Crypto

Bitcoin plunges to $52,000 as $7.6 billion in crypto long positions liquidated

Bitcoin plunges to $52,000 as $7.6 billion in crypto long positions liquidated

$7.6 billion in crypto long positions have been liquidated over the past hour as bitcoin’s price plunged to $52,000, data from bybt.com shows. Bitcoin’s price began to trend downwards early Saturday, but the steep plunge began around 3:00 UTC on Sunday.  Bitcoin’s price dropped by more than 10% over the past hour, from $58,000 to …

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Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Computing hardware maker Nvidia is projecting as much as $150 million in revenue for its crypto mining-specific product line during the first quarter of the firm’s 2022 fiscal year. The $150 million revenue estimate was included in an April 12 release, which came months after the firm confirmed that it would produce and sell so-called …

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Big crypto VC deals have already doubled in 2021 compared to all of 2020

Big crypto VC deals have already doubled in 2021 compared to all of 2020

There were twice as many crypto venture capital deals larger than $50 million in the first quarter of 2021 than there were in all of 2020, according to The Block Research.  Last year there were four crypto venture capital deals worth more than $100 million, and three deals worth between $50 million and $100 million. …

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Charles Schwab seeks futures/forex compliance director to help shape crypto procedures

Charles Schwab seeks futures/forex compliance director to help shape crypto procedures

Charles Schwab is seeking a compliance director for its futures and forex team, and the job post for the role offers clues to the financial services firm’s crypto ambitions. The Block reported last month that Charles Schwab is currently exploring the launch of crypto brokerage, with sources saying at the time that the firm is …

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SEC issues no-action letter in response to digital asset securities questions

SEC’s Hester Peirce hopes 2021 will be a ‘turning point’ for crypto regulation in the U.S.

SEC commissioner Hester Peirce remarked during a virtual conference appearance last week that “evidence-based rulemaking is not yet the norm in crypto-regulation” as part of a wider exploration of the topic. Peirce spoke on March 15 during an event organized by the British Blockchain Association. According to a transcript of her speech, Peirce once again …

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Six people charged for running an unlicensed crypto exchange in New Hampshire

Six people charged for running an unlicensed crypto exchange in New Hampshire

United States Department of Justice (DOJ) charged six individuals with participating in a “conspiracy to operate an unlicensed” cryptocurrency exchange business” among other offenses.  Five of those charged were also indicted with wire fraud, while one was charged with money laundering and allegedly “operating a continuing financial crimes enterprise.” The individuals were aged between 34 …

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How Much Crypto Has Been Lost Due To Assets Being Sent To The Wrong Addresses

How Much Crypto Has Been Lost Due To Assets Being Sent To The Wrong Addresses

According to a recent study by Chainanalysis, around 20% of all Bitcoins are lost in the ether (no pun intended) and unrecoverable. That is highly frustrating for the individual investors but in t According to a recent study by Chainanalysis, around 20% of all Bitcoins are lost in the ether (no pun intended) …

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Proposed financial literacy law that calls for crypto education advances in Georgia

Proposed financial literacy law that calls for crypto education advances in Georgia

The Georgia House of Representatives passed a bill that calls for state education officials to develop a program focused on financial literacy, with cryptocurrency highlighted as a specific area of learning. The bill cleared the lower chamber of the Georgia legislature on March 8 by a vote of 169-2, with four no-votes and five excused. …

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