Tether profits hit $5.2b in H1 2024, new record

USDT issuer Tether disclosed net profits of $1.3 billion in the second quarter of the year, adding to the $4.5 billion generated in Q1 to set a new record. Tether’s (USDT) second quarterly attestation reported that the company hit $5.2…

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Fear And Greed Index Tilts Towards Greed As Bitcoin Rises Above $66K; Algotech (ALGT) Presale Also Rises Above Investors’ Expectations

With the Fear and Greed Index leaning towards Greed for Bitcoin (BTC), crypto investors are optimistic they will record profits from most top altcoins as Bitcoin dominance helps it steer the market.

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Tether reports record $4.52 billion profit in Q1 despite shrinking market share

Stablecoin issuer Tether (USDT) achieved a historic net profit of $4. 52 billion in the first quarter despite facing a significant drop in market share. Record net profit According to the attestation report shared with CryptoSlate, the firm’s substantial profits chiefly originated from its US Treasury holdings, supplemented by gains from its Bitcoin and gold investments.

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Tether Posts Record Quarterly Profits of $4.52 Billion

Tether reports a Q1 profit of $4.52 billion, mainly from U.S. Treasury bonds, marking a significant increase in financial transparency and stability. The post Tether Posts Record Quarterly Profits of $4.52 Billion appeared first on BeInCrypto.

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Tether bags record $4.5b profit in Q1

USDT issuer Tether set a new record after making $4.5 billion in net profits during the first quarter of 2024. 

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Tether nets record $4.5B profit in Q1 2024 — majority from Bitcoin and gold

The majority, or $3.52 billion, of the profit stemmed from the firm’s financial gains on Bitcoin and gold, while the additional $1 billion came from operating profits.

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Bitcoin miner profits get squeezed as hash price drops to lowest since October 2023

After enjoying record profits during Bitcoin’s recent halving, miners now face a sharp decline in hash prices.

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Whale profit-taking reached $8 billion at Bitcoin’s record high

Quick Take On March 14, Bitcoin reached its all-time high, followed by a significant drop to around $60,800. Data reveals that whales holding 1,000 or more Bitcoins offloaded approximately $8 billion worth of profits at the peak.

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As Halving Approaches, Miners Turn Record Profits into New Strategies

Halving hype and ETF inflows have left Bitcoin miners with all-time profit margins. Firms are accumulating money in a mad dash, and reinvesting it to prepare for the imminent halving.

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El Salvador’s Bitcoin Investment Has Netted $85 Million In Profits Thanks To BTC Price Record Highs

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Short-term holders transfer record $4.3 billion in profits to exchanges

Quick Take Short-term holders, investors who have held Bitcoin for less than 155 days, transferred 65,000 Bitcoin in profit to exchanges on Mar. 6. According to data from Glassnode, this marks one of the highest amounts of profit sent in Bitcoin terms in the past five years, only surpassed by April 2019’s record when 75,000 […] The post Short-term holders transfer record $4.

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No More Crab: Bitcoin Poised For Explosive Move Above $30,000

Bitcoin is recording minor profits on higher timeframes but has been unable to display significant price action. In this context, volatility is reaching a record low, but the status quo could suddenly shift in the short term.

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Number of Bitcoin addresses holding 0.01 BTC hits a record high, As DigiToads on track to be the most successful presale of the decade

The crypto industry has greatly contributed to the growth of the world’s financial market, as new and old cryptocurrencies with promising growth potential provide investors with great profits. Recently, revolutionary events involving Bitcoin (BTC) and a new cryptocurrency called DigiToads (TOADS) have taken the crypto world by storm. Bitcoin is one of the biggest DeFi […]

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Why The IMF Thinks The Crypto Market Could See “Further Selloffs”

The crypto market is trading in the green with Bitcoin and Ethereum pushing beyond critical resistance levels. The first and second cryptocurrencies by market capitalization record a 10% and 15% profit in the last day and seem poised for more profits during today’s trading session.

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Decentralized Music Streaming Service Audius Shifts Balance of Power, Says Bank of America

Audius moves “power, profits, control and governance from record labels and centralized [platforms] to artists and fans,” the report said.

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Best Exchanges For Scalping Crypto

Scalping is a great strategy to record profits during a bear market. Since bear markets are bad for investors but great for traders, scalping helps you record profits without a long-term commitment.

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Ethereum Is Making More Money Than Ever From Layer 2 Networks

With Layer 2 networks gaining significant traction in user activity, the gas fees Ethereum is raking in for renting its security are breaking record highs. Ethereum Profits From Layer 2...

