Tesla misses out on massive Bitcoin gains after selling at $20K
Tesla could have made billions if it had held onto Bitcoin (BTC) instead of selling the bulk of it when prices crashed in 2022.In early 2021, Tesla acquired 43,200 Bitcoin…
El Salvador’s Bitcoin Strategy Falls Short of Benefiting Citizens.
El Salvador’s loan deal with the IMF effectively removed Bitcoin’s legal tender status and affected crypto adoption.Officials continue accumulating Bitcoin reserves while ordinary citizens remain largely excluded from the crypto.…
The Smarter Web Buys 225 Bitcoins, Boosts Holdings to 1,825 BTC
UK-based, The Smarter Web Company has acquired 225 Bitcoins (BTC) valued at approximately $26.2 million as per current market price. The announcement was made on Friday, reflecting the company’s continued…
Nigeria establishes regulatory sandbox to boost stablecoin firms.
Nigeria has expressed its readiness to support stablecoin businesses under its evolving digital asset rules. This announcement was made by Securities and Exchange Commission Director-General Emomotimi Agama at the Nigeria…
Bitcoin Whale Wakes Up After 14 Years, Moves $468 Million.
A Bitcoin wallet that had not been used since 2011 suddenly became active this Thursday. It first sent a small test amount of 0.0018 BTC, then moved all of its…
Ethereum Could Soon Outperform Bitcoin, Says Galaxy CEO
Ethereum (ETH) may soon outperform Bitcoin (BTC), according to Galaxy Digital CEO Mike Novogratz. He attributes the potential shift to rising institutional demand and favorable macroeconomic conditions. In a July…
OSL Acquire $300M to Develop Stablecoin and Payment Systems.
Hong Kong based digital asset firm OSL Group has secured $300 million in equity funding to accelerate development of its stablecoin and payment infrastructure. The funding represents the largest publicly…
Australian Court Rules in Favor of Finder.com Over Its Earn Product
In a significant victory for the Australian fintech sector, the Federal Court of Australia has ruled in favor of Finder.com. The court has cleared its yield-generating product, Finder Earn, in…
Joe McCann shuts down fund after 78% loss while pursuing $1B Solana raise.
Joe McCann, founder of Asymmetric, announced the closure of the firm’s Liquid Alpha Fund after it fell 78% year-to-date. The move follows mounting criticism and investor frustration, as a report…
New Zealand Bans Crypto ATMs Under Stringent AML Rules.
Officials in New Zealand have restricted foreign cash transfers to $5,000 and outlawed cryptocurrency ATMs in an attempt to combat money laundering and organized crime. The steps were revealed by…