Category: Blockchain

After hitting highs of $4,350 recently, Ethereum (ETH) retraced to $3,871 at the time of writing, according to CoinMarketCap.  The crypto market experienced shock waves after Tesla, the American electric car manufacturer, decided not to accept BTC payments, citing concerns of negative environmental impact.  The Ethereum network has enjoyed notable milestones ever since the second-largest cryptocurrency breached

Samsung issued an official announcement allowing users to trade cryptocurrencies from third-party wallets directly on Samsung Galaxy smartphones. This update will provide blockchain users with a more convenient and faster way to process transactions between digital assets, by transferring funds from cold storage wallets to the Samsung blockchain. Samsung’s Galaxy series smartphones currently also support

Coinbase has announced that it will list Dogecoin for trade on its platform within the next two months. Coinbase Global Inc. shared its earnings for the first quarter of 2021 that ended in March. The company’s earnings results were mostly consistent with investor expectations and corresponded with the firm’s preliminary report that was released ahead of its

Coinbase released its first quarterly financial report of 2021 yesterday. This is the company’s first earnings report since its direct-listing on Nasdaq on April 14.  The Coinbase report shows that the net revenue for the first quarter (Q1) of 2021 was $1.597 billion, which translates to double the amount earned in Q4 of 2020. The

After announcing via Twitter that Tesla will stop accepting Bitcoin payments, CEO Elon Musk has hinted that the auto manufacturing giant may not be done with cryptocurrencies altogether. Although Bitcoin (BTC) payments will no longer be accepted at Tesla, Musk has rectified that the company will still hold on to its crypto investments, which consists

Bitcoin Mining Difficulty hit a 7-year high Thursday, according to data from Glassnode. The on-chain metrics provider said: “Bitcoin mining difficulty has increased by 21.5% today. It is the largest positive difficulty adjustment in almost 7 years.”   The level of Mining Difficulty is determined by the amount of computing power consumed by

Leading American business intelligence firm MicroStrategy is ramping up its Bitcoin (BTC) investment. The company’s CEO Michael Saylor has taken to Twitter to reveal that the firm has scooped up an additional 271 Bitcoins for $15 million. He disclosed: “MicroStrategy has purchased an additional 271 bitcoins for $15.0 million in cash at an average

The electric automaker Tesla Inc. has completely reversed its plans to accept Bitcoin (BTC) payments for its products, citing the digital currency’s energy inefficiency as its reason. Taking to Twitter, Elon Musk, the Chief Executive Officer of Tesla and a big proponent of Bitcoin and crypto, shared the news via his official account.  In a statement,

MoneyGram International Inc. has made an announcement that it will allow customers to purchase and sell Bitcoin using cash. Crypto converted to fiat can be withdrawn at thousands of its brick-and-mortar locations across the United States. MoneyGram has collaborated with Coinme crypto exchange and Bitcoin ATM operator to enable the rollout of the new service.

Huobi Group, the cryptocurrency exchange operator, announced Thursday that the company has invested and has launched an investment unit with $100 million, reserving part of their cash, in part for non-fungible tokens (NFT). Reuters reported that these measures are the latest move taken by Huobi. Lily Zhang, the CFO of Huobi Group, who will head