Block Reports $2.42B Gains on Bitcoin Sales in Q3
In the second quarter of 2023, Block reported a revenue of $2.42 billion from the sale of bitcoins through its Cash App application, with a gross profit of $45 million.
Report: Asset Managers Are Showing Increasing Interest in ETH
According to a survey conducted by CoinShares, Ethereum is currently viewed as having the most promising growth potential out of all major cryptocurrencies.
ProShares Launches Short Ether Futures ETF
ProShares, a leading asset management company, has launched a new ETF called the ProShares Short Ether Strategy ETF (SETH).
Bitcoin Will Develop an Upward Trend: Glassnode
Glassnode has found that the corrections in Bitcoin and Ethereum have not been as severe as previous uptrends, indicating strong investor support and capital inflow.
Damage from Crypto Hacks Fell to $51M Last Month: Report
The crypto industry experienced losses of $51.61 million in October due to 23 security incidents. This represents a decrease of 85.6% compared to the previous month.
Bernstein Predicts Bitcoin Will Hit $150K in 2 Years
During a presentation for investors, Bernstein analysts predicted that Bitcoin will experience significant growth in the next few years.
TON Blockchain Sets World Record for Transaction Speed
On October 31, the public testing of The Open Network blockchain achieved a new world record of 104,715 transactions per second.
BTC Has Potential to Continue Growing: Experts Say
Bitcoin has recently confirmed the formation of a “golden cross” signal, indicating a potential upward trend.
Etherfuse Launches Tokenized Bonds in Mexico
Etherfuse has introduced ‘Stablebond’, a tokenized bond offering specifically targeting retail investors in Mexico.
Trading Volume on Centralized Exchanges Drops 20%: Report
In the third quarter of 2023, trader activity remained subdued. It wasn’t until early October that the first indicators of potential turbulence started to emerge.
Backpack Rolls Out Cryptocurrency Exchange in Dubai
Backpack, a digital wallet company specializing in Web3, has recently announced the launch of its own cryptocurrency exchange.
