Canaan, a Bitcoin mining company listed on the NASDAQ, reported its unaudited financial results for Q2 2023. The company saw growth in computing power sold and BTC mining revenues, but faced a significant net loss of $110 million. Revenues for Q2 2023 totaled $73.9 million, up from $55.2 million quarter-on-quarter. This consisted of $57.9 million […]
Bitcoin (BTC) has been struggling to stay afloat at $26,000 and continues to face selling pressure amid weakening technical indicators. As of press time, Bitcoin is trading at $25,972 with a market cap of $505 billion. The tightening Bollinger bands signal an impending breakout, often observed before significant price movements. However, concerns persist that the […]
Canaan Inc. (NASDAQ: CAN), one of the leading Bitcoin mining companies, has reported its unaudited financial results for Q2, 2023. The company saw its total revenue rise to $73.9 million, a 33.7% increase compared to Q1, 2023. Revenue from BTC mining also jumped 43.3% quarter-on-quarter, from $11.1 million to $15.9 million.Canaan CEO Nangeng Zhang commented […]
EmotiCoin has officially launched its groundbreaking Reverse Splits Protocol (RSP), an event that has been highly anticipated by the crypto community. The team behind the project is comprised of industry veterans who have identified a problem in the market: the confusing array of immense token supplies and minuscule prices that make it difficult for investors […]
The Akropolis Protocol is a decentralized finance (DeFi) protocol that focuses on under-collateralized loans and other financial services. The Akropolis Delphi Token (ADEL) was launched on the Ethereum mainnet in August 2020, and since then the Akropolis team has made several updates, including the POC-Polkadai bridge, a Parity Substrate Blockchain bridge for self-transfers of DAI […]
The United States Securities and Exchange Commission (SEC) recently charged entertainment company Impact Theory for allegedly conducting the sales of unregistered securities in the form of nonfungible tokens (NFTs) called “Founder’s Keys”. The SEC believes that the NFTs were investment contracts and qualified as securities, and that the company violated the Securities Act of 1933 […]
Elon Musk is reportedly planning to transform Twitter into an “updated version of PayPal,” offering low transaction costs. Speculation is that Dogecoin, Musk’s favored cryptocurrency, could become the native currency of this platform, potentially driving its price to $0.20. Musk has been having conversations with Wall Street executives on the future of Twitter, and is […]
Pomerdoge, a new P2E crypto project, has recently launched a blockchain game called Pomergame. Players can create their own avatars and custom in-game assets to upgrade their characters. They can also sell their in-game items at Pomerplace, a battle arena and marketplace. During the presale phase, 7,777 NFTs will be available for purchase, and the […]
The United States Securities and Exchange Commission (SEC) has brought its first enforcement action against a player in the non-fungible token (NFT) space. The regulator charged Impact Theory, a Los Angeles-based media and entertainment company, with conducting an unregistered securities offering.Impact Theory sold approximately $30 million of NFTs, claiming that purchasing a Founder’s Key equated […]
Genesis Global and its affiliates have reached a deal in principle on a bankruptcy reorganization plan supported by creditors, according to a court filing on Tuesday. The cryptocurrency lender aims to emerge from Chapter 11 protection after entering mediation in May to resolve disputes over a reorganization plan. Under the deal, Digital Currency Group (DCG) […]
