Month: May 2022

Report Investigates a Secret, Invitation-Only Crypto Event Held in Beverly Hills – Bitcoin News

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According to a recent report, a secretly held, invitation-only crypto gala took place in Beverly Hills called the “Medici LA 22” event. The exclusive cryptocurrency gathering took place under the radar, but the two-day meeting was reported on after “130 or so” attendees met. An Exclusive, Closed-Door Meeting Took Place in Beverly Hills With Wall Street Big Wigs and Crypto Industry Leaders On May 3, Bloomberg reporter Yueqi Yang described an event called Medici LA 22, a secret gathering meant to create “actionable investment ideas” in the crypto industry. The…

Snoop Dogg, Clay Nation & Cardano Come Together On The Blockchain

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Legendary rapper and new owner of Death Row Records Snoop Dogg launched an NFT collaboration with an exclusive metaverse project on the Cardano blockchain early this week in hopes to start his first formal metaverse play with a bang. Related Reading | Institutional Investors Exit Market As Crypto Declines, New Report Reveals Snoop Dogg has had his fair share of engagement in crypto and has been very vocal on how he feels about the potential around the metaverse and how it can impact the world; Snoop has now set his…

Valykrie’s Bitcoin Futures ETF Gets SEC Approval, Following Teucrium Nod

Valkyrie filed its application using the Securities Exchange Act of 1934, filing a 19b-4 form with the SEC. Most of the previously-approved bitcoin futures ETFs filed by other companies were under the Investment Company Act of 1940, which follows a slightly different regulatory pathway to approval. Valkyrie is the second ETF to win approval with the older law, following Teucrium. Both companies also filed under the so-called “33 Act.” Source

Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy

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Luna Foundation Guard (LFG), a Singapore-based nonprofit tied to the Terra Luna ecosystem, has raised another $1.5 billion to further expand its already hefty Bitcoin (BTC) reserves. The raise allowed LFG to acquire 37,863 BTC via over-the-counter swaps with broker Genesis Trading and an additional purchase from Three Arrows Capital, a leading crypto venture capital firm. The specific breakdown of the deal included a $1 billion over-the-counter swap with Genesis for $1 billion in UST and a $500 million BTC purchase from Three Arrows Capital, the company disclosed Thursday.  LFG…

H&R Block CEO discusses taxes, cryptocurrency market

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Jeff Jones, H&R Block CEO, joins ‘Closing Bell’ to discuss how its business has benefitted from the pandemic. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast…

Argo Blockchain facility in West Texas expects to start mining Bitcoin in May

Crypto mining company Argo Blockchain’s plans to open a data center in West Texas are likely nearing completion following an inauguration ceremony. In a Thursday announcement on Twitter, Argo said it expects to begin mining operations at its Helios facility in Dickens County, Texas starting next week. The announcement came more than a year after the mining firm purchased a 320-acre land plot to construct the facility, first breaking ground on the 200-megawatt data center in July 2021. We are thrilled to announce the energization and opening of Helios, our…

Bitcoin’s $40K Breakout Elusive as Fed-Inspired Dollar Drop Loses Steam

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The dollar index (DXY), which tracks the greenback’s value against major currencies, jumped 0.7% to 103.25, having dropped 0.9% to 102.51 Wednesday. The futures tied to the S&P 500, Wall Street’s benchmark index and the tech-heavy Nasdaq index traded at least 0.5% lower, signaling a weak open following Thursday’s surge. Heading into the meeting, the Fed funds futures saw around a 40% chance of a 75 basis point hike in June. Therefore, risk assets picked up a bid after Powell dashed hopes of a bigger move. Original