Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down
Block Inc. posted $1.47B worth of profit in Q2 but BTC trading services profit only accounted for $41 million of that figure, with the firm citing price volatility and a…
Voyager received better buyout offers than FTX’s, set to return $270M to customers
The crypto lender will be allowed to return a portion of customer funds locked up at the Metropolitan Commercial Bank which have been frozen until now. Beleaguered crypto lender Voyager…
Multimillion Dollar Hack Drained Thousands of Solana (SOL) Accounts
Solana (SOL), a public blockchain platform, has been the latest target of a cryptocurrency attack. SOL users claimed that money had been stolen from “hot” wallets. Solana (SOL), a public…
US Senators Introduce Bill to Give CFTC Exclusive Jurisdiction Over Digital Commodities Spot Market
U.S. senators have introduced the “Digital Commodities Consumer Protection Act of 2022” to empower the Commodity Futures Trading Commission (CFTC) “with exclusive jurisdiction over the digital commodities spot market.” Digital…
Skybridge Estimates Bitcoin’s Fair Market Value at $40K and Ethereum’s at $2,800
Skybridge Capital’s founder says bitcoin’s fair market value is about $40,000 based on adoption, wallet size, use cases, and growth of wallets. The asset management firm also estimated ethereum’s fair…
IRS Expands Crypto Question on Tax Form
The Internal Revenue Service (IRS) has modified the crypto question asked on Form 1040, the tax form used by all U.S. taxpayers to file an annual income tax return. New…
Education and aesthetics: Bringing more women into the Metaverse
Brands have the potential to make the Metaverse more women-friendly by focusing on beautiful aesthetics, accessibility and education. Interest in the Metaverse is growing rapidly and fashion brands across the…
UK parliamentary group calls for submissions in new crypto asset inquiry
The U.K.’s Crypto and Digital Assets All Party Parliamentary Group (APPG) announced it will launch an inquiry into the crypto and digital asset industry. The United Kingdom Crypto and Digital…
Cointelegraph increases its presence in Middle East and North Africa with a new franchise
Cointelegraph MENA will cover more news and technological developments in each country in the region in Arabic. Cointelegraph, the premier blockchain- and crypto-focused media outlet, is increasing its presence in…
Ethereum’s L2 solution ‘Optimism’ rallies 300% in a month — Will OP price gains sustain?
Optimism eyes an increase in adoption after the Merge upgrade triggers Ethereum’s “Rollup-Centric Roadmap.” The price of Optimism (OP) has been skyrocketing since the beginning of July due to its…
US Court postpones Celsius second hearing
Crypto lender Celsius recently announced the postponement of its bankruptcy second hearing. Celsius made the revelation in a Twitter post. Reportedly, the postponement manifested owing to the plea for more…
Kurtosis raises $20 million in Series A funding round
Crypto-oriented developer tool platform Kurtosis has announced raising $20 million in its Series A funding round. The protocol reported the development in a Twitter post on Thursday. As revealed, the…
DOT Price Prediction for 5th of August: Polkadot is Trending Upwards
This forecast will discuss price movements in the Polkadot versus USD and Polkadot versus BTC markets. We shall be analyzing the market to see what trading chances lie there in…
Crypto insider trading: Arrested Indian brothers pleads innocent to allegations
Two Indian brothers have pleaded innocent to the insider trading charges leveled against them by U.S prosecutors. The brothers, Ishan Wahi, a former Coinbase Global Inc product manager, and Nikhil,…
MSBSD adopts blockchain to issue diploma certificates
Maharashtra State Board Of Skill Development (MSBSD) has issued over 100,000 verifiable virtual diploma certificates to its graduating students. MSBSD utilized the LegitDoc platform to develop the virtual certificates on…