Digital Currency Group said in a letter to shareholders on Monday that the company recorded $210 million in revenue in the fourth quarter of last year. This is a 59% increase compared to the same period last year.The company, which owns Grayscale Investments, said high asset prices, particularly Bitcoin, were the main reason for the increase in profits. DCG also reported fourth-quarter EBITDA jumped to $99 million, compared to negative $7 million during the same period in 2022.“For fiscal year 2023, DCG’s consolidated revenue was $749 million and EBITDA was $275 million,” the company said in its letter to shareholders.…
Author: Crypto Flexs
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“There is no news that could have a price correlation with Bitcoin other than the halving, which could provide returns in the medium to long term,” Ryan Lee, senior analyst at Bitget Research, wrote in a note to CoinDesk. “It is also important to consider psychological levels in the market, such as the BTC price from $50,000 to the previous ATH, which could lead to a larger price retracement,” he said.
Ethereum price rose more than 5% and headed towards $2,700. ETH is consolidating gains and could target a move towards $2,800 or $3,000. Ethereum is consolidating gains below the $2,700 resistance zone. The price is trading above $2,600 and the 100-hour simple moving average. On the hourly chart of ETH/USD (data feed via Kraken), a breakout occurred above a bullish flag pattern with resistance at $2,500. If it stays above the $2,630 support area, it could start a new rally. Ethereum price begins a new surge Ethereum price remained stable above the $2,420 resistance level. ETH outperformed Bitcoin by forming…
Bitcoin Dogs (0DOG) will launch its much-anticipated BRC-20 token presale on February 14, 2024. Bitcoin’s first ICO, 0DOG presale, will run for 30 days. This project provides a gaming and NFT ecosystem on the Bitcoin blockchain. Bitcoin Dogs will be the first pre-sale on the Bitcoin blockchain when the ICO launches on February 14, 2024. The project will bring a new NFT and gaming ecosystem to Bitcoin, and its native token, 0DOG, is currently one of the most popular token sales. Scheduled to launch at 11am GMT on Wednesday, Bitcoin Dogs is receiving a ton of interest from the cryptocurrency…
Cryptocurrencies have become a popular investment option for individuals looking to diversify their portfolios and participate in the digital economy. One opportunity that is gaining momentum is Ucoin, a promising cryptocurrency that offers a variety of benefits and investment opportunities for savvy investors. What is YuCoin? Ucoin is a decentralized peer-to-peer digital currency that runs on blockchain. It is designed to be a secure and efficient medium of exchange that can be used for trading, investing, and as a store of value. Ucoin is built on unique blockchain technology that guarantees transparency, security, and flexibility to users. Why Yukoin? Ucoin…
Solana is gaining bullish momentum above $110. SOL price is surging and the bulls could soon target a rise above the $120 level. SOL price started a new rise from the $95.00 support level against the US dollar. The price is currently trading above $105 and the 100 simple moving average (4-hours). On the 4-hours chart of the SOL/USD pair, there is a major bullish trendline forming around support at $109.20 (data source from Kraken). If it breaks the $115 and $118 resistance levels, the pair could continue to rise. Solana price begins a new rebound Solana price formed a…
Analog, a blockchain interoperability project building cross-chain communications infrastructure, has raised $16 million in seed and strategic funding rounds.Tribe Capital led the round, with participation from NGC Ventures, Wintermute, GSR, NEAR, Orange DAO, Mike Novogratz’s Samara Asset Group, Balaji Srinivasan and others, Analog said on Monday. Analog co-founder Victor Young told The Block that the company began raising funding in October and closed in December. Young said the funding was realized through a Simple Agreement for Future Tokens (SAFT), adding that the round brings Analog’s fully diluted valuation to $120 million.Young, a blockchain developer and investor, founded Analog in 2021…
Analog, a blockchain interoperability project building cross-chain communications infrastructure, has raised $16 million in seed and strategic funding rounds.Tribe Capital led the round, with participation from NGC Ventures, Wintermute, GSR, NEAR, Orange DAO, Mike Novogratz’s Samara Asset Group, Balaji Srinivasan and others, Analog said on Monday. Analog co-founder Victor Young told The Block that the company began raising funding in October and closed in December. Young said the funding was realized through a Simple Agreement for Future Tokens (SAFT), adding that the round brings Analog’s fully diluted valuation to $120 million.Young, a blockchain developer and investor, founded Analog in 2021…
Surprisingly, the newly introduced Ethereum The (ETH) token standard, ERC-404, has made an impressive debut in the cryptocurrency market, outperforming many other digital assets. But as the dominant cryptocurrency, Bitcoin (BTC), began to rebound, investors quickly shifted their focus to the king of cryptocurrencies. Ultimately, these changes have had notable results. price reduction Market capitalization decreases across the ERC-404 ecosystem and related tokens. From soaring spikes to sharp corrections. According to data On CoinGecko, the ERC-404 sector has seen significant declines over the past 24 hours, with the overall market capitalization down 29%. Major tokens in this sector, including PANDORA,…
The CeDeFi (CDFI.ai) team announced that they are testing the platform for a short period of time. They plan to release all features by the end of February. The nearly complete platform seeks to revolutionize digital asset management. Integration of DEX, dApps and centralized exchanges Developers emphasize the importance of this integration. CDFI.ai aims to integrate various aspects of the cryptocurrency space, including blockchain, decentralized exchanges (DEXs), decentralized applications (dApps), and centralized exchanges (CEXs). This blend provides users with a seamless and comprehensive experience, solving long-standing challenges in the cryptocurrency ecosystem. CDFI.ai combines parts to simplify the use of cryptocurrency…