Bakkt Holdings anticipates significant growth in revenue and a 70% reduction in operating cash flow usage in fiscal 2024, following a year of solid strategic progress. Following a transformational year, Bakkt Holdings, Inc. (NYSE: BKKT) reported significant increases in both fourth-quarter and full-year 2023 revenue, according to a press release shared with Blockchain.News. The digital asset platform acquired Bakkt Crypto (formerly Apex Crypto, LLC) in April 2023, and the inclusion of this new acquisition has significantly contributed to the company’s financial performance. Financial Performance Highlights Bakkt’s total cryptocurrency services revenue in the fourth quarter soared to $199.4 million, with related…
Author: Crypto Flexs
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The value of ICP and DOGE rose double digits last week. Both altcoins appear poised to extend their price gains. According to CoinMarketCap, Internet Computer (ICP) has outperformed Dogecoin (DOGE), gaining more than 50% in value over a seven-day period over the past week. DOGE, the leading memecoin, only saw a price increase of 30% during the period. The double-digit rally in the value of both altcoins reflects the general market growth witnessed over the past week. According to CoinGecko According to the data, the global cryptocurrency market capitalization increased by 4% during that period. Both tokens are ready to…
part- BitPay has added support for Verse (VERSE) payments.- Payments can be made directly from various supported wallets- Use VERSE to spend from your wallet, pay bills, buy gift cards, and more.BitPay now supports payments via Verse (VERSE).As part of improving the BitPay payment experience, BitPay now supports payments using Verse (VERSE). Customers can now use VERSE to pay for goods and services through BitPay. Additionally, the BitPay Wallet app has been updated to include VERSE functionality, allowing users to purchase, store, exchange and use VERSE tokens for transactions.With this addition, we aim to empower the community with additional choices…
GoMining Introduces Updated In-Platform Voting Mechanism – Chainwire housenewsroomGoMining introduces updated in-platform voting mechanism We use cookies to make Chainwire’s website a better experience. Cookies help us provide you with a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the subscriber or user, or for the sole purpose of transmitting communications over electronic communications networks. Technical storage or access is necessary for the legitimate purpose of storing preferences that have not been requested by…
Tokenized real asset company Ondo Finance announced plans to add $95 million of its own assets to BlackRock’s tokenized fund. In a March 27 blog post, the company said it would transfer a “significant portion” of the assets behind its OUSG tokens to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). According to the official overview of the assets, this amount represents the total total value locked (TVL) of OUSG. The same page suggests that some of the funds may also be held in BlackRock’s FedFund (TFDXX), USDC stablecoin, and other investments. OUSG tokens provide liquid exposure to short-term US…
Ethereum price is showing positive signs above $3,550. For ETH to continue rising in the near term, the resistance at $3,680 must be removed. Ethereum began another increase above the $3,550 resistance zone. The price is trading above $3,550 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trendline forming with support at $3,590. If it settles above the $3,680 resistance zone, it could continue to rise. Ethereum price maintains upward trend Ethereum price began another rise above the $3,500 resistance zone. ETH bulls could push the price above the…
Legal • March 28, 2024 4:31 AM EDT Posted 1 minute ago In ~ QuadrigaCX co-founder Michael Patryn, known as “Sifu” in the DeFi community, has become the target of a new type of court order in British Columbia forcing him to explain how he acquired assets.“Today we filed our third application for an unexplained property order with the Supreme Court of British Columbia,” said Public Safety Minister Mike Farnworth in a statement. “It is a strong demonstration of our government’s will,” he said. .QuadrigaCX is a now-defunct cryptocurrency exchange that went bankrupt in 2019 following the disappearance and apparent…
Key Takeaways Algotech’s decentralized algorithmic trading platform will appeal to the rapidly changing world of cryptocurrency trading. The project is still in pre-sale and has raised more than $3.3 million to date. Real Asset (RWA) Tokenization, Artificial Intelligence (AI), GameFi, Layer-2 SocialFi. These are some of the top stories in the cryptocurrency space right now. The past few months have seen several AI tokens record outstanding gains. However, not much attention has been paid to AI in the cryptocurrency trading field. Algotech sets out on this mission and seeks to change the world of cryptocurrency trading through its technology. What…
2024 has been a stellar year for cryptocurrencies. However, this growth is often overshadowed by strong corrections, a trend that could soon impact altcoins such as Celestia (TIA), Kaspa (KAS), BitTensor (TAO), and Helium (HNT). Despite TAO’s impressive YTD gain of over 100%, TAO’s April outlook appears bearish and portends a potential downturn as the company attempts to capitalize on its overhyped artificial intelligence narrative. Meanwhile, HNT is struggling to maintain its stride after surging in February as it tries to capitalize on the Decentralized Physical Infrastructure Networks (DePin) narrative. As April approaches, altcoin corrections for some tokens may become…
KuCoin, along with its founders Chun Gan and Ke Tang, has been accused of violating bank secrecy laws and operating an unlicensed money transfer business, and has reportedly allowed its platform to be used for money laundering and terrorist financing. The U.S. Department of Justice said KuCoin, one of the world’s largest cryptocurrency exchanges, and its founders Chun Gan (aka “Michael”) and Ke Tang (aka “Eric”) have been indicted on criminal charges. Crimes related to the Bank Secrecy Act and unlicensed money transfers. According to the indictment, KuCoin and its founders conspired to operate an unlicensed money-laundering business and violated…