Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled 40% in 2021

Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment... Read more »

What bear market? Crypto firms raised over $4.4 billion in Q2 2021 alone 

The technology behind the chains or records stored in the form of blocks, which are essentially digital ledgers of crypto transactions distributed across a global network of computers, keeps attracting more investors,... Read more »

Early crypto exchange boss says China remains 50/50 on outright Bitcoin ban

The co-founder and former CEO of crypto exchange BTCC, Bobby Lee, said Beijing could move to ban Bitcoin entirely. Recent FUD activity, coming from China, was a factor in BTC’s unceremonious dump... Read more »

Bitcoin could fall to $15,000, says Guggenheim chairman who predicted 50% dip in May

Bitcoin could fall to $15,000, says Guggenheim chairman who predicted 50% dip in May Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge... Read more »

The Apollo 11 Moon landing is getting recreated in the Decentraland metaverse

In celebration of the 52nd Anniversary of the Apollo 11’s historic lunar landing,  Banquet, Dapp Craft Studios, The Aldrin Family Foundation, and frequent NASA collaborator, Nick Graham, have joined forces to release... Read more »

Ripple transfers 60 million XRP even as US SEC lawsuit crawls on

To bolster its fair notice defence in a lawsuit filed by the Securities Exchange Commission (SEC), Ripple (XRP) claims two of their sitting Commissioners have spoken out about the lack of clarity... Read more »

Coinbase hit by securities class action following $86 bn NASDAQ listing

Coinbase Inc., together with certain Coinbase directors and officers as well as venture capital firms that benefited from the company’s April 2021 direct offering, faces a securities class action lawsuit. Going public... Read more »

Dogecoin, Musk, and $60 million NFT froth: Why Ruffer sold $1bn in Bitcoin

Ruffer Investment Company Limited invested roughly $600 million in Bitcoin (BTC) in November 2020 but sold its exposure in April, while the crypto was still pumping and its price fluctuated between $50,000... Read more »

DeFi darling ThorChain (RUNE) suffers $8m hack, its second in a week

Cross-chain DeFi protocol ThorChain suffered an exploit in the early hours, resulting in the loss of $8 million. At present, details of the incident are still under investigation. But devs believe this... Read more »

Elon Musk flips positive on Bitcoin (BTC), but the damage is already done

Tesla CEO Elon Musk has flipped positive on Bitcoin once again. Speaking during yesterday’s The ฿ Word conference, Musk said the mining sustainability situation has improved since he first raised objections in... Read more »