Cryptocurrency has become a popular investment option for Turkish adults, with 52% of those aged 18 to 60 having invested in crypto, according to a survey conducted in May 2023. This is a 12% increase from 40% in November 2021, with young women aged 18 to 30 leading the charge with 47% investing in crypto. […]
Canaan, a Nasdaq-listed Bitcoin mining firm, reported a total revenue of $73.9 million in Q2 2023, a quarter-on-quarter climb from $55.2 million. This figure was comprised of $57.9 million in product revenue and $15.9 million in revenue generated from Bitcoin mining operations. The growth in revenue was attributed to the company’s expansion into new mining […]
Argo Blockchain, the leading cryptocurrency miner, has managed to reduce its debt to $75 million during the first half of 2023, a significant decrease from the $143 million it owed at the end of June 2022. The company also managed to reduce overall costs and expenses, however, revenue in H1 was significantly less than the […]
KuCoin’s most recent report revealed that the interest in cryptocurrencies in Turkey has been growing rapidly in the past year and a half. The report estimated that 52% of the locals aged 18 to 60 have already invested in bitcoin or alternative coins, compared to 40% in November 2021. This increase in crypto investors is […]
The U.S. Court of Appeals for the D.C. Circuit recently ruled in favor of digital asset management company Grayscale Investments in its lawsuit against the Securities and Exchange Commission (SEC). The court ordered the agency to review its rejection of Grayscale’s application to turn its flagship Grayscale Bitcoin Trust fund (GBTC) into a spot Bitcoin […]
Bitcoin price stayed below $26,000 into the Sep. 3 weekly close, brushing off overly bearish trader sentiment. Data from Cointelegraph Markets Pro and TradingView showed BTC price avoiding volatility over the weekend, operating in a tight $200 range. Traders weighed the impact of various potential weekly close levels, with $25,900 as the key line in […]
Crypto asset manager Grayscale Investments recently won a lawsuit against the U.S. Securities and Exchange Commission (SEC) in its effort to convert its Grayscale Bitcoin Trust (GBTC) into a Bitcoin exchange-traded fund (ETF). The SEC had alleged that the GBTC didn’t have enough safe practices and fraud protection in place. Judge Neomi Rao accepted Grayscale’s […]
Amidst speculation regarding a potential resolution between Ripple and the United States Securities and Exchange Commission (SEC), attorney John Deaton, representing numerous XRP token holders, has outlined the possible steps the two parties might take if they opt for a settlement. Deaton pointed out the significance of the ongoing Coinbase vs. SEC lawsuit, explaining that […]
Binance CEO Changpeng “CZ” Zhao believes that decentralized finance (DeFi) has the potential to surpass centralized finance (CeFi) in the next bull run. During a live X Spaces (formerly Twitter Spaces) titled CZ AMA, CZ stated that the volume of DeFi is currently between 5-10% of CeFi, and that the next bull run may make […]
The Securities and Exchange Commission (SEC) and Ripple Labs are engaged in a legal battle over the regulatory status of XRP. Last week, the SEC attempted to appeal a court decision allowing Ripple to use a “fair notice” defense. However, prominent lawyers have predicted the appeal’s inevitable rejection. Ripple’s chief counsel, James K. Filan, and […]
