Argentinian Tour Guide Jerónimo Explains How He ‘Fell in Love’ With Bitcoin and Why It Is So Popular in His Country

48-year-old Buenos Aires resident Jerónimo Ferrer recently explained why crypto (in particular, Bitcoin) has become so popular in Argentina, which is the the largest Spanish-speaking nation in the world by area. Ferrer is a Business Development Associate at Paxful, which is a leading peer-to-peer (P2P) bitcoin marketplace. He is also the host of a highly rated Airbnb experience (in the Argentinian […]

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CarMax Up 6% As Quarterly Earnings, Revenue Surpass Estimates

Shares of used vehicle retailer CarMax, Inc. (KMX) are up more than 6% Friday morning after reporting better-than-expected first-quarter results. Revenue for the quarter increased 21% year-over-year to $9.3 billion. Net earnings in the first quarter, however, declined to $252.27 million or $1.56 per share from $436.76 million or $2.63 per share in the same quarter a year ago, on […]

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EBay Expanding Foray Into Blockchain Technology And NFTs

Online e-commerce giant eBay is expanding its foray into blockchain technology and Non-Fungible Tokens (NFTs) with its acquisition of NFT marketplace KnownOrigin, which provides the technology and platform for artists to create unique, authentic, digital collectibles, in the form of NFTs. The deal combines eBay’s reach and reputation with KnownOrigin’s leading technology to empower a new wave of NFT creators, […]

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Phoenix Motor Continues Rally; Up 35%

Shares of EV maker Phoenix Motor Inc. (PEV) are continuing the rally on the second day today with more than 35% rise to $7.96. The company started trading on the Nasdaq recently on June 8 at an opening price of $6.50. Wednesday, financial services company ATIF Holdings Limited (ATIF) said it had participated in the IPO. “We routinely work with […]

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Bitcoin Primed For Immense Volatility As Chinese State Media Warns BTC Could Crash To Zero

The price of bitcoin and other cryptocurrencies has gyrated in recent days as investors remain wary due to recession fears. A Monday mini-rally had BTC perched back above $20,000 but the bulls are steadily losing their grip. The world’s largest cryptocurrency saw a brief dip under the $20,000 largely symbolic barrier as crypto faces a harsh winter. Meanwhile, China’s state-owned […]

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Buterin Shoots Down PlanB’s ‘Harmful’ Bitcoin Stock-to-Flow Model That Predicts 6 Figures For BTC Price

Ethereum wunderkind Vitalik Buterin has once again harshly criticized the contentious bitcoin stock-to-flow (S2F) model created by pseudonymous Dutch quant analyst PlanB. Buterin described the model as “harmful” and said that such flawed financial models “deserve all the mockery they get.” Vitalik Savages Now Invalidated Stock-to-Flow Model Vitalik Buterin has lambasted the bitcoin S2F model that has now gone off […]

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Dan Taipero Says Bitcoin ($BTC) ‘Cannot Die Because It Will Never Die in All Places All at Once’

Dan Tapiero, a veteran global macro investor and a co-founder of Gold Bullion International (GBI), has noted on social media that Bitcoin isn’t just about the United States, nor is it an investment specific to the United States. In a tweet shared with Tapiero’s 95,000 followers on the microblogging platform, the investor noted BTC is the “first truly global macro investment” and […]

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DaVita Tumbles 10% To 20-month Low

Colorado-based healthcare company, DaVita Inc. (DVA), is trading 10% lower in the Tuesday market despite the US markets moving up. The company has also not released any stock-specific news to affect the shares. The company is currently trading at its lowest since August 2020. The company provides dialysis services to patients suffering from kidney failure. It has 339 dialysis centers […]

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