Tesla still holding onto Bitcoin despite a dramatic reduction in its value since the fourth quarter of 2021. At the start of the year, Tesla (TSLA), invested $1.5 billion to purchase over 43,200 bitcoins for around $30,000 per coin. This move was welcomed by cryptocurrency and bitcoin fans, who saw
A Bitcoin spot ETF has been denied approval by the SEC yet again. ARK Invest, led by Cathie Wood, and 21Shares, a provider of cryptocurrency exchange-traded funds (ETFs), tried again with their strategy to launch the Bitcoin ETF, but were unsuccessful. The original filing date was May 13 of last
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
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
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’s popularity has skyrocketed, and it shows no signs of slowing down. Bitcoin mining activities will soon be started in the United States’ first data center fueled entirely by nuclear energy. A report claims that Cumulus Data, a subsidiary of independent power producer Talen Energy and a developer of zero-carbon
A 15-person committee was established in the Central African Republic (CAR). A developing nation in Central Africa, to create legislation regulating the usage of cryptocurrencies. And tokenization in the country and the region. The president of the Central African Republic, Faustin-Archange Touadéra, has said that he believes cryptocurrency will play
