• Block Inc. reported a 7% decline in its fourth quarter bitcoin revenue. • Baird’s analyst David Koning said that Bitcoin doesn’t matter much at the current stock price of $70. • The company reported a 25% year-on-year decline related to the slump in bitcoin price and a $9 million impairment charge in Q4. Block… Weiterlesen »
• The US Securities and Exchange Commission (SEC) has charged Do Kwon, the founder of Terraform Labs, with defrauding investors. • Kwon allegedly cashed out a massive $100 million worth of Bitcoin through a bank in Switzerland. • SEC alleges Kwon and his company orchestrated a scheme to mislead investors and cause devastating losses for… Weiterlesen »
Bulletpoints: – Tether has published its latest attestation report for the fourth quarter of 2022, showing a net profit of $700 million. – The reported profit is in addition to the company’s reserves and was attested by BDO. – Tether CTO Paolo Ardoino commented that the company has proven its stability with over $21 billion… Weiterlesen »
• Indonesia is set to launch a national crypto exchange in June 2023. • The Trade Ministry has identified five active and licensed exchanges from a list of 25. • The omnibus law will provide regulatory oversight of the crypto exchange. Indonesia to Unveil National Crypto Exchange by June Timeline for Launch Indonesia initially planned… Weiterlesen »