Bitcoin Depot, the largest Bitcoin ATM operator in the United States, has shown remarkable resilience in terms of its revenue generation despite the highly volatile nature of cryptocurrency prices. The company reported revenues of $689 million in 2023 and $647 million in 2022, showing a consistent upward trend. The interesting aspect is that these revenues
Blockchain
The UK government is on the verge of introducing new crypto staking and stablecoin legislation by July 2024, which represents a significant step towards regulating the crypto industry. The Economic Secretary, Bim Afolami, recently announced these upcoming regulations at the Innovate Finance Global Summit in London. Afolami emphasized the government’s commitment to finalizing the legislation
John Deaton, a pro-crypto Republican candidate aiming to secure Senator Elizabeth Warren’s senate seat, recently took to social media to criticize SEC chair Gary Gensler. In his scathing post, Deaton condemned Gensler for the SEC’s regulation-by-enforcement approach, specifically in response to the new Coinbase appeal. He labeled Gensler as a “bad faith regulator” and highlighted
Japan’s ruling party, the Liberal Democratic Party, is making a strong push for immediate crypto tax reforms. Recently, the party’s web3 project team unveiled a “White Paper” highlighting the need for separate taxation on profits and losses from cryptoasset transactions. This move comes after the government’s announcement to allow venture capital firms to invest in
The traditional reliance on Web2 channels like social media for brand-consumer interactions is evolving. Brands are now integrating new technologies such as blockchain and artificial intelligence to enhance consumer engagement. Jana Bobosikova, Co-Founder of KIKI World, emphasizes the importance of leveraging these technologies to empower consumers and reward them for their participation. The KIKI platform,
In a surprising turn of events, crypto-supportive litigator John Deaton has raised $1.36 million for his campaign in the first quarter, outpacing Massachusetts Senator Elizabeth Warren’s fundraising efforts of $1.1 million. This remarkable feat showcases the growing support for Deaton and his platform among prominent figures in the crypto industry. According to reports, Deaton has
The recent revelation of personal information being subpoenaed from a Bitcoin developer event has raised concerns about security and privacy within the cryptocurrency community. Mike Schmidt, co-founder of Brink, provided details of event participants to the FBI, sparking a discussion on the implications of such actions. Subpoena and Cooperation Schmidt disclosed that the FBI requested
Ethena (USDe) has recently caught the attention of Bitwise President, Teddy Fusaro, who has acknowledged it as potentially the fastest-growing USD-denominated asset in the history of crypto. The protocol operates similarly to an ETF, where contributions are accepted from Authorized Participants (APs) to issue units, or USDe tokens, which are then invested in a pre-determined
Bitcoin prices have long been influenced by a variety of factors such as the activities of Bitcoin miners and BTC whales. However, according to Kim Min-seung, the head of the Korbit Research Center at the Korbit crypto exchange, the landscape has shifted in recent months. Kim claims that US stock traders are now playing a
The recent expansion of EigenLayer’s mainnet with Coinbase and Google Cloud joining as node operators has brought significant attention to the network’s security and reliability. This collaboration marks a milestone in the blockchain ecosystem, as major cloud providers are now actively participating in securing and supporting decentralized networks like EigenLayer. Coinbase Cloud’s announcement of becoming