Block Inc Shares Soar After Q4 Bitcoin Revenue Drops
• Block Inc. experienced a rise in its share price after-hours trading, but their bitcoin (BTC) revenue is falling due to the price drops. • Cash App’s bitcoin gross profit decreased by 25% year-on-year, coming in at $35 million for the quarter. • Block Inc reported a significantly increased net loss for the quarter, reaching…
SEC’s Policy on ETH and XRP Sparks Controversy, Forbes Deletes Piece
• Forbes‘ Senior Contributor Roslyn Layton wrote a controversial essay about SEC’s policy regarding ETH and XRP. • The article was mysteriously removed from the website, prompting outrage from the XRP community. • SEC has been fighting Ripple’s attempts to get records associated with the process of crafting the Hinman speech. Forbes Article Removed Amid…
Bitcoin Slumps to Two-Week Low: How Low Will it Go?
• Bitcoin (BTC) posted its lowest price in the last two weeks on Feb. 9 • Several crypto analysts had previously warned that bears would look to escalate the drop if BTC lost its low • BTC had a 24-hour trading volume of $29.08 billion and a live market cap of $435.2 billion Bitcoin Records…
Creditor Moves to Appoint Trustee to Investigate Voyager Digital’s $1B Loan Scandal
• Michelle DiVita, a voyager creditor, filed a motion to appoint a Chapter 11 trustee to seize the bankrupt firm’s estate. • The motion accuses Voyager Digital of hiding book information from creditors, including understated loans totaling $1 billion. • DiVita expressed her concerns on Twitter that Voyager misinformed the public through inaccurate data. Financial…