While speaking at "The B Word" conference, Tesla CEO Elon Musk revealed that he personally owns Bitcoin, Ethereum, and Dogecoin. Although he did not disclose the investment amounts, Musk confirmed that SpaceX and Tesla had investments in Bitcoin. I do own Bitcoin, and Tesla owns it, and SpaceX
Months after discontinuing its support for Bitcoin payments, Tesla’s CEO Elon Musk has revealed that his electric vehicle manufacturing company might begin to accept payments in the flagship cryptocurrency once again. Speaking at the B-Word Conference, alongside Ark Invest’s Cathie Wood and Twitter’s Jack Dorsey, Musk noted
Since mid-February when Mastercard first announced its plans to support cryptocurrency transactions directly on its network, the payments giant has recorded significant progress in making digital assets accessible at several merchant locations. In its latest move to enhance its Crypto Card Program, Mastercard has announced a pilot program involving Paxos
While addressing an audience at the American Bar Association on Wednesday, the U.S. Securities and Exchange Commission (SEC) chair Gary Gensler, noted that several tokens-based securities are supposed to report to the commission. According to Gensler, many crypto exchanges offer products that operate like derivatives and are tied to
As many countries jump of the CBDC train, the Bank of Canada has stepped forward to voice its support for the nascent technology. In a recently updated staff discussion paper, the bank articulated two possible scenarios that might warrant the issuance of a central bank digital currency (CBDC). The first
A 26-year-old cryptocurrency miner from Thailand has lost his life in a DIY experiment. The miner, named Danai Makmek, was electrocuted and killed while trying to fire up his homemade mining rig. According to local Thai news outlet Pattaya News, the incident happened at around 9:00 a.m. in
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Virgil Griffith, an Ethereum developer that was arrested in 2019 for allegedly trying to help North Korea evade U.S. sanctions, has been rearrested for violating his bail terms. A $1 million bail bond was issued on Griffith after he was initially denied bail. Part of his bail condition was
The European Commission on Tuesday proposed a law to apply what is known as the “Travel Rule” on cryptocurrency transactions. According to the Commission, the move is geared towards making crypto transactions more transparent. The proposed law will require companies that transfer digital assets to collect the details of the
Latest data from Cambridge University suggests that the environmental impact of Bitcoin and crypto mining has drastically improved over the past six months. According to data compiled by CNBC from industry experts, the consensus is that crypto mining is now more environmentally friendly than it was when China dominated the
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Crypto exchanges have enabled hundreds of thousands of people to gain access to the ever-increasing variety of crypto tokens to buy, sell and trade. With mainstream crypto exchanges still working as centralized entities, they go against the founding principles of blockchain and cryptocurrencies. This is where decentralized exchanges (DEXs) come
On Tuesday, Bitcoin’s price fell below $30,000 for the first time in a month. But amid the crash, on-chain data suggests that Bitcoin whales are actively accumulating the flagship cryptocurrency. According to Glassnode’s Monday “The Week On-chain” report, the number of Bitcoin on exchanges has continued to
Decentralized trading and lending cryptocurrency platform, BlockFi, has received an order from the New Jersey Bureau of Security to stop accepting new local customers from July 22nd. The CEO of BlockFi Zac Prince confirmed in a tweet that his company received a Cease and Desist order from New Jersey’s
Three Republican Senators have written a letter to the U.S. Olympic and Paralympic Committee (USOPC), allaying their fears about China’s use of its central bank-issued digital currency as a medium to spy on American athletes at the upcoming 2022 Winter Olympics in Beijing. The senators, Marsha Blackburn representing
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Prior to the development of cryptocurrency, traditional financial services like payments, lending and borrowing were carried out by banks and financial institutions. However, with the increasing popularity of the cryptocurrency movement, a large percentage of investment traders have shifted their focus towards blockchain technologies, in both Centralized and Decentralized Finance.
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DeFi is liberating. Instead of relying on centralized entities for better yields, this emerging sub-sector in finance does away with intermediaries. They anchor their operations on mainly audited smart contracts for security and the burgeoning DeFi community to extract maximum value. The Age of DeFi in Binance Smart Chain (BSC)
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The fast-growing and booming DeFi crypto space has encouraged projects to innovate and better position themselves to stay relevant in today’s market. Most of these projects are adopting new features and becoming more robust for users. This is exactly what the MELD DeFi protocol has done by launching the