Posted 1 minute ago In ~ Galaxy Digital Holdings’ revenue and profits soared during the first quarter, driven by record performance from its mining operations amid a surge in cryptocurrency prices. The digital asset-focused financial services company said Monday its net profit rose to $421.7 million, or $1.23 per share, in the three months to March, up about 214% from the same period a year earlier, according to its latest financial statements. . . The increase in net income was driven by a surge in the company’s revenue, which reached $259.7 million, up from $146.7 million in the same period…
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On Mars 2024, we were contacted by the Recovering Blockchain team using eamil addresses such as @recoveringblockchain.com or @management-departement.com. The team said I was the owner of 4.2 BTC worth of funds, equivalent to 261,224$ US. It sends me something called a wallet statement and a link to view the account on the blockchain website. It’s not a complete approach. To gain full access to this account, the Recovery Blockchain team will ask me to: First: Send 0.03 BTC to activate my account. Second: Please send us a copy of your driver’s license and a copy of your bank statement.…
Alexey Pertsev was sentenced to 64 months in prison for his role in the development of Ethereum privacy tool Tornado Cash. On May 14, a three-judge panel of Dutch judges found the Tornado Cash developer guilty of helping launder $2.2 billion through an Ethereum-based cryptocurrency mixer. Lawyers representing Pertsev argued that it is unfair to hold developers responsible for building a smart contract protocol that anyone can access, a position that has long been echoed by cryptocurrency industry stakeholders. Dutch prosecutors countered, claiming that Tornado Cash donors failed to protect the platform from criminal elements such as North Korean cybercrime…
Ethereum, the world’s second-largest blockchain network, continues to grapple with scalability issues due to its popularity and increased network congestion, and has been considering the concept of a layer 2 chain since 2014. As more users and decentralized applications (dApps) are launched, transactions have become rapidly more expensive and significantly slower in processing times. To address these challenges, developers have explored various scaling solutions to optimize layer 2, with Ethereum rollups emerging as one of the most promising approaches.What is an Ethereum Rollup?Ethereum Rollup is a layer 2 scaling solution that processes multiple transactions on the main Ethereum blockchain (layer…
Understanding seller burnout Cryptocurrency market analytics firm Glassnode Insights has introduced a new framework for assessing seller fatigue over multiple time periods. Using Glassnode’s new Breakdown Metrics, the framework allows isolating significant unrealized losses and investor surrender points. During bull markets, long-term investors are typically more profitable. Therefore, the main source of realized losses comes from the short-term holder population, which can provide information about inflection points during selling events. The new framework profiles seller fatigue across day trader and weekly monthly investor populations. It uses on-chain metrics to measure response to market downturns, assessing…
Real Vision analyst Jamie Coutts said the layer 1 cryptocurrency sector could see a huge rise in value due to artificial intelligence (AI) technology. Kutz Called Social media platform “The total market value of smart contract platforms could reach $15 trillion to $25 trillion by 2030 due to the expanding use of AI agents.” Source: Jamie Coutts/X The analyst shares an excerpt from his company’s Pro-Crypto November 2023 report suggesting that AI will increase demand for on-chain verification and authentication services. The report also stated that human-directed or autonomous AI agents could significantly increase growth rates by exchanging value using…
It is unclear whether the price of Bitcoin will rise to $90,000 any time soon, but the cryptocurrency has managed to remain above $60,000, a critical support level in the current cycle. Dan Tapiero, founder and CEO of 10T Holdings, predicts that the price of Bitcoin (BTC) could soon rise to $90,000. Tapiero’s optimistic predictions for Bitcoin are consistent with the cryptocurrency’s recent recovery. Tapiero has had great success in Bitcoin. “We are starting to see scary optimism about Bitcoin.” decided In Tapiero’s bold prediction posted on social media From a technical perspective, Tapiero said Bitcoin’s recent price action clearly…
index The Altcoin market has witnessed tremendous growth over the past few years as the cryptocurrency market continues to witness massive adoption. However, due to the volatility of the cryptocurrency market, investors are always paying attention to altcoins that will return significant profits in the future. In this article, we will take a look at the top five altcoins that cryptocurrency experts predict will return huge ROI in the coming months. they rolling blockLitecoin, Dogecoin, Arbitrum and Kaspa.The low prices of these altcoins make it easier to accumulate ahead of alt season. As the only pre-sale token on the list,…
Bitcoin (BTC) saw flash volatility bottom near $61,000 during May 14 as U.S. inflation data came in.BTC/USD 1-hour chart. Source: TradingViewUS PPI compliance ahead of Powell’s speechData from Cointelegraph Markets Pro and TradingView continues to chart choppy BTC price conditions as it opens on Wall Street.The producer price index (PPI) for April was announced at 2.2%, as expected, and is still showing an increase for the third consecutive month.“Final demand prices excluding food, energy and trade services rose 3.1% in the 12 months ended in April, the largest increase since they rose 3.4% in the 12 months ended in April…
In 2013, NBA player Brian Scalabrine was tired of fans claiming he was bad and could beat him one-on-one. He famously said: “I’m much closer to LeBron than you are.” To prove it, he invited the four Big Mouths to confront him. In four games, he scored 44 points while holding his opponents to just 6 points. Two out of four did not score even one point. If you’re ready to try your hand at sinking three, it’s definitely fair. B-Ball Blitz from Evo Play will give you a chance. Tip-off time After setting your bet, you can shoot the…