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...Bitcoin surged to a record high of $73,800 in mid-March but has dropped more than 14 per cent this month, to less than $60,000 on Wednesday....
...In the next 24 hours or so, those rewards fall from 6.25 bitcoins to 3.125 bitcoins, or from $408,000 to about $204,000 by current prices....
...March job gains surpassed the upwardly revised 155,000 in February and the 148,00 jobs that economists polled by Reuters had predicted....
...But within the space of six weeks it broke through $50,000 and registered its current all-time high price of $73,800 on March 14, representing a 70 per cent gain since the bitcoin ETFs started trading....
...The rapid ascent has revived memories of the crypto bull market that pushed the token to its record peak of nearly $69,000 in November 2021, as investors pile in amid “fear of missing out” on further price...
...That missed economists’ forecast for 675,000 new home sales, but January’s figure had been revised higher to 664,00....
...UK investors have watched as bitcoin rose to register an all-time high above $70,000 this month, surging from roughly $42,000 in January....
...The price has surged since US regulators in January approved spot bitcoin exchange traded funds issued by Wall Street stalwarts including Fidelity and BlackRock, the world’s largest asset manager....
...Citigroup said it expected to cut at least 20,000 jobs, about 10 per cent of its workforce, as the struggling US bank reported its worst quarter in 14 years....
...That compares with 14 per cent in 2023. Conversely, there will be periods where renewables output is insufficient to meet demand....
...In April 2021, US sanctions body Ofac put 16 groups and 16 individuals on its list, accusing them of meddling in the 2020 US presidential election....
...The US group said on Thursday it would waive fees for 60 days for customers wanting to trade cryptocurrencies on its professional market, if they have traded more than $500,000 a month on a rival exchange...
...Bitcoin prices are at fresh record highs in many currencies. In dollars the cryptocurrency is up more than 40 per cent over the past month. The $69,000 intra day high set in 2021 is within reach....
...There are about 6,300 tokens issued weekly by bitcoin but the ETFs have bought around 50,000 coins in that period. QED....
...The US is taking a closer look at exactly how much energy bitcoin mining in local areas in the US suck up, and trying to assess how it stacks up against directing to other uses, such as keeping people’s...
...In the real world, if you lend $1,000 you can expect to receive interest....
...at Z$36,000 to the dollar....
...This month the bitcoin price hit a record high of $73,000 — four times its level in late 2022 when FTX imploded....
...Of the USW’s 1.2mn members, only about 11,000 work for US Steel. Their fear is that Nippon will close the ageing blast furnaces where most of them work....
...The repayments to more than 100,000 creditors have become a critical plank for lawyers defending former FTX chief executive Sam Bankman-Fried ahead of his sentencing in the US this week....
...But could a company trading at a revenue multiple of 1,400 suddenly trade at a multiple of, say, 3,000? Sure! Why not?...
...They are usually pegged to sovereign currencies and the majority of trading in crypto markets is done with stablecoins....
...Tesla is cutting more than 10 per cent of its workforce — at least 14,000 jobs — as a worldwide EV slowdown and brutal price war hit the American automaker....
...128,000 people....
...The price of bitcoin traded above $50,000 on Monday for the first time since 2021, underscoring the sharp change in appetite for the token since mainstream bitcoin investment funds launched earlier this...
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