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Chen Yingshi

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Station bird member No.3Year

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betano kontakt Block didnt see an impairment loss on its bitcoin holdings in Q1.Analysts at KeyBanc continue to see upside in its shares to .Block stock is currently down about 5.0% versus the start of 2023.Block Inc says it did not see an impairment loss related to its bitcoin hoard in the first financial quarter. Shares are trading up in extended hours.Bitcoin price recovery helpedThe surge in BTC this year pushed the fintech companys bitcoin revenue in Q1 to .16 billion up 18% sequentially and a whopping 25% versus the same quarter last year.Gross profit from bitcoin holdings also increased 43% versus the previous quarter, as per its letter to shareholders. Block generated 0 million of total gross profit in its recently concluded quarter up 16% on a year-over-year basis.The fair value of its position in bitcoin was 9 million as of March 31st versus the original purchase price of 0 million.Year-to-date, Block stock is down about 5.0% at writing.Should you buy Block stock now?Block ended the quarter with 20 million monthly active users on Cash Card up 34%. Earlier this week, K33 analyst Vetle Lunde noted the similarity in how bitcoin is performing this year and how it recovered after the bear market of 2018-2019.If it continued on the same trajectory, he added, bitcoin could be worth as much as ,000 in the coming weeks which could be a significant benefit to Block Inc both in terms of its financial performance as well as the share price.Those interested in buying Block stock today should also know that analysts at KeyBanc continue to see upside in it to up roughly 40% from here.Other notable bulls of the financial technology company include Cathie Wood the Founder and Chief Executive of Ark Invest.

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    betano kontakt The US Bureau of Industry and Security (BIS) added seven Chinese aerospace electronics and related entities to its Entity List on Wednesday, restricting tech exports to them from US companies. BIS stated that the entities perform activities contrary to US national security and foreign policy interests by utilizing American tech “in support of Chinas military modernization efforts. According to BISs announcement, six out of the seven entities are technically research institutions, at least by name, that focus on aerotechnics, including both hardware and software. An analyst familiar with the field told Caixin that five of the seven entities listed had experience in aerospace semiconductor development, suggesting that the US is aiming to contain Chinas development in this industry. China Aerospace Science and Technology Corporation (CASC) 9th Academy 772 Research Institute, for example, develops over 20 types of chips and 600 models used for airspace and military projects, according to Caixin. The latest addition brings the total number of Chinese entities on the list to 600, with more than 100 added since the start of the Biden administration. [Caixin, in Chinese]

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