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Record music streaming profits highlight how NFTs will empower content creators

With the dramatically expanding creator economy, NFTs and Web3 are becoming the tools for giving artists and musicians more financial stability and control.

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Robinhood Cryptocurrency Trading Profits Drop as Platform Avoids Memetoken Listings

One of the most popular retail trading platforms reports record losses

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Volume Of ADA Staked On Cardano Network Reaches Record High

Cardano holds bragging rights for the network with the highest proportion of its circulating supply staked and it has not let go of this title. Cardano’s community is home to investors who are investing for the long term rather than trying to take short-term profits from the market.

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Thanks To Ethereum Thumping Bitcoin, Coinbase’s Q2 Profits Hit $2.23 Billion

Analysts had written Coinbase off a while back, opining strongly that the company’s shares would underperform. In a surprising turn of events, Coinbase shares outperformed the market’s expectations as shown in the company’s second-quarter revenue record.

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Miner Argo Blockchain Reports Record Profit Amid Bitcoin Price Boom

London Stock Exchange-traded miner Argo Blockchain announced record profits in its Q2 earnings report, per a press release. The bitcoin mining firm now holds over 1,100 bitcoin worth $50 million.

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Companies record impressive crypto gains – see how much SBI made

The company announced that it doubled its profits from crypto-related dealings over the past year. The company records impressive turnover in the crypto business SBI Group says it had a pre-tax profit of 10.

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Why LUNA’s Tokenomics Points To A Sustain Rally

Terra (LUNA) has been moving sideways during the past day but record impressive gains in the weekly chart with a 30. 1% profit, at the time of writing. On the 1-year chart, the token has 8,794% in profits.

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Latest Bitcoin Dip Did Little In Offsetting “Wildly Bullish” Bias; Here’s Why

Bitcoin dropped immensely after setting up a record high of $64,896. 75 as some traders decided to secure short-term profits. The correction nevertheless did little in offsetting the benchmark cryptocurrency’s upside bias.

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When Lambo as Lamborghini Reports Record Profits in 2020

Continue reading at Coinspeaker

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Bitcoin Expects to Retest Record Highs after Powell’s Testimony

Bitcoin fell by almost 20 percent after touching its record high of $58,367 on Sunday as traders decided to secure their profits against the US economy's recovery prospects.

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Alphabet (GOOGL) Stock Gains 8% in Pre-market on Record Profits for 2nd Straight Quarter

Continue reading at Coinspeaker

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Crypto mining company realizes 7% in ROI after $150 million Bitcoin investment

Cryptocurrency mining group Marathon Patent Group has recently seen its stock surge by 7. 7%, thanks to its astounding Bitcoin purchase, making it one of the first few firms to record decent profits from Bitcoin in the new year.

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Analyst: Post Bitcoin, Traditional Finance Will Flock To DeFi, Not Ethereum

Bitcoin is in price discovery and each day sets a new all-time high. But despite the soaring prices well above the previous record, altcoins have barely moved in comparison.  However, traditional finance will soon move profits and diversify, and when they do, one chartered financial analyst claims it’ll be into DeFi tokens, and not Ethereum […]

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Bitcoin Tramples Its 2017 Record High on Booming Institutional Adoption

Bitcoin achieved a new milestone on Monday. The flagship cryptocurrency hit a fresh record high for the first time in three years as traders increased their bids in hopes of earning big profits. It was trading as high as $19,864 during the US session, up 9.

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Stocks Looking ‘Ugly’ While Bitcoin’s 50% Market Cap in Unrealized Profits

Bitcoin is standing strong above $13,000. In the ongoing bullish market structure, Bitcoin has spent a record amount of days above $10,000 and closed above $13k for the first time since hitting the 2017 bull run.

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Bitcoin: Here's how increased high-frequency trading cuts into your profits

Bitcoin inflow to exchanges has dropped to record levels and as demand/ supply also continues to drop this may be the calm before the storm, however, inactivity on spot/ derivatives exchanges can be eThe post Bitcoin: Here's how increased high-frequency trading cuts into your profits appeared first on AMBCrypto.

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Gaming Giant Nintendo Reports 428% Increase in Q1 Profits

Coinspeaker Gaming Giant Nintendo Reports 428% Increase in Q1 ProfitsGaming giant Nintendo has reported a 428% increase in its Q1 profits. It joined other gaming firms that have managed to record gains despite the COVID-19 crisis.

