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Ethereum Reaches $10B Revenue in Seven Years for a Win Against Tech Majors
Ethereum (CRYPTO: ETH) managed to get to revenue levels that tech majors failed to reach after years of operations. The platform’s diverse revenue sources and strong network activities were the driving factors.
What Happened: Launched in 2015, Ethereum now touched a revenue milestone of $10 billion, taking it ahead of tech majors such as Microsoft Corp (NASDAQ: MSFT) and Adobe Inc (NASDAQ: ADBE) which took 19, and 20 years, respectively, to achieve this goal, reported Bitcoinist. Alphabet Inc.
What Happened: Launched in 2015, Ethereum now touched a revenue milestone of $10 billion, taking it ahead of tech majors such as Microsoft Corp (NASDAQ: MSFT) and Adobe Inc (NASDAQ: ADBE) which took 19, and 20 years, respectively, to achieve this goal, reported Bitcoinist. Alphabet Inc.
Lawmakers Demand SEC Approve Spot Bitcoin ETPs Immediately, Citing Court Ruling
A group of bipartisan lawmakers penned a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler urging the approval of spot Bitcoin (CRYPTO: BTC) exchange-traded products (ETPs).
The lawmakers emphasized the need for the SEC to cease any discriminatory actions against spot Bitcoin ETPs.
This move is expected to be a focal point of discussions at Benzinga's Future of Digital Assets conference on Nov. 14, when industry leaders will explore the evolving landscape of digital as
The lawmakers emphasized the need for the SEC to cease any discriminatory actions against spot Bitcoin ETPs.
This move is expected to be a focal point of discussions at Benzinga's Future of Digital Assets conference on Nov. 14, when industry leaders will explore the evolving landscape of digital as
CZ Offers to Deploy Binance's Security Team to Recover HTX's Stolen Assets
After the crypto exchange HTX, formerly known as Huobi, suffered an $8 million loss due to a hack, Binance CEO Changpeng “CZ” Zhao stepped forward, offering his exchange’s security team to investigate the attack. The incident resulted in a reduction of around 5,000 Ethereum (CRYPTO: ETH) in HTX's hot wallet.
Hackers are likely to conceal their tracks by utilizing mixers or converting the stolen assets to privacy tokens, making the timely intervention of CZ's security team crucial for tracing th
Hackers are likely to conceal their tracks by utilizing mixers or converting the stolen assets to privacy tokens, making the timely intervention of CZ's security team crucial for tracing th
EXCLUSIVE: Wolf of Wall Street Jordan Belfort Thinks Most Penny Stocks Are Garbage — 'Not Designe...
Jordan Belfort, an investor, entrepreneur, and motivational speaker, is recognized for various reasons, including his life being depicted in a popular Hollywood movie and his strong views on the cryptocurrency sector.
In an exclusive interview with Benzinga, Belfort let loose with his opinion on penny stocks.
What Happened: Over time, Belfort has conceded that his initial opinions on the leading cryptocurrency, Bitcoin, which he had previously labeled as a scam, were incorrect.
Additionally,
In an exclusive interview with Benzinga, Belfort let loose with his opinion on penny stocks.
What Happened: Over time, Belfort has conceded that his initial opinions on the leading cryptocurrency, Bitcoin, which he had previously labeled as a scam, were incorrect.
Additionally,
Ethereum Staking Doubles in a Year, Investors Flock to Proof-Of-Stake: Report
The amount of Ethereum (CRYPTO: ETH) being staked witnessed a significant surge, doubling in just a year with about 25% of all available Ethereum currently staked, up from 11% a year ago as of Sept. 22, 2023, according to a report.
This rise in staking activities underscored the growing interest and trust in the Ethereum network's proof-of-stake mechanism.
This development will likely be a topic of discussion at Benzinga's Future of Digital Assets conference on Nov. 14, when industry experts w
This rise in staking activities underscored the growing interest and trust in the Ethereum network's proof-of-stake mechanism.
