Worlds largest Bitcoin miner increased BTC holdings by $124M in July

Marathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full HODL.

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Worlds largest Bitcoin miner announces $250M raise to buy more Bitcoin

The new raise is part of Marathons strategy to go full hodl and make Bitcoin a strategic reserve asset for the company.

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Hospitality worker jailed for $2.5B Bitcoin laundering scheme

The authoritys suspicion was based on Wens change in lifestyle. In 2017, she reportedly moved to a six-bedroom mansion in North London.

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Bitcoins Potential for Largest Price Drop in Bull Market, According to Analyst

Bitcoin is currently teetering on the edge of experiencing the biggest price downturn of the bullish market, according to expert analysis. The cryptocurrency has seen a significant decrease in value recently, with many market observers concerned about the potential implications. The price of Bitcoin has been on a rollercoaster ride in recent months, reaching new [...]

The post Bitcoin’s Potential for Largest Price Drop in Bull Market, According to Analyst appeared first on Crypto Breaking News.

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Discover the Top 36th Largest Cryptocurrency: A Detailed Guide to Bitwises Aptos ETF

Bitwise has recently filed for a spot listing with the Securities and Exchange Commission (SEC) for the Aptos ETF. This move is a significant step in the cryptocurrency space as it aims to launch a new exchange-traded fund that will track the performance of Aptos, a digital asset platform. The filing to list the Aptos [...]

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Discover the Top-Performing Aptos ETF with Bitwise Files: Ranked as the 36th Largest Cryptocurrency

Bitwise has officially submitted a Form S-1 with the U.S. Securities and Exchange Commission (SEC) to list a new Bitcoin exchange-traded fund (ETF) called the Bitwise Bitcoin (BITQ). This move marks an important step towards bringing a Bitcoin ETF to the market, as previous attempts by various companies have been either denied or withdrawn. The [...]

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Massive Bitcoin Shift: $6B Moved as 5th Largest BTC Wallet Reactivates After Years of Dormancy

This week, blockchain observers noticed that the “37X” wallet, once holding the title of the fifth-largest bitcoin wallet, was activated for the first time since 2019. This significant move involved the transfer of 94,504.03 bitcoin into three distinct addresses. One of these recipient wallets has now risen to become the sixth-largest bitcoin holder, showcasing a [...]

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JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’

JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.” The billionaire banker also discussed the potential for [...]

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Crypto Exchanges Experience $1.77B Bitcoin and Ethereum Outflow in 30 Days

Throughout May, the crypto market has remained steady, with a valuation just above the $1 trillion mark. Over the past 30 days, both bitcoin and ethereum prices have remained relatively stable. However, recent data reveals a significant amount of bitcoin has been withdrawn from exchanges, with 43,301 BTC, valued at $1.16 billion, leaving centralized trading [...]

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Brazil’s largest public bank Banco do Brasil enables tax payments using crypto | Invezz

Banco do Brasil is the largest bank in Brazil by asset value. That bank has announced that it has enabled Tax Payments to be made with crypto. The crypto tax payment service will however operate via Bitfy blockchain. According to a recent statement, Banco do Brasil (BB), Brazil’s largest public bank, has enabled tax payments ...

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<p>The post Brazil’s largest public bank Banco do Brasil enables tax payments using crypto | Invezz first appeared on CCNC.</p>

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India’s WazirX proof of reserves shows largest holding is Shiba Inu (SHIB) | Invezz

WazirX, India’s largest crypto exchange, has published its proof of reserves (POR), making public its wallet addresses, exchanges and POR report. In an announcement on Wednesday, WazirX said the publication of its proof of reserves is a show of its commitment to promoting trust and security in India’s crypto ecosystem as the broader industry looks ... Read more

<p>The post India’s WazirX proof of reserves shows largest holding is Shiba Inu (SHIB) | Invezz first appeared on CCNC.</p>

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Spain’s largest telecom company Telefónica accepts Bitcoin payments

Spain’s largest telecom company, Telefónica, has joined other companies around the world in accepting crypto payments. Customers will now be able to use Bitcoin (BTC/USD) and other cryptocurrencies to purchase of products on its technology marketplace.

Telefónica activated crypto-enabled purchases on its tech marketplace after adding a Bit2Me payment feature on the marketplace. There was also some revelation about Telefónica investing in the Bit2Me crypto exchange but the details of the investment are expected to be released in the coming weeks.

Besides its latest move to accept Bitcoin and crypto payments, Telefónica also has an NFT marketplace on the Polygon blockchain. The NFT marketplace is currently only integrated with MetaMask. The marketplace was created after the company entered into a partnership with Polygon earlier this year to develop Web3 solutions that allow companies to easily issue non-fungible tokens (NFTs).

Recently, the company signed a deal with Qualcomm Inc (NASDAQ: QCOM) to explore joint commercial metaverse opportunities in the products and services in the metaverse. The deal also included the launch of XR metaverse products and services that took place earlier this week.

According to the officially released statement on Qualcomm’s deal, the agreement:

“Opens the opportunity to deliver new experiences to customers merging the digital and analogue worlds, re-imagining commerce, entertainment, and communication in the Metaverse.”

