CoinShares Posts Record Revenue in Q1
European asset manager CoinShares achieved a record performance in the first quarter of 2024, buoyed by a market recovery following the launch of Bitcoin exchange-traded funds (ETFs).
Antonio Juliano Steps Down as CEO of Decentralized Exchange dYdX
Antonio Juliano, the founder of decentralized exchange dYdX, is stepping down as CEO after leading the crypto derivatives platform for seven years.
CFTC Settles with FalconX
The United States Commodity Futures Trading Commission (CFTC) reported that it has filed and simultaneously settled charges with cryptocurrency brokerage firm Falcon Labs.
Bitfarms Fires its CEO
Toronto-based Bitcoin mining company Bitfarms terminated CEO Geoffrey Morphy with immediate effect on Monday.
Hong Kong’s Bitcoin ETFs Experience 2nd Daily Net Outflows
Hong Kong’s spot Bitcoin exchange-traded funds (ETFs) experienced their second consecutive day of net outflows on Thursday.
SEC: Court Should Reject Coinbase’s Appeal
The SEC is urging a court to reject Coinbase’s attempt to appeal a judge’s decision allowing a lawsuit against the cryptocurrency exchange to proceed.
Forensic Risk Alliance Will Oversee Binance
The US Department of Justice (DOJ) has appointed Forensic Risk Alliance (FRA) to monitor cryptocurrency exchange Binance’s compliance with regulations for the next three years.
BlockFi is Ceasing its Operations
BlockFi has announced that it will be closing its web platform by May 2024 and will be working with major cryptocurrency exchange Coinbase to assist clients with fund withdrawals.
Bitcoin Mining Difficulty Falls by Almost 6%
On Thursday, Bitcoin mining difficulty fell to 83.1 trillion, a decrease of 5.7%, making it the biggest negative adjustment in almost 18 months.
Marathon Digital Mined 2,811 Bitcoins in Q1 2024
In the first quarter of this year, Marathon Digital reported that it mined 2,811 Bitcoin, which is equivalent to $176 million based on current prices, as stated in their earnings report.
Tom Lee Confirms Forecast of Bitcoin Hitting $150,000 in 2024
Tom Lee, who co-founded the analytical firm Fundstrat, has restated his prediction on CNBC that the first cryptocurrency will reach $150,000 by the end of 2024.
Indonesia’s Regulator Establishes a Crypto Committee
Indonesia’s Commodity Futures Trading Authority (Bappebti) has formed a committee specifically for overseeing cryptocurrency operations and ensuring compliance.
