Tag: cryptocurrency

T-Mobile’s merger with Sprint is now worth $40 billion, thanks to the bulls

The state of New York will not appeal the approval of a $40 billion merger between wireless carriers T-Mobile and Sprint, Reuters reports. Instead of fighting the deal, the state’s Attorney General Laetitia James told reporters her office is looking towards ensuring consumers receive better service and lower prices, highlighting that T-Mobile committed to creating […]

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Amazon stalls Microsoft’s $10B ‘war cloud’ contract with the US gov

A US federal judge sided with Amazon on Thursday to temporarily block a $10 billion government contract awarded to its rival Microsoft, Financial Times reports. The ecommerce giant requested the Court of Federal Claims to impose an injunction on the Joint Enterprise Defense Infrastructure (JEDI) contract, which would see Microsoft build an enormous cloud environment for […]

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15 hedge fund managers earned $12B last year — thanks to bullish tech stocks

Just 15 hedge fund managers collectively earned $12 billion last year, fueled by bullish tech stocks like Facebook and Microsoft. Even more impressive, Bloomberg reports that five of those managers reaped more than $1 billion all by themselves in 2019. While most of the profits go directly to their clients, these top funds generally take 20% […]

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Sprint stocks up 75% after judge approves $26.5 billion T-Mobile merger

An anticipated $26.5 billion merger between telecommunications powerhouse T-Mobile and the failing Sprint has triggered markets into overdrive, with Sprint’s stock price surging 75% as markets opened Tuesday. Both The Wall Street Journal and The New York Times reported that a federal judge was to rule in favor of the merger today, which would see T-Mobile‘s […]

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The US government lost $1.7 billion by selling Bitcoin too early

The United States is likely to have missed out on around $1.7 billion by auctioning off seized Bitcoin BTC way too soon. Using back-dated market rates, cryptocurrency enthusiast Jameson Lopp built a handy portal to estimate the amount of money those sales have generated since 2014. Introducing the US Marshals Bitcoin Auction realtime schadenfreude tracker. As of today, […]

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Moonday Mornings: $4B OneCoin cryptocurrency scam to be made into TV drama

Welcome to Moonday Mornings, fellow Hard Forkers. You know the drill, let’s take a look at this weekend’s top cryptocurrency and blockchain headlines. 1. OneCoin investigative podcast to be made into TV drama If you didn’t get enough of the $4 billion OneCoin cryptocurrency scam then you’re in luck. According to entertainment news website Deadline, […]

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Dutch university pays $220K in Bitcoin to alleged Russian hackers

A Dutch university resorted to paying hackers $220,000 in Bitcoin BTC to release computer systems held for ransom since Christmas Eve, reports Reuters. University of Maastricht vice president Nick Bos announced at a press conference on Wednesday it had bowed to the cyberattackers’ demands, as it otherwise would’ve had to rebuild its entire IT network […]

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Twitter posts first billion-dollar quarterly revenue despite political ad controversy

Twitter Inc. broke expectations to earn more than $1 billion in revenue last quarter, a first for the social media giant. Profit numbers disappointed, however, with the Jack Dorsey-led company posting $119 million, down from $255 million in the previous quarter. On Thursday, Twitter‘s share price was up 4.8 percent in pre-market trading on the […]

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Japan’s central bank looks to Europe for guidance on China’s digital yuan

A central bank “think tank” will meet for the first time in mid-April to discuss the viability of launching their own digital currencies, Nikkei reports. Top execs from the central banks of Europe, Canada, Japan, Sweden, Switzerland, and the UK — as well as the Bank of International Settlements — formed the group in January to set […]

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UK financial regulator seeks cryptocurrency and blockchain expert

One of the UK’s main financial industry regulators is looking to better understand cryptocurrency. According to a job listing posted earlier today, the UK’s Financial Conduct Authority (FCA), the independent agency that oversees and regulates financial product offerings in the country, wants to hire a cryptocurrency expert. [Read: UK regulator wants crypto-derivatives ban to protect […]

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Tesla shorters have lost $8.3 billion in 2020 as stock price hits record high

Speculators who’ve bet against Tesla by “short-selling” its stock have already lost $8.3 billion this year, as its price surged Monday to reach a record-high, CNN reports. Such high losses can be attributed to the sheer number of $TSLA “short-sellers” out there. These investors borrow stock from a broker when they believe its overvalued, immediately […]

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Venezuelan retailers can’t replace stock because of Maduro’s Petro ‘cryptocurrency’

Petro, the cryptocurrency pet project from Venezuelan President’s Nicolas Maduro, is causing headaches for the country. Retail stores in Venezeula are protesting the Petro by refusing to accept it as a payment method, local news reports. Retailers say that no supplier accepts the “cryptocurrency,” which means vendors have to exchange it for fiat. [Read: Maduro’s […]

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MasterCard CEO on Facebook’s Libra: ‘I don’t understand how that works’

MasterCard chief exec Ajay Banga has lambasted Facebook‘s digital currency Libra, citing the social media giant’s apparently shaky attitude towards compliance for his company’s departure from the project back in October. In an interview with Financial Times, Banga noted he believed that key members of the Libra Association weren’t fully committed to “not do anything that […]

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Moonday Mornings: Twitter adds custom Bitcoin emoji

Hello Forkers, welcome to Moonday Mornings, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines you can’t afford to miss! Let’s see what happened this week: 1. Cybercriminals use Kobe Bryant wallpaper to cyptojack victims According to researchers at Microsoft’s Security Intelligence division, cybercriminals embedded a coin mining script in a digital wallpaper […]

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XRP Q4 2019: Crypto traders had one shot to make 20% profit

Ripple XRP (XRP) is still arguably the most polarizing digital asset in the cryptocurrency space. Powered by a network of less than 100 validators, Ripple Labs pitches XRP as a liquidity tool for the traditional finance sector. Its supporters fervently believe adoption is coming, while critics have long claimed that regulators may one day classify XRP as a […]

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Cambodia just months away from launching its own central bank digital currency

Cambodia’s central bank is readying to launch its blockchain-based, peer-to-peer money platform within the next few months, Phnom Penh Post reports. The system, named ‘Project Bakong,’ is a payments app powered by a central bank digital currency (CBDC). National Bank of Cambodia (NBC) chairman Chea Serey described it as “the national payment gateway for Cambodia.” […]

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Apple, Facebook, and Warren Buffett: Here’s the top 25 stocks for millennials

Millennial investors are hooked on two different kinds of stocks: Tech, and Warren Buffett‘s Berkshire Hathaway. Apex Clearing’s recent analysis of 734,000 portfolios presents the top 100 most-popular stocks with US-based investors with an average age of 31. As one would expect, FAANG is incredibly popular with the tech-savvy demographic. Facebook, Apple, Amazon, Netflix, and Google […]

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Q4 2019: Stellar gives away $16M, burns 50% of XLM — price still drops

XLM is the native cryptocurrency of the Stellar network, a blockchain-powered solution pitched to make cross-border payments more efficient. Stellar’s consensus architecture is relatively centralized when compared to Bitcoin. While this does allow it to process transactions with low fees and fast confirmation times, it does require users to place more trust in the network […]

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UK’s high court orders crypto exchange Bitfinex to dox recipients of $860K in Bitcoin

The UK’s high court has reportedly ordered cryptocurrency exchange Bitfinex to freeze $860,000 worth of Bitcoin BTC that had flowed through its platform en route to ransomware hackers. The funds were part of $1.2 million paid by a Canadian insurance company that had fallen victim to a malware strain known as BitPaymer, which locks computer systems […]

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