Sat, September 13

Oil and Gas Industry Giant Shell Forays Into Bitcoin Mining Industry

Shell plc, the London-based oil and gas industry giant, has stepped forward to unveil its stance in enhancing the Bitcoin mining industry. Notably, the company has signed a two-year sponsorship with BTC Inc and Bitcoin Magazine for The Bitcoin Conference.  At Bitcoin 2023 Miami event, Shell aims to advocate the

November 11, 2022 1 min read

U.S Consumer Price Index (CPI) Falls to 7.7% in October

Inflationary pressures and forecasts of extended macroeconomic uncertainty have characterized the previous several months. Most central banks across the globe have announced interest rate increases in response to growing inflation data. In reality, consumers have paid a heavy price for governments’ hawkish posture. Recently, however, it seems like things are

November 10, 2022 1 min read

Bitcoin Mining Firm Riot Blockchain Reports $36.6M Quarterly Loss

Riot Blockchain, a major Bitcoin mining firm, reported a $36.6 million loss. The Colorado firm’s sales of $46.3M were down 28% from the $54.2M projection. Lower Bitcoin output from major curtailment efforts linked with the company’s power plan, as well as a fall in the market price of the crypto

November 9, 2022 1 min read

Elon Musk Sold 19.5 Million Tesla Shares Worth $3.95 Billion

As one would expect, Elon Musk’s acquisition of Twitter has caused quite a stir. Musk has been selling his Tesla shares at regular intervals, suggesting he has been preparing for this transaction for some time. But the most recent one happened days after his massive $44 billion purchase. The CEO

November 9, 2022 1 min read

Daily User Growth Skyrockets After Elon Musk Acquires Twitter

In his short time as CEO, Elon Musk has already made an impact. In addition, a leading media outlet has recently reported that during Elon Musk’s first week as CEO of Twitter, user growth reached a record high. As Elon Musk, co-founder of Tesla has acquired control of Twitter, one

November 8, 2022 2 mins read

Bitcoin Mining Firm Iris Energy Receives $103M Default Notice

Bitcoin (BTC) miner Iris Energy reports it has received a default notice from mining equipment maker Bitmain Technologies, according to a new filing with the United States Securities and Exchange Commission (SEC) on Monday. The notification said that some principal payments due on November 8 were not subject to “good

November 8, 2022 1 min read

Bitcoin Worth $3.15B Transferred to Exchanges in Last 24 Hours

Volatility has returned to the crypto markets. Coinglass reports that in the last 24 hours, $3.15 billion worth of Bitcoin (BTC) has been sent to exchanges, that is 152,000 Bitcoins. Now, it’s typically not a positive indicator when cryptocurrency is transferred from wallets to exchanges. This opens the door for

November 7, 2022 1 min read

Elon Musk Affirms Twitter Verifications Were Sold Previously

Musk said that anybody could purchase one of these badges from a third party. One user claimed Twitter staff were selling verification for $15,000 and above. Elon Musk’s recent tweets have exposed a scam employing Twitter verification badges. Verification badges on Twitter are a sign of respect and admiration. Through

November 6, 2022 2 mins read

Twitter Co-founder Jack Dorsey Shares Note Amid Mass Lay-off

Reports of the widespread layoffs emerged on Twitter’s website, along with photos. Jack expressed appreciation for everyone who had a hand in making Twitter so far. Many of the laid-off Twitter workers began tweeting about their experiences and feelings after Elon Musk said the layoffs were necessary to reduce operational

November 6, 2022 2 mins read

U.S SEC Reveals $295M Bitcoin Ponzi Scheme Fraud

Investors in Trade Coin Club were promised “minimum returns of 0.35% daily.” Tetreault has settled the SEC’s claims against him, the statement said. The U.S. Securities and Exchange Commission (SEC) announced charges against four individuals for their alleged roles in a “fraudulent crypto Ponzi scheme” that defrauded investors out of

November 5, 2022 2 mins read
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