Two Senate Democrats pressure the SEC to block crypto ETPs
Senators Reed and Butler urge the SEC to halt crypto ETPs, citing risks to investors. Coinbase’s Grewal has countered the senators highlighting Ethereum’s liquidity and market metrics. Recently, Patient Capital…
Jack Dorsey’s company, Block, launches Bitkey Bitcoin hardware wallet
Block, led by Jack Dorsey, introduces Bitkey, a $150 Bitcoin hardware wallet. The wallet is currently available for pre-order in over 95 countries including US, UK, Nigeria, and India. Customers…
Block reports a 34% increase in its second-quarter Bitcoin revenue
Block reports market-beating results for its fiscal second quarter. It attributed nearly half of its quarterly revenue to Bitcoin sales. Shares of the fintech still ended nearly 15% down on…
Litecoin completes third halving, block reward cut to 6.25 LTC
Litecoin halving is complete, with block reward reduced to 6.25 LTC. LTC price was $91 at halving, down 4% in the past 24 hours. Litecoin has halved its block reward…
Dash (DASH) completes its block reward “Halving”
Dash block reduction occurred at block height 1,892,161. Unlike Bitcoin halving that cuts block rewards in half, Dash reduces its reward by 7.14% after every 210,240 blocks. Currently, the reward…
Solo Bitcoin miner beats the odds to win 6.25 BTC block reward
A solo Bitcoin miner earned the 6.25 BTC block reward after beating the odds to solve block 793607. The miner reportedly used an Antminer S9 with about 17 TH. At…
Should you buy Block stock on a boost to bitcoin revenue in Q1?
Block didn’t see an impairment loss on its bitcoin holdings in Q1. Analysts at KeyBanc continue to see upside in its shares to $85. Block stock is currently down about…
KBW downgraded Block stock on Monday: find out why
KBW analyst now rates Block stock at market perform. Steven Kwok still sees upside in “SQ” to $75 a share. Block shares are currently down over 25% year-to-date. Shares of…
Cathie Wood grills Hindenburg for ‘wildly misleading’ investors and buys Block shares
Wood says Hindenburg’s recent short report on Block was ‘wildly misleading’. She bought more than 600,000 shares of the crypto company late last week. Block shares are down well over…
Block shares down as Hindenburg takes aim at the crypto company
Hindenburg Research reveals a short position in Block Inc. Block says it’s exploring legal action against the short seller. Wall Street has a consensus overweight rating on Block shares. Shares…