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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 of $23M.” “Operating income increased [year-over-year] mainly due to volume growth and cost reduction.
Scott Minerd, chairman and chief investment officer of asset management giant Guggenheim Investments, said the crypto market’s ongoing slump is still far from over as Bitcoin could slide as low as $15,000.
The New Jersey Bureau of Securities has filed a cease and desist order against cryptocurrency lending company BlockFi, prohibiting it from accepting new clients for the firm’s Interest Account service in the corresponding jurisdiction.
Major cryptocurrency exchange Binance has announced that it successfully completed the 16th quarterly token burn yesterday, removing $393.6 million worth of Binance Coin (BNB) from circulation.
ThorChain, a decentralized finance (DeFi) token swap protocol based on the Cosmos blockchain, lost roughly $4.8 million worth of Ethereum (ETH) from its liquidity pools to a hacker attack today.
While a Harvard Law student-led initiative called the “Defi Education Fund” is facing blowback for receiving $20 million worth of Uniswap’s (UNI) tokens and dumping half of it over-the-counter, some witty DeFi enthusiasts are openly mocking the whole ordeal.
The crypto market took a turn for the worse today yet again as literally all top 100 cryptocurrencies—except stablecoins—have plunged into the red zone across the board.
Ripple Labs, the blockchain company behind the XRP token that is currently locked in a $1.3 billion legal battle with the United States Securities and Exchange Commission (SEC), has rescheduled the deposition of William Hinman, the SEC’s former director of Division of Corporation Finance, to July 19, according to court filing published last Friday.
Earlier this week, popular social media platform TikTok has quietly updated its “Branded Content Policy,” prohibiting influencers from participating in paid promotions of financial services and products, including Bitcoin and other cryptocurrencies.
Earlier this week, CryptoSlate reported that Floki Inu (FLOKI), a new dog-themed token inspired by Elon Musk, “pulled the rug” from under its users not once but twice in just a few days.
Britain’s marketing regulator Advertising Standards Authority (ASA) has announced that it plans to increase its efforts in curbing irresponsible or misleading cryptocurrency ads, Financial Times reported today.
Seoul’s Central Customs has prosecuted, fined, or is currently investigating 33 individuals who were allegedly involved in 1.69 trillion won ($1.48 billion) worth of illegal overseas cryptocurrency transactions in South Korea, The Korea Times reported today.
It appears that Tesla and SpaceX CEO Elon Musk is gradually losing his influence over the cryptocurrency market, judging by the lack of any meaningful impact on prices his crypto-focused tweets are making lately.
The Securities and Exchange Commission’s (SEC) unwillingness to approve a Bitcoin exchange-traded fund (ETF) in the United States is outdated and borders on double standards, according to the agency’s commissioner Hester Peirce, also known as “Crypto Mom.” “That is probably the biggest, the most-often-asked question that I get: When will the SEC approve a Bitcoin exchange-traded […]
Grayscale Investments, the world’s largest crypto asset manager, announced yesterday that it has added Cardano (ADA) to the company’s Digital Large Cap Fund.
FaZe Clan, a Los Angeles-based professional electronic sports (esports) organization, today announced that it has fired its member FaZe Kay as well as suspended three more players—Jarvis, Nikan, and Teeqo—who were involved in promoting cryptocurrency token Save the Kids (KIDS).
Andre Cronje, creator of wildly popular decentralized finance (DeFi) yield farming protocol Yearn.Finance (YFI), today announced his new project—a blockchain-based foreign exchange (forex) platform.
The overall activity of addresses (or wallets) on the Ethereum (ETH) blockchain has exceeded that of Bitcoin’s on Monday—for the first time in the history of digital assets, according to crypto metrics firm Santiment.
Bitcoin.org, “an informational site dedicated to help educate and facilitate the understanding of Bitcoin,” has lost the right to grant access to Bitcoin’s whitepaper document in the United Kingdom, according to the latest order by London’s High Court.