After its launch in 2009, Bitcoin ushered in a new era of blockchain technology and digital currencies. Given all the talk about Bitcoin, you’d think it would be everywhere. Is that really true? How much is Bitcoin worth? Perhaps more importantly, how much of the world’s money is in bitcoins? With the price of BTC […]
Read More(Bloomberg) — Bitcoin has a long way to drop before mining the digital token becomes unprofitable for North America’s largest crypto mining company. After factoring in energy and hosting costs, the breakeven rate on Bitcoin for Marathon Digital Holdings Inc. is roughly $6,500, according to Fred Thiel, the Las Vegas-based company’s chief executive officer. Even […]
Read MoreThen, there is the investment arm, which companies are starting to optimize as well. MicroStrategy made waves over the past year for investing billions of dollars into Bitcoin, and several other firms have done the same. Other firms have made the same move as MicroStrategy, with Bitcoin Treasuries showing that billions have been allocated towards […]
Read MoreCathie Wood’s $500K Bitcoin call is already happening — how to ride the wave to half a million Cathie Wood isn’t afraid to make bold predictions. Back in early 2018, the owner of Ark Invest said Tesla shares would go from $300 to $4,000 within five years — a potential upside of around 1,200%. Yet […]
Read MoreThere’s a very compelling case to be made that cryptocurrency will move even higher in 2022. In short, that means now is the time to buy. Overall demand for cryptos will rise, bringing prices up for the entire market. Although that suggests prices will move up for most individual cryptocurrencies, there will obviously be winners […]
Read MoreMarqeta Inc (NASDAQ: MQ) shares are trading higher after the company, and Amount, announced the first virtual card and loan origination partnership to help banks rapidly enter the buy now, pay later space. The partnership alleviates the digital tools gap that prevents many banks from entering the BNPL (buy now pay later) space, allowing them […]
Read More(Bloomberg) — Former U.S. Treasury Secretary Steven Mnuchin said at the Milken Institute Global Conference that he’s investing in blockchain companies but not cryptocurrencies. Investors should know what their money is going toward when it comes to investing in stablecoins, he said Tuesday at the conference in Beverly Hills, California. Mnuchin touted cyber space as […]
Read MoreBitcoin (BTCUSD) is often referred to as digital currency and as an alternative to central bank-controlled fiat money. However, the latter is valuable because it is issued by a monetary authority and is widely used in an economy. Bitcoin’s network is decentralized, and the cryptocurrency is not used much in retail transactions. However, it can be […]
Read MoreIt’s no surprise that investors are interested in cryptocurrencies. They’re among the best performing asset classes this year. And the crypto community has rallied around the emerging asset class, stirring hype that cryptocurrencies are the next big thing in finance. Bitcoin was first traded in 2009. Back then, you could buy one of the new […]
Read MorePlus, Affirm is partnering with Amazon to offer its payment solution to Amazon shoppers spending over $50, Astra shares dropped after the company’s weekend launch attempt failed, and Reddit traders have a new meme stock in Support.com.
Read MorePlus, Lyft and Uber shares opened lower after a California court ruled that a ballot measure that exempted gig workers from state labor law was unconstitutional, PayPal said it is opening its crypto service to users in the U.K., and Sir Richard Branson’s Virgin Orbital is going public via a SPAC merger.
Read MorePlus, Bitcoin jumped above $48,000 over the weekend, Sonos shares are up after a U.S. judge ruled that Google infringed on five patents belonging to the company, and Oatly raised its guidance for full-year revenue.
Read MorePlus, Southwest lowered its revenue and profit forecast as the COVID-19 delta variant impacts bookings, Rocket Labs announced a deal to provide three of its photon spacecraft to Varda Space Industries, and the Labor Department reported July’s CPI came in at 5.4% year-over-year.
Read MorePlus, Virgin Galactic shares are up after the company announced it is reopening ticket sales for its space flights, Novavax said it is delaying submission to the FDA for emergency use authorization for its COVID-19 vaccine until the fourth quarter, and Levi Strauss is breaking into the athletic apparel industry in purchasing Beyond Yoga.
Read MorePlus, Wells Fargo said it is shutting down all personal lines of credit to focus more on its credit card and personal loans business, Pfizer plans to apply for emergency use authorization for a booster shot of its COVID-19 vaccine in August, and Stamps.com has agreed to be taken private by Thoma Bravo.
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