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Square's $3.5B Bitcoin Earnings Are A Bullish Sign for Institutional Adoption
Bitcoin's steady price this week may not have been flashy, but several important corporate moves are a bullish sign for things to come. Square's Q1 earnings revealed a $3.5 billion bitcoin-related profit for Cash App alone, NYDIG hired a top hedge fund titan, and Goldman Sach's first bitcoin derivatives products hit the market. "All About Bitcoin's Week-in-Review panel discusses this week's big bitcoin news.
Square’s Cash App Generated $3.5B in Bitcoin Revenue in Q1
Square’s bitcoin business is driving the bottom line. Cash App generated $3.5 billion alone in bitcoin revenue during the first quarter. “The Hash” panel discusses the significance of Square’s bitcoin success.
Iran’s Central Bank Reportedly Bans Trading of Crypto Mined Abroad
According to reports, Iran’s central bank is trying to stop trading crypto mined abroad. Many in the crypto industry are speculating the reported ban is an attempt to stop money flowing out of Iran, but is there more to the story? “The Hash” panel debates.
Want to Mine Chia? Amazon Will Let You ‘Farm’ It in the Cloud
Amazon Web Services is offering Chia mining on the cloud. There’s been a lot of buzz about the new cryptocurrency that relies on a new consensus algorithm called “Proof of Space and Time.”
Chart of the Day: Bitcoin Consolidation
Bitcoin has been trading sideways throughout the week, nearing resistance at $58K. Data suggests traders were quick to take profits during rallies, and the slowing momentum indicated bitcoin was ready to take a breath after breaking through the $50K barrier. "All About Bitcoin's" host Christine Lee breaks down the data in the Chart of the Day.
NYDIG Taps Bridgewater Associates’ John Dalby as New CFO
NYDIG has hired Bridgewater’s John Dalby, the CFO of the world’s largest hedge fund, to take over as chief financial officer at the crypto firm. The Hash” panel discusses the significance of Dalby, a traditional finance titan, moving to a crypto firm.
Musk Tweets Ahead of ‘SNL’ Appearance, Urging Investors to Be Cautious
In an uncharacteristically sober tweet ahead of guest-hosting “SNL,” Elon Musk urged crypto investors to “invest with caution.” “The Hash” panel weighs in.
Bitstamp CEO: Regulation is ‘Absolutely What the Industry Needs’
In a congressional hearing Thursday, SEC Chairman Gary Gensler called for more regulations for U.S. crypto exchanges. Bitstamp CEO Julian Sawyer explains why he would welcome such regulation and sees Gensler’s comments as positive for the industry.
Is Ether Headed Toward a Trillion-Dollar Market Cap?
Ether is emerging as the foundational base layer for decentralized finance and crypto innovations, and its price is soaring accordingly. Greg Magadini, CEO of Genesis Volatility, thinks a trillion-dollar ether market cap is a “no-brainer.” Plus, his thoughts on the crypto options markets.
Jackson, Tennessee Wants to Become the Next Bitcoin Hub
Scott Conger, mayor of Jackson, Tennessee, wants the city to become a major hub for crypto companies. Conger’s plans include facilitating mining and paying city employees in bitcoin. Conger joins “First Mover” to talk about his crypto dreams for Jackson and how he plans to make them a reality.