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A Weaker US Dollar Prediction Offsets Bitcoin Bearish Bias for Q3/2020

Bitcoin eyes a significant plunge entering further into the third quarter as S&P 500 stocks unveil a 45 percent drop in quarterly profits. The correlation between the cryptocurrency and the US benchmark index last week hit a record high.

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Can Fidelity Investments Post Record Profits with Bitcoin, Crypto?

Fidelity investments just announced that they made record profits in 2019. Can they do the same with their bitcoin and crypto investment arm? Fidelity Continues to Thrive and Adapt to an Ever-Changing Market Fidelity Investments just posted record profits for 2019.

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The US government wants to take away earnings from Snowden. Bitcoin (BTC) will help

Snowden released his memoir, Permanent Record. And in a matter of hours it became the best-selling book in the world. The US government immediately tried to get hands on the super profits of the runaway super agent.

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US DoJ wants to seize profits from Ed Snowden’s new book because it violated his NDA

The US justice department has sued whistleblower Edward Snowden, following the release of his new book, Permanent Record. The department alleges this book violates a non-disclosure agreement Snowden signed with the Central Intelligence Agency (CIA) and the National Security Agency (NSA) while working as a contractor for the two agencies.

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Dow Will Explode Past Record High and Keep Rising: Wall Street Bull

By CCN Markets: The Dow Jones Industrial Average is set to blow past its record high and keep pushing. That’s the analysis of Christopher Harvey, head of equity strategy at Wells Fargo. Harvey believes investors are wrongly building defensive portfolios when they should be bullish on stocks.

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Dow Nears Record High but this Spooked $200 Billion Fund is Cashing Out

By CCN Markets: The Dow Jones closed in on record highs on Thursday, but for one billion dollar fund, this is the perfect time to lock in profits.   Pictet Wealth Management, which manages $222 billion, is cashing out of stocks at the top of the market and piling up cash reserves.

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SBI Virtual Currencies (SBIVC) Exchange Considers STO After Earning Early Profits In First Fiscal Year

SBI’s Crypto Exchange SBIVC Considers STO After Achieving Profits During Its Fiscal Year SBI Virtual Currencies (SBIVC), the crypto exchange created by SBI Holdings, has been profitable in its first fiscal year, according to its report own reports.

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Amazon Reports Record Q1 Revenue Despite the Slowing Growth

Coinspeaker Amazon Reports Record Q1 Revenue Despite the Slowing GrowthAmazon reported better-than-expected Q1 profits Thursday but is experiencing slower revenue growth. That slower growth comes after growth in the segment was triple-digit or near-triple-digit for four consecutive quarters.

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The fall of Bitmain: Canary in the crypto mine?

As the crypto winter continues there is no higher-profile casualty than Chinese mining company Bitmain. Despite generating record profits in 2017 and early 2018, the company has been forced to downsize, closing offices and letting 50% of its workforce go.

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Bitcoin Finishes February Up 11 Percent Ending Record Six-Month Streak of Losses

Bitcoin has ended a six-month streak of losses, closing February up 11 percent. This is the fifth consecutive year Bitcoin has closed February while in the green. While some day traders are using the opportunity to take profits, others are going long with the belief that the bear market could be coming to an end.

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Tech Stocks Had a Miserable Start to 2019 But One Industry is Keeping Dow Jones Alive

While most major tech stocks in the likes of Intel and Nvidia had a bad start to 2019, one industry has performed exceptionally well, sustaining the momentum of the Dow Jones and the U. S. stock market.

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XRP acts as the safe haven for trader profits: Parking TRX gains in the Ripple’s token on Binance

The volume of the TRX/XRP pair on Binance is off the charts, registering record highs which indicates that the profits TRX traders took on Tron’s latest run are spilling over to XRP. According to NewsBTC, the recent release of the BitTorrent Token whitepaper appears to have driven momentum over the past 48 hours for TRX.

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Huobi Pool Surpasses Expectations, Records 287% Growth in Q3

Huobi Global released its third-quarter earnings report on Nov. 5th for its mining subsidiary, Huobi Pool, which managed to defy the current bear market and record a 287-percent jump in its profits in Q3.

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Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

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Swiss Financial Institution Reaping Huge Rewards from Cryptocurrency

The decision to launch and offer bitcoin to its customers has yielded quite a lot of profits for Swiss online banking firm Swissquote, in the first half of 2018. The surge in the price of cryptocurrencies positively impacted the company, as its profit soared to a record 44% increase.

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