Category: Blockchain

After Elon Musk’s latest announcement on Twitter that Tesla will no longer be accepting Bitcoin payments due to its environmental footprint, Bitcoin’s price dropped by nearly $10,000, tanking from $55,000 to $46,000 on Binance crypto exchange. Currently, BTC is recovering its losses, with Bitcoin bulls working hard and attempting to hold its 100-day moving average of

Russian Canadian programmer and co-founder of Ethereum, Vitalik Buterin, has donated a large chunk of his crypto holdings to fund various charity organizations. His donations are worth approximately $1.5 billion. As reported by Vox, the 27-year old crypto billionaire paid out as much as $50 million using Ether, the native cryptocurrency of the Ethereum network.

The world’s first Bitcoin car is ready to race off and go public, demonstrating its power and influence in the world of racing. Ed Carpenter Racing (ECR) announced Wednesday that the team will enter the No.21 Bitcoin Chevrolet for the race. The Bitcoin Car will race in the Indianapolis 500 on the 30th of this month.

The U.S. Securities and Exchange Commission (SEC) issued an official public statement to warn investors of the risks of Bitcoin futures in mutual funds. Compared with the spot market, the futures market often has larger risk exposure. For digital currencies, taking Bitcoin as an example, its sharp price volatility would likely make many investors who

Facebook-backed digital currency project Diem has revealed new plans to launch a US dollar stablecoin in the United States. Diem Association has disclosed that it is relocating its main operations from Switzerland to the US and has withdrawn its payment system license application with the Swiss Financial Market Supervisory Authority.   The Diem Association states that it

Twitter has gone haywire after Tesla CEO Elon Musk’s latest tweet.  The eccentric billionaire is known for resorting to Twitter to comment on his latest views on cryptocurrencies, with his latest antic being an announcement on Twitter that Tesla will no longer be accepting Bitcoin payments. The explanation for stopping Bitcoin payments at Tesla seems

Block.one, EOSIO’s open-source parent company, announced the establishment of a new subsidiary, Bullish Global.  The company launched Bullish, a cryptocurrency trading platform based on the EOS blockchain. The platform will combine centralized and decentralized crypto exchange infrastructure to provide traders with lending, and portfolio management tools to promote deeper digital asset liquidity through a new Automated

Palantir Technologies Inc. has announced that it will now accept Bitcoin as a payment method for its customers and is also considering having crypto on its balance sheet. When asked about cryptocurrency by media reporters, David Glazer, the chief financial officer at Palantir, stated in the firm’s first-quarter earnings report that Bitcoin was “definitely on

The Bank of Israel is developing an action plan that will help it advance its research on the potential issuance of its Central Bank Digital Currency (CBDC), dubbed the digital shekel. According to a press release shared by the Israeli Central Bank, the decision to accelerate its ongoing probe into the use cases of a

Ethereum (ETH) has been the talk of the town since it hit its new all-time high at the beginning of the week. The world’s second-largest cryptocurrency spiked to a new all-time high (ATH) of $4,350 even though it has retraced to $4,316 at the time of writing, according to CoinMarketCap. Ethereum’s remarkable bull run has