Coinbase Liquidates User’s Bitcoin Holdings Following Inactivity
Coinbase attracted criticism from the Chinese crypto community as the exchange allegedly liquidated a user’s Bitcoin holdings without prior notification. The experience of a Chinese crypto investor with Coinbase has prompted intense online discussions. It illuminates the hazards and regulations linked to the investment of digital assets. The user shared their tale on Xiaohongshu and […]
BTC-Based Rewards App Fold To List On Nasdaq Via SPAC Deal
The BTC-Based Rewards App will go public on the Nasdaq after an SPAC agreement is set to be wrapped up by the end of this year. Bitcoin-based rewards application Fold has declared its intention to become a publicly traded company on the Nasdaq, with an implied valuation of $365 million. According to a July 24 […]
Hashdex Filed S-1 For Combined Spot Bitcoin, Ethereum ETF
Hashdex has submitted its S-1 filing with the US SEC, a step in growing its application for a combined spot Bitcoin and Ethereum ETF. The asset management firm Hashdex has submitted the S-1 filing for its combined spot Bitcoin and Ethereum ETF products. This is a significant accomplishment for the firm, as it occurs weeks […]
Alphabet Profit Rises 29% in Q2 Amid AI Spend
Alphabet Profit showed a 28.6% increase in the second quarter of 2024 despite having a $2.3 billion loss from its AI research division. The firm’s CEO, Sundar Pichai, said its AI products have already generated “billions” in revenue from its cloud business. Alphabet ‘s Q2 earnings filing indicates that the company generated $84.7 billion in […]
Citi Boosts Coinbase Shares Citing Shifting US Politics
According to Citi Group analysts, Coinbase shares are expected to be positively impacted by a prospective “crypto-friendly” administration. Citi , an investment bank, has raised its share price target for Coinbase, a cryptocurrency exchange. The bank attributes this increase to a “shifting” political landscape and a recent Supreme Court decision in the United States, which […]