Tesla Sold 75 % of Its Bitcoin in Q2!

Tesla Sold 75 % of Its Bitcoin in Q1!

In the second quarter of 2022, the major electric motor firm Tesla, also one of the businesses that had acquired the highest quantity of bitcoins, carried out a sale representing seventy-five percent of its bitcoin holdings. According to the report that Tesla released during the second quarter: “After the second quarter, we converted around 75 … Read more

Film Producer Duped Many via Crypto Frauds, Pleades Guilty

Film Producer Duped Many via Crypto Frauds, Pleade Guilty

Ryan Felton, a film producer, based in Atlanta, has pled guilty to charges that indicate he operated a cryptocurrency scheme that resulted in the theft of more than $2.5 million from cryptocurrency investors. The film producer, indicted in the United States for his activities around the cryptocurrency projects Flik and CoinSpark, reported that the film … Read more

South Korea Postpones Crypto Regulations, What to Look Out for?

The South Korean government has taken steps to push back the implementation of any new cryptocurrency taxes until 2025. The country has pointed to the current state of the market as one of the reasons for making this decision. This is a significant development, given that South Korea is one of the most important markets … Read more

USA Becoming Hub of Bitcoin Miners After China Bans Mining

USA Becoming Hub of Bitcoin Miners After China Bans Mining

The United States of America has emerged as one of the most important countries for mining cryptocurrencies worldwide. The United States of America is now home to several cryptocurrency mining companies that rank among the most successful in the world. As a result of China’s ongoing crackdown on cryptocurrency mining activities over the past few … Read more

Fintech Firm Dunamu of South Korea Plans to Hire 10,000 Web3 Employees!

Web3 Social Network OP3N Raises $28M at $100M Valuation

The company behind cryptocurrency exchange Upbit, South Korean financial behemoth Dunamu, has unveiled an ambitious strategy that could create more than 10,000 new employment inside the Web3 ecosystem. According to a local news article released on Tuesday, the Upbit operator intends to invest up to 500 billion won (approximately $380 million) in its Web3 venture. … Read more

Difference Between Ethereum and Ethereum Classic, Which To Choose?

Difference Between Ethereum and Ethereum Classic, Which To Choose

Although Ethereum & Ethereum Classic has similar blockchains, they are very different. With a $185.4 billion market cap, Ethereum is the second-largest cryptocurrency by market size. With a $3.4 billion market value, Ethereum Classic is currently ranked at number 22. So what sets them apart?   A Hard Fork of Ethereum Produced Ethereum Classic As … Read more

Romanian Crypto Company Signs MotoGP Collaboration

Romanian Crypto Company Signs MotoGP Collaboration

The Austrian Grand Prix will have a three-year sponsorship arrangement from 2022 to 2024 with CryptoDATA Tech, a company that creates blockchain-based cybersecurity solutions for diverse clients. The companies revealed on Monday that Dorna Sporting, the owner of the MotoGP commercial rights, had signed a multi-year sports agreement with the Romanian cryptocurrency company Cryptodata Tech. … Read more

Founders Of 3AC Speak Out On Their Disappearance

Founders Of 3AC Speak Out On Their Disappearance

The disgraced creators of Three Arrows Capital opened up about the terrible demise of their once-flying hedge fund after spending five weeks in hiding. They said that the reason they went undiscovered was that they had received threats to their life. According to Bloomberg, Su Zhu and Kyle Davies, both 35 years old, asserted on … Read more

F1 Teams Told to Remove Crypto-related Ads in the French Grand Prix

F1 Teams Told to Remove Crypto-related Ads in the French Grand Prix

Although the cryptocurrency industry and its digital assets, such as Bitcoin (BTC), are becoming more and more well-known, certain governments are still undecided about whether or not to allow direct consumer advertising, particularly in France, where crypto advertisements are subject to rigorous rules. Indeed, as RacingNews365’s Dieter Rencken revealed on July 26, numerous Formula 1 … Read more

Binance CEO Files Suit Against Bloomberg Hong Kong for Defamation

Changpeng “CZ” Zhao, the CEO of Binance, alleges that he was defamed in a piece published by Businessweek’s Chinese language publisher in Hong Kong. According to CZ, the piece caused “distress” and “embarrassment” because of comments he made about running a “ponzi scam.” The CEO of one of the biggest cryptocurrency exchanges in the world … Read more