Tesla Sold Its Bitcoin Because of COVID Lockdowns in China
During Today’s Tesla earnings call, Tesla CEO Elon explained the reason for the company’s sale of 75% of its Bitcoin holdings, worth approximately $936 million, as...
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Reserve Bank of India renews calls for crypto ban
Indian central bank officials have renewed efforts to ban crypto. Finance Minister Nirmala Sitharaman supported the motion during a parliamentary meeting on July 18, saying digital...
Samsung’s new mining chips will be 45 more efficient
Tech giant Samsung said it is currently working on new 3-nanometer(nm) mining chips that will be 45% more energy efficient. The new chips are estimated to...
About 394M of Positions Gets Liquidated Due to ETH Rise Above 1,400
After Ethereum developers announced this July 14 that their long-awaited switch to proof-of-stake will most likely occur in September.The price of ETH rose above $1,400, and...
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Three Arrows Capital Holds First Meeting For Creditors On July 18
The crypto hedge fund, Three Arrows Capital’s (3AC) creditors’ first meeting is going to be held on July 18, according to three sources linked to the...
Ethereum traders gauge fakeout risks after 50 ETH price rally
Ethereum’s native token Ether (ETH) saw a modest pullback on July 17 after ramming into a critical technical resistance confluence.ETH’s price dropped by 1.8% to $1,328...
Stablecoin Regulation Ramps Up Across the Globe With New BIS Guidance
As regulators around the world continue to evaluate the risks of the cryptocurrency industry and establish guidelines, stablecoins have become a top priority. The International Organization...
Polkadot’s Network Usage Remained Consistent in Q2 Despite Market Downturn
Blockchain analytics platform Messari has published a detailed report on Polkadot’s performance in Q2, 2022, analyzing different aspects of the protocol, including market valuation, network usage,...
Gensler says SEC can consider tailoring rules for crypto industry compliance
The Securities and Exchange Commission (SEC) chairman Gary Gensler said the commission might tailor securities laws for crypto companies to comply. Gensler continued that several crypto...
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