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Crypto News Source

Channel address: @cryptonewssource
Categories: Cryptocurrencies , Crypto News
Language: English
Subscribers: 87.45K
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The latest Messages 2

2024-02-07 10:40:00
MicroStrategy buys $37M Bitcoin bringing holdings to 190,000 BTC

MicroStrategy, the largest publicly traded holder of Bitcoin, says it acquired an additional 850 BTC in January bringing its total holdings to 190,000 BTC — worth $8.1 billion. In its Q4 2023 Feb. 6 earnings call, the business software firm’s chief financial officer, Andrew Kang, said it acquired 56,650 BTC throughout 2023 at an average price of $33,580. MicroStrategy posted a net income of $89.1 million, compared with a loss of $249.7 million in the year prior.

Source

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13.3K views07:40
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2024-02-06 20:56:24
Binance offers $5M snitch bounty after RON token listing sparks ‘heated’ debate

Crypto exchange Binance has launched a $5 million bounty for information on potentially corrupt staff members after a spate of accusations alleged its crypto token listing could be front-run due to leaks. In a series of Feb. 5 X posts, Binance co-founder Yi He said “heated discussions” had taken place in the community after a recent plunge in the price of Ronin (RON) after it listed on Binance.

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13.7K views17:56
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2024-02-02 21:02:04
Bitcoin mining difficulty to see largest increase in a year

Bitcoin’s difficulty adjustment is poised for another significant shift with an upcoming 7% adjustment, according to Newhedge. This marks the largest difficulty increase in almost a year since March 2023. The evolution of Bitcoin’s mining difficulty is a significant indicator of the network’s health and security. The previous difficulty adjustment registered a decrease of -3.9%, marking the most substantial downward adjustment since December 2022.

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12.6K views18:02
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2024-01-25 19:36:43
Galaxy predicts ‘unprecedented challenges’ for Ethereum in 2024

Mike Novogratz’s crypto bank Galaxy Digital says 2024 will be a crucial year for Ethereum, as other layer-1 blockchains will raise the stakes. Ethereum appears to be navigating uncharted waters, as the network is set to face “unprecedented challenges” in 2024 presented by alternative layer-1 networks such as Solana, Galaxy Digital writes in its “Watch This Space” report.

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12.9K views16:36
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2024-01-22 06:52:00
BREAKING: Reuter Reports Terraform Labs, Creator of TerraUSD Stablecoin, Files Chapter 11 Bankruptcy in the United States.

Terraform
Labs, the company behind the stablecoin TerraUSD, which collapsed and roiled cryptocurrency markets, filed for Chapter 11 bankruptcy in the United States, according to court papers filed on Sunday.

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27.8K views03:52
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2024-01-21 21:06:33
Coinbase has 70% chance of full dismissal in SEC lawsuit — Litigation analyst

Bloomberg senior litigation analyst Elliott Stein has indicated he sees minimal likelihood of failure for cryptocurrency exchange Coinbase in its ongoing lawsuit against the United States Securities and Exchange Commission (SEC). Stein forecasts a 70% chance of the exchange securing a full dismissal in the lawsuit. The SEC alleges that by staking customer assets, earning rewards on their behalf and returning them, Coinbase is engaging in offering and selling investment contracts, thereby falling under SEC regulation.

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23.5K views18:06
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2024-01-21 09:45:46
Heightened Bitcoin Fees and Erratic Mining Revenues Herald Murky Shift as Halving Nears

Recent statistics reveal that for the past 75 days, starting from Nov. 6, 2023, the average transaction fee on the Bitcoin network has consistently stayed over $5. Additionally, since Dec. 4, 2023, these fees have predominantly been over $10, with a single exception occurring when it briefly fell to $8.33 per transaction.

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24.2K views06:45
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2024-01-20 23:36:01
El Salvador’s Bitcoin Adoption Drops Significantly: Survey Reveals a 12% Usage Rate in 2023

Among those surveyed, 6.8% see life improvement with Bitcoin adoption in El Salvador, but the majority, 93.2%, remain unconvinced of any positive impact. El Salvador made history by becoming the first nation to embrace Bitcoin as a legal tender more than two years ago. Although the country’s financial outlook has seen positive developments, a recent study carried out by José Simeón Cañas Central American University unveiled a mixed sentiment regarding the correlation between the adoption of Bitcoin and perceived improvements in personal well-being.

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22.9K views20:36
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2024-01-20 11:17:01
Ripple challenges SEC request for financials, alleging it's untimely and irrelevant

Lawyers representing Ripple Labs have declared that the United States Securities and Exchange Commission's (SEC) request to examine additional financial documents is not valid, given the deadline has already passed and lacks relevance. In a recent court filing on Jan. 19, Ripple's legal team claimed that the SEC has changed its stance on collecting additional information during the discovery phase.

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14.4K views08:17
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2024-01-19 21:26:12
Ethereum outpaces Bitcoin post-ETF launch as ETH/BTC ratio skyrockets

ETH/BTC ratio—a crucial indicator of two leading cryptocurrencies' interplay—has presented a compelling narrative. Recent trends have defied expectations set by high-profile events such as Ethereum's Merge and the launch of spot Bitcoin ETFs in the U.S. While the ratio experienced fluctuations, a sharp divergence emerged, raising questions about the underlying forces at play.

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17.3K views18:26
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