Day: May 6, 2020

Bitcoin em Alta Passa os 7mil Dólares e Ethereum tem Ganho +14%

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin teve uma alta boa nessa segunda feira, com destaque para o Ethereum que teve ganhos de +14%, parece que vai ser uma semana boa para as criptos. ————— Link do Video Removido pelo Youtube ————— ————— ✅ Link p/ Meu Curso Bitcoin para Iniciantes ✅ ————— ————— APOIADORES: Compre Bitcoin / Ethereum / Litecoin / na BitcoinTrade KriptoBR – Trezor HardWallet – Pronta Entrega no Brasil cupom desconto: investimentosdigitais AlterBank – Seu Cartão com Criptomoedas convite: investimentosdigitais CriptoPlanet (Camisetas Investimentos Digitais)…

Bitcoin Is a Digital Asset Says Intermediate People’s Court in China

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The Shanghai No. 1 Intermediate People’s Court publicly announced an appeal for a Bitcoin foreign property damage compensation dispute on May 6, according to Baidu news.  The second Court trial’s findings indicated that Bitcoin is a digital asset and should be protected by the law. All Bitcoin obtained through illegal means should be returned or compensated at a discount, says the local news.   All started with a robbery According to the report, an international married couple in Shanghai, Pete and Xiaoli Wang, were robbed at their apartment by four people…

New Bill Would Presume That Digital Assets Are Not Securities in California

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Per new updates to a bill to amend California’s securities law introduced in the state’s legislative body on May 5, the largest economy in the United States and the world’s tech hub may be providing new clarity to crypto owners. Formalizing the Howey Test for crypto? Updates to the definition of what constitutes a security include: “Investment contract, except any digital asset that meets one of the following criteria is presumptively not an investment contract.” The criteria named are more or less a line-reading of the Howey Test — the…

Most of Cash App’s $528M Revenue in Q1 Came From Bitcoin

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On May 6, Square released its filings for the first quarter of 2020. The filings publicized revenue for Square’s Cash App, a majority of which came from Bitcoin. The numbers for Q1 and Bitcoin’s role $306 million of Cash App’s $528 million revenue for the first quarter of the year came from Bitcoin.  Despite those numbers, Bitcoin composed a small fraction of Cash App’s profit, only $7 million of $183 million total profit. The company explained why it separated Bitcoin revenue as being more of a core mission: “We deduct…

Novogratz Alludes Stimulus Causing Recent Bitcoin Uptrend

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Multi-millionaire and former hedge fund manager, Mike Novogratz, recently posited government spending around coronavirus efforts may be the cause of recent mainstream and crypto market rallies. “Household Income in the USA could actually be up this year even though we could have 25% unemployment,” Novogratz said in a May 6 tweet, adding:   “That is unprecedented.Thanks Uncle Sam and Chairman Powell. Helps with social unrest, might explain the retail bid to the stock market, and certainly helps make the BTC case.” It is unclear exactly what Novogratz meant in his tweet,…

Coinbase Pro Trading Platform

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Overview of the Coinbase Pro trading platform for trading cryptocurrency. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Bitcoin Revenue in Square’s Cash App Tops Fiat Revenue for First Time in Q1

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Bitcoin has flippened USD on Square’s Cash App, sort of. As reported in the publicly traded fintech company’s first-quarter earnings Wednesday, Cash App brought in $222 million on all its other fiat-powered services in Q1. Meanwhile, revenue from bitcoin was $306 million, the first quarter in which bitcoin revenue surpassed all other revenue on the app.  “In the first quarter, Cash App gross profit grew 115% year over year,” the shareholder letter reported.  Gross profit on Cash App, however, remains to be found primarily outside of crypto. Of Square’s $222…

Bitcoin Revenue in Square’s Cash App Top Fiat Revenue for First Time in Q1

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Bitcoin has flippened USD on Square’s Cash App, sort of. As reported in the publicly traded fintech company’s first-quarter earnings report Wednesday, Cash App brought in $222 million on all its other fiat-powered services in Q1. Meanwhile, revenue from bitcoin was $306 million, the first quarter in which bitcoin revenue surpassed all other revenue on the app.  “In the first quarter, Cash App gross profit grew 115% year over year,” the shareholder letter reported.  Gross profit on Cash App, however, remains to be found primarily outside of crypto. Of Square’s…

Market Wrap: Derivatives May Reduce Miner Selling Pressure After Bitcoin Halving

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With less than a week to go before the expected May 12 halving event, bitcoin’s price is swinging upward. The crypto derivatives market is helping to hedge the uncertainty on which way the bitcoin market will go when miners have less revenue after the halving.  In early trading at 00:00 UTC, the world’s oldest cryptocurrency was around $8,957 before jumping as high as $9,399 at 13:00 UTC (9 a.m. EDT) on spot exchanges including Coinbase. It was changing hands at a price above its 10-day and 50-day technical indicator moving…

Anonymous Crypto Payments Cause Problems for South Korean Child Porn Case

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South Korean IT experts claim that investigators in the Telegram Nth room case could have trouble identifying users who used crypto payments to access illicit videos via the chat platform.  Overseas exchanges’ transactions could be an issue According to local media, Maeil Kyungjae, it is more difficult to trace payments made via international crypto exchanges versus local exchanges. A police officer involved in the investigation told Maeil Kyungjae: “It is complicated to realistically track the money that criminals have exchanged in foreign exchanges into Korean Won through illegal exchange offices.”…