Author: James Wilson
Shares of U.S. crypto exchange Coinbase jumped over 8% on Thursday after the company posted stronger-than-expected Q4 earnings. Cryptocurrency exchange Coinbase saw its shares jump 8.44% to $298.11 on Thursday, Feb. 13, after reporting its strongest quarterly revenue in three years. According to its Q4 2024 earnings report, Coinbase generated $2.3 billion in revenue, a 138% increase from 2023, beating the $1.88 billion estimate from LSEG analysts. Net income hit $1.3 billion, while earnings per share came in at $4.68, surpassing both the $2.11 forecast by FactSet and the $1.81 expected by LSEG. The exchange says its growth was due…
U.S. Customs and Border Protection is continuing its seizure of Bitcoin mining equipment at U.S. ports. The ASIC miners are reportedly being detained at U.S. ports of entry at the request of the Federal Communications Commission. According to documents reviewed by Blockspace and sources familiar with the matter, the agency has expanded its detainment efforts to include MicroBT and Canaan units. The latest seizures escalate CBP’s previous actions against Antminer S21 and T21 units, which were reportedly detained due to AI chips from trade-restricted supplier Sophgo. Now, the agency is also seizing Bitmain units for the first time since last…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Market dips open doors for investors, with Lightchain AI, Solana, and Avalanche poised for strong rebounds and future gains. Market dips create prime opportunities for savvy investors to accumulate high-potential altcoins at discounted prices. Among the leading options right now is Lightchain AI, a rapidly growing project changing AI-powered blockchain technology. Lightchain AI has already raised over $15.3 million at a presale price of $0.006, showcasing strong investor demand even in a volatile market. Other strong contenders include Solana…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Rexas Finance sees rising investor interest as ETH is swapped for RXS tokens, with a notable $183k transaction. Rexas Finance (RXS) has captured this market segment and the attention of retail and institutional investors. While the project is undergoing its final presale stage, Etherscan reveals a shift in investor attention: Crypto holders are now actively swapping their ETH assets for RXS tokens. A notable transaction depicts further investment confidence in the project: $54 ETH worth $183,870 was swapped for…
Ethereum price has formed a death cross pattern, risking further downward momentum as whales continue selling. Ethereum (ETH) dropped to $2,600 on Thursday, down by over 35% from its highest level in December last year. This decline happened the network continued to see weak demand among investors. Spot Ethereum exchange-traded funds had net outflows of $40.95 million on Wednesday, bringing the cumulative inflows to $3.1 billion. There are signs that some Ethereum whales have continued to dump their tokens. According to Lookonchain, one big whale deposited 20,000 tokens worth $52.8 million to Kraken. The same whale sold 20,000 tokens in…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With Bitcoin price struggling, this article looks into ChowWow, the new Solana meme coin that is set for massive rallies in presale Bitcoin continued its downtrend this week, dropping briefly below $95,000 before rebounding above $98k. In the past week, the price of BTC has traded between $101,732 and $94,713, with the Bitcoin market cap dropping from $2.0b to $1.94b. Since Bitcoin’s price surged to an all-time high of $109,114 on January 20, the popular cryptocurrency has been in…
South Korea plans to gradually allow corporations to begin trading crypto, according to the latest announcement by the Financial Services Commission. On Feb. 13, the SFC released a press release in which it outlined a phased lift on a ban that prohibited institutions from participating in the virtual assets trading market. Reports that South Korea was mulling a lift its institutional crypto trading ban emerged early this year. In phase one of the program, authorities will allow law enforcement agencies, non-profit organizations, school corporations and universities to sell crypto such as Bitcoin (BTC) and Ethereum (ETH). This will be for…
BingX Labs, the innovation arm of crypto exchange BingX, has invested $10 million in StakeStone to support the development of omnichain liquidity staking and StakingFi applications. The partnership aims to improve liquidity infrastructure, optimize capital efficiency, and expand cross-chain asset protocols in decentralized finance. DeFi refers to financial services built on blockchain networks, allowing users to lend, borrow, and trade assets without traditional banks. Liquidity staking lets crypto holders earn rewards by locking up assets to help secure a network. Omnichain liquidity staking takes this further by enabling staking across multiple blockchain networks, making it more efficient. The collaboration will…
Former Binance CEO Changpeng ‘CZ’ Zhao stressed that he wasn’t launching a meme coin as users demanded a contracted address. Crypto speculators flooded CZ with messages on X, asking for a contract address to trade the meme coin inspired by Zhao’s Belgian Malinois named Broccoli. Developers often launch canine-themed tokens based on pets owned by popular founders like Zhao. CZ had earlier said he would share details about his dog, including its name and breed, kickstarting a frenzy around the social media posts. Amid the hype, PancakeSwap, native to Binance Chain, outpaced Uniswap, the leading decentralized exchange on Ethereum, as…
Plasma, a Peter Thiel-backed crypto platform looking to build a Bitcoin-based network for stablecoins, has announced it raised $20 million in its Series A round. Venture capital firm Framework Ventures led the stablecoin startup’s latest funding round, Plasma said on Feb. 13. The startup plans to use the capital injection to support its network’s testnet and mainnet launch. Funds will also go into an initiative aimed at expanding the company’s presence in the remittances market. Plasm also targets payments and decentralized finance ecosystems. This investment brings the startup’s total VC raise to $24 million, with the platform having secured $4…