Argo Blockchain, the leading cryptocurrency miner, has managed to reduce its debt to $75 million during the first half of 2023, a significant decrease from the $143 million it owed at the end of June 2022. The company also managed to reduce overall costs and expenses, however, revenue in H1 was significantly less than the […]
Ripple Labs, the entity behind the XRP cryptocurrency, has not yet initiated the process for an initial public offering (IPO). However, back in 2022, Ripple’s CEO, Brad Garlinghouse, indicated to CNBC that the company would consider the possibility of an IPO once its legal battle with the Securities and Exchange Commission concluded. Ripple’s recent legal […]
Oman is one of the Muslim-majority countries that is increasingly embracing digital currencies. Bitcoin Spark is a blockchain technology that is Sharia-compliant and follows the principles of Islamic law. It is based on risk and reward sharing, and encourages investments in socially responsible and morally acceptable ventures. It also prohibits transactions involving excessive uncertainty, ambiguity, […]
KuCoin’s most recent report revealed that the interest in cryptocurrencies in Turkey has been growing rapidly in the past year and a half. The report estimated that 52% of the locals aged 18 to 60 have already invested in bitcoin or alternative coins, compared to 40% in November 2021. This increase in crypto investors is […]
A small group of 1,987 XRP Millionaires currently hold an incredible 42.73 billion XRP, contributing to over 80 percent of the currency’s total circulating supply. Despite a bearish crypto market, specific categories of these “XRP Millionaires” are showing surprising resilience, even as others decline.The number of addresses holding between 5 and 10 million XRP increased […]
The U.S. Court of Appeals for the D.C. Circuit recently ruled in favor of digital asset management company Grayscale Investments in its lawsuit against the Securities and Exchange Commission (SEC). The court ordered the agency to review its rejection of Grayscale’s application to turn its flagship Grayscale Bitcoin Trust fund (GBTC) into a spot Bitcoin […]
The crypto market is abuzz with recent developments in the Ripple lawsuit and the price of XRP on the rise. Shiba Inu (SHIB) has also seen a major boost from Shibarium, while investors have been diversifying into Everlodge (ELDG) due to its massive potential. Unification will launch a Shibarium validator node soon, increasing confidence in […]
Binance CEO Changpeng ‘CZ’ Zhao is confident that decentralized finance (DeFi) will overtake centralized finance (CeFi) in terms of prominence and significance within the financial landscape over the next six years. Zhao believes that if even a small portion of the trillions of dollars controlled by institutional investors in the equity market were invested in […]
Bitcoin price stayed below $26,000 into the Sep. 3 weekly close, brushing off overly bearish trader sentiment. Data from Cointelegraph Markets Pro and TradingView showed BTC price avoiding volatility over the weekend, operating in a tight $200 range. Traders weighed the impact of various potential weekly close levels, with $25,900 as the key line in […]
Crypto asset manager Grayscale Investments recently won a lawsuit against the U.S. Securities and Exchange Commission (SEC) in its effort to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF). The SEC had alleged that the GBTC didn’t have enough safe practices and fraud protection in place. Judge Neomi Rao accepted Grayscale’s […]
