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Recorded Net Income and Adjusted EBITDA In the third quarter of 2023, Coinbase, the publicly-traded cryptocurrency exchange, outperformed expectations despite the extended crypto market slump. In their most recent shareholder letter, Coinbase disclosed a net income of $2 million and an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $181 million for the […]

Bitcoin.com Announces Launch of VERSE Token on Polygon Network Bitcoin.com, a trailblazer in democratizing cryptocurrency access, is excited to unveil its VERSE token on the Polygon PoS chain. This groundbreaking move follows the first-ever direct vote by the Verse community, showcasing Bitcoin.com's dedication to community-driven decision-making and embracing the concept of decentralization. Verse Community Chooses

Paypal's Successful FCA Registration Paypal, the renowned payments giant, has recently achieved registration with the Financial Conduct Authority (FCA) in the United Kingdom. This significant development was verified by the FCA's website on October 31. The registration comes after a temporary pause in Paypal's crypto purchases within the U.K., with the company promising to reinstate

New York Judge Hopes for Expedited SEC Decision on Celsius’ Repayment Proposal Judge Martin Glenn, overseeing the bankruptcy of Celsius, has urged the U.S. Securities and Exchange Commission (SEC) to quickly decide whether to authorize the company's transformation into a crypto mining firm. During a court hearing, Glenn expressed his hope for an expedited decision-making

The Nigerian fintech startup, Vella Finance, has recently made the decision to stop offering crypto-related services and instead shift its focus to providing banking services specifically tailored to small and medium-sized businesses. Co-founder Tolu Adedayo stated that this strategic move was based on business reasons and the need to better serve their target market. Business

Solana (SOL) Solana (SOL) experienced a significant surge in price on Monday, surpassing the $35.00 level. After reaching a low of $32.29 on Sunday, SOL/USD climbed to an intraday high of $35.17 at the start of the week. This is the highest level the cryptocurrency has reached since November 6 of last year, when the

Lawmakers Express Concerns Two U.S. lawmakers, Senator Cynthia Lummis and Representative French Hill, have written a letter to U.S. Attorney General Merrick Garland, urging the Department of Justice (DOJ) to investigate Binance and Tether. The lawmakers have alleged that these two cryptocurrency platforms were used to fund Hamas and have a history of allowing illegal

Introduction On October 13, 2023, California passed a significant law known as the Digital Financial Assets Law. This legislation marks California's first comprehensive framework for regulating digital asset markets. The law introduces new requirements for crypto companies and others operating in the digital financial asset space. In this article, we will explore the key provisions

The decentralized finance (defi) market has witnessed a significant rebound, with the total value locked (TVL) surpassing the $40 billion mark. This milestone comes after a period of consolidation since mid-August, indicating a renewed surge in defi protocols. Furthermore, the top 100 defi coins are inching closer to the $50 billion threshold in market capitalization.

Worldcoin Updates Token Supply and Loan Agreements Worldcoin, a project that utilizes iris biometrics for creating a unique human identity database, announced on Sunday that it is making changes to the distribution of its circulating WLD token supply and its market maker loan agreements. The project, which was launched in July, will reduce the loan