Day: February 25, 2022

BitsCrunch raises $3.6M in funding for NFT analytics tools

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Crypto and nonfungible token (NFT) ecosystem analytics firm BitsCrunch has secured $3.6 million in a funding round led by Animoca Brands, Coinbase Ventures, Crypto.com Capital, and others. BitsCrunch uses AI-based analytical tools to determine the fair price of NFTs, identify wash trading warnings, and determine whether an NFT is a copy or forgery of the genuine asset. The company is based in Germany and India. The firm believes that investors in the continually growing space need better access to data that will protect them from fakes and getting fooled by…

Gemini joins Coinbase and Block at the Crypto Council for Innovation

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The Crypto Council for Innovation, or CCI, has announced that Gemini will be joining its list of crypto-friendly firms aimed at supporting lawmakers on related regulation. In a Thursday announcement, the CCI said that effective as of this week Gemini has joined Coinbase, Block, Fidelity Digital Assets, Paradigm, and others in an effort to “help accelerate [the group’s] growth and global leadership,” according to CEO Sheila Warren. Gemini head of policy and regulatory affairs Ji Kim said the exchange will work with lawmakers and regulators to help further the adoption…

Willy Woo Latest Update On Bitcoin – Is This A Bear Market?

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Russian miners keep running, may see pivot to Bitcoin in response to sanctions

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Russian Bitcoin (BTC) miners are reportedly running as usual despite the government’s invasion of Ukraine this week. According to estimates from the Cambridge Bitcoin Electricity Consumption index, miners in Russia accounted for around 11.2% of the global BTC hash rate as of August 2021. With sanctions on the Russian government coming from the U.S. and allied NATO nations, it is unclear how the local BTC sector and the broader market will be impacted. While some crypto mining firms such as Ethereum focused Flexpool have halted their services in Russia in…

Bitcoin Reverse Losses, But Why $40K Still Is The Key

Bitcoin found support near $34,300 and started a strong recovery against the US Dollar. BTC climbed above $38,000, but it is still struggling near $40,000. Bitcoin found support near the $34,300 and $34,500 levels. The price is trading above $38,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $37,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further if there is a clear move above $39,500 and $40,000. Bitcoin Price Gains Momentum…

Coinbase made $2.2 billion in revenue from transaction fees in Q4

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Coinbase’s Q4 financial report vastly exceeded market expectations Thursday, after the firm posted $2.5 billion in net revenue for the quarter, beating analyst predictions by 27%.  FactSet consensus had forecasted Coinbase to generate approximately $1.9 billion in revenue for the period. Notably, the popular crypto exchange more than doubled transaction revenue from Q3 to Q4, generating 91% ($2.276 billion) of its total Q4 revenue from transactions alone. Adding to investor confidence, the company’s total transaction revenue for 2021 was a whopping $6.8 billion. Despite the report posting $840 million in…

Bitcoin Analysis (Livestream Excerpt)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Please beware of scammers in the comments. Let me know what you think of my Bitcoin BTC analysis! Sponsorship & General Business Inquiries Contact: Twitter: Telegram Discussion Group: I frequently cover Bitcoin & Altcoins trying to provide the Wolf Pack with the knowledge they need to be successful in the crypto market. It is worth noting that this video, as with all of my content, is a representation of my personal opinions on the market and should in no way be considered…

US Bitcoin miners expanding operations despite price volatility

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Crypto mining operations based in the United States are committed to increasing their hash power with more hardware despite Bitcoin’s (BTC) three-month downturn. The Marathon Digital Holdings and GEM Mining companies in the U.S. told Cointelegraph this week that they each expect the size of their respective operations to grow through 2022 by at least doubling the number of machines at their facilities. Marathon Digital’s VP of corporate communications Charlie Schumacher told Cointelegraph in an interview that it is moving forward with plans to deploy 199,000 new machines by 2023 to secure…

US Secret Service Launches Crypto Awareness Hub to Educate the Public on Digital Asset Security – Regulation Bitcoin News

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The U.S. Secret Service has launched a cryptocurrency awareness hub. The new platform “will feature the latest in the agency’s work combating illicit use of digital assets as well as provide public awareness information on digital asset security and how to ensure it remains secure.” Secret Service’s Crypto Awareness Hub The U.S. Secret Service announced last week that it “has launched a cryptocurrency public awareness hub.” Established in 1865 as a bureau in the Treasury Department to suppress widespread counterfeiting, the Secret Service is now under the Department of Homeland…

Bitcoin Strategy Update 🔥 | For Beginners in Crypto Investment !!!

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