Cryptocurrency Analysis and News Portal
Unexpectedly high demand for Switzerland’s first crypto stamp has created headaches for the national postal service. Swiss Post announced it had to deal with technical issues when numerous orders hit its online shop all at once on the day the innovative offering was made available. Demand for First Crypto Stamp
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Canadian crypto miner Hive Blockchain reported record revenue of $52.6 million in its fiscal second quarter, up 305% from the same period last year, according to a statement.The company said the increase in revenue was mainly due to a rise in cryptocurrency prices, the increased production of Bitcoin as a
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Voyager, a publicly-traded cryptocurrency exchange, says total funded accounts exceed 860,000 and were up 29% from 665,000 at fiscal year-end June 30. Total assets under management (AUM) reached $4.3 billion from $2.6 billion at June 30, with AUM currently of just under $7 billion. Source
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Publicly traded crypto firm Bakkt (NYSE: BKKT) posted a net loss of $28.8 million in Q3, versus a net loss of $18 million year-over-year.Additionally, Bakkt had an operating loss of $29.9 million in the third quarter, compared to a loss of $17.7 million year-over-year. Shares fell about 7% in premarket
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The world’s most popular decentralized exchange, Uniswap, is seeing layer two volumes surge as Ethereum transaction fees surge once again.On Oct. 19, Uniswap founder Hayden Adams tweeted that daily volume across v3 deployments of the decentralized exchange on layer-two networks has pushed into record levels. Adams estimated that Uniswap v3
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The floor price of Eternal Beings NFTs plunged after affiliated celebrity rapper Lil Uzi Vert deleted his promotional posts about the project. The Solana-based NFT project consists of 11,111 computer-generated alien avatar NFTs that feature similar traits to the Lil Uzi Vert, such as hair, tattoos, and fashion style. The
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The company’s gross mining margin during the year was $50.1 million compared to $8.5 million the year before, which Hive attributes to taking control of its operations in Sweden and ending bitcoin cloud mining, as well as switching to independent mining in Quebec. Source
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This Week Infrastructure bill passes US Senate — without
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Despite a strong profit and raising its guidance for the year, General Motors announced second-quarter earnings, which did not meet Wall Street’s estimates.General Motors (NYSE: GM) posted second-quarter (Q2) earnings of $34.2 billion in revenue and $1.97 in adjusted EPS, which missed Wall Street expectations. In comparison, Wall Street projected
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Ethereum’s gas fees are again spiking to record highs, rendering many decentralized finance protocols unusable for casual investors.After increasing roughly 20% in the last 24 hours, average Ethereum transaction fees are now sitting at a record $17.67.With many DeFi projects requiring the execution of complex smart contracts, there are reports
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