Category: crypto
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Coinbase Q1 revenues up 40% YoY to $2 billion, while net income down
Coinbase reported $2 billion in revenue for the first quarter, with a net income of $66 million. Adjusted EBITDA was $930 million, and subscription and service revenue increased by 9%. The exchange also processed $315 billion in institutional trading volume and added 39 new perpetual contracts. Stablecoins were a major growth segment for Coinbase, with…
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Meta exploring stablecoins for cross-border payouts in renewed crypto push
Meta is considering using stablecoins for cross-border payments on its platforms, exploring the possibility with multiple crypto firms. This effort follows the failure of its 2019 attempt with Project Libra, now Diem, due to regulatory pressure. Ginger Baker is reportedly leading Meta’s new stablecoin venture amid renewed interest in stablecoins in the US.
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Bitcoin exchange inflows show heavy institutional activity, virtually no LTH selling Research 47 seconds ago
Recent research indicates that there is a high level of institutional activity in Bitcoin exchanges, with very little selling by long-term holders. This suggests that institutions are actively buying and holding onto Bitcoin, potentially driving up demand and prices in the market.
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Ethereum Foundation boosts ecosystem with $32M in grants in Q1 2025
The Ethereum Foundation distributed over $32 million in grants in the first quarter of 2025 through its Ecosystem Support Program, with 94 projects receiving funding. Grants focused on community, education, developer experience, and tooling, among other categories. CertiK received two grants for blockchain security projects. L2Beat, a Layer-2 data aggregator, also received a grant.
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Bitcoin hits $101k to reclaim six-figures as Trump confirms US, UK trade deal
Bitcoin (BTC) surpassed $100,000 for the first time in over two months due to bullish sentiment, institutional adoption, and renewed confidence after a trade deal announcement. The wider crypto market also saw gains, with Ethereum (ETH) surpassing $2000. The trade deal between the US and UK boosted market sentiment and capital inflows into Bitcoin exchange-traded…
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OpenAI launches initiative to spread democratic AI through global partnerships
OpenAI has launched the OpenAI for Countries initiative as part of its Stargate project to help countries build artificial intelligence systems based on democratic values. The program aims to engage governments in shaping AI frameworks that prioritize transparency, accountability, and public interest, instead of authoritarian control. The initiative will provide countries with access to democratic…
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SEC considers crypto exemption to streamline tokenized securities trading
The SEC is considering an exemption order that would allow firms to issue and trade securities using distributed ledger technology. SEC Commissioner Hester Peirce revealed the plan during a speech, explaining that the exemption aims to lower regulatory hurdles for firms interested in tokenized securities. Strict guidelines and safeguards would be in place to protect…
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UAE state-owned Emarat partners with Crypto.com to integrate Bitcoin, crypto payments at gas stations
Emirates General Petroleum Corporation (Emarat) partners with Crypto.com to introduce crypto payments at fuel stations in Dubai, marking a first in the Middle East and North Africa. This initiative allows customers to pay for fuel using Bitcoin and other digital assets directly at the pump. The UAE continues to advance as a global leader in…
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navigating the digital financial landscape
Crypto wallets provide a range of security features to manage digital assets effectively, ensuring a balance between convenience and strong protection for users globally. The cover art/illustration from CryptoSlate may contain a mix of content, potentially including AI-generated elements.
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Post Pectra, Ethereum now targets efficiency with 60 million gas limit expansion
Ethereum plans to increase its gas limit by 66% to 60 million units to improve transaction capacity and network efficiency. The upgrade has received support from validators and key figures in the ecosystem. This would be the second increase in gas limit this year, with potential benefits including lower transaction fees and reduced congestion.