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FIRE BOY FREENET Telegram | DID YOU KNOW?
The messaging service and social-media platform owes creditors roughly $700 million by the end of April, according to people briefed on the companyās plans and loan documents viewed by The Wall Street Journal. At the same time, Telegram Group Inc. must cover rising equipment and bandwidth expenses because of its rapid growth, despite going years without attempting to generate revenue.
Should I buy bitcoin?
āTo the extent it is used I fear itās often for illicit finance. Itās an extremely inefficient way of conducting transactions, and the amount of energy thatās consumed in processing those transactions is staggering,ā the former Fed chairwoman said. Yellenās comments have been cited as a reason for bitcoinās recent losses. However, Yellenās assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.
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