Coinbase narrows loss while crypto trading volumes fall in Q3
Cryptocurrency exchange Coinbase narrowed its net loss to $2 million in the third quarter, as notched a year-on-year increase in revenue despite lower trading volumes. The firm’s net loss in Q3 was trimmed from a $545 million net loss in the prior year period, according to a Nov. 2 e ...
Bitcoin miners raked $184M in fees in Q2, surpassing all of 2022
Bitcoin (BTC) miners made a lofty $184 million from transaction fees in the second quarter, far more than what they pocketed over the entire 2022 — as Bitcoin’s price surged and BRC-20 tokens flourished.The $184 million payout is more than a 270% increase from the first qu ...
Bitcoin Ordinals Token Issuance Surpasses 10 Million, Boosting Network Transactions and Fees
According to Dune Analytics service, the number of issued tokens based on Bitcoin Ordinals in Bitcoin network exceeded 10 million. About 200,000 tokens are issued daily, including NFTs. The popularity of Bitcoin Ordinals has led to a significant increase in transactions a ...
High Inflation Triggers Protests in Lebanon, Pushing Citizens towards Alternative Livelihoods and Cryptocurrency Adoption
High inflation has led to protests in Lebanon and is forcing citizens to seek alternative livelihood tools. The state of the economy and the failure of state support programs are to blame. In a number of cities, the effects of the financial crisis have led to riots and lo ...
FTX Discloses Spending and Income, Shocking Investors
The exchange has disclosed the amount of spending and income This spending may shock investors But the exchange is also actively returning assets FTX unveiled a new capital report. To date, they have spent $86 million on their activities. Of that amou ...
Spanish Government Increases Efforts to Collect Taxes on Digital Assets
The Spanish Government's Tax Administration Agency (AEAT) is taking serious action to collect taxes from local holders of digital assets. As part of this effort, the agency plans to send notifications to 328,000 traders across the country. This marks a 40% increase in the number of notificatio ...
Ethereum Nears Shanghai Hard Fork: Updates and Challenges Ahead
Ethereum is steadily approaching the Shanghai hard fork with systematic updates. Recently, on March 14, developers tested the upgrade on the Goerli network, and by April, the hard fork will be deployed on the main network. However, during the update of the Goerli Ethereum testnet, developers enco ...