Crypto News Center

Bitcoin miner Argo repays $35M Galaxy bailout loan

The loan saved Argo from bankruptcy during the crypto winter of 2022. 2591 Total views 1 Total shares Own this piece of crypto history Collect this article as NFT Bitcoin miner Argo Blockchain finished repaying $35 million it borrowed from asset manager Galaxy Digital in 2022 to stave off bankruptcy amid that year’s crypto bear market, according to an Aug. 12 company filing.  The repayment marks “a significant milestone for...

Chinese app giant sells all Bitcoin ahead of $100,000 milestone

Meitu shifts focus from digital assets to expand its subscription-based media services with realized crypto gains. Photo: Reuters Key Takeaways Meitu sold 940 Bitcoin and 31,000 Ethereum for $180 million before Bitcoin reached $100,000. 80% of the proceeds from Meitu's crypto sale will be distributed as a special dividend. Chinese tech company Meitu had sold its entire crypto holdings of 940 Bitcoin and 31,000 Ethereum for $180 million, exiting the...

DEX trading volume rises 15.7% in Q2, CEX activity drops

Thruster and Aerodrome emerge as new DEX contenders, while Bybit climbs to second place among CEXs. Key Takeaways DEX trading volume grew 15.7% in Q2 2024, while CEX volume dropped 12.2%. Uniswap maintained 48% DEX market share, while Binance held 45% of CEX market. Decentralized exchanges (DEXs) saw a 15.7% quarter-on-quarter increase in spot trading volume, reaching $370.7 billion in Q2 2024. This growth contrasts with centralized exchanges (CEXs), which...