In a class action lawsuit filed, investors in crypto miner Argo Blockchain claimed the company misled them during the IPO by making false representations and withholding key facts. On January 26, a lawsuit was filed against Argo and many of its top executives and board members. It asserts the company
Bitcoin education is booming worldwide as many investors and platforms enter the blockchain domain. Nowadays, several crypto-based organizations are coming forward to expand crypto education. Under this, Dennis Porter, co-founder, and CEO of the Bitcoin mining support group Satoshi Action Fund has conducted a presentation on the benefits of BTC
In its most recent financial report, published on Wednesday, Tesla said that it had neither acquired nor sold any Bitcoin in the fourth quarter of 2022. However, the electric vehicle maker recorded $34 million in impairment charges as the value of its Bitcoin assets fell to $184 million from $218
The direction of American consumer activity has been closely watched by economists. Who were waiting for today’s data to see what they reveal. The latest Gross Domestic Product (GDP) Report confirms that the U.S. economy grew at an annualized rate of 2.9% in the fourth quarter, above analysts’ estimates. The
Goldman Sachs‘ assessment of asset returns for the year so far indicates that Bitcoin has been their best-performing asset. This comes after a disastrous year for the cryptocurrency market in 2022, when the leading cryptocurrency surged above some of the banking sector’s greatest assets. The Goldman Sachs research highlighted the
Blockstream, a Bitcoin technology firm, has secured $125 million to expand into Bitcoin mining. On the other hand, the industry’s major players have been fighting to remain alive. Mining requires the use of specialized, power-hungry gear, but the miners are rewarded with a predetermined quantity of Bitcoin in exchange for
On Monday, New York authorities issued a further warning to the crypto industry, this time regarding how to safely manage its clients’ digital assets. The New York Department of Financial Services (NYDFS) sent a public letter to the sector explaining the need of segregating client funds, the role that custodians
In a filing with the SEC made on Monday morning, Argo Blockchain reported that its stock, ARBK, has re-entered trading on Nasdaq. Moreover, Nasdaq originally informed Argo that trading would be suspended on December 16 due to the company’s shares not closing above $1 for 30 days in a row.
Bitcoin (BTC), the dominant cryptocurrency in the market, has witnessed a deceleration in its further expansion due to the Securities and Exchange Commission (SEC). According to Michael Sonnenshein, the CEO of one of the top investment management firms, Grayscale Investments, the SEC’s crypto regulatory laws have resulted in the slowdown
Despite the skepticism expressed by significant national and international media outlets that the “El Salvador government was in default,” President Nayib Bukele stated on his Twitter account that ‘the country fully paid the bond maturing in 2023, worth $800 million plus interest’. In the past year, almost every legacy international
