Tags : BTC

Bitcoin

Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled

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. Positive impacts were partially offset by growth in operating […]Read More

Bitcoin

Elon Musk flips positive on Bitcoin (BTC), but the damage

Tesla CEO Elon Musk has flipped positive on Bitcoin once again. Speaking during yesterday’s The ฿ Word conference, Musk said the mining sustainability situation has improved since he first raised objections in May. “It looks like bitcoin is shifting a lot more toward renewables and a bunch of the heavy-duty coal plants that were being […]Read More

Cryptocurrency

740 Bitcoin (BTC) transferred from dormant address after 9 years

Crypto trackers and alarmers Whale Alert noticed an old-school holder move 740 Bitcoin (BTC) two days ago after the coins sat dormant for over nine years.  According to a cryptocurrency blockchain explorer service Blockchain.com, the whale’s address transacted 38 times, receiving a total of 793.64 Bitcoin and its current, post-dump value with roughly 52 Bitcoin […]Read More

Bitcoin

China’s Anhui province begins its clampdown on Bitcoin (BTC) mining

Eastern China’s Anhui province became the latest regional county to ban Bitcoin mining in the country, weeks after the government unleashed a harsh plan to stamp out the activity in the nation, reported news outlet Reuters this morning. Anhui stamps out crypto mines Anhui, known among tourists for its low-hanging clouds, distinctive granite rocks, and […]Read More

Bitcoin

Gold bug Peter Schiff reveals the price he would buy

Gold bug Peter Schiff is known for his hatred of Bitcoin. But in a recent interview with Anthony Pompliano, he divulges what it would take for him to buy into the leading cryptocurrency. Peter Schiff’s view on inflation makes sense As much as the crypto community dumps on Schiff, his views on Modern Monetary Theory […]Read More

Bitcoin

‘Clean’ Bitcoin (BTC) mining is coming via this Ohio nuclear

With China’s current negative stance towards Bitcoin mining plus Elon Musk’s Tesla insistence that they would only accept the digital asset as a payment method only if the mining process of the coin becomes more environmentally friendly, many crypto miners have been left to rue their losses. Some, however, have found this as an opportunity […]Read More

Regulation

JPMorgan slams Bitcoin (BTC) use case in El Salvador

The debate about the ramifications of El Salvador President Nayib Bukele’s successful push to make Bitcoin (BTC) legal tender continues as the US investment bank and financial services holding company JPMorgan Chase & Co. (JPM) warns about the potential risks involved in the country’s crypto adoption. According to Bloomberg, JPM’s experts released a report last week, […]Read More

Bitcoin

El Salvador’s Bitcoin mine could earn over 20,000 BTC ($750

El Salvador’s proposed Bitcoin mine could earn hundreds of millions of dollars each year given the current network state, a top miner pointed out in a tweet today. Bitcoin revenues for El Salvador? The country made history last month after becoming the first-ever nation to recognize and classify Bitcoin as ‘legal tender,’ allowing citizens to […]Read More

Bitcoin

China’s Bitcoin (BTC) ban was a positive in many ways

In a recent interview, Galaxy Digital CEO Mike Novogratz said Bitcoin had shown resilience in the face of FUD coming out of China. In an attempt to spin the narrative, Novogratz said the events of the past few weeks have been “an amazing test.” Judging by Bitcoin’s defense of $29k so far, he may have […]Read More

Bitcoin

650 US banks and credit unions ready to offer Bitcoin

Digital asset management firm New York Digital Investment Group (NYDIG) and enterprise payments corporation National Cash Register (NCR) joined efforts in facilitating massive crypto exposure, enabling 650 US community banks and credit unions to offer Bitcoin (BTC) purchases, according to Forbes magazine. Thanks to their collaboration, financial institutions that are getting fed up by observing […]Read More