July 2024

Bitcoin miner Riot Platforms reported a net loss of $84.4 million for the second quarter, compared to a net loss of $27.4 million during the same period last year. Despite the financial setback, the company reported $70.0 million in revenue for the quarter, down slightly from $76.7 million in the prior year. The results reflect […]

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A crypto analyst has predicted a massive 2,900% increase to $18 for the XRP price, the native token of the XRP Ledger. Despite previous bearish sentiment and price declines, the analyst maintains an optimistic outlook on XRP’s potential, outlining an ambitious timeline for this dramatic rise in value.  Timeline For XRP Price To Hit $18 […]

Following her announcement of a historic proposal to supercharge the US dollar and pay down the national debt by establishing a strategic Bitcoin reserve, US Senator Cynthia Lummis (R-WY) officially introduced the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act” in the Senate on July 31. The legislation aims to establish a […]

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In a scathing criticism, Brad Garlinghouse, the Chief Executive Officer (CEO) of financial giant, Ripple, has publicly condemned the United States Securities and Exchange Commission (SEC) over its sudden retracement from the legal tussle with Binance, the world’s largest cryptocurrency exchange. The Ripple Chief in his criticism of the SEC’s strategy charged that the regulatory […]

Polymarket surpasses $1 billion in trading, driven by US election betting surge. Trump leads with 57% odds; Harris’s odds rise to 40% after Biden’s withdrawal. Series B funding of $70 million and MoonPay partnership boost Polymarket’s platform growth. Polymarket, a leading crypto betting platform, has achieved a significant milestone, surpassing $1 billion in trading volume. […]

The post Polymarket surpasses $1B in bet trading Volume amid US election betting surge appeared first on CoinJournal.

Federal Reserve Chair Jerome Powell suggested on Wednesday that the central bank might reduce interest rates at its upcoming September meeting if the current trend of easing inflation continues. This announcement comes as recent data indicates a decline in inflation closer to the Fed’s 2% target, while unemployment has risen slightly above 4%. Powell said: […]

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Fred Rispoli, a prominent pro-XRP lawyer, has once again taken to X to reinforce his earlier prediction that today—July 31, 2024—would mark a significant turning point in the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC). Just yesterday, Rispoli posted, “I’m running out of time to hit my 7/31 […]

In a striking move that merges fashion with cryptocurrency, former President Donald Trump has announced the release of limited-edition Bitcoin-themed sneakers. This development comes on the heels of Trump’s recent speech at the Bitcoin Conference in Nashville, Tennessee, where he delivered a keynote address on July 27, 2024. Trump’s promotional campaign for the sneakers was […]

Tether Holdings announced a record-breaking net profit of $5.2 billion for the first half of 2024. according to its recently released second-quarter attestation conducted by BDO, a leading global independent accounting firm. Meanwhile, the firm reported a net operating profit of $1.3 billion in the second quarter, marking its highest quarterly profit to date. The […]

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Tether Holdings Limited has posted an impressive financial performance for the first half of 2024, showcasing a remarkable $5.2 billion in returns. As the cryptocurrency market teeters on the edge of another potential surge, Tether’s robust earnings have captured the attention of investors and industry insiders alike. In its second-quarter attestation, Tether Holdings revealed a […]