Crypto News

On Tuesday, European cryptocurrency investment firm CoinShares posted its interim Q2 2022 results. Compared to the prior year’s quarter, the firm’s revenue declined from 19.6 million pounds ($23.89 million) to 14.2 million pounds ($17.31 million). At the same time, its net income fell from 26.6 million ($32.42 million) pounds in…

Steve Cohen, the founder of hedge fund Point72 Asset Management, has reportedly exited his investment in crypto trading firm Radkl. According to a Tuesday report from Bloomberg citing a Radkl spokesperson, Cohen has reduced his exposure to crypto investments following his exiting the trading firm. However, the spokesperson reportedly said…

Enterprise cryptocurrency custody firm Fireblocks is set to offer token minting services through a new integration with Ethereum- and Polygon-friendly platform Tokeny. The new feature allows businesses and retail customers to mint and manage permissioned tokens, digital securities, stablecoins and loyalty programs across various trading applications, payment networks and digital…

A new report by technology research and advisory firm Technavio reveals an upward trend for the Metaverse within the next four years.  The report titled “Metaverse Market in Finance by Component and Geography – Forecast and Analysis 2022-2026” analyzed the metaverse from two viewpoints. The first is software and hardware,…

Ether (ETH) has taken over Bitcoin (BTC) in the options market for the first time in history as the open interest (OI) of Deribit Ether options with a value of $5.6 billion exceeded the OI of Bitcoin options worth $4.6 billion by 32%. OI is calculated by adding all the…

A recent study conducted by the European Central Bank (ECB) on identifying the ultimate cross-border payment medium crowned central bank digital currencies (CBDCs) as the winner against competitors, including banking, Bitcoin (BTC) and stablecoins, among others. ECB’s interest in identifying the best cross-border payment solution stems from the fact that…

After a surge in Ethereum (ETH) prices last week, the cryptocurrency may now be treading in a consolidation phase, says asset management firm IDEG’s chief investment officer.  In a report shared with Cointelegraph on Monday, the author of the report, Markus Thielen said he while he has been bullish on…

Despite some good signs of the crypto prices recovery, last week could hardly be called bright for the market, as the major news came from the enforcers and not the regulators. According to a report from the New York Times, the United States Treasury Department’s Office of Foreign Assets Control…

United States-based crypto exchange Binance.US said it will be delisting the Amp token “out of an abundance of caution” of possible enforcement by federal regulators.  In a Monday blog post, Binance.US said it will be closing deposits of Amp (AMP) and removing the AMP/USD trading pair on Aug. 15 following…

Polygon (MATIC) had a promising July, gaining an impressive 83% in 30 days. The smart contract platform uses layer-2 scaling and aims to become an essential Web3 infrastructure solution. However, investors question whether the recovery is sustainable, considering lackluster deposits and active addresses data. MATIC/USD on FTX. Source: TradingView According…