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Bitcoin Mining Firms React to China's Announced Crackdown
Bitcoin Mining Firms React to China's Announced Crackdown
News  -  Business  -  May 24, 2021 by Thomas M

Bitcoin mining firms BTC.TOP and Huobi Mall have reacted to recent developments surrounding Bitcoin mining in China. The move comes after a statement was published by the Financial Stability and Development Committee of China's State Council summarizing a State Council meeting held by Vice Premier Liu He

Tether Publishes Breakdown of Reserves Backing the World's Largest Stablecoin
Tether Publishes Breakdown of Reserves Backing the World's Largest Stablecoin
News  -  Business  -  May 13, 2021 by Thomas M

The world's largest stablecoin has had its fair share of media exposure during the latest Bitcoin bull market as critics questioned its backing, even going as far as to allege Bitcoin price manipulation through the use of Tether (USDt). In March, the New York Attorney General's

Elon Musk’s Bitcoin Mining Council Fuels Controversy
Elon Musk’s Bitcoin Mining Council Fuels Controversy

Elon Musk and Microstrategy CEO Michael Saylor have come under fire after announcing the formation of a Bitcoin Mining Council to promote sustainability initiatives. The Bitcoin Mining Council is the result of a meeting between North American Bitcoin miners who have committed to publishing the details of their renewable energy

News  -  Business  -  May 25, 2021
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Elon Musk’s Bitcoin Mining Council Fuels Controversy
Elon Musk’s Bitcoin Mining Council Fuels Controversy

Elon Musk and Microstrategy CEO Michael Saylor have come under fire after announcing the formation of a Bitcoin Mining Council to promote sustainability initiatives. The Bitcoin Mining Council is the result of a meeting between North American Bitcoin miners who have committed to publishing the details of their renewable energy

News  -  Business  -  May 25, 2021
Bitcoin Mining Firms React to China's Announced Crackdown
Bitcoin Mining Firms React to China's Announced Crackdown

Bitcoin mining firms BTC.TOP and Huobi Mall have reacted to recent developments surrounding Bitcoin mining in China. The move comes after a statement was published by the Financial Stability and Development Committee of China's State Council summarizing a State Council meeting held by Vice Premier Liu He

News  -  Business  -  May 24, 2021
Tether Publishes Breakdown of Reserves Backing the World's Largest Stablecoin
Tether Publishes Breakdown of Reserves Backing the World's Largest Stablecoin

The world's largest stablecoin has had its fair share of media exposure during the latest Bitcoin bull market as critics questioned its backing, even going as far as to allege Bitcoin price manipulation through the use of Tether (USDt). In March, the New York Attorney General's

News  -  Business  -  May 13, 2021
As Elon Ditches Bitcoin Payments, Bitcoiners Ditch Their Tesla Orders
As Elon Ditches Bitcoin Payments, Bitcoiners Ditch Their Tesla Orders

$10,000 red candles appear less shocking the second time around. And although Bitcoin is on its way to recovery following a near-instant crash to $45,000, the culprit remains the center of attention: Elon Musk, who sent waves of shock, confusion, and outrage through the wider Bitcoin space when

News  -  Business  -  May 13, 2021
E-Commerce Giant Mercado Libre Adds Bitcoin to Balance Sheet
E-Commerce Giant Mercado Libre Adds Bitcoin to Balance Sheet

Argentine e-commerce corporation Mercado Libre has bought $7.8 million worth of bitcoin, as revealed in the firm's Q1 earnings results. Mercado Libre is Latin America's most popular e-commerce platform, counting more than 170 million users in 2016. The decision to buy bitcoin was made in

News  -  Business  -  May 06, 2021
Game Publisher Nexon Buys $100M Worth of Bitcoin
Game Publisher Nexon Buys $100M Worth of Bitcoin

South Korean-Japanese game publisher Nexon has become the latest publicly traded company to add Bitcoin to its balance sheet. As the firm announced on Wednesday, it has bought $100 million worth of bitcoin, which represents less than 2% of its total cash and cash equivalents. This makes Nexon the first

News  -  Business  -  Apr 28, 2021
Tesla Sold $272M Worth of Bitcoin to "Prove Liquidity of Bitcoin"
Tesla Sold $272M Worth of Bitcoin to "Prove Liquidity of Bitcoin"

Tesla has sold $272 million worth of bitcoin, amounting to 10% of its previous $1.5 billion bitcoin purchase announced in February. This leaves the car manufacturer with $1.331 billion worth of bitcoin on its balance sheet, according to the firm's Q1 shareholder update. The sale had

News  -  Business  -  Apr 27, 2021
The Best Banks for Bitcoiners in 2021
The Best Banks for Bitcoiners in 2021

By banning its customers from buying and holding MicroStrategy and Coinbase stock due to their indirect connection to "virtual currency products," HSBC made clear last week that it has no interest in participating in the accelerated demand for Bitcoin — and by extension, neither can the customers of Europe&

News  -  Business  -  Apr 26, 2021
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