Bitfinex allowed Bitcoin correction to continue during the holidays
During the holiday season, Bitcoin appears to confront the looming specter of a potential price correction, a scenario attributed to the burgeoning selling pressure catalyzed by short-term investors. Jag Kooner, at the helm of Bitfinex's derivatives department, articulated these concerns to The Block, underscoring the current market dynamics. Bitcoin, which not long ago tested the formidable threshold of $44,000 on December 20, swiftly saw its valuation retract below $42,000 by December ...
Bitfinex allowed Bitcoin correction to continue during the holidays
During the holiday season, Bitcoin appears to confront the looming specter of a potential price correction, a scenario attributed to the burgeoning selling pressure catalyzed by short-term investors. Jag Kooner, at the helm of Bitfinex's derivatives department, articulated these concerns to The Block, underscoring the current market dynamics. Bitcoin, which not long ago tested the formidable threshold of $44,000 on December 20, swiftly saw its valuation retract below $42,000 by December ...
Block received $2.42 billion from bitcoin sales in the quarter
In the second quarter of 2023, Block, the company behind the Cash App, reported substantial revenue from selling Bitcoin through its application. The company's revenue from Bitcoin sales in that quarter amounted to an impressive $2.42 billion, contributing to a gross profit of $45 million. These figures represented a significant increase compared to the same period in 2022, with revenue growing by 37% and profit increasing by 22%. Block attributed this year-on-year growth to both an incr...
Block received $2.42 billion from bitcoin sales in the quarter
In the second quarter of 2023, Block, the company behind the Cash App, reported substantial revenue from selling Bitcoin through its application. The company's revenue from Bitcoin sales in that quarter amounted to an impressive $2.42 billion, contributing to a gross profit of $45 million. These figures represented a significant increase compared to the same period in 2022, with revenue growing by 37% and profit increasing by 22%. Block attributed this year-on-year growth to both an incr...
Shanghai authorities presented a strategy for the development of the blockchain industry
Shanghai, a bustling metropolis at the heart of technological innovation, has unfurled an ambitious tapestry of measures that seeks to propel the arcane realm of blockchain technology into the limelight. In a strategic flourish, the city authorities have meticulously charted a course that unfurls its vision for the blockchain industry until the year 2025. Within the intricate web of this blueprint, Shanghai envisions the mastery of several domains to sculpt the future of blockchain technology...
Shanghai authorities presented a strategy for the development of the blockchain industry
Shanghai, a bustling metropolis at the heart of technological innovation, has unfurled an ambitious tapestry of measures that seeks to propel the arcane realm of blockchain technology into the limelight. In a strategic flourish, the city authorities have meticulously charted a course that unfurls its vision for the blockchain industry until the year 2025. Within the intricate web of this blueprint, Shanghai envisions the mastery of several domains to sculpt the future of blockchain technology...
Blockchain Life 2023 will be held at the end of October in Dubai
Blockchain Life 2023, the eleventh international forum, is scheduled to take place in Dubai on October 24 and 25. The event is expected to bring together more than 7,000 participants from 120 countries, making it a significant gathering in the cryptocurrency and blockchain industry. The forum's agenda includes speeches by prominent figures in the crypto industry, a startup competition, and an exhibition featuring 150 companies, including well-known names such as Canaan, OKX, and Uminers....
Blockchain Life 2023 will be held at the end of October in Dubai
Blockchain Life 2023, the eleventh international forum, is scheduled to take place in Dubai on October 24 and 25. The event is expected to bring together more than 7,000 participants from 120 countries, making it a significant gathering in the cryptocurrency and blockchain industry. The forum's agenda includes speeches by prominent figures in the crypto industry, a startup competition, and an exhibition featuring 150 companies, including well-known names such as Canaan, OKX, and Uminers....
Senator Lummis calls for SEC case against Coinbase to be closed
Senator Cynthia Lummis' call to dismiss the SEC lawsuit against Coinbase reflects her stance on regulatory clarity and the treatment of cryptocurrencies within the legal framework. Here are a few points to consider:Advocacy for Regulatory Clarity: Senator Lummis is known for advocating regulatory clarity in the cryptocurrency space. Her call for the dismissal of the SEC lawsuit against Coinbase could be aligned with her belief that regulatory agencies should provide clear guidelines to e...
Senator Lummis calls for SEC case against Coinbase to be closed
Senator Cynthia Lummis' call to dismiss the SEC lawsuit against Coinbase reflects her stance on regulatory clarity and the treatment of cryptocurrencies within the legal framework. Here are a few points to consider:Advocacy for Regulatory Clarity: Senator Lummis is known for advocating regulatory clarity in the cryptocurrency space. Her call for the dismissal of the SEC lawsuit against Coinbase could be aligned with her belief that regulatory agencies should provide clear guidelines to e...
