Tesla lost more than USD 140 million last year betting on Bitcoin, according to a filing Monday with the U.S. Securities and Exchange Commission. The electric car maker was hit with a USD 204 million depreciation penalty after receiving USD 64 million for Bitcoin conversions in 2022. In the first quarter of 2021, Tesla invested...
Shares of BIT Mining (BTCM) on the New York Stock Exchange (NYSE) rose 106% from USD 2.11 to USD 4.36 per share after the company announced the release of new LD3 mining devices on Twitter on 10 January. On 17 January, hardware manufacturer BIT Mining announced on its blog that the production of these devices...
The European Central Bank (ECB) has said that the digital euro is not related to programmable money, which is to say currency for which spending rules are laid down upon issuance. “The digital euro is NOT programmable money,” reads a presentation published by the regulator of a new form of European currency. Digital national currencies...
The much-cited Bitcoin Fear and Greed Index moved into neutral territory over the weekend after months of fear. On 15 January, the index reached a neutral level of 52, the highest since 5 April 2022. The move follows a 24% rise in the price of Bitcoin (BTC) over the past seven days. The market sentiment...
By the end of 2022, scammers shifted their focus to duping crypto investors who were desperately trying to recoup their year-long losses. An international law enforcement operation led by European government agencies joined crypto entrepreneurs and businesses to curb cross-border crypto scams in July 2022, uncovering a criminal network operating through call centres. Law enforcement...
Chainalysis data shows that the collapse of Celsius and Three Arrows Capital (3AC) and Terra’s Luna de-peg inflicted much bigger losses on investors than the FTX crash. The TerraUSD de-peg had a realized loss of $20.5bn while Celsius and 3AC amounted to a staggering $33bn. By comparison, FTX recorded losses for investors of just £9bn....
Despite the ongoing bear market, Jan3 CEO and Bitcoin proponent Samson Mow believes the leading cryptocurrency could hit the $1 million milestone in the next five to 10 years. The catalyst, he suggests, could be the “unexpected” collapse of major fiat currencies, which, in his opinion, could “happen very rapidly”. ”It just sort of happens...
Tether has announced the launch of CNH Tether (CNHT), a stablecoin pegged to the Chinese yuan, on the Tron blockchain. Created in 2019, CNHT was previously only available on the Ethereum blockchain as an ERC-20 token. Its market capitalisation is $2.9 million, according to CoinGecko. Tether is the issuer of USDT, the leading stablecoin and...
Crypto exchange Huobi has announced plans to launch the world’s first national token in honor of the Commonwealth of Dominica. In cooperation with the Tron Network blockchain and DMC Labs, and with the approval of the government of the island nation, the Dominica Coin (DMC) will be launched on the Tron network. The Commonwealth of...
