Bitcoin miners raked in more than $1 billion in combined earnings last month. Here’s how they make money.
Bitcoin mining is the process that allows new coins to enter circulation, adding to the crypto ecosystem. Miners receive bitcoin as a reward for verifying “blocks” of transactions on the blockchain. Last month, they earned more than $1 billion in combined earnings. Here’s how they do it. Bitcoin is created on a decentralized network called […]
Pfizer commits to doubling vaccine supply in response to President Biden’s call for a quicker rollout
Pfizer committed to double its vaccine supply to the US government by summer, Reuters reported. 12.7% of Americans have received one or more doses of a COVID-19 vaccine, BBG data shows. “We’re now on track to have enough vaccine supply for all Americans by the end of July,” Biden said. On Friday, President Joe Biden […]
A bitcoin stash worth $68 million was seized by German police, but the owner won’t give up his password
Germany police reportedly seized about 1,700 bitcoin, but the owner won’t give up his password. “Perhaps he doesn’t know” the password, a German prosecutor told Reuters. At Saturday’s bitcoin price, the stash was worth about $67.9 million. German prosecutors reportedly are holding about 1,700 bitcoin confiscated from a bitcoin miner, but the man won’t give […]
What happened last week? The Senate held Trump’s second impeachment trial, acquitting the former president.
What happened last week? The Senate held its second impeachment trial for former President Donald Trump. What happened last week? House impeachment managers last week brought their case against former President Donald Trump to the Senate for a five-day trial. Trump was charged with incitement of insurrection related to the deadly event at the Capitol […]
A Morgan Stanley investment unit reportedly was considering a $150 billion bitcoin investment. Counterpoint Global, a unit of Morgan Stanley, was eyeing the investment, Bloomberg reported. The investment would require regulatory approval. An investment unit under Morgan Stanley is exploring a $150 billion bitcoin buy, according to Bloomberg. Bloomberg reported Morgan Stanley Investment Management’s Counterpoint […]