Search Results for: closed down

US Inflation Could Be Worse Than Expected, Goldman Sachs Says — Atlanta Fed President Favors 25 BPS Rate Hike

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While the conflict in Ukraine is a hot topic, fears of rising inflation continue to haunt Americans residing in the country, as economists and analysts note U.S. inflation will likely remain high. Inflation is likely going to be worse than initially…

Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms

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Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down Unauthorized Crypto…

Victoria’s Secret Files Metaverse Related Trademark Applications

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Victoria’s Secret, the renowned designer lingerie company, has filed a series of trademark patents that suggest the organization is ready to offer its products in the metaverse. The announcement was made by Mike Kondoudis, a trademark attorney, who stated these actions…

US Senator Ted Cruz Bought the Bitcoin Dip, Discloses BTC Purchase Worth up to $50K

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U.S. Senator Ted Cruz has declared his bitcoin purchase worth up to $50,000. “I’m also particularly proud that my home state, Texas, is becoming an oasis for the blockchain community, for bitcoin miners, for innovators and entrepreneurs in the crypto world,”…

Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements

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Equities, crypto markets, and precious metals did well during the early morning trading sessions on Wednesday, just before the U.S. central bank wrapped up its Federal Open Market Committee (FOMC) meeting. While the Fed said in a statement that the benchmark…

Bitcoin Treasuries List Claims 59 Companies and a Handful of Countries Hold 1.49 Million BTC

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304 days or roughly nine months ago, 42 companies held bitcoin on their balance sheet with an aggregate total of 1,350,073 bitcoin on March 1, 2021. Today, metrics indicate there are 59 companies, a few countries, and exchange-traded funds (ETFs) with…

30 Day NFT Sales Continue to Run Hot With Punks and Apes, Metaverse Trade Volume Skyrockets

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The number of recorded non-fungible token (NFT) sales during the last 30 days consisted of roughly 362,374 sales. During the past 30 days, the leading NFT marketplace Opensea processed $2.39 billion, up 22.88% since last month. Decentraland volume jumped 192% since…

Proshares Bitcoin Strategy ETF Debut Captures Close to $1 Billion in Volume

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The first bitcoin exchange-traded fund (ETF) launched in the United States and smashed records on Tuesday, capturing close to $1 billion in total volume. Eric Balchunas, the senior ETF analyst for Bloomberg said that the Proshares Bitcoin Strategy ETF (BITO) definitely…

Consensys Aims for $3 Billion Valuation in Upcoming Funding Round

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Consensys, the Ethereum-based software boutique, is aiming to get a valuation that could reach $3 billion dollars in its upcoming funding round. The company would be taking advantage of the bullish climate the industry is experiencing right now to achieve this…

China’s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says ‘Don’t Panic’

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The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it had made in…