Square Inc. Chief Executive Officer Jack Dorsey said on Friday the fintech firm is looking to build a bitcoin mining system based on custom silicon and open source for individuals as well as businesses. This would add to Square’s existing bitcoin-focused projects including a business to build an open developer platform, as well as a…
Square CEO Dorsey Says Looking to Build a Bitcoin Mining System: Tweet
October 16, 2021
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NTD Business Full Broadcast (Oct. 15)
American consumers spending more, but are they buying more stuff? Or are things just more expensive? In the first prosecution related to the Boeing 737 MAX accidents, a former pilot has been charged with lying to the U-S government. And Bitcoin hits an all-time high today, topping 62-thousand dollars. What’s behind the surge?
Bitcoin Tops $60,000, Nears Record High, on Growing US ETF Hopes
October 15, 2021
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LONDON/HONG KONG—Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund (ETF) based on its futures contracts. Cryptocurrency investors have been waiting for approval of the first U.S. ETF for bitcoin, whose recent rally…
JP Morgan CEO Jamie Dimon Calls Bitcoin ‘Worthless,’ Says It Will Be Government Regulated
JP Morgan chairman and CEO Jamie Dimon has branded Bitcoin as “worthless” and said that governments will soon regulate cryptocurrencies. Dimon has been outspoken about digital currencies in the past, previously telling Axios that it has “no intrinsic value” and that regulators are going to “regulate the hell out of it.” At a virtual event hosted by…
China Proposes Adding Cryptocurrency Mining to ‘Negative List’ of Industries
BEIJING—China has added cryptocurrency mining to a draft list of industries in which investment is restricted or prohibited, although it reduced the number of sectors on the list overall, a document released by the state planner showed on Friday. The “negative list” details sectors and industries that are off-limits to both Chinese and foreign investors….
Sen. Lummis Discloses Bitcoin Purchase Worth up to $100,000
Sen. Cynthia Lummis (R-Wyo.) has disclosed that she purchased up to $100,000 worth of Bitcoin just weeks after Senators sought to make adjustments to the bipartisan infrastructure package’s cryptocurrency reporting rules. According to a Periodic Transaction Report filed Oct. 7, Lummis purchased $50,001-$100,000 in the digital currency on Aug. 16, from River Financial, a bitcoin exchange platform. The Republican senator has been a longtime supporter…
Coinbase ‘More Aligned,’ Has More Employees After Cutting Woke Activism out of Business: CEO
Coinbase is now “much more aligned” and has even increased the number of its employees a year after the company announced it would focus on creating an open financial system for the world and disengage from social activism and political issues, prompting some workers to walk out. In series of Twitter posts published on Oct….
Bitcoin Rises 7.1 Percent to $55,163
Bitcoin rose 7.11 percent to $55,162.92 at 20:01 GMT on Wednesday, adding $3,661.73 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 98.9 percent from the year’s low of $27,734 on Jan. 4. Ether, the coin linked to the ethereum blockchain network, rose 2.15 percent to $3,591.72 on Wednesday, adding $75.63…
Cryptocurrencies Post Inflows for 7 Straight Weeks, Led by Bitcoin: CoinShares Data
October 5, 2021
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NEW YORK—Cryptocurrency investment products and funds recorded inflows for a seventh straight week, as institutional investors warmed to more supportive statements from regulators, data from digital asset manager CoinShares showed on Monday. Inflows to the sector were $90.2 million last week, led by bitcoin which snagged $69 million, according to CoinShares data as of Oct….
NTD Business Full Broadcast (Oct. 1)
Inflation, a key indicator closely watched by the Fed, is still at historically high levels. Is it going to slow down growth going forward? Drugmaker Merck’s stock is up 8 percent Friday. It says its experimental drug for COVID-19 cuts the risk of death or hospitalization by 50 percent. It’s applying for emergency use with…
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