Most of the reported losses came from investments offering big returns, while romance scams were a distant second.
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Earlier this week, US-based crypto exchange operator Gemini slashed about 10% of its workforce.
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Here’s how crypto mining companies performed on Friday, June 3.
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Ethereum mining revenues totaled $969.4 million in May — a 27.2% month-over-month drop.
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After the New York Senate passed a moratorium on proof-of-work mining, industry advocates have urged Governor Kathy Hochul to veto the bill.
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Quick Take
- Crypto Equity ETFs reflect a promising solution for investors who wish to obtain exposure to the crypto space, thanks to the fact that these products are mostly made up of western publicly traded companies
- As these ETF products grow and attract more capital, they have become an increasingly attractive alternative for investors seeking liquid investment vehicles to interact with the crypto ecosystem
- The current regulatory environment regarding cryptocurrency investment vehicles makes it difficult for investors to obtain direct exposure to the crypto market, which has driven investors to find new ways to find exposure to this market
Now as a subsidiary of Animoca Brands, Notre Game will continue scaling its games to reach global audiences.
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Lawmakers have introduced a bill that would require members of Congress to disclose financial interests in crypto.
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In this episode of The Scoop, top Wall Street analyst Mark Palmer explains why he believes Coinbase stock is undervalued.
The post Why Coinbase is undervalued, according to a top Wall Street analyst appeared first on The Block.
Quick Take
- El Salvador’s decision to make bitcoin legal tender has had ripple effects across the globe, and it’s been rumored that several other countries may follow suit.
- But El Salvador’s bitcoin efforts go well beyond the matter of legal tender — and that may be leading some advocates to misunderstand what “legal tender” really means.
