BitCoin

$500K of Bitcoin Used for Ghosn's Unprecedented Escape

$500K of Bitcoin Used for Ghosn’s Unprecedented Escape

As when we thought that  importance of Bitcoin rests solely on not paying for transaction costs, another of its dark usage arises. The decentralized platform is made accomplice in another underground activity. The clean escape worth $500,000 funded via BTC, ex-Nissan’s chairman Carlos Ghosn fled Japan, leaving no breadcrumb trail. BTC pledges to the anonymity …

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Bitcoin and Federal Reserve

The Fed’s Balance Sheet Declines: Will Bitcoin Rise or Fall?

The US Federal Reserve’s balance sheet declined by $8 billion in the week ending July 8. It now has a total of $6.97 trillion from the record high of $7.16 trillion in early June. According to the Fed bank in Saint Louis, the decline was its largest in 11 years. Fed began launched the liquidity-boosting …

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Bitcoin Miners’ Revenues Substantially Fall

Bitcoin Miners’ Revenues Substantially Fall

Bitcoin (BTC) miners have already been struggling since the top cryptocurrency’s halving. But seeing the fall in numbers amid financial concerns from the coronavirus pandemic leaves investors at the edge of their seats. A month after the halving, when Bitcoin’s mining rewards was shed by half, miners have suffered a 23% decline in revenue. Reduced …

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