Tag Archives: Bitcoin

Square (SQ) hasn’t escaped the volatility in bitcoin this year by any means.  The payments platform — which allows the buying and selling of bitcoin via its Cash App — said Monday its second quarter bitcoin revenue clocked in at $2.72 billion. That’s a 23% drop from the first quarter. Gross profit from Square’s bitcoin business tallied $55 million, down $20 million from the first quarter. Year-to-date Square has been forced to take $65 million in impairments related to its bitcoin… Source link

Dogecoin has come a long way since being founded as a joke. The meme coin, as it’s known, has muscled its way into the top eight cryptocurrencies with a market capitalization of USD 26.8 billion. With Doge hovering at USD 0.20, the Dogecoin community has become increasingly bullish on the potential of this meme coin. They are increasingly comparing their favorite cryptocurrency to bitcoin, especially since billionaire Elon Musk showed a preference for Doge, which has fueled a rivalry. Source link

(Bloomberg) — Bitcoin pulled back to $40,000 after climbing over the weekend to the highest levels since May. The largest cryptocurrency was trading at $40,226 as of 8:28 a.m. in London after falling as much as 4.9% Monday. Other virtual coins including second-ranked Ether also fell. Analysts suggested profit-taking lay behind the declines. This is “just a normal pullback following bullish action,” said Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore. The declines… Source link

The run-up in bitcoin‘s price witnessed during the final days of July is facing pressure from sellers looking to cash in their profit amid tensions over a proposed U.S. infrastructure bill’s language. The pullback from Saturday’s top of around $42,400 to current prices of around $39,500 is likely associated with uncertainty surrounding the bill, according to Daniel Kim, head of capital markets at Australia-based decentralized lending company Maple Finance. An earlier version of the bill… Source link

BeInCrypto – The fear and greed index has been updated to “greed” as bitcoin hits $42,600.  Bitcoin has seen a resurgence in price following twelve consecutive days of bullish momentum. Bitcoin has seen twelve days of green for the first time since February as it headed towards its previous all-time high.  However, following a dramatic decline to $29,000 in July, bitcoin has managed to climb nearly 45% in less than two weeks. Currently priced at $41,600 on Sunday, the fear and greed… Source link

(Bloomberg) — Bitcoin hit its highest level since mid-May and continues to build momentum. The largest cryptocurrency gained Sunday for an 11th day in the past 12 and traded up to $42,606, its highest since May 18. Market watchers have pointed to $40,000 as an important inflection point. It was up about 0.5% at $41,739 as of 6:13 a.m. New York time on Sunday. “A run like this certainly suggests some flow backing,” said Jonathan Cheesman, head of over-the-counter and institutional sales at… Source link

What happened: New data shows the difficulty of Bitcoin (CRYPTO: BTC) mining is on the upswing. According to data from BTC.com the level of difficulty to mine the cryptocurrency increased by 6% on Saturday. It’s the first increase in difficulty for Bitcoin miners since the digital currency began to crash in May, according to a report from Decrypt. Why it’s important: The rate of difficulty has plunged since peaking at a record high in mid-May. The level continued to decrease in June and… Source link

Variety What’s Coming to Disney Plus in August 2021 In August, Disney Plus is bringing new episodes of freshman series such as “Chip ‘n’ Dale,” “Monsters at Work” and “Turner & Hooch” to the streaming service. The streamer will also have some throwback movies like “Beverly Hills Chihuahua” series, “Mrs. Doubtfire,” “Aquamarine” and “Eragon.” The first-ever animated Marvel Cinematic Universe series, “What If?,” will […] Source link

Investopedia 6 Social Security Changes for 2021 Every October, the Social Security Administration (SSA) announces its annual changes to the Social Security program for the coming year. Below is our analysis of the Social Security changes that were announced in Oct. 2020 to take effect on Jan. 1, 2021, according to the SSA’s annual fact sheet. Keep them in mind when you update your Social Security information. For 2021, nearly 70 million Social Security recipients are seeing a 1.3%… Source link

Soon after bitcoin (BTC-USD) startled investors with a rare drop below $30,000 last week, the cryptocurrency has rebounded dramatically in recent days, rising well above $40,000.  The sudden bounce back has cheered bitcoin bulls but also underscored a concern among critics that the volatility of the most popular cryptocurrency makes it useless for the buying and selling of goods.  Pavan Sukhdev, the president of environmental advocacy group WWF International and a former managing director at… Source link