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News Bytes – 5

Bybit Expands Global Presence With VASP Registration by the National Bank of Georgia

Bybit Expands Global Presence With VASP Registration by the National Bank of GeorgiaBybit has announced its registration as a Virtual Asset Service Provider (VASP) by the National Bank of Georgia, marking a significant step in the company’s commitment to regulatory compliance in the country. This registration aligns with Bybit’s global compliance strategy, which has seen the company secure licenses in key markets such as the Netherlands, Kazakhstan, […]

Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?

Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over Year

Bitfufu Reports Q3 Revenue Increase of 47.5% Year Over YearNasdaq-listed cloud mining services company Bitfufu has announced its unaudited financial results for the third quarter of 2024, revealing a total revenue of $90.3 million, a 47.5% increase from $61.2 million in the same period last year. The company’s cloud-mining solutions saw even more significant growth, with revenue rising 51.4% year-over-year to $68.9 million. The […]

Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?

MARA Reports 2% Increase in Bitcoin Mining for October 2024; Transaction Fees Account for 5% of Total Production

MARA Reports 2% Increase in Bitcoin Mining for October 2024; Transaction Fees Account for 5% of Total ProductionMARA (NASDAQ: MARA) has released its unaudited Bitcoin production update for October 2024, reporting a total production of 717 Bitcoin, which represents a 2% increase compared to the previous month. The company’s energized hash rate increased by 14% to reach 40.2 EH/s, marking the highest production month since the Bitcoin halving event in April. Despite […]

Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?

Kraken Completes 2024 Proof of Reserves, Verifying Over $21.5 Billion in Client Assets

Kraken Completes 2024 Proof of Reserves, Verifying Over .5 Billion in Client AssetsKraken has announced the completion of its 2024 Proof of Reserves, an independent verification process conducted by a third-party accountant. This procedure allows clients to confirm that their account balances are fully backed by onchain assets. The latest attestation, which became available on November 1, 2024, covers a total value of over $21.5 billion in […]

Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?

Certik Web3 Security Quarterly Report: $688 Million Lost in Q2 2024, Totaling Over $1.19 Billion in H1 2024

Certik Web3 Security Quarterly Report: 8 Million Lost in Q2 2024, Totaling Over .19 Billion in H1 2024The latest Certik Web3 Security Quarterly Report reveals alarming statistics for the second quarter of 2024, with a staggering $688 million lost across 184 on-chain security incidents, marking a 37% increase in value lost compared to the previous quarter. Phishing attacks emerged as the most costly threat, accounting for approximately $433 million in losses, while […]

Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?

Kraken Launches Licensed Broker Offering for Australian Wholesale Clients, Expanding Access to Crypto-Based Derivatives

Kraken Launches Licensed Broker Offering for Australian Wholesale Clients, Expanding Access to Crypto-Based DerivativesKraken has announced the launch of a licensed broker offering specifically designed for Australian wholesale clients, providing access to a range of crypto-based derivatives products. This new service allows eligible clients to manage risk and gain exposure to cryptocurrency price movements without the need to hold the underlying assets. The offering is backed by Kraken’s […]

Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?

Crypto.com Acquires SEC-Registered Broker-Dealer Watchdog Capital to Expand US Trading Offerings

Crypto.com Acquires SEC-Registered Broker-Dealer Watchdog Capital to Expand US Trading OfferingsCrypto.com announced on Thursday the acquisition of Watchdog Capital, LLC, a broker-dealer registered with the SEC and a member of FINRA and SIPC. This acquisition will allow Crypto.com’s new subsidiary to offer equities and equity options to eligible traders in the U.S. CEO Kris Marszalek emphasized the company’s commitment to integrating traditional financial tools with […]

Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?

Bitdeer Unveils Next-Gen Bitcoin Mining Machines Featuring Its Own Chip and Air and Hydro-Cooling Innovations

Bitdeer Unveils Next-Gen Bitcoin Mining Machines Featuring Its Own Chip and Air and Hydro-Cooling InnovationsNasdaq-listed Bitdeer announced the launch of its second-generation Bitcoin mining machine, the SEALMINER A2 series, on October 31, 2024. The new machines feature a power efficiency ratio of 16.5J/TH, with the air-cooled model achieving a hashrate of 226TH/s and the hydro-cooled model reaching up to 446TH/s. Equipped with Bitdeer’s independently developed SEAL02 chip, the SEALMINER […]

Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?

Dydx CEO Announces Layoffs of 35% of Core Team Amid Strategic Shift

Dydx CEO Announces Layoffs of 35% of Core Team Amid Strategic ShiftDydx, the decentralized finance platform, has announced a significant restructuring, with CEO Antonio Juliano revealing the difficult decision to lay off 35% of its core team as part of a strategic shift to align with the company’s evolving goals. In a heartfelt blog post, Juliano acknowledged the dedication and contributions of the departing team members […]

Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?

Ethereum Founder Vitalik Buterin Donates Over $1 Million to Ukrainian Humanitarian Non-Profits

Ethereum Founder Vitalik Buterin Donates Over  Million to Ukrainian Humanitarian Non-ProfitsOn Tuesday, Ethereum founder Vitalik Buterin made a significant contribution of 400 ETH, valued at over $1 million, to four Ukrainian humanitarian non-profits. This donation was facilitated by swapping ETH from meme coins, showcasing the potential of cryptocurrency for philanthropic efforts. Among the recipients is the UHF Fund, a non-governmental organization that provides grants to […]

Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?