Coinbase Reports $1.4 Billion in Q2 Revenue Amid Industry’s Regulatory Advances

August 2, 2024 Bitcoin.com

Coinbase Reports .4 Billion in Q2 Revenue Amid Industry’s Regulatory Advances

bitcoin.com

Coinbase posted $1.4 billion in total revenue for the second quarter of 2024, marking a period of continued growth and progress in the crypto industry. The company’s earnings report said it also made strides toward regulatory clarity in the U.S., a key development for the broader crypto economy. Coinbase Publishes Q2 2024 Earnings and Shareholder […]

MicroStrategy completes billion convertible notes offering to buy more Bitcoin

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Stablecoin growth soars as crypto global mass adoption ramps up

July 31, 2024 Coin Telegraph

Coin Telegraph

Steady growth in the market cap of many stablecoins highlights investors’ interest in all aspects of the crypto market.

As 2024 continues to unfold, and new unprecedented developments in the cryptocurrency space such as the launch of spot Bitcoin and Ethereum ETFs, another trend is emerging. The growth of stablecoins that has lasted for ten consecutive months and stablecoins’ market dominance rise to 6.93%.

Stablecoins are a class of cryptocurrencies whose value is fixed to a reserve asset, like a fiat currency or commodity. They stand apart from the frequent price volatility associated with cryptocurrencies such as Bitcoin (BTC) or Ether (ETH) due to their stability

According to a report from CCData, the total stablecoin market capitalization rose by 2.11% in July to $164 billion amid a ten-month ascent that was witnessed by major stablecoins.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Chainlink integration adds transparency to 21Shares Ether ETF

July 29, 2024 Coin Telegraph

21shares

The integration aims to create more transparency for 21Shares’ Ether ETF, which could create more trust among investors.

21Shares has integrated Chainlink’s proof-of-reserve (PoR) system to create more transparency for its Core Ethereum exchange-traded fund (ETF).

21Shares, one of the world’s largest issuers of crypto exchange-traded products (ETPs), aims to build greater trust in its physically-backed Ether (ETH) ETF by integrating proof of reserves.

The transparency created by the new integration could further the path of digital asset adoption, according to Johann Eid, the chief business officer of Chainlink Labs, who wrote in a shared statement:

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Australian stablecoin startup Stables expands to Europe

July 21, 2024 Coin Telegraph

Bernado Bilotta

Stables co-founder Bernado Bilotta says stablecoins are starting to break free of “crypto-native” applications and make their way into the mainstream.

Australian stablecoin payments startup Stables has announced its expansion to Europe in partnership with Mastercard, which co-founder Bernado Billota says indicates a wider trend of the dollar-pegged assets breaking into the mainstream.

Speaking to Cointelegraph, Bilotta said the expansion marked an important step for his firm, noting an increase in the size of the total addressable market of new customers in Europe, which he said was roughly twenty times the size of Australia.

The new partnership will allow Stables users to make purchases with Circle’s USD Coin (USDC) in 27 countries throughout Europe wherever MasterCard is accepted and through digital vendors like Apple and Google Pay.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Solana has impacted Africa’s crypto market maturity — Exchange exec

July 7, 2024 Coin Telegraph

African OTC crypto

Adopting any technology is based on the strength of its community, and Solana has proven that with its African community.

Oladotun Wilfred Akangbe, the chief marketing officer of Flincap — a platform for African over-the-counter crypto exchanges — has highlighted the cryptocurrency industry’s remarkable growth and maturity, focusing mainly on Solana’s resilience and community efforts in Africa.

Akangbe told Cointelegraph that the crypto industry is steadily maturing, demonstrating its ability to withstand various challenges that would have previously triggered a market downturn.

Despite challenges such as the regulatory issues surrounding Binance and Binance founder, Changpeng Zhao, pleading guilty in November 2023 to violating United States money laundering laws, the industry continues to grow.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Tether signs MoU to promote crypto freedom in Turkey

July 2, 2024 Coin Telegraph

asset tokenization

Stablecoin giant Tether is eager to learn about the possibilities of introducing new business lines into Turkey’s banking in cooperation with the local crypto firm BTguru.

Tether is increasing its presence in Turkey by partnering with a local cryptocurrency firm to promote industry knowledge.

The firm, issuer of the Tether (USDT) stablecoin, has signed a memorandum of understanding (MoU) with local crypto platform BTguru to evaluate digital asset-related educational initiatives in Turkey, it announced on July 2.

BTguru positions itself as a technology and strategy partner, specializing in virtual crypto assets “for primarily banks.”

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

‘Secrecy of Crypto Usage’ Drives Youth Cryptocurrency Adoption, Says Nigerian Regulator

June 29, 2024 Bitcoin.com

Africa

According to a Nigerian regulator, young people who are adopting cryptocurrencies are drawn to their secrecy, and many of them do not have bank accounts. However, the regulator also stated that the Securities and Exchange Commission (SEC) will continue to caution users about the potential risks of investing in this asset class. Crypto Cannot Be […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

562,000,000 People Across the Globe Now Own Cryptocurrency, According to New Study

June 3, 2024 The Daily Hodl

Crypto Adoption

Roughly 6.8% of the global population now holds crypto assets, according to digital currency payment company Triple-A. In a new report, Triple A says the number of people who own cryptocurrency is now 562 million, up by about 34% from 420 million in 2023. Of the countries worldwide, the United Arab Emirates has the highest […]

The post 562,000,000 People Across the Globe Now Own Cryptocurrency, According to New Study appeared first on The Daily Hodl.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Solana sees ‘dramatic increase’ in institutional portfolios: CoinShares

April 26, 2024 Coin Telegraph

allocation

CoinShares found a significant increase in hedge funds and wealth managers survey respondents who have allocated to Solana compared to earlier this year.

Institutional investors appear to be “broadening their exposure to altcoins” including Solana (SOL), which has seen a “dramatic increase in allocations” from wealth managers and hedge funds, says CoinShares.

“Investors are more optimistic for Solana,” the asset manager’s head of research, James Butterfill, wrote in an April 24 report based on its survey of 64 investors with a combined $600 billion in assets under management.

Nearly 15% of surveyed investors said they had invested in SOL, a significant bump from CoinShares’ January survey which showed none of the respondents had any investment in the altcoin.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Zano Blockchain’s Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential Assets

March 25, 2024 Bitcoin.com

bitcoin.com

The Zano blockchain’s recently completed Zarcanum hard fork (HF4) will enable users and organizations to create custom tokenized assets that meet their specific needs. These custom tokenized assets or confidential assets, will be untraceable on the Zano blockchain. The team believes that without privacy and security, cryptocurrencies cannot achieve the much-hyped widespread adoption. Hosting Multiple […]

Crypto Adoption

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