The post Spain’s largest telecom company Telefónica accepts Bitcoin payments appeared first on Invezz.

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Coinbase posts largest quarterly net loss since its listing on the NASDAQ

Coinbase (NASDAQ: COIN) on Tuesday released its Q2 results that showed a staggering $1.1 billion net loss, which is the largest net loss the crypto exchange has registered since it was listed on the NASDAQ Stock Exchange in April 2021.

Commenting on the loss, Coinbase cited a “fast and furious” crypto market meltdown as the main reason for the huge net loss. There have also been other factors like the recently launched investigation into the crypto exchange by the US Securities and Exchange Commission (SEC) in July.

The results, which were shared in a Q2 2022 Shareholder Letter from Coinbase, stated:

“The current downturn came fast and furious, and we are seeing customer behavior mirror that of past down markets.”

The crypto exchange also registered a reduction in trading volume and transaction revenue over the same duration. The trading volume dropped by 30% while the transaction revenue dropped by 35%.

Despite being the biggest quarterly loss for Coinbase, this year’s Q2 net loss marks the second consecutive quarterly loss that the exchange is making since listing on NASDAQ.

Tuesday’s results also missed analyst expectations.

The crypto exchange registered $802.6 million in revenue, which is a 45.1% drop from the previous quarter and an astounding 153.1% drop from the 2021 Q2 results. The net loss that amounted to $1.1 billion was mainly due to $446 million in non-cash impairment charges that resulted from lower crypto asset prices in the second quarter.

On the brighter side, Coinbase assured its customers that despite the economic downfall, the crypto exchange is doing its best in adjusting to the fluctuating market conditions.

One of the things that Coinbase has done is cutting down 18% of its employees and taking a “pause, maintain, and prioritize” approach toward product development. Some of the products that the crypto exchange is prioritizing include Coinbase Retail App, Staking, Coinbase Prime, and Coinbase Cloud among other Web3 applications.

Coinbase is also working on a Bored Ape Yacht Club (BAYC)-featured movie and it just released the first part of the movie on July 26.

The post Coinbase posts largest quarterly net loss since its listing on the NASDAQ appeared first on Invezz.

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Crypto.com gets nod in Dubai and FTX launches in Japan

Crypto.com will have further requirements before its full license is granted in the “near-term” and FTX said the move would allow it to work “directly with Japanese regulators.”

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How Gate·io Grew to Become One of the World’s Largest Crypto Exchanges – 9 Years Retrospective – Sponsored Bitcoin News

sponsored Gate.io is one of the longest running secure exchanges in the world and over time, surpassed 10 million users worldwide. To mark this milestone, the exchange is launching a rebranding and a sweepstake with $9,000,000 in prizes! Read on to find out more about what makes Gate.io such a success and what the team […]

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Terra Purchases $1.5 Billion Worth of BTC to Become Second-Largest Corporate Bitcoin Holder

The Luna Foundation Guard (LFG) has purchased an additional $1.5 billion in its move to accumulate Bitcoin worth $10 billion.

Continue reading Terra Purchases $1.5 Billion Worth of BTC to Become Second-Largest Corporate Bitcoin Holder at DailyCoin.com.

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Luna Foundation Holds Nearly 40,000 BTC, Making It Nineteenth Largest Bitcoin Holder

In Q1, Do Kwon, the founder of Terra, outlined plans to purchase $10 million worth of Bitcoin.

Continue reading Luna Foundation Holds Nearly 40,000 BTC, Making It Nineteenth Largest Bitcoin Holder at DailyCoin.com.

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Second Largest Israeli Bank Leumi Launching Cryptocurrency Trading – Featured Bitcoin News

Israel’s second-largest bank, Leumi, is launching a cryptocurrency trading service to allow customers of its digital investment platform to trade cryptocurrencies. “The service will allow Pepper Invest customers to buy, hold, and sell cryptocurrencies.” Major Israeli Bank Launching Crypto Trading Service Pepper Invest, the digital investment platform of Pepper by Leumi (TASE: LUMI), announced Friday […]

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Red Bull Racing Partners With Bybit, F1 Team Says It’s the ‘Largest per Annum Crypto Sports Deal to Date’ – Bitcoin News

Red Bull Racing (RBR) has announced the cryptocurrency exchange platform Bybit has joined RBR as a principal team partner. According to the announcement, RBR says the deal is the “largest per annum cryptocurrency sports agreement to date.” Red Bull Racing and Crypto Exchange Bybit Ink Multi-Year Deal On February 16, 2022, the Formula One racing […]

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Switzerland’s Largest Bank UBS Suggests Alternative Ways of Investing in Cryptocurrency – Markets and Prices Bitcoin News

Switzerland’s largest bank, UBS, has suggested some investment strategies for investors seeking to gain exposure to crypto assets with less risk than investing directly in bitcoin, ether, or other cryptocurrencies. “There are several main ways investors can access this potential while avoiding the high volatility and regulatory risks of holding bitcoin or rival cryptos,” the […]

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