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Block, the parent company of Square, Cash App, Spiral, TIDAL, and TBD, released Cash App’s Q4 2021 results, which demonstrate how providing Bitcoin brokerage services might be a good business strategy. During Q4 2021, Cash App generated $1.96 billion in bitcoin revenue and $46 million of bitcoin gross profit, up 12% and 14% year-over-year (YoY),
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The Brazilian Senate’s Economic Affairs Committee (CAE) approved a bill on Tuesday to acknowledge and regulate the Bitcoin and cryptocurrency markets in the country, according to an official statement. CAE’s unanimous approval of PL 3825/19 – a bill authored in 2019 by Senator Flavio Arns but jointly crafted with the central bank, securities exchange commission
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Minutes after Russia announced a “special military operation” in Ukraine, effectively declaring war on the Eastern European country, Vitalik Buterin, a Russian-Canadian cofounder of the Ethethereum B blockchain, criticized Russian President Vladimir Putin on Twitter. Buterin Speaks Out Buterin said on Wednesday evening that he was “very upset” by Putin’s choice to start a war
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Streaming service provider Sling TV now accepts bitcoin payments. Existing customers can prepay 1-6 months of service using bitcoin and cryptocurrencies. New customers must pay for the first month using legacy payment methods and can use bitcoin payments starting in the second month. Sling TV, the cord-cutting service provider that allows its users to stream
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As a seasoned Bitcoiner, are you not at times frustrated that the vast majority out there are still not “getting” Bitcoin? How many more times can you stand hearing that BTC is too expensive, and therefore, ETH or XRP are a better buy? It’s an adoption curve dilemma: we are early adopters, but statistically speaking
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Neon, an NFT marketplace and gallery built on Solana recently rolled out the world’s first NFT vending machine–located just off Wall Street in New York. The machine operates 24/7 and facilitates NFT purchases with no cryptocurrency, crypto wallet, or specialized knowledge required.  How does it work? Located in the Big Apple’s financial district, the unique
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The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The FRED Equity-Related Economic Uncertainty Index reached its sixth-highest reading ever today, as liquidity continues to dry up
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According to research published by Chainalysis, criminal entities hold more than $25 billion in cryptocurrencies. The blockchain intelligence firm’s study shows that there was a significant increase in crypto balances held by criminals in 2021 as the metric jumped by 266% since the year before. Chainalysis Studies Crypto Whales Holding Balances Tied to Illicit Addresses
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Bitcoin donations to Ukrainian armed forces have soared following the Russian President’s commands to invade the neighboring country. Over 14.5 BTC worth more than $550,000 have been donated so far on Thursday to one of the largest organizations supporting the Ukrainian army. Come Back Alive began operating in 2014 after a Russian invasion of Crimea
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The broader crypto market jolted hard owing to the tension between Russia and Ukraine. Uniswap broke below its crucial support level and was priced at $8.32. Bitcoin slid off its charts at press time, after noting a 9% depreciation. The crypto market had barely recovered from the December crash. With the Russia and Ukraine tension
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How mining works is fascinating. When I explain it to people, I enjoy seeing their face the moment their mind is blown. I’ll explain it here, but just know, I’m imagining all your faces as your minds blow! I have to start with hash functions. Without hash functions, Bitcoin would not be possible. Let me
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The U.S. will block five of the biggest Russian banks and freeze all assets they hold in America, worth over $1 trillion, President Joe Biden said in a press conference Thursday. U.K. prime minister Boris Johnson imposed similar sanctions earlier Thursday, freezing the assets of all major Russian banks and cutting them off from the
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Yearn, the seventh-largest DeFi application on Ethereum by Total Value Locked (TVL), has launched its service on the Arbitrum Ethereum Layer-2 network. Four months ago, Yearn took its first steps outside of the Ethereum base chain when Yearn added support for the Fantom Layer-1 blockchain. By a tweet from Yearn’s Twitter account, the veteran DeFi
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The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in response to Russia’s military offensive. National Bank of Ukraine Restricts Hryvnia Withdrawals, Fixes Exchange
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