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After hinting at it in February, Tesla has now added Bitcoin as a payment option to its online store. When the firm revealed early last month that it had purchased $1.5 billion worth of bitcoin to provide "more flexibility to further diversify and maximize returns on our cash,
Just over a month post-launch, Purpose Investment's Bitcoin exchange-traded fund (ETF) holds more than 14,000 bitcoin, approximately $820 million at press time, in assets under management. The Canadian asset management firm reported its milestone on Thursday, when it disclosed that the ETF had cracked the $1 billion
Legend has it that there cannot be a Bitcoin bull market without an episode of vocal concerns about the state of the world’s largest stablecoin Tether (USDt). Earlier this year, accusations resurfaced that USDt was not fully backed, meaning that its issuer Tether allegedly did not hold the equivalent
News • Business • Mar 29, 2021
Legend has it that there cannot be a Bitcoin bull market without an episode of vocal concerns about the state of the world’s largest stablecoin Tether (USDt). Earlier this year, accusations resurfaced that USDt was not fully backed, meaning that its issuer Tether allegedly did not hold the equivalent
News • Business • Mar 29, 2021
After hinting at it in February, Tesla has now added Bitcoin as a payment option to its online store. When the firm revealed early last month that it had purchased $1.5 billion worth of bitcoin to provide "more flexibility to further diversify and maximize returns on our cash,
News • Business • Mar 23, 2021
Just over a month post-launch, Purpose Investment's Bitcoin exchange-traded fund (ETF) holds more than 14,000 bitcoin, approximately $820 million at press time, in assets under management. The Canadian asset management firm reported its milestone on Thursday, when it disclosed that the ETF had cracked the $1 billion
News • Business • Mar 18, 2021
Morgan Stanley plans to offer Bitcoin funds to its wealthiest customers. CNBC reported on March 17th that the investment bank, which manages $4 trillion of client assets, told its financial advisors in an internal memo that it would offer three separate Bitcoin funds to the wealthiest of its clients as
News • Bitcoin • Mar 16, 2021
Visa seemingly plans to follow in PayPal's fresh footsteps as it works to adopt Bitcoin. The firm's CEO Alfred Kelly said on Fortune’s Leadership Next podcast on Tuesday that the payment processing behemoth is willing to facilitate not only bitcoin purchases, but also spending functionalities,
News • Bitcoin • Mar 16, 2021
As Bitcoin receives increased screen time on the global stage for its energy consumption, approaches are being developed around the world to make bitcoin mining more efficient. Vancouver-based clean tech startup MintGreen is working on one such development by recovering waste from Bitcoin mining and selling it via heat offtake
News • Business • Mar 15, 2021
India is set to propose a law banning Bitcoin, again. According to a March 15th Reuters report, a local government official said that the upcoming bill is one of the world’s strictest policies against bitcoin and other digital assets. The new rules would criminalize the possession, issuance, mining, trading
News • Bitcoin • Mar 14, 2021
New York fund management company WisdomTree Investments is the latest contender to join the race to launch the first Bitcoin ETF in the United States. The filed an S-1 form with the Securities and Exchange Commission (SEC) on March 11th, in hopes of gaining approval for the launch of its
News • Business • Mar 11, 2021