Bitcoin
We sent bitcoin from Miami to a Ukrainian in Poland who withdrew it as cash, all in less than three minutes
Alena Vorobiova hadn’t thought much about bitcoin before Russia invaded Ukraine in February. Fast forward to border closures and shelling on her hometown, cash shortages at ATMs across the country, and the central bank suspending electronic cash transfers — and she decided to give bitcoin a try. Whereas money providers often charge transfer fees of […]
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Crypto firm Tether to further reduce holdings of commercial debt in stablecoin reserves
PARIS — Crypto firm Tether is planning to reduce its holdings of commercial debt in its reserves, as the issuer of the world’s most-used “stablecoin” continues to face questions about what its digital currency is actually backed by. Last year, Tether revealed that it held some cash but also bought a large amount of commercial […]
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Crypto firm hits back at Cathie Wood: ‘I think the market is pretty clear — her position is down 50%’
Blockchain.com co-founder Nicolas Cary hit back at Cathie Wood after the investor took a swipe at he crypto business by questioning its valuation and management. “If you look at the others like Blockchain.com, its valuation over the past year has tripled while Coinbase in our portfolios is down 40%. That makes no sense,” Wood, the […]
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Want to be paid in crypto? Here are the rewards — and the risks
There’s no denying that with the Great Resignation, workers are more empowered to seek what they want from their jobs. Other than flexibility and better benefits, a new workplace perk is gaining popularity — the option of being paid in digital currency. According to a global poll by financial consultancy deVere Group, cryptocurrencies could become […]
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Binance deepens Middle East expansion with ‘in-principle’ Abu Dhabi approval; CEO says ‘more to come’
Binance CEO Changpeng Zhao said the company is “not shunned elsewhere” and that there’s “more to come.” Wei Leng Tay | Bloomberg | Getty Images Cryptocurrency exchange Binance has obtained a provisional green light from Abu Dhabi regulators, deepening its expansion in the Middle East. The company said Sunday it was given approval “in principle” […]
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Tesla, Block and Blockstream team up to mine bitcoin off solar power in Texas
Solar panels are seen in this drone photo at the Impact solar facility in Deport, Texas, July 15, 2021. Drone Base | Reuters MIAMI — Blockstream and Jack Dorsey’s Block, formerly Square, are breaking ground on a solar- and battery-powered bitcoin mine in Texas that uses solar and storage technology from Tesla. Tesla’s 3.8 megawatt […]
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This crypto fund has outperformed bitcoin for the last five years. Here’s how
A visual representation of Bitcoin. Edward Smith | Getty Images In a space filled with venture investors and traders, a blockchain fund run by value managers thinks it can give investors greater returns than bitcoin itself. Bitcoin has been called the best performing asset of the decade by some. Off the Chain Capital, a fund […]
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World’s biggest darknet marketplace, Russia-linked Hydra Market, seized and shut down, DOJ says
U.S. Attorney General Merrick Garland speaks to the press at the Justice Department after all three defendants were found guilty of federal hate crimes for murder of a young Black man, Ahmaud Arbrey in Washington, DC, U.S., February 22, 2022. Nicholas Kamm | Reuters Hydra Market, which was considered to be the world’s largest and […]
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There’s a new way to quickly send U.S. dollars around the world with bitcoin
A visual representation of Bitcoin cryptocurrency. Edward Smith | Getty Images There’s a new and low-cost way to quickly send U.S. digital dollars around the world without a bank. And it’s built on bitcoin. Blockchain start-up Lightning Labs announced Tuesday that it’s launching the Taro protocol, a technology that will route fiat-pegged stablecoins and other […]
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Investing may be getting too complex for retail investors — and even professional brokers
As more cutting-edge investment products work their way into the marketplace, there’s growing fear retail investors and even professional brokers are getting in over their heads. Former SEC attorney David Gorman, who’s now a partner at Dorsey & Whitney, contends complex products designed for profits are creating unprecedented risks and U.S. regulators are taking notice. […]
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