This development will likely be a topic of discussion at Benzinga's Future of Digital Assets conference on Nov. 14, when industry experts w
MoneyGram Embraces Digital Assets, Plans Non-Custodial Wallet Launch for Early Q1
MoneyGram International plans to launch a noncustodial wallet service beginning in 2024.
Find out more on how financial services have blended with technology. Meet and engage with transformative Fintech business leaders and investors at Benzinga's exclusive event — Fintech Deal Day. Tickets are going fast — get yours!
What Happened: The company's digital wallet, built by Cheesecake Labs, is powered by Stellar Network.
MoneyGram CEO Alex Holmes shared the development at the Stellar Development
Find out more on how financial services have blended with technology. Meet and engage with transformative Fintech business leaders and investors at Benzinga's exclusive event — Fintech Deal Day. Tickets are going fast — get yours!
What Happened: The company's digital wallet, built by Cheesecake Labs, is powered by Stellar Network.
MoneyGram CEO Alex Holmes shared the development at the Stellar Development
Pudgy Penguins Walmart Debut Marks 'Huge Step Forward' for Web3, NFTs
One of the most popular non-fungible token (NFT) collections now has toys available in Walmart Inc (NYSE: WMT) stores. The move comes after the collection was acquired in 2022 for 750 Ethereum (CRYPTO: ETH), or around $2.5 million, and saw its new CEO conduct an impressive comeback story.
What Happened: NFT and IP brand development company Pudgy Penguins now has plushies and collectibles available at about 2,000 Walmart stores.
Each toy comes with an access code to Pudgy World — an open-world
What Happened: NFT and IP brand development company Pudgy Penguins now has plushies and collectibles available at about 2,000 Walmart stores.
Each toy comes with an access code to Pudgy World — an open-world
Chase's Crypto-Related Transactions Ban in UK: a Sign of the Times — or a Sign of Weakness?
JP Morgan Chase & Co (NYSE: JPM), the prominent banking institution, decided to halt cryptocurrency-related transactions for its U.K. clientele starting Oct. 16, according to a recent communication to its users.
The bank stated, "If we think you're making a payment related to crypto assets, we'll decline it," suggesting patrons keen on crypto investments might need to explore other banking alternatives, Coindesk reported.
This move by Chase comes ahead of the much-anticipated Benzinga's Future
The bank stated, "If we think you're making a payment related to crypto assets, we'll decline it," suggesting patrons keen on crypto investments might need to explore other banking alternatives, Coindesk reported.
This move by Chase comes ahead of the much-anticipated Benzinga's Future
Blockchain Life 2023 in Dubai: a Global Crypto Gathering
Dubai Welcomes Crypto Enthusiasts from 120 Countries
Dubai is set to host the 11th Blockchain Life Forum on October 24-25, an event that has earned its reputation as the "Crypto Whales Meeting Point." With over 7,000 attendees from 120 countries, this gathering is a testament to the global reach and influence of the crypto world.
Who's Speaking?
The forum boasts a lineup of more than 80 renowned speakers from trailblazing companies, ready to share their insights and revolutionary ideas. Notab
Dubai is set to host the 11th Blockchain Life Forum on October 24-25, an event that has earned its reputation as the "Crypto Whales Meeting Point." With over 7,000 attendees from 120 countries, this gathering is a testament to the global reach and influence of the crypto world.
Who's Speaking?
The forum boasts a lineup of more than 80 renowned speakers from trailblazing companies, ready to share their insights and revolutionary ideas. Notab
2,720 ETH Worth $4M Was Just Burned
What happened: On Monday a total of 2,720.56 Ether (CRYPTO: ETH) worth $4,315,113, based on the current value of Ethereum at time of publication ($1,586.11), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.
