The Latest Breaking News from Bitcoin

Bitfarms Clocks 42% Revenue Growth In Q1 Amid Declining Bitcoin Prices

Bitfarms Ltd (NASDAQ:BITF) reported first-quarter FY22 revenue growth of 42% year-on-year to $40.3 million. Revenues were down from $60 million in 4Q21. Bitfarms mined 961 Bitcoin (BTC) at an average cost of production of $8,700 per BTC during Q1. The gross margin contracted 2,600 bps to 42% as costs surged 155.4% Y/Y. The…

Benzinga · May 16, 2022

The Coming Proxy War With China? A Veteran Australian Diplomat Warns Of An Asia-Pacific Ukraine War.

The U.S. Proxy War With Russia A point I made last month, that the Ukraine War is a proxy war between the U.S. and Russia. Now that the U.S. House of Representatives has passed an enormous, $40 billion in aid for Ukraine, more observers are acknowledging that this is a proxy…

Benzinga · May 16, 2022

Cryptocurrency Bitcoin Cash Decreases More Than 3% Within 24 hours

Over the past 24 hours, Bitcoin Cash's (CRYPTO: BCH) price has fallen 3.0% to $200.64. This continues its negative trend over the past week where it has experienced a 19.0% loss, moving from $248.94 to its current price.

Benzinga · May 16, 2022

While Bitcoin, Ethereum, Dogecoin Crash — UK Crypto Platform Fetches $500M Valuation With Backing From Goldman Sachs, Barclays

United Kingdom crypto trading platform Elwood Technologies — founded by hedge fund billionaire Alan Howard — said it raised $70 million in a Series A funding round co-led by Dawn Capital and global investment bank Goldman Sachs Group Inc (​​NYSE: GS).

Benzinga · May 16, 2022

Market wrap: Federal election and hawkish RBA move expected to dominate markets this week

The month of May has lived up to its reputation as a volatile one for markets. The ASX200 closed the week 1.8 per cent lower at 7075.

The New Daily · May 16, 2022

Getting Paid in Bitcoin

Unfortunately, an automatic crypto purchase made with after-tax earnings won't lower your taxable income.

Reason · May 16, 2022

New Look: Missing Crypto Queen May Have Surgically Changed Appearance To Avoid Capture

A ‘crypto queen’ who scammed investors and disappeared with their millions half a decade ago may have had plastic surgery to avoid capture, say cops in Germany.

Zenger · May 16, 2022

Bitcoin has no future as a payments network - FTX

Cryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticised the digital currency for its inefficiency and high environmental costs.

Bangkok Post · May 16, 2022

Terra hasn’t killed crypto, but it was a narrow escape

NEW YORK: Speculation that the collapse of one of the biggest experiments in decentralized finance could bring about the death of crypto appears to have been overblown. If Terra’s implosion had happened after a few more months of growth, the resultant market impact might have created a DeFi version of…

The Times of India · May 16, 2022

Elkrem Capital issues novel DeFi strategy

Elkrem Capital, a decentralised finance (DeFi) asset management service provider under the Cryptomind Group, has launched "E-Growth", a new investment strategy to help investors capture returns from DeFi amid market volatility.

Bangkok Post · May 15, 2022