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New Auditor for Stablecoin Issuer Tether Confirms Slashing of Commercial Paper Holdings
19.8.2022
Stablecoin issuer Tether has cut its commercial paper exposure to $8.6 billion, with a reduction to $200 million on track by the end of the month
EU Lawmakers Seek to Cap Banks’ Bitcoin Holdings
17.8.2022
Lawmakers of the European Green Party want to anticipate international standards by legislating hefty capital norms for lenders now
‘Big Short’ Investor Michael Burry Dumps All Stocks but One After Predicting Market Crash
17.8.2022
Hedge fund manager Michael Burry’s Scion Asset Management dumped all but one of its stock holdings in the second quarter, according to the firm’s filing with the U.S. Securities and Exchange Commission (SEC). Burry, famed for forecasting the 2008 financial crisis, has predicted...
Galaxy Digital Terminates $1.2 Billion Bitgo Acquisition Deal, Crypto Firm Still Plans for Nasdaq Listing
16.8.2022
Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo. According to Galaxy the termination of the deal was due to Bitgo’s “failure...
AMP Hits a Low of $0.008; Time to Sell AMP Holdings?
12.8.2022
The Flexa payments network developed AMP as a method of collateralizing and verifiable assurances that would allow other payments networks such as Flexa to secure transactions before working on them. This process enables more secure smart contracts and allows for consistent growth. AMP has lost...
CleanSpark Raises Year-End Hashrate Guidance, Sets 2023 Outlook
9.8.2022
The miner noted a $29.3 million loss for the fiscal quarter, driven by the reclassification of its energy assets
Marathon Digital Posts Negative Q2 Results, but Increases Bitcoin Production 8% YoY
9.8.2022
Marathon Digital, one of the biggest mining companies in the Bitcoin ecosystem, has posted its financial results corresponding to the second quarter of the year. The company revealed that even having increased its production by 8% when compared to Q2 2021, it recorded an impairment of $127.6...
Voyager Digital Can Repay Customers with USD 270M MCB Holdings, Judge Rules
5.8.2022
The troubled crypto platform Voyager Digital has been given the green light to return USD 270m worth of funds to its customers.
The move was approved by the Bankruptcy Court in New York where the company’s case is being heard, the Wall Street Journal reported....
Read More: Voyager Digital...
Voyager received better buy-out offers than FTX’s, set to return $270M to customers
5.8.2022
The crypto lender will be allowed to return a portion of customer funds locked up at the Metropolitan Commercial Bank which have been frozen until now
MicroStrategy Reports $918M Impairment Charge on Bitcoin Holdings in Q2
2.8.2022
The software firm owns 129,699 bitcoins worth approximately $3 billion
UK Crypto Investors Should Limit Holdings, Financial Regulator Says
1.8.2022
The crypto crash only hardened the Financial Conduct Authority’s determination to act, and it will now ban refer-a-friend bonuses
Tesla Reveals Its Bitcoin Holdings and BTC Sale Profit
26.7.2022
The electric car maker Tesla has revealed that it still holds digital assets worth approximately USD 222m, after saying last week that it had sold 75% of the bitcoin it held on its balance sheet. The company has posted a USD 64m gain on the sale.
The new details of Tesla’s latest bitcoin (BTC)...
Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing
26.7.2022
Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million on its recent bitcoin conversion into fiat currency. Tesla Realizes Gains of $64 Million From Bitcoin Sale Tesla Inc....
Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions
22.7.2022
China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban on the resale of NFTs imposed by the authorities in Beijing. Huanhe to Close Down a Year...
Bitcoin, Ethereum Technical Analysis: BTC Falls, as Tesla Sells 75% of Its Holdings
21.7.2022
Bitcoin was trading lower in today’s session, as it was revealed that Tesla had sold 75% of its holdings in the cryptocurrency. The news comes following the company’s Q2 earnings call, where they confirmed converting the token into fiat currency. Ethereum was also lower on the news....
Experts reveal what Tesla's $936M sell-off means for Bitcoin
21.7.2022
Telsa CEO noted that the sale “should not be taken as a verdict on Bitcoin” and is “certainly open to increasing our Bitcoin holdings in the future.”
Tesla Sold 75% of Its Bitcoin — Elon Musk Says ‘We Have Not Sold Any of Our Dogecoin’
21.7.2022
Tesla has converted approximately 75% of its bitcoin into fiat currency. The cryptocurrency sales left the electric car company holding digital assets worth $218 million. “We are certainly open to increasing our bitcoin holdings in the future,” Tesla CEO Elon Musk said, adding:...
Breaking: Tesla sold 75% of Bitcoin holdings in Q2
20.7.2022
Elon Musk's electric vehicle maker has offloaded most of its BTC reserves, according to financial statements released on Wednesday
Tesla May Take $460M Impairment Charge on Its Bitcoin Holdings for Q2, Analyst Says
20.7.2022
The value of the electric automakers’ sizable bitcoin holdings fell significantly in the second quarter
Marathon Secures 254 Megawatts to Bolster Company’s 2023 Bitcoin Mining Goals
19.7.2022
The bitcoin mining operation Marathon has announced the company has secured 254 megawatts of new hosting deals with the option to increase to 324 megawatts (MW). Marathon’s latest expansion deals should support the bitcoin mining firm’s intended goal of securing approximately 23.3...