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
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
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
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
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
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
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
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
Since the last few days, Axie Infinity (AXS) has been creating a massive bullish reversal pattern that might drive its prices higher. The pattern, also known as the “cup and handle,” is distinguished by a broad crescent form followed by a small upward retracement. It usually ends when the price breaks above the cup-and-handle’s neckline … Read more
Data shows that the trading volume for non-fungible tokens (NFTs) between May and June decreased by 74%. The May trade volume was $4 billion, whereas June saw $1.04 billion. The previous low was 48 percent, which happened during March and February this year. The current dip in NFT marketplace trade volume is the greatest month-over-month … Read more