Crypto Miner Hut 8 Reports Surprise Q4 Loss
The miner's Q4 revenue was in line with expectations, while EBITDA missed estimates. Original Source
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Reports
Biden Planning to Sign Executive Order on Crypto This Week: Reports
The White House has been working on coordinating the efforts of different federal agencies since last year. Original Source
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SEC investigating NFT market over potential securities violations: Reports
The U.S. Securities and Exchange Commission (SEC), led by crypto-skeptical Chairman Gary Gensler, is reportedly investigating NFT creators and marketplaces for securities violations, according to a report from Bloomberg. Anonymous sources in the report claim that the SEC is investigating whether: “certain nonfungible tokens… are being utilized to raise money like
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Sanctions May Not Affect Russia’s Access to Crypto, Reports Claim – Bitcoin News
As sanctions rain on Russia, following the Kremlin’s decision to invade Ukraine, media reports have suggested that they are unlikely to limit the country’s access to crypto assets. While the Russian elite may use them to circumvent restrictions, ordinary Russians are also likely to keep trading digital coins on foreign
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Bank of Russia Reports First Successful Digital Ruble Transfers Between Users – Finance Bitcoin News
Testing of the digital ruble has started in Russia with the country’s central bank announcing the first complete transactions between individual wallets. The monetary authority, a staunch opponent of cryptocurrencies, says its digital currency will create new opportunities for citizens, businesses, and the Russian state. Digital Ruble Transactions Carried Out
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Bitcoin Miner Iris Energy Reports Record Earnings, With Expansion on Track
In its first quarterly results since coming public late last year, Sydney-based Iris Energy (IREN) reported mining 364 bitcoin in the fiscal second quarter (ended Dec. 31), up 51% from three months earlier. Original Source
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Metaverse Tokens AXS, SAND Plummet as Meta Reports $10B Loss
“Without clear utility for the value of the metaverse tokens, it serves as a proxy for investor's sentiments on the future of the metaverse,” said Vincent Choy, ecosystem architect of Oz Finance, in an email to CryptoX. “I believe that there will correlation between the tokens and stocks until the
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Meta Reports a Loss of $10.2B on Augmented/Virtual Reality Operations in 2021
Meta Platforms (META) reported that it lost $10.2 billion in 2021 on its newly broken out Facebook Reality Labs (FRL) division, which comprises its augmented and virtual reality operations, in its fourth quarter earnings report.Meta announced in the third quarter that it would be breaking out results for the division
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Meta Reports Loss of $10.2B on Augmented/Virtual Reality Operations in 2021
Overall, Meta reported adjusted Q4 earnings per share of $3.67, falling short of the consensus analyst estimate of $3.85, according to FactSet, while revenue of $33.7 billion was just ahead of the consensus estimate of $33.4 billion. Meta's guidance for first-quarter 2022 revenue also fell short, coming in at between
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CoinDesk Reports
The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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