The cooperation of Nishad Singh, the former chief engineer at the now-collapsed FTX, with the authorities was advantageous, as he was sentenced to time served along with three years of supervised release yesterday (Wednesday). He has also been ordered to forfeit $11 billion. Singh previously pleaded guilty to six counts of fraud and conspiracy for
Q3 Slowdown Hits Coinbase, But It Still Pledges $25M for Political Funding
Coinbase (Nasdaq: COIN) missed Wall Street’s Q3 2024 revenue estimate of $1.26 billion, reporting $1.2 billion. Its earnings per share of $0.28 also fell short of analyst expectations of $0.45. The crypto exchange’s EBITDA of $449 million also missed expectations by $20.2 million. Coinbase Faces “Softer Market Conditions” The missed estimates impac
US Nonfarm Payroll Report: Market Insights
Navigating the complex waves of the financial markets requires an astute understanding of various economic indicators. Among them, the nonfarm payroll report stands out as a pivotal monthly metric that can significantly sway financial markets. This article demystifies the intricacies of this influential report, walking through what to know before t
SHIB Dips 3% Post $0.00001979 Monthly Peak; What’s Next?
The Shiba Inu token, the second-largest meme cryptocurrency by market cap, recently soared to a monthly high, reaching…
Riot revenue rises 65% from 2023 but says hashrate plans hampered
Riot has reduced its hashrate projections due to delays in expansion at its recently acquired Kentucky facility.
Another one? Satoshi’s identity to be revealed Oct. 31, claims PR firm
A public relations firm claims Satoshi Nakamoto will reveal their “legal identity” at an upcoming press conference, but spelling gaffes, broken links, and AI-generated press releases have raised eyebrows.
Whales Buy Up PEPE, DOGE, and RCOF: What’s Fueling the Demand?
In recent weeks, on-chain data has revealed significant buying activity in the cryptocurrency market, specifically by crypto whales.…
Bitcoin Futures Annualized Premium Climbs Sharply, Sign Of Strong Institutional Interest?
As the crypto market maintains its bullish strength, many key metrics of Bitcoin have been demonstrating strong and optimistic trends in recent weeks, which could impact prices positively, suggesting a promising outlook for BTC in the upcoming days. A Strong Growth In Bitcoin Futures Premium Bitcoin‘s futures annualized premium, a crucial metric th
BlackRock’s Bitcoin ETF hits record inflow amid crypto market rally
BlackRock’s spot Bitcoin ETF recorded $875 million of inflows on Oct. 30, surpassing its previous record by around 3%.
Crypto apps see malicious popups after Ace Drainer hacks animation library
The popular Lottie Player animations library was hacked to push a crypto-draining popup on multiple websites, which has now been fixed.