Jack Dorsey-backed Block Reports $1.87 Billion Gross Profits
Its gross profit for the second quarter of 2023 was $1.87 billion, up 27% year over year. Bitcoin revenue was up 34% over the same time in 2022.Block Inc., a…
Is Meta Instagram Threads Loosing Steam?
Elon Musk changing Twitter to X has been dominating the tech news cycle. But the bigger story is how Meta’s Threads (Mark Zuckerberg’s new microblogging alternative) went from a supposed…
Bridgecoin Capital Unveils Crypto Lending Product Leveraging Capital Gains
The new lending platform from Bridgecoin Capital is the first of its kind, allowing clients to invest their cryptocurrency in conventional real estate. This groundbreaking strategy is the first tax-efficient…
Binance Hires New Compliance Officer Amidst Ongoing Legal Probes
Hecht’s background includes time as a senior policy adviser at the U.S Treasury Department.As Hecht’s successor, Chief Compliance Officer Noah Perlman will be a close collaborator.A number of Binance’s senior…
Meta (Facebook) Reels Creators Angered Over Meta Revenue Share Payments Error
Meta’s facing new backlash from short-form video creators after its latest payment notifications for its Music Revenue Sharing program, which enables video creators to earn a share of in-stream ad…
MicroStrategy Announces Their Balance Sheet, Is Bitcoin on Top? XRP and Pomerdoge Are up 50% On the Weekly Chart
Microstrategy, the software giant is set to release its balance sheet report soon. Meanwhile, investors are wondering if Bitcoin (BTC) still leads their holdings given Bitcoin’s recent price drop. Two…
Google Cloud Increase Partnership With Celo Network as Validator
The network approved to switch from its own blockchain to an Ethereum layer-2 solution.Post the announcement the price spiked briefly reached almost $0.52.In addition to Deutsche Telekom and other ecosystem…
KuCoin Says It has Suspended BTC and LTC Mining Pools.
Users were cautioned to save any mining data and records before August 27. There have been rumors that KuCoin plans to lay off 30 percent of its staff. KuCoin, a…
FTX Didn’t Speak Up About Exchange Reboot Plans, Say Creditors
Creditors say FTX’s proposed restructuring plans are mere “ideas,” and were not formally negotiated.Lawyers representing FTX’s creditors said they weren’t filled in on a recently proposed plan to revive the…
Coinbase is Exploring ‘Best’ Way to Integrate Bitcoin Lightning Network, Says CEO.
The exec reiterated his stance on the LN integration in response to Jack Dorsey’s tweet. Coinbase CEO Brian Armstrong revealed that the crypto exchange is exploring the “best” way to…