MicroStrategy Reports Q2 Loss; Bitcoin Holdings Rise to 226,500
Still not switching over to mark-to-market, the company booked an impairment charge of $180.1 million in the second quarter.
How Bit Digital is looking to win in the competitive bitcoin mining landscape
Bit Digital CEO Sam Tabar highlights the transformations taking place in the bitcoin mining industry amid the AI boom
Coinbase's second-quarter revenue surges on crypto trading revival
Crypto markets have gotten a shot in the arm this year from the U.S. Securities and Exchange Commission's approval of an exchange-traded fund to track the spot price of bitcoin and more recently, ether, the second-biggest crypto token. Shares in the crypto exchange rose 2.2% in extended trading after results. Coinbase's total transaction revenue climbed to $780.9 million in the second quarter, compared with $327.1 million in the year-ago quarter.
DeFi Protocol Convergence Hacked, CVG Token Plunges 99% on Curve
The exploiter created 58 million of the protocol's CVG token and then swapped for roughly $200,000 worth of wrapped ETH and crvFRAX and forwarded to Tornado Cash.
Bitcoin Price Analysis, Big XRP Rumor, Chainlink Adoption, & more!
Another exciting week for crypto is in the books, with XRP's recent price surge sparking speculation about a potential settlement between Ripple and the SEC. Meanwhile, the SEC might pause its claims that SOL, ADA, and MATIC are unregistered securities, and 21Shares has integrated Chainlink Proof of Reserve to enhance transparency for its Ethereum ETF. Let's dive into the top crypto news stories of the week!
Crypto Exec Pushing for Industry Support of Kamala Harris for President
The former CEO of crypto platform Uphold, J.P. Thieriot, is trying to drum up crypto support for Vice President Kamala Harris as she pursues the Democratic nomination in the presidential election, arguing that former President Donald Trump is offering empty promises to the industry and Harris is signaling a new openness.