[ad_1] Countless lives were changed on October 7th, 2023, and Yusef Mahmoud’s was no different. Even before the war, the Palestinian taxi driver couldn’t stand being a passive observer of unemployment and hunger, both prevalent in Gaza’s everyday life. In 2022 and early 2023, more than two million Gazans lacked access to clean water and an appropriate sewage system, while two-thirds of the population lived in poverty.Against this backdrop, Yusef turned online for help. It was Ramadan of 2023 and he wondered if other Muslims across the globe would contribute with bitcoin, the first decentralized cryptocurrency, that he could use…
Author: dfrancis36
[ad_1] Keith Gill, known as @TheRoaringKitty on X (formerly Twitter), recently sparked a significant rally in both meme coins and stocks, notably GameStop (NYSE:GME), after making his first post since late 2021. The post, a meme suggestive of an intense focus period, inspired users to surge into trading, propelling GameStop shares up by 44% in pre-market trading and even doubling during market hours before a trading halt. Similarly, AMC Entertainment Holdings (NYSE:AMC) saw its shares jump as much as 30% after the market opened. This activity extended into the cryptocurrency sector, particularly on the Solana blockchain where a GameStop-themed meme…
[ad_1] Web 3 firm Animoca Brands is preparing to go public in 2025, potentially in key financial hubs in Hong Kong or the Middle East, The Information reported. The company, renowned for its investments in NFTs and crypto gaming, is currently in talks with investment banks but has yet to pick an adviser for the IPO, according to Co-founder Yat Siu.Nearly $6B ValuationThis decision followed a period of significant growth and a boost in valuation, with the company being valued at $5.9 billion during its last funding round in 2022. Siu has disclosed that the firm has been in discussions…
[ad_1] In a continued effort to liquidate its substantial Bitcoin holdings, the German government has once again engaged in significant transactions involving BTC, according to data from blockchain analytics platforms Arkham Intel. This morning, the Federal Criminal Police Office (BKA) executed nine transactions involving a total of roughly 2,786 BTC. German Gov’t Continues Its Bitcoin Sell-Off Arkham Intel’s data shows that four of them are internal transfers while five transactions were direct transfers to crypto exchanges and market makers, suggesting an intent to sell. The five potential sales amount to 1,095.339 BTC worth approximately $67 million. Specifically, the BKA made…
[ad_1] Polymarket, a cryptocurrency-based prediction market platform, has successfully raised $45 million in a Series B funding round amid a surge in popularity leading up to the U.S. presidential election. The round was led by Peter Thiel’s Founders Fund, with notable contributions from Ethereum’s creator Vitalik Buterin, 1confirmation, ParaFi, and Dragonfly Capital, according to Polymarket founder Shayne Coplan, who communicated with CoinDesk via Telegram. The company’s valuation in this round was not disclosed. This latest investment follows a previously undisclosed $25 million Series A funding round led by General Catalyst and includes a $4 million seed round from 2020, bringing…
[ad_1] Bitstamp, recognized as the world’s oldest operating cryptocurrency exchange, has announced significant updates to its platform ahead of the Markets in Crypto-Assets Regulation (MiCA), set to be enforced across the European Union on June 30. The exchange has confirmed that the EUR-denominated stablecoin EURT will be delisted before the regulatory deadline.Maintaining Non-Euro EMTsElectronic Money Tokens (EMTs) currently available on Bitstamp, which do not fall under Euro denomination and are not yet within MiCA’s regulatory scope, will remain listed. However, these tokens will have restricted availability for European customers on specific products.Bitstamp has declared its intention to refrain from listing…
[ad_1] Florida Congressman Matt Gaetz has ignited a fresh debate on the intersection of cryptocurrency and traditional finance. This week, Gaetz introduced a bill proposing Bitcoin (BTC) as a legitimate payment method for federal income taxes in the United States. The proposal aims to usher in a new era of tax efficiency and technological leadership for the nation. Can Bitcoin Handle America’s Tax Bill? Gaetz, a Republican and vocal advocate for cryptocurrency, sees Bitcoin as a catalyst for a more streamlined tax system. He argues that integrating Bitcoin fosters innovation and positions the US at the forefront of technological advancement.…
[ad_1] Bitwise’s Chief Investment Officer (CIO) Matt Hougan recently discussed the inflows the US Spot Ethereum ETFs could attract. Specifically, he stated how much could flow into these funds in their first 18 months of trading. Spot Ethereum ETFs To Record $15 Billion In First 18 Months Of Trading Hougan mentioned in a note to investors that the Spot Ethereum ETFs could record $15 billion in net inflows in their first 18 months of trading. He elaborated on how he arrived at these figures to show that it wasn’t just a guess. First, Hougan highlighted the market capitalizations of Bitcoin…
[ad_1] Galaxy Digital Holdings disclosed robust growth in revenue and profits for the first quarter, propelled by its mining operation’s exceptional performance amidst the cryptocurrency price surge. The financial services firm focused on digital assets revealed that its net income surged to $421.7 million ($1.23 per share) in the quarter ending March, marking a remarkable 214% increase compared to the same period last year. This significant bottom-line growth was underpinned by a surge in revenue, which reached $259.7 million, up from $146.7 million year-on-year. These impressive results signal Galaxy’s recovery trajectory following a $1 billion net loss in 2022. Breaking…
[ad_1] Shiba Inu has seen an acceleration in the number of burns being carried out on a daily basis. In the last day alone, the burn rate has more than doubled as investors pour out in an effort to reduce the supply of the meme coin. This triple-digit rise coincides with a recovery from the weekend price lows, suggesting positive sentiment is returning to the market. SHIB Burns Jump 101% According to data from the Shiba Inu burn tracking website, Shibburn, the burn rate has seen a notable increase in the burn rate. In the 24-hour period, a total of…