Crypto News
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Bitcoin mining in Iran produced a possible $1 billion in revenue in 2021. Iran has used crypto to evade sanctions and fund terrorist groups, claims Senators Warren and King. Senators Warren and King want the Biden administration to outline steps taken to address threats posed by Iran's mining operations. In a letter on May 1, US lawmakers Senators Elizabeth ...
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Crypto scams tend to get a lot of attention, even when they don't actually involve cryptocurrencies. The big picture: When people discuss the risks around scams in crypto, it's often linked to digital assets' specific dangers: backdoors, anonymous founders and new ways to cover one's tracks. There are certainly scams in crypto, but there are also plain old ...
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On Saturday, January 3, 2009, Bitcoin was born. With the creation of the very first Bitcoin block—known as the 'Genesis Block'—the first set of 50 BTC was mined into existence. This genesis block is considered the start of the Bitcoin blockchain—and the beginning of the cryptocurrency revolution. Many would argue that the day it was minted represents ...
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This memo provides an update on Block, Inc.’s (“Block”) strategy for company-owned bitcoin held for investment purposes (“bitcoin investment”), including our historical purchase execution, storage mechanics, and insurance and accounting considerations. We also provide an overview of our new corporate bitcoin purchase program and the launch of Square’s ...
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post: $SQ BLOCK: IMPLEMENTED A BITCOIN DOLLAR COST AVERAGE BUY PROGRAM post: JUST IN : JACK DORSEY’S BLOCK SAYS IT WILL BUY BITCOIN EVERY MONTH WITH 10% OF ITS GROSS PROFIT BLOCK HAS SPENT $220 MILLION ON BUYING BITCOIN THATS WORTH $575 MILLION NOW ( UP 160% ) $SQ
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It was a day of recovery for financial markets as cryptos and stocks rebounded from yesterday’s Fed-inspired pullback, with investors brushing aside concerns regarding interest rate hikes and cuts to buy the dip on their favorite assets. The uptick in stocks comes as “traders anticipate further corporate earnings reports and key labor market insights later ...
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The Bank of England’s effort to stimulate the economy during the pandemic is responsible for all £115 billion ($144 billion) of the net losses on quantitative-easing that UK ...
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Total assets on the Fed’s balance sheet fell by $77 billion in April, to $7.36 trillion, the lowest since December 2020, according to the Fed’s weekly balance sheet today. Since ...
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The global economy is continuing growing at a modest pace, according to the OECD’s latest Economic Outlook. The Economic Outlook projects steady global GDP growth of 3.1% in 2024, ...
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The pound-dollar pair traded sideways in the last session. The Rate of Change (ROC) indicator is signaling positivity. Bitcoin gained 0.9% against the dollar in the last session. However, the ROC is giving a negative signal, indicating potential downward movement. The oil-dollar price remained largely unchanged in the last session. Despite this, the ...
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video Bitcoin found support at 56,500 on Wednesday following a drop below a lower trendline earlier in the session that formed a wedge pattern. That bull wedge pattern was negated by the drop as Bitcoin broke down from the pattern instead of up. However, support was seen just shy of the first target zone from 56,168 to 56,159. That price target consists ...
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Coinbase reported better-than-expected revenue in its first-quarter earnings report on Thursday. The stock was trading about 4% lower in extended trading. Here’s how the company did, compared to analysts’ consensus from LSEG. Earnings: $4.40 per share. That may not be comparable to the $1.09 average analyst estimate. Revenue: $1.64 billion vs. $1.34 billion ...