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The Latest Breaking News from Bitcoin

$7.6bn of ‘stablecoin’ tether redeemed since start of crypto crisis

Figures suggest company has paid out more than total cash on hand, as terra backers prepare relaunch

The Guardian - UK

Why Bitcoin-, Ethereum- And Litecoin-Related Stock Bitfarms Is Diving Today

Bitfarms Ltd (NASDAQ: BITF) shares are trading lower by 7.00% at $1.89. The company reported first-quarter earnings results Monday morning.

Benzinga

Bitfarms Clocks 42% Revenue Growth In Q1 Amid Declining Bitcoin Prices

Bitfarms Ltd (NASDAQ:BITF) reported first-quarter FY22 revenue growth of 42% year-on-year to $40.3 million. Revenues were down from $60 million in 4Q21. Bitfarms mined 961 Bitcoin (BTC) at an average cost of production of $8,700 per BTC during Q1. The gross margin contracted 2,600 bps to 42% as costs surged 155.4% Y/Y. The…

Benzinga

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The Coming Proxy War With China? A Veteran Australian Diplomat Warns Of An Asia-Pacific Ukraine War.

The U.S. Proxy War With Russia A point I made last month, that the Ukraine War is a proxy war between the U.S. and Russia. Now that the U.S. House of Representatives has passed an enormous, $40 billion in aid for Ukraine, more observers are acknowledging that this is a proxy…

Benzinga

Cryptocurrency Bitcoin Cash Decreases More Than 3% Within 24 hours

Over the past 24 hours, Bitcoin Cash's (CRYPTO: BCH) price has fallen 3.0% to $200.64. This continues its negative trend over the past week where it has experienced a 19.0% loss, moving from $248.94 to its current price.

Benzinga

Bitcoin's Fundamentals Show High Uncertainty As Number Of Addresses Sending To Exchanges Reaches 1-Year High

The on-chain fundamentals of the world's top cryptocurrency Bitcoin (CRYPTO: BTC) are showing a rather grim picture as the sentiment-tracking Fear & Greed Index reports "extreme fear" in

Benzinga

Osmosis, Kusama Among Top Crypto Movers In 24H

Pulled from Benzinga Pro here's the list of the top crypto gainers and losers at the time of publication:

Benzinga

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Buffett's Bitcoin Exposure, Buterin Donates To Doge Foundation, Musk On Predatory Lending And More: 5 Key Stories You May Have Missed From This Weekend

Ahead of a new trading week, investors may want to see Friday's market rally gather momentum. With earnings season approaching its last leg, retail earnings are expected to flow in thick and fast. The market may also take cues from a slew of Fed speeches scheduled for the week and the…

Benzinga

Morning Brief: Top Financial Stories Dominating on Monday, May 16

CNBC Volkswagen CEO Shares Ambitious EV Ambitions For US Market

Benzinga

While Bitcoin, Ethereum, Dogecoin Crash — UK Crypto Platform Fetches $500M Valuation With Backing From Goldman Sachs, Barclays

United Kingdom crypto trading platform Elwood Technologies — founded by hedge fund billionaire Alan Howard — said it raised $70 million in a Series A funding round co-led by Dawn Capital and global investment bank Goldman Sachs Group Inc (NYSE: GS).

Benzinga

Market wrap: Federal election and hawkish RBA move expected to dominate markets this week

The month of May has lived up to its reputation as a volatile one for markets. The ASX200 closed the week 1.8 per cent lower at 7075.

The New Daily

Getting Paid in Bitcoin

Unfortunately, an automatic crypto purchase made with after-tax earnings won't lower your taxable income.

Reason

New Look: Missing Crypto Queen May Have Surgically Changed Appearance To Avoid Capture

A ‘crypto queen’ who scammed investors and disappeared with their millions half a decade ago may have had plastic surgery to avoid capture, say cops in Germany.

Zenger

Bitcoin has no future as a payments network - FTX

Cryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticised the digital currency for its inefficiency and high environmental costs.

Bangkok Post

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The Times of India

Terra hasn’t killed crypto, but it was a narrow escape

NEW YORK: Speculation that the collapse of one of the biggest experiments in decentralized finance could bring about the death of crypto appears to have been overblown. If Terra’s implosion had happened after a few more months of growth, the resultant market impact might have created a DeFi version of…

Bangkok Post

Elkrem Capital issues novel DeFi strategy

Elkrem Capital, a decentralised finance (DeFi) asset management service provider under the Cryptomind Group, has launched "E-Growth", a new investment strategy to help investors capture returns from DeFi amid market volatility.

The Guardian - UK

Bill Gates: ‘Vaccines are a miracle. It’s mind-blowing somebody could say the opposite’

The Microsoft co-founder takes questions from scientists, academics and readers on Ukraine, Covid, Jeffrey Epstein and more

The Guardian - US

‘Unstoppable until they aren’t’: are tech market losses signs of a bust?

Apple is no longer the most valuable company, Meta took a $230bn hit, Amazon reported its first loss since 2015, but a slump ‘is a big question mark’

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Benzinga

Bitcoin Advocate Jack Dorsey Believes BTC Price Will Again Rise: Here's Why

Twitter Inc (NYSE: TWTR) founder and an avid Bitcoin (CRYPTO: BTC) bull Jack Dorsey has said that the price of the apex crypto will again rise after the recent plunge.

Benzinga

'Rich Dad Poor Dad' Author Warns Of Economic Pain, Says Baby Boomers Will Be 'Biggest Losers'

This article was originally published on May 14, 2022. "Rich Dad, Poor Dad" and personal finance author Robert Kiyosaki says that the U.S. is facing a future of unprecedented economic pain.

WEKU

4 things to know as cryptocurrencies such as Bitcoin (and stablecoins) melt down

Bitcoin and other cryptocurrencies are being caught up in the storm impacting all kinds of markets, including stocks. The plunge in a type of crypto called TerraUSD is raising special concern.

inkl Originals

The Weekly Wrap for Saturday, 14 May 2022

It's been a bad week (month, year) to be a Web3 booster. Coinbase conceded that it may not be able to protect all the deposits it holds if it goes under. NFT's are evaporating and not even a CGI model of Madonna's vagina can save them. But in this edition…

Los Angeles Times

Michael Hiltzik: Bitcoin, NFTs, SPACs, meme stocks — all those pandemic investment darlings are crashing

The finance world, which is constantly on the lookout for rules and laws it can break in the interest of making more money, may have come up against the one law that can't be broken: the law of gravity.

Tribune News Service

Crypto’s $270 billion meltdown gives way to an uneasy calm

Even by the white-knuckle standards of the cryptocurrency universe, it was a standout week.

Benzinga

If You Invested $1,000 In Ethereum Classic, Dogecoin And Ripple (XRP) In March 2020, Here's How Much You'd Have Now

Investors who have put money into major U.S. indices have enjoyed respectable returns since March 2020.

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