Category: Blockchain

Ever since Tesla CEO Elon Musk announced that the automaking company will be dropping Bitcoin payments, Bitcoin (BTC) has plunged dramatically on the crypto market, shedding more than $10,000 of its value. Currently, the cryptocurrency is trading at $43,307.17, down 10% in the last 24 hours. Last week, Musk announced via Twitter that Tesla was

Greenidge Generation Holdings Inc. has announced that it will offset all greenhouse gas emissions from its Bitcoin mining facility through a portfolio of fully accredited offset credits, beginning June 1st. The company has said that it will conduct an entirely carbon neutral Bitcoin mining operation at its powerplant-cryptocurrency mining hybrid facility in Upstate New York.

Square has revealed that it has no plans of adding more Bitcoin to its balance sheet for the time being – after losing $20 million on its $220 million Bitcoin investment in the first quarter of 2021. Amrita Ahuja, the Chief Financial Officer at Square Inc., said that the California-based financial services and digital payment

Bitcoin (BTC) is struggling to maintain above $50K. Currently, at the time of writing, it is trading at around $45K. The top cryptocurrency nosedived by almost $10,000, going from $55K to $46K last week as Tesla’s CEO Elon Musk revealed that the firm will no longer accept BTC payments.  Tesla attributed this to the “rapidly increasing

Bitcoin’s upward momentum has dried up because it has spent three months bouncing between $45k and $60k, as alluded to by market analyst Lark Davis. BTC hit a new all-time high (ATH) above $64,500 in mid-April, but a correction to the $46-48k area has been imminent. This has been triggered by speculations that the American administration

After hitting an all-time high above $64,500 in mid-April, Bitcoin (BTC) has been struggling to breach the $60k price level as corrections have been imminent. The leading cryptocurrency recently nosedived to lows of $46K as Tesla Inc. announced that the company would shun BTC transactions due to negative environmental factors.  Nevertheless, SkyBridge Capital founder Anthony

The trading performance of Internet Computer (ICP) token skyrocketed after it was listed on a number of leading cryptocurrency exchanges.  ICP figures among the top ten cryptocurrencies by market capitalization currently in circulation. According to Coinmarketcap, ICP is ranked as the eighth-largest cryptocurrency with a market cap of $40.8 billion. Currently, the token is trading at $339.63.

DBS Group announced Friday that the company has started offering trust services for cryptocurrencies, allowing their premium clients to include the emerging asset class in their succession plans. Reuters reported Friday that the Singapore-based private bank’s trust subsidiary is offering their clients support for investing, storing and managing digital assets for cryptocurrencies. Bitcoin and Ether,

The next hearing between the Securities and Exchange Commission (SEC) and Ripple will be held on May 21. The virtual conference will be overseen by Magistrate Judge Sarah Netburn. During the hearing, the SEC will likely look to gain access to certain legal documents in Ripple’s possession that details the legal advice the fintech firm

The Internal Revenue Services and The Department of Justice are reportedly investigating Binance crypto exchange. The IRS and the DOJ have requested information from individuals who are knowledgeable about Binance’s business. Bloomberg media report shows that officials involved with Binance’s business are being investigated for information associated with money laundering and tax offences.    The