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For the first time since Q1 2021, Berkshire Hathaway repurchased stock worth $4.4 billion smashing the previous record of $2.8 billion. According to a report, Berkshire Hathaway Inc (NYSE: BRK), an American multinational conglomerate company, gained almost 13% year-on-year operating earnings in Q1 2023. The company’s insurance business solely contributed to
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According to the chief investment officer at Coinbase, the crypto firm is venturing into the derivatives market in order to better serve the international customer base. With a quarterly revenue of $736 million in Q1 2023, the popular cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) smashed analysts’ expectations. According to FactSet,
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BTC traded flat after a slight dip early Thursday. Ether also traded in a narrow range. Source
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Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion for the
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In-restaurant sales at Chipotle during Q1 2023 popped 22.9%, while digital sales represented 39.3% of food and beverage revenue. Despite increased menu prices, Chipotle Mexican Grill (NYSE: CMG) recorded impressive earnings and revenue in Q1 2023. On Tuesday, the restaurant company released its quarterly financial performance that exceeded analysts’ expectations. The chain’s
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Just Eat now expects Adjusted EBITDA to hit €275 million, increasing its earnings outlook by €50 million despite poor orders. Online food delivery company Just Eat Takeaway.com is optimistic about its earnings outlook for 2023 regardless of a worrying reduction in the number of orders received. The company’s new outlook
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The Bank of Israel says it's preparing an action plan for the potential issuance of a central bank digital currency (CBDC),though a formal decision has yet to be made.On April 17, the Bank of Israel Steering Committee on the Potential Issuance of a Digital Shekel outlined possible scenarios for the
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On March 23, 2023, bitcoin experienced another difficulty increase, following two previous rises in the last month, jumping 7.56% higher. Currently, bitcoin miners have not been deterred by the increases, as the network hashrate has been coasting along at 346 exahash per second (EH/s). Bitcoin Hashrate Remains High Despite Recent 7.56%
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The top six nonfungible token (NFT) marketplaces saw a rise in NFT wash trading for the fourth straight month with a total volume of $580 million.According to a new report from CoinGecko, February 2023 witnessed a 126% increase from the previous month’s volume of $250 million. As for a reason for
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Publicly-listed Bitcoin (BTC) mining firm Argo Blockchain has increased its daily BTC production despite a significant spike in network difficulty.During the month of February, Argo mined a total of 162 of Bitcoin or BTC equivalents, translating to 5.7 BTC per day, the firm announced in an operational update on March
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