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Block to Reinvest 10% of Profits into Bitcoin Each Month


Jack Dorsey-led Block announced plans to allocate 10% of profits from its Bitcoin products toward buying more of the cryptocurrency each month, its quarterly report published Thursday showed. The post Block to Reinvest 10% of Profits into Bitcoin Each Month appeared first on Cryptonews

Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits


Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether...

Top Crypto Gainers Today on DEXScreener – FELON, YIELD, BOOB


As blue-chip cryptos stabilize following a tumble earlier this week, with Bitcoin (BTC) consolidating below $60,000, traders are turning to the on-chain markets as they hunt for top crypto gainers today. The post Top Crypto Gainers Today on DEXScreener – FELON, YIELD, BOOB appeared first...

Standard Chartered Warns Bitcoin Price Could Fall to $50K


Standard Chartered Bank has warned that bitcoin’s price could potentially decline to $50,000. The head of digital asset research at the bank attributed this forecast to a mix of crypto-specific factors and broader macroeconomic influences. Additionally, he warned about the risk...

JPMorgan: Retail Investors Drive Selloff in Both Crypto and Equity Markets


JPMorgan has highlighted a significant increase in selling and profit-taking across equity and crypto markets, driven largely by retail investors. The global investment bank also observed institutional momentum traders and quantitative funds reducing positions, particularly in stocks, bitcoin,...

Bitcoin Price Prediction as Meme Coin Market Recovers – Time to Buy?


With Bitcoin maintaining stability above $57,000 despite fluctuations in related ETFs, the meme coin market, led by surges in Popcat and Pepe, showcases enticing growth prospects. The post Bitcoin Price Prediction as Meme Coin Market Recovers – Time to Buy? appeared first on Cryptonews

Hybrid L2 Build on Bitcoin Launches Mainnet; US Users Face Geo-Blocking


The layer-two initiative known as BOB, short for ‘Build on Bitcoin,’ has declared its mainnet operational with over 40 apps launching in the initial phase. Notably, the BOB application that facilitates bridging and access to the ecosystem is geo-blocked in the United States....

Zksnacks to Cease Coinjoin Transactions, Affecting Wasabi, Trezor and Btcpay


On Thursday, Zksnacks, the developer behind Wasabi Wallet, announced its decision to cease its coinjoin services following regulatory measures in the U.S. The company stated that the wallet will now operate as a standard non-custodial bitcoin wallet without the coinjoin feature. Zksnacks Withdraws...

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