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Block Inc., a leading fintech company, is expanding its Bitcoin treasury while launching new initiatives that could change how people use digital money.Block Holds Over $1 Billion in BTCIn Q2, Jack Dorsey’s Block Inc. boosted its Bitcoin holdings by 108 BTC. The latest buy increases Block’s total Bi…
REX Shares and Tuttle Capital Management have launched the T-REX 2X Long Galaxy Digital Daily Target ETF (ticker GLXU), a 2x leveraged ETF tracking the stock price of Galaxy Digital, the digital assets firm co-founded and led by CEO Mike Novogratz.REX and Tuttle added the fund to its roster of "T-RE…
Terawulf (ticker WULF), the public bitcoin mining firm, saw its net loss expand to over $79 million in the first six months of the year, according to its latest financial report. Revenue is up to $47.6 million in the second quarter from $34.4 million in the first quarter, as the company continues to…
Cryptocurrency exchange Coinbase said on Friday it is launching a DEX integration in order to give traders the ability to buy and sell "millions" of digital assets previously unavailable to users.The move comes on the heels of Coinbase reporting a decline in spot trading volumes and revenue for the …
Coinbase-incubated Layer 2 chain Base said a sequencer-related failure was the cause of the network's recent outage that impacted key functionalities.The Base mainnet was halted for 33 minutes at around 1:07 a.m. on Tuesday, affecting deposits, withdrawals, block production, and Flashblocks.In a pos…
A U.S. Department of Treasury bureau is warning financial institutions to be on the lookout for bad actors using cryptocurrency ATMs to launder suspected drug profits, the targeting of older people, among other schemes. The Financial Crimes Enforcement Network, tasked with protecting the financial s…
Ethereum's monthly onchain transaction volume stood at over $238 billion in July, representing a 70% month-over-month increase. It also represents a near four-year high as it is the highest monthly figure since December 2021.Ethereum also saw 46.67 million transactions on the network, its highest ev…
Japanese bitcoin treasury firm Metaplanet has acquired an additional 463 BTC for $53.7 million, continuing its accumulation of the world's largest cryptocurrency.Metaplanet disclosed Monday that it purchased the latest 463 BTC at an average price of $115,895 per bitcoin. The company now holds a tota…
Crypto exchange volume amounted to $1.71 trillion in July, marking the highest volume since February.The Block's data dashboard shows that the July exchange volume rose 55% from $1.1 trillion in June, nearing February's $1.77 trillion.Specifically, Binance maintained the largest market share in July…
Hyperliquid, a popular decentralized exchange built on its own Layer 1 blockchain, has confirmed it will issue automated refunds to users affected by an API server issue that led to over 30 minutes of trading downtime on Tuesday."An update will be shared in the coming days once an appropriate refund…
Indonesia is set to implement higher taxes on cryptocurrency transactions starting Aug. 1, including a steep increase on trades conducted through overseas exchanges, Reuters reported Wednesday.Under the new framework mandated by the country's finance ministry, crypto sellers using domestic crypto ex…
Hyperliquid, a popular decentralized exchange built on its own Layer 1 blockchain, has patched an API server issue that led to over 30 minutes of trading downtime on Tuesday, confirming the outage was due to a spike in traffic and not a hack or vulnerability exploit.Multiple traders began reporting …