Category Archives: Finance

Coinbase to Stop Issuing New Loans Via Coinbase Borrow

Advertisements May 10 is the final day customers will be allowed to take out new loans through Coinbase Borrow. Coinbase Borrow’s days are numbered. Customers of the U.S.-based exchange who used the program – which allowed customers to borrow fiat loans up to $1 million against as much as 30% of their bitcoin holdings, withContinue reading “Coinbase to Stop Issuing New Loans Via Coinbase Borrow”

White House Pushes for Punitive Tax on Crypto Mining

Advertisements The Biden administration is campaigning for a tax first sought in a recent federal budget proposal, advocating that crypto miners pay an amount equal to 30% of their energy costs. U.S. President Joe Biden is looking to impose a punitive tax on crypto mining operations for the “harms they impose on society,” the WhiteContinue reading “White House Pushes for Punitive Tax on Crypto Mining”

Vietnam Airlines unexpectedly declared a pre-tax profit of more than 19 billion dongs

Advertisements Vietnam Airlines Corporation (Vietnam Airlines, stock code: HVN) has officially released its first quarter consolidated financial statements, reporting sales of VND 23,640 billion, doubling the same time in 2022. Notably, the figure has approximated the revenue level prior to the Covid-19 crisis. The national airline’s gross profit climbed to 1,959 billion dongs, while theContinue reading “Vietnam Airlines unexpectedly declared a pre-tax profit of more than 19 billion dongs”

Crypto Storage Provider Zodia Custody Raises $36M From SBI Holdings, Standard Chartered

Advertisements Zodia Custody will use the funds to increase its token coverage and enhance its settlement product, Interchange. Cryptocurrency storage provider Zodia Custody has raised $36 million in funding from Japanese financial services firm SBI Holdings and SC Ventures, the venture arm of Zodia’s parent company Standard Chartered. Zodia Custody, which provides digital asset custodyContinue reading “Crypto Storage Provider Zodia Custody Raises $36M From SBI Holdings, Standard Chartered”

Bitcoin Volatility Hits Longs and Shorts as $175M Liquidated, $1B in Open Interest Wiped

Advertisements Few leveraged futures traders were safe as bitcoin’s price movements impacted both longs and shorts. Sudden volatility in bitcoin (BTC) caused traders of both longs and short futures to be impacted as $175 million worth of positions was liquidated and $1 billion in open interest was effectively wiped out in the past 24 hours.Continue reading “Bitcoin Volatility Hits Longs and Shorts as $175M Liquidated, $1B in Open Interest Wiped”

Optimism From Ethereum’s Shapella Upgrade Is Fading, Crypto Options Show

Advertisements Two weeks after the upgrade, the options market is assigning a slightly more negative sentiment to ether. Two weeks after Etheruem’s Shapella upgrade, the crypto options market is signaling a higher perceived risk of downside volatility in the smart contract blockchain’s native token, ether (ETH), than market leader bitcoin (BTC). On Tuesday, options tiedContinue reading “Optimism From Ethereum’s Shapella Upgrade Is Fading, Crypto Options Show”

Ethereum’s Lifetime Energy Use Before the Merge Equaled Switzerland’s for a Year

Advertisements If Bitcoin’s energy consumption can be thought of as a skyscraper, Ethereum’s energy use post-Merge, would be the size of a raspberry, according to University of Cambridge research. Ethereum’s energy consumption from the blockchain’s inception in 2015 until it moved to a proof-of-stake (PoS) consensus mechanism late last year is about equal to thatContinue reading “Ethereum’s Lifetime Energy Use Before the Merge Equaled Switzerland’s for a Year”

Bitcoin Whitepaper to Be Removed in Next Apple MacBook Update: Report

Advertisements The ‘Easter egg’ went viral earlier this year, but won’t remain on Apple for long. The Bitcoin whitepaper hidden inside the operating system of every Apple Macintosh computer shipped since 2017 will be removed in a forthcoming software update, 9to5Mac reported. The nine-page paper was discovered inside MacOS in April 2021 by user bernd178,Continue reading “Bitcoin Whitepaper to Be Removed in Next Apple MacBook Update: Report”

Exit mobile version