The chief investment officer (CIO) of $9 trillion asset manager BlackRock, Rick Rieder, has revealed he believes bitcoin will be a “part of the investment arena” for years to come, even though he argued BTC has “not reached maturity yet” as an asset. Speaking during CNBC’s “Squawk Box,” Rieder weighed in on Elon Musk’s recent announcement revealing Tesla would no […]
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German investment firm Iconic Funds is listing a physical Bitcoin ETP on the Deutsche Boerse Xetra exchange. The digital asset exchange product is expected to expose bitcoin to institutional clients. Bitcoin ETP will Expose Institutional Clients to Bitcoin This development was revealed by Iconic Funds today, May 12, in a press release with additional details explained by the investment firm. The Iconic […]
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Elon Musk has announced Tesla no longer accepts bitcoin for payments just a month after the company began doing so. He said: “Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. Cryptocurrency is a good idea on […]
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Physical cryptocurrency ATMs were one of the first markers of progress for the crypto industry starting from the early to the mid-2010s. Crypto ATMs essentially indicated that there was significant demand for cryptocurrency, specifically bitcoin, and as the markets for cryptocurrency have grown, so has the prevalence of bitcoin and general crypto ATMs. Now, MoneyGram has announced that thanks to […]
Read moreShares of insurance company SelectQuote, Inc. (SLQT) are down more than 18% Wednesday morning despite reporting revenue and earnings growth in the third quarter. Net Income in the third quarter increased to $36.48 million or $0.22 per share from $23.72 million or $0.17 per share in the same quarter a year ago. Analysts polled by Thomson Reuters expected the company […]
Read moreShares of OneConnect Financial Technology Co., Ltd. (OCFT) are up 5 percent on Wednesday’s trading as the Chinese company reported narrower loss in the first quarter. OneConnect Financial posted net loss of RMB 305 million in the first quarter, lower than net loss of RMB 415 million in the year-ago quarter. On a per ADS basis, net loss was RMB […]
Read moreShares of live TV streaming platform fuboTV Inc. (FUBO) climbed 9 percent on Wednesday’s trading on strong first-quarter revenues. fuboTV reported first-quarter net loss of $70.2 million or $0.59 per share, compared to $55.6 million or $1.83 per share last year. Total revenues for the quarter surged 135% to $119.7 million from $51.0 million last year. Analysts polled by Thomson […]
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When the world was first introduced to Bitcoin, it didn’t receive the universal acclaim it deserved. However, despite facing over a decade of criticism head-on, Bitcoin, cryptocurrencies, and blockchain technology as a whole have come out on top. It’d be inaccurate to say this all happened naturally – but while there were undoubtedly external forces at play, crypto’s growth over […]
Read moreMarriott International, Inc. (MAR) on Monday reported a loss compared to a profit last year, materially impacted by the COVID-19 global pandemic and efforts to contain it. However, adjusted earnings per share topped analysts’ expectations, but annual revenues missed it. For the first quarter, the hotel chain reported a net loss of $11 million or $0.03 per share, compared to […]
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