Shares of Block (SQ) traded higher in the after-hours session on Thursday following first-quarter results that beat analysts’ expectations.Adjusted earnings per share of 85 cents beat consensus estimates by 13 cents, and revenue of $5.97 billion beat Wall Street’s forecast of $5.82 billion. Total profit was $2.09 billion, up 22% from the first quarter of last year.Notably, the Jack Dorsey-led company announced that it will begin adding more Bitcoin to its balance sheet and that it will open source its financial blueprint so that others can follow suit.Block, formerly known as Square, said it would invest 10% of its gross…
Author: Crypto Flexs
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Our weekly news roundup from East Asia selects the most important developments in the industry. Hong Kong Spot Bitcoin and Ether ETF Disappoints Six Hong Kong spot Bitcoin and Ether ETFs from three issuers have attracted just over $200 million in assets under management (AUM) since launching on April 30. This disappointed many who had high expectations due to the billions of dollars the United States had requested. Look for Bitcoin ETFs within a week of their debut in January. “We tried to warn everyone to lower their expectations about Hong Kong.” I left a comment. Bloomberg senior ETF analyst…
Our privacy policy, Terms of Use, cookie, and Do Not Sell My Personal Information has been updated.CoinDesk is award-winning Media outlets covering the cryptocurrency industry. Journalists must: Strict editorial policy. November 2023CoinDesk Acquisition Owner of Bullish Group stress, Regulated digital asset exchange. Bullish Group is majority-owned by: Block One; both companies understanding It has various blockchain and digital asset businesses and a significant portion of digital assets, including Bitcoin. CoinDesk operates as an independent subsidiary with an editorial board to protect journalistic independence. CoinDesk employees, including journalists, may receive options from the Bullish group as part of their compensation.
Panama City, Panama, May 2, 2024, Chainwire AppLayer has unveiled the fastest and most powerful infrastructure for scaling applications based on Ethereum, a cutting-edge blockchain that not only delivers lightning-fast transaction speeds, but also offers a new approach to Ethereum Virtual Machine (EVM) development for both DeFi and GameFi developers. . AppLayer provides an EVM network that is 10x faster than standard Golang-based EVM networks, and delivers an even more impressive 65x execution speedup with C++ stateful pre-compilation. Imagine having both the fastest EVM in the game and the best tools to build on top of it. This is what…
The popular layer 2 scaling solution for meme asset Dogecoin (DOGE) has announced that it will shut down its wallet services next month. Mishaboar, one of Dogecoin’s developers, said in a new thread on social media platform says Investors will need to move their DOGE out of their Dogechain wallet and keep a copy of the wallet’s private keys before the June 1 shutdown. “Move your DOGE from http://dogechain.info (only use .info domain!) before June 1st. It is also important to keep a copy of the private keys of your Dogechain wallet. If you have an address that is still…
A Bitcoin whale entity nicknamed “Mr.” 100” bought Bitcoin (BTC) dips for the first time since the Bitcoin halving. Meanwhile, several market analysts suggest that a local Bitcoin bottom could be forming as the price rebounds from the $56,000 low.2,500 BTC added for first time since Bitcoin halvingAccording to X on May 2, Mr. The 100 Whales wallet added 2,500 BTC worth $147 million, or about $58,000. post Provided by HODL15Capital.Mr 100 deal. source: HODL15 CapitalThis represents the wallet’s first Bitcoin purchase since April 19, the day before the Bitcoin halving in 2024.The whale address has been receiving BTC continuously…
The Color of Money was a little ahead of my time, but Pool Junkies was on par with my generation. I remember watching the movie and immediately asking my parents for a pool cue. The problem was that the pool tables were in bars or even pool halls. A smoke-filled corner store-like facility that no self-respecting parent would ever take their child to. So that dream died at the same time as becoming a rock star and a professional skateboarder. NetGame’s 8 Pool Stars slot classifies the classic billiards table and throws in some serious eye candy to sweeten the…
Toncoin resumed its growth thanks to an investment from venture capital firm Pantera Capital. Toncoin (TON), which launched several initiatives at once, rose 7% in price to $5.15 in the last 24 hours, recovering after several weeks of decline. Source: CoinMarketCap The new growth comes shortly after Pantera Capital announced its investment in The Open Network blockchain. However, the investment amount has not been determined. “We believe the TON Network is still in its infancy, and we are excited to witness the Telegram user base adopting the ecosystem and new features.” pantera capital Pantera Capital notes that the platform is…
According to recent on-chain data: ripple Monthly escrow unlocking was conducted in May. As expected, concerns have been raised, particularly about how Ripple could affect the price of XRP. Token Price Manipulation. Ripple Unlocks 500 Million XRP Tokens On-chain data exposed On May 1, 500 million XRP tokens were unlocked from Ripple’s escrow. Cryptocurrency companies are known to have unlocked it. 1 billion tokens per month, it seems only half of it is unlocked this time. The size of these tokens always raises concerns when considering the negative impact they may have on the market. Altcoin price If it is…