Strike Expands Bitcoin and Lightning Services to UK
Strike expands its Bitcoin and Lightning Network services to the UK, offering comprehensive financial features and aiming to tackle global economic issues, now available in 100 countries. Strike has announced its expansion into the United Kingdom, enabling individuals and businesses in the country to access the company’s suite of Bitcoin and Lightning Network services. These […]
Digital Collectibles Market Drops 45% in Q2
NFT sales volume dropped 45% in Q2 2024 to $2.25 billion, down from Q1’s $4.1 billion, amid Bitcoin’s downward momentum. In 2024, the sales volume of non-fungible tokens (NFTs) decreased by 45% on a quarter-over-quarter basis due to the downward trajectory of the Bitcoin market. In the first quarter of 2024, NFTs maintained the upward […]
Spot Bitcoin ETFs End 7-Day Outflow Streak
U.S. spot Bitcoin ETFs saw $31 million net inflows on June 25, reversing a seven-day streak of $1.1 billion outflows, per SoSo Value data. On June 25, United States-based spot Bitcoin exchange-traded funds (ETFs) experienced a reversal, with net inflows totaling $31 million, following a week of net outflows. The data from SoSo Value suggests […]
Nvidia Stock Market Cap Plummets $500B in 3 Days
Nvidia briefly became the world’s most valuable company with a market cap of over $3 trillion, surpassing Microsoft and Apple, but saw its stock drop sharply, losing over $500 billion in three days. Nvidia recently surpassed Apple and Microsoft to become the most valuable company in the world, surpassing the $3 trillion market capitalization threshold. […]
Analyzing Coinbase’s Crypto Asset Accountability
Coinbase is scrutinized for adopting the new FASB rule on crypto asset accounting practices. Coinbase, a prominent cryptocurrency exchange, is presently under investigation for its accounting practices regarding crypto assets. The company’s early adoption of a new rule by the Financial Accounting Standards Board (FASB) is the cause of this circumstance. This rule changes the […]