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Weekly overview

Read more about the article MicroStrategy’s Q2 earnings reveals Bitcoin stockpile now $14.7B

MicroStrategy’s Q2 earnings reveals Bitcoin stockpile now $14.7B

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

MicroStrategy shares jumped just 1% in after-hours trading, with the company posting a net loss of $123 million in the second quarter. Business intelligence firm MicroStrategy purchased an additional 12,222…

Continue ReadingMicroStrategy’s Q2 earnings reveals Bitcoin stockpile now $14.7B
Read more about the article Coinbase shares rise 3% as Q2 crypto trading doubles from last year

Coinbase shares rise 3% as Q2 crypto trading doubles from last year

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

Coinbase has marked its third consecutive quarter in the black, with its net revenue and trading volumes jumping 108% and 145%, respectively, from the prior year. Coinbase shares rose 3.2%…

Continue ReadingCoinbase shares rise 3% as Q2 crypto trading doubles from last year
Read more about the article Backlash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express

Backlash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

Backlash to WasirX’s “socialized loss” strategy, Philippines wants Binance off app store, Japan’s metaverse plan for shut-ins. Asia Express. Our weekly roundup of news from Asia curates the industrys most…

Continue ReadingBacklash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express
Read more about the article ByBit exchange halts operations in France

ByBit exchange halts operations in France

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

ByBit has been at odds with the Autorité des Marchés Financiers (AMF) since 2022 when the regulator blacklisted the exchange. Popular cryptocurrency exchange ByBit announced it is halting operations in…

Continue ReadingByBit exchange halts operations in France
Read more about the article Bitcoin long liquidations hit $300M as BTC price falls to $62K

Bitcoin long liquidations hit $300M as BTC price falls to $62K

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

A flash crash in Bitcoin price on shorter timeframes induces panic among leveraged long traders, but analysts believe it’s a short-term pullback. Bitcoin (BTC) fell over $1,600 in 60 minutes…

Continue ReadingBitcoin long liquidations hit $300M as BTC price falls to $62K
Read more about the article Jack Dorsey’s Block sees Bitcoin revenue grow 9% to $2.6B

Jack Dorsey’s Block sees Bitcoin revenue grow 9% to $2.6B

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

Block’s Bitcoin revenue exceeded $2.61 billion during the second quarter of 2024, contributing to a total net revenue of $6.16 billion for the period. Jack Dorsey’s payment conglomerate Block Inc.…

Continue ReadingJack Dorsey’s Block sees Bitcoin revenue grow 9% to $2.6B
Read more about the article North Carolina lower chamber overturns governor’s veto of CBDC ban

North Carolina lower chamber overturns governor’s veto of CBDC ban

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

The bill received strong support in the General Assembly. Now, the state Senate will consider overturning the veto. There is still hope for the bill passed by the North Carolina…

Continue ReadingNorth Carolina lower chamber overturns governor’s veto of CBDC ban
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