Why it matters: On August 5th, 2021, the Ethereum blockchain implemented an important upgrade known as EIP-1159. This Ethereum improvement proposal changed the fee model drastically. Now each transaction inclu
Why it matters: On August 5th, 2021, the Ethereum blockchain implemented an important upgrade known as EIP-1159. This Ethereum improvement proposal changed the fee model drastically. Now each transaction inclu
Is the Bitcoin Market Overheated, Overleveraged? Why These Analysts Are Caution Traders
In a recent analysis, experts raised concerns about the potential vulnerabilities in the Bitcoin (CRYPTO: BTC) market due to leveraged long positions that lack adequate spot buying support.
The analysis came at a crucial time, especially as discussions around the future of digital assets gain momentum.
Such insights will undoubtedly be a topic of interest at the upcoming Benzinga's Future of Digital Assets conference on Nov. 14, where industry experts will delve into the evolving landscape of
The analysis came at a crucial time, especially as discussions around the future of digital assets gain momentum.
Such insights will undoubtedly be a topic of interest at the upcoming Benzinga's Future of Digital Assets conference on Nov. 14, where industry experts will delve into the evolving landscape of
Crypto Exchanges Bypass Proper Licenses, Exaggerate Daily Trading Volume: Report
Certain crypto exchanges are boasting about their licenses and daily trading volume, but their claims appear suspect.
That's according to Cointelegraph, which has been looking into the matter of whether Bitspay and other companies are truly regulated.
What Happened: Estonia's Financial Intelligence Unit (FIU) confirmed to the outlet that Bitspay doesn't hold a valid license to operate in the country.
At one point, Bitspay insisted that it was regulated under the Estonian “Anti Money Launderin
That's according to Cointelegraph, which has been looking into the matter of whether Bitspay and other companies are truly regulated.
What Happened: Estonia's Financial Intelligence Unit (FIU) confirmed to the outlet that Bitspay doesn't hold a valid license to operate in the country.
At one point, Bitspay insisted that it was regulated under the Estonian “Anti Money Launderin
Sam Bankman-Fried's Latest Bail Plea: Strict Monitoring, Communication Restrictions
FTX (CRYPTO: FTT) founder Sam Bankman-Fried has once again sought a provisional release from detention during his ongoing trial.
This development, garnering attention from the crypto community, is expected to be a topic of discussion at Benzinga's Future of Digital Assets conference on Nov. 14.
Bankman-Fried's bail was first rescinded in August, leading to his incarceration after the court believed he might have attempted to influence witnesses.
His plea to reverse this decision on Sep. 12 wa
This development, garnering attention from the crypto community, is expected to be a topic of discussion at Benzinga's Future of Digital Assets conference on Nov. 14.
Bankman-Fried's bail was first rescinded in August, leading to his incarceration after the court believed he might have attempted to influence witnesses.
His plea to reverse this decision on Sep. 12 wa
VeeFriends Teams Up With Mattel to Bring Skeletor and NFT Character to Life: Gary Vee Calls Colla...
Since launching the entertainment company and non-fungible token collection VeeFriends in 2021, serial entrepreneur Gary Vaynerchuk (aka Gary Vee) has partnered the brand with top companies like Johnnie Walker, Fanatics, Mattel Inc (NASDAQ: MAT), Macy’s, Reebok and Squishmallows.
On Tuesday, VeeFriends announced a new partnership with Mattel that will see Vee’s brand collaborate with a popular toy brand.
What Happened: The partnership will see the iconic Masters of the Universe brand, which is
On Tuesday, VeeFriends announced a new partnership with Mattel that will see Vee’s brand collaborate with a popular toy brand.
What Happened: The partnership will see the iconic Masters of the Universe brand, which is
Fhenix Secures $7M Funding, Aims to Bolster Privacy on Public Blockchains
Blockchain platform Fhenix clinched $7 million in venture capital.
Multicoin Capital and Collider Ventures led the seed funding round. A host of other investors, including Node Capital, Bankless, HackVC, TaneLabs, and Metaplanet, joined the effort.
The capital infusion will be used to launch the Fhenix Network's public testnet in the upcoming year and bolstering ecosystem application development.
