Cryptocurrency investors in Hungary could be getting a major tax break very soon, as lawmakers seek to make the central European country more competitive in the wake of the Covid-19 pandemic. In …
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Bitcoin (BTC) mining consumes 8x more electricity than Google & Facebook combined
The rise of bitcoin in popularity and value continues to cast the spotlight on the asset over its potential. However, there is always a lingering question on how much electricity the cryptocurrency …
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Ray Dalio’s Bridgewater CFO to leave to work on Bitcoin (BTC) full-time
John Dalby, now-former chief financial officer at investment company Bridgewater Associates, has been appointed as the CFO of Bitcoin (BTC) financial services firm New York Digital Investment Group (NYDIG). “Working …
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New Asian Investment Portfolio Offers Access To Canada’s Bitcoin ETF
Asia’s first Smart Bitcoin ETF investment portfolio is launching today in response to the growing demand from investors to diversify their portfolios with exposure to the world’s premier cryptocurrency. Aqumon, …
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Norway’s Minister of Climate and Environment is a Bitcoin (BTC) HODler
The Norwegian Minister of Climate and Environment – Sveinung Rotevatn – revealed he owns Bitcoin. According to him, the digital asset is a ”well-suited store of value.” The minister of …
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Iran’s central bank bans the trading of bitcoins mined abroad
The Central Bank of Iran (CBI) has prohibited the trading of Bitcoin and other cryptocurrencies mined outside the country, according to a report from news outlet Iran International. At first glance, the move …
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Square Reports Record Revenue Driven by Bitcoin (BTC) Purchases
The electronic payments fintech Square Inc. proved with numbers that Bitcoin is good for business, and its financial results are the best evidence. Square Inc.’s quarterly sales more than tripled, …
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Goldman Sachs To Launch New Bitcoin (BTC) Derivatives
U.S. banking giant Goldman Sachs has started offering Bitcoin-backed non-deliverable forward contracts to Wall Street investors, according to Bloomberg’s Matt Leising. It relies on CME Group’s Bitcoin futures to hedge against the cryptocurrency’s infamous volatility, conducting block …
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JPMorgan Chase CEO Jamie Dimon Claims Customers Are Interested In Bitcoin (BTC)
During the Wall Street Journal’s CEO Council Summit, JPMorgan Chase CEO Jamie Dimon stated that clients of America’s largest bank are interested in bitcoin. His comments followed after it was …
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Bitcoin, Stocks Fall After Janet Yellen’s Statement Of Potential US Interest Rate Rise
A brief panic episode following a statement by Janet Yellen caused the markets to close the day with red candles all over the place. In a videoconference with The Atlantic, …
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