Bitcoin Revenue Grows 9% to $2.6B in Q2 2024
Jack Dorsey’s Block reports a 9% rise in Bitcoin revenue to $2.61B in Q2 2024, contributing to a total net revenue of $6.16B. Bitcoin gross profit also surged by 52%.
North Carolina Legislature Overturns Governor’s Veto to Block US CBDC
The North Carolina House has revived a bill to block the state’s acceptance of a US central bank digital currency (CBDC) after overriding Governor Roy Cooper’s veto, awaiting Senate review.
CleanSpark’s Strategic Expansion in Wyoming Spurs Major Growth in U.S. Bitcoin Mining
CleanSpark’s expansion in Wyoming makes it the second-largest Bitcoin miner in the U.S. This article covers its new facilities, power contracts, and future plans.
Montenegro Court Approves Do Kwon Extradition to South Korea
Montenegro’s Appellate Court has affirmed the extradition of Do Kwon, co-founder of Terraform Labs, to South Korea, closing a contentious legal saga that has spanned several months.
Quantum Computing Advances: Western Efforts Increase Post Room-Temperature Time Crystals Discovery
Scientists and lawmakers in the US, UK, and EU are advancing quantum computing to match China’s creation of room-temperature time crystals, promising major strides in technology.
DuelNow Secures $11M as Web3 Betting Soars
DuelNow, an Arbitrum-based betting platform, has raised $11M, highlighting a surge in Web3 gambling. Major investors like Charlie Lee and market projections signal growing interest.
$50M Funding Boost: Morpho Labs Advances Onchain Lending with Ribbit Capital
Morpho Labs raises $50M led by Ribbit Capital to enhance its onchain lending protocol, Morpho Blue. With investments from names like a16z and Coinbase, the funds will support expansion.
Automated Crypto Bots: Advantages, Market Disruptions, and Future Implications
Automated trading bots dominate the cryptocurrency landscape, executing trades at lightning speed. While beneficial to operators, they often disrupt genuine traders, leading to market disparities.
Bitcoin Price Hits Two-Week Lows Amid 100% Rate Cut Odds from Federal Reserve
Bitcoin remains weak despite the odds of a 100% rate cut by the Federal Reserve, hitting two-week lows. Traders show caution, awaiting further market signals and external factors.
Crypto.com Surpasses Coinbase in Trading Volume: Institutional Demand Drives Growth
Crypto.com surpasses Coinbase in trading volume, driven by expanding institutional clients and the first US spot Ether ETFs. The exchange’s 24-hour trading volume hit $3.16B.
