Bitcoin has traded in a tight range over the past two days after rallying nearly 18% from the April 25 low around $47,000.
Reuters reported earlier on Tuesday that the SEC is considering new guidance to rein in growth projections made by SPACs, or listed blank-check companies, including clarification of when they qualify for certain legal protections.
Anatoly Crachilov, co-founder and CEO of Nickel Digital Asset Management, which manages assets worth $200 million, told the Reuters Global Markets Forum that regulatory uncertainty was a drag on the development of the crypto space.
Bitcoin Has Become Mainstream – but Is Its Utility Future-Proof? After reaching a $1 trillion market cap and becoming integrated into the world’s payment processing flows such as PayPal and Square’s CashApp, it’s safe to say that Bitcoin has broken many barriers.
-Electric carmaker Tesla Inc marginally beat Wall Street expectations for first-quarter revenue on Monday boosted by a jump in environmental credit sales to other automakers and liquidating some bitcoins.
However, the online search engine dwarfs these other operations and it suffered from a slump in commercial queries for things like flights and hotels.Now, with more than 1 billion Covid-19 vaccine shots given, according to Bloomberg’s vaccine tracker, consumers have started to venture out to restaurants, shops and even vacation destinations — and they often interact with Google services and ads before they do.Ruth Porat, chief financial officer, said the results “reflect elevated consumer activity online and broad based growth in advertiser revenue.”During a conference call with analysts, Porat said it’s unclear how “durable” the recent change in consumer behavior will be, because it will depend on the global pace of the Covid-19 recovery.Barclays analysts said Alphabet’s search and Youtube segments saw a significant share shift from other advertising channels, dampening concerns about Google’s high penetration within the advertising market.The Alphabet board authorized the company to repurchase up to an additional $50 billion of its Class C capital stock.