The significance of such advancements in the blockchain sector will be a key topic of discussion
Multicoin Capital and Collider Ventures led the seed funding round. A host of other investors, including Node Capital, Bankless, HackVC, TaneLabs, and Metaplanet, joined the effort.
The capital infusion will be used to launch the Fhenix Network's public testnet in the upcoming year and bolstering ecosystem application development.
The significance of such advancements in the blockchain sector will be a key topic of discussion
Cryptocurrency LEO Token Down More Than 3% Within 24 Hours
Over the past 24 hours, LEO Token's (CRYPTO:LEO) price has fallen 3.44% to $3.65. This continues its negative trend over the past week where it has experienced a 2.0% loss, moving from $3.73 to its current price.
The chart below compares the price movement and volatility for LEO Token over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are,
The chart below compares the price movement and volatility for LEO Token over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are,
Cryptocurrency Maker's Price Increased More Than 4% Within 24 Hours
Over the past 24 hours, Maker's (CRYPTO: MKR) price has risen 4.17% to $1,331.88. This continues its positive trend over the past week where it has experienced a 5.0% gain, moving from $1,265.02 to its current price. As it stands right now, the coin's all-time high is $6,292.31.
The chart below compares the price movement and volatility for Maker over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both
The chart below compares the price movement and volatility for Maker over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both
Binance Attempts a Belgium Comeback Just 3 Months After Watchdog Halted Services
Binance has returned to the Belgian market.
The crypto exchange decided to reopen registrations for Belgium's residents roughly three months after the country's financial watchdog, the Financial Services and Markets Authority (FSMA), directed the platform to halt its virtual currency services.
This development is a testament to the rapidly changing landscape of digital assets and their regulatory frameworks worldwide. Such shifts will be a focal point of discussion at Benzinga's Future of Digi
The crypto exchange decided to reopen registrations for Belgium's residents roughly three months after the country's financial watchdog, the Financial Services and Markets Authority (FSMA), directed the platform to halt its virtual currency services.
This development is a testament to the rapidly changing landscape of digital assets and their regulatory frameworks worldwide. Such shifts will be a focal point of discussion at Benzinga's Future of Digi
Taiwan Regulators Unveil 'Guiding Principles' to Regulate Digital Assets, Crypto
In a bid to streamline the burgeoning digital currency landscape, Taiwan's Financial Supervisory Commission (FSC) has rolled out a comprehensive set of guidelines.
The rules are tailored for virtual asset platforms and transaction business enterprises, or VASPs.
The forthcoming Benzinga's Future of Digital Assets conference on Nov. 14 is set to further discuss these evolving dynamics of digital currencies, emphasizing the regulatory challenges and the importance of such guidelines in the globa
The rules are tailored for virtual asset platforms and transaction business enterprises, or VASPs.
The forthcoming Benzinga's Future of Digital Assets conference on Nov. 14 is set to further discuss these evolving dynamics of digital currencies, emphasizing the regulatory challenges and the importance of such guidelines in the globa
Ethereum Rises but Remains Below This Key Level; Maker Emerges As Top Gainer
Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading close to the $26,300 level on Tuesday.
Ethereum (CRYPTO: ETH) also moved higher, but traded below the key $1,600 mark this morning.
Maker (CRYPTO: MKR) was the top gainer over the prior 24 hours, while Render (CRYPTO: RNDR) turned out to be the biggest loser.
At the time of writing, the global crypto market cap rose to $1.05 trillion, recording a 24-hour gain of 0.5%. BTC was trading higher by 0.9% at $26,295 while ET
Ethereum (CRYPTO: ETH) also moved higher, but traded below the key $1,600 mark this morning.
Maker (CRYPTO: MKR) was the top gainer over the prior 24 hours, while Render (CRYPTO: RNDR) turned out to be the biggest loser.
At the time of writing, the global crypto market cap rose to $1.05 trillion, recording a 24-hour gain of 0.5%. BTC was trading higher by 0.9% at $26,295 while ET