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“Against this backdrop, bitcoin has benefited from its status as a branded safe haven, a perceived relative store of value and a means of remittance,” analyst Geoff Kendrick wrote. Bitcoin has gained 65% since the start of the year. It rose above $30,000 last week for the first time in
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Investment bank MPS Capital Services has warned that the U.S. economy will be in a recession by year-end. The firm’s strategist predicts that the Federal Reserve will raise interest rates by an additional 25 basis points, warning that the central bank’s monetary tightening “will drag down on the economy.” Strategist’s Recession
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Fourth-quarter revenue of $23.4 million was driven mainly by selling energy to the power grid rather than crypto mining. Original Source
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While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over the past
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The payments company held $291 million of bitcoin and $250 million of ether, with the rest comprising litecoin and bitcoin cash. Original Source
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Here’s where the controversy lies. According to some Bitcoin business owners, certain vendors are willing to accept riskier unconfirmed transactions because they deal with low value goods and services. Those vendors have strategically optimized their operations to minimize the risk from these zero confirmation (unconfirmed) transactions. The catch, though, is
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Bitcoin moved closer to the $17,000 level on Tuesday. The digital currency dropped to $16,400, its lowest level in the last three weeks. As year-end approaches, BTC could face high volatility and low liquidity. Bitcoin Hit A Brief Surge Bitcoin surged to a short-lived peak of $16,837 in today’s session, barely 24
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Finder’s panel has always shared thoughts regarding bitcoin and where they see the price going over the next months, and even years
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Investors are snapping up bullish bets in anticipation of a resolution in Ripple's ongoing legal tussle with the U.S. SEC. Original Source
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Argo’s revenue from mining in the first half of the year was $32.5 million, down 14% from the same period last year, mainly due to lower bitcoin prices and an increase in the global hashrate and associated network difficulty. Adjusted EBITDA for the first half of 2022 fell 28% from
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