaval de Binche, a million-euro painting by Belgian artist James Ensor, to allow everyone to become a “co-owner” of the masterpiece…. Read More: Belgian Museum Tokenizes Million-Euro Masterpiece to Allow its Fractional Ownership Read more »Pay,…
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Non-fungible token (NFT) markets are starting to feel the pain from the crypto market carnage that’s taken place during the last week. Over the last seven days, NFT sales have dropped 42.85% lower than the previous week. NFT sales on Ethereum were hit the hardest as the blockchain saw a 44.83% loss in NFT sales…
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LUNA was down by over 50% in today’s session as markets continued to react to UST losing its parity with USD. As such traders lost faith in the stablecoin founded by Do Kwon, which dropped to its lowest point since September. Whilst LUNA stole the headlines, XMR and AXS also saw recent losses extended. Terra…
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The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% from $1.83 trillion to today’s $1.54 trillion. The price of gold has lost 5% in 30 days, and major stock market…
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The Nigerian central bank digital currency (CBDC) wallet app is set for an update that will see users given the ability to pay for utilities like pay television and for topping up airtime. The addition of the unstructured supplementary service data (USSD) functionality to the wallet app means people without bank accounts will be able…
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MATIC has rebounded sharply after testing the July 2021 support level, borrowing further upside cues from Polygon’s partnership with Meta. Polygon (MATIC) price reversed course to the upside on May 10 after testing $0.794 as its interim support, thus rising by up to 25% to $0.99. The rebound occurred a day after the token slumped over…
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