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Elon Musk: Tesla Sold Its Bitcoin Because of COVID Lockdowns in China
During the latest earnings call, Musk said the move was to maximize Tesla’s cash position. During Today's Tesla earnings call, Tesla CEO...
Uboho Dominic
Jul 21, 20222 min read


Elon Musk’s Tesla Has Sold 75% of Its Bitcoin Holdings
“Bitcoin impairment” prompted the sale, the company said. Tesla sold 75% of its Bitcoin, worth approximately $936 million, according to...
Uboho Dominic
Jul 21, 20222 min read


After Bitcoin Wash Trading Surges on Binance, CEO Nixes Incentives
Users reportedly exploited Binance’s lack of fees on Bitcoin spot trades to earn VIP perks for fake high-volume trades. Binance CEO...
Uboho Dominic
Jul 14, 20222 min read


Celsius Hires New Legal Firm to Assist on Restructuring
Celsius hired the law firm Kirkland and Ellis LLP to advise on its restructuring. The law firm joins the crypto lender one month after it...
Uboho Dominic
Jul 13, 20222 min read


Peter Schiff’s bank closure strengthens Bitcoin case for financial freedom
Puerto Rico regulators closed down Schiff’s bank for not maintaining the net minimum capital requirements. As a result, customers lost...
Uboho Dominic
Jul 6, 20222 min read


Tesla Expected to Report $440 Million Writedown on Its Bitcoin Holdings
E-car maker Tesla is likely to report an impairment loss of roughly $440 million in its upcoming quarterly report, according to a Sunday...
Uboho Dominic
Jul 6, 20221 min read


U.S. governor signs crypto-friendly bill into law to ‘take advantage of booming tech’
As the cryptocurrency industry advances and expands, authorities in some jurisdictions are willing to give the new asset class a chance,...
Uboho Dominic
Jul 5, 20222 min read


Celsius is actively working on lasting solutions to ‘preserve and protect’ assets
Following the upheaval that occurred in the middle of June, the cryptocurrency lending platform Celsius Network LLC, is reportedly...
Uboho Dominic
Jul 5, 20222 min read


U.S. 2nd-largest electric power company reportedly explores Bitcoin mining
United States’ second-largest power company Duke Energy is reportedly studying Bitcoin mining with plans to integrate the activity into...
Uboho Dominic
Jul 5, 20222 min read


Bank for International Settlements to allow banks to keep 1% of reserves in Bitcoin
Despite its skeptical approach to digital currencies, exacerbated by the recent cryptocurrency market crash, it looks like the Bank for...
Uboho Dominic
Jul 4, 20222 min read


MicroStrategy and El Salvador Purchase More Bitcoin
Both El Salvador and MicroStrategy purchased more BItcoin as the virtual currency dropped close to $19,000 on July 1st. Nayib Bukele, the...
Uboho Dominic
Jul 3, 20222 min read


SEC Chairman Gary Gensler labels Bitcoin a commodity
The Chairman of the SEC said that Bitcoin is the only cryptocurrency he was ready to call a commodity. U.S. Securities and Exchange...
Uboho Dominic
Jun 28, 20222 min read


Billionaire Tim Draper is still bullish that bitcoin will reach $250,000 by the end of 2022
Tim Draper on stage during the 2018 Collision conference in New Orleans. Diarmuid Greene | Sportsfile | Getty Images Billionaire venture...
Uboho Dominic
May 30, 20223 min read


ONE OF THE LARGEST REAL ESTATE DEVELOPERS IN BRAZIL NOW ACCEPTS BITCOIN
Gafisa, one of the largest Brazilian real estate developers, now accepts bitcoin for real estate transactions through a partnership with...
Uboho Dominic
May 24, 20222 min read


Balenciaga Is Now Accepting BTC and ETH Payments
The most eccentric haute couture brand, particularly famous in recent years for its unorthodox and scandalous collections, will begin...
Uboho Dominic
May 24, 20221 min read


Central bankers bellow Bitcoin on El Salvador's Bitcoin Beach
On day three of El Salvador’s financial inclusion and funding for SMEs conference, Bitcoin has stolen the show. The orange pilling...
Uboho Dominic
May 22, 20222 min read


Tim Draper Bullish on Bitcoin Due to Its Inflation Hedge Traits
Tim Draper, an early bitcoin investor, has declared he is still optimistic about the value of the first cryptocurrency even with the...
Uboho Dominic
May 22, 20223 min read


Australia to List two Bitcoin ETFs and one Ethereum ETF on Thursday
After difficulties keeping the financial products off the market for two weeks, Australia’s first cryptocurrency exchange-traded funds...
Uboho Dominic
May 11, 20222 min read


Goldman Sachs Is Bringing bitcoin-Backed Loans To Traditional Finance
Lending and borrowing have become words that are associated with Bitcoin. This is the same with traditional finance where lending and...
Uboho Dominic
May 1, 20222 min read


Swiss National Bank Owns No Bitcoin, but Could Buy in the Future, Chairman Says
The Swiss National Bank (SNB) isn't currently interested in holding bitcoin (BTC), but could move quickly to do so at some point, said...
Uboho Dominic
May 1, 20221 min read
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