In a statement Block Inc reported a first-quarter operating profit that has topped analysts’ estimates. With the news reaching the market, Block’s shares rose by 10% in extended trading. Block also reported a lower-than-anticipated adjusted profit after demand for bitcoin weakened… Read More ›
With short-seller Hindenburg Research stating that it was going short on China’s Ebang International Holdings Inc, shares of the Chinese bitcoin mining machine producer slumped by nearly 20% in early trading. “Ebang claims to be a “leading bitcoin mining machine… Read More ›
The move has widespread geo-political and geo-economic implications, including for its neighbor North Korea which is increasingly banking on such currencies to flush its economy with cash. On Thursday, South Korea’s Justice Minister disclosed that it is preparing a law… Read More ›
Here are potential reasons why the bitcoin is facing headwinds in its efforts to join as a mainstream currency, despite its underlying technological strength. While shedding light on why bitcoin is facing headwinds on joining the mainstream, BlackRock’s Chief Executive,… Read More ›
Ether is a new cryptocurrency which has nearly tripled its value. Although Bitcoin suffered its biggest ever fall since early 2015, with investors selling the crypto currency on worries about its future, it quickly regained its composure. Having touched… Read More ›
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