Category: Bitcoin News
Tesla earnings meet Q2 expectations, sells 75% of its Bitcoin
After the closing bell on Tuesday, Tesla ( TSLA), reported Q2 earnings, meeting analysts’ expectations, following a long COVID-induced shut down at its Shanghai production plant. According to the company, 75% of...
Bitcoin was supposed to hedge against inflation-here’s why it hasn’t worked that way
Bitcoin has fallen in value this past year, weakening the argument that it can be an effective hedge against inflation during economic turmoil. Bitcoin supporters have long believed that Bitcoin’s scarcity would preserve its...
Report: $4B in Bitcoin Mining Loans Are in Distress – JPMorgan Analyst Says Price Pressure Stems From Miner Sales
The price of bitcoin ( Bitcoin) has fallen 21% from two weeks ago. This has harmed BTC miners greatly. A report by Bloomberg shows that many loans backed with mining machines are in danger. Ethan Vera,...
Bitcoin Drops to $29,200 as Inflation Reaches Highest Level Since 1981
Bitcoin, the most popular cryptocurrency in the world, fell to $29,453 intraday after U.S. inflation reached its highest point since 1981. The United States Department of Labor data shows that...
India’s Central Bank RBI to Adopt a ‘Graded Approach’ to Digital Currency Launch
The Reserve Bank of India has released its annual reports for 2021-22 Friday. The report discusses the central bank’s digital currency (CBDC), among other topics. The report details: “The design of...
Greenwich estate owner will accept bitcoin or Ethereum cryptocurrency as payment for $6.5 million property
If this real estate listing is any indication, the Gold Coast of Connecticut could soon become the Crypto Coast. A Greenwich estate owner is open to accepting cryptocurrency in exchange...
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
The average Ethereum network fee rose from $5.98 per transaction in mid-March to $43.41 by the beginning of April 2022. This is a 625% increase, but the average Ethereum gas fee dropped to...
Stellar Tops Crypto Transactions By Volumes; Bitcoin Fourth, Ethereum Third: Report
Stellar (XLM), which has the highest number of transactions per second among crypto currencies, is 83.26 per sec. With 222,930 transactions per hour or 2.58 transactions per sec, Bitcoin (BTC) is...
Central Bank of Honduras denies rumours of accepting Bitcoin as legal tender
BCH (Central Bank of Honduras) has responded to speculations that the country would adopt Bitcoin as legal currency, just like El Salvador. The Central Bank of Honduras clarified Wednesday that...
Unicef Receives $2.5 Million in Crypto for Ukraine From Binance Charity Foundation
Binance Charity Foundation announced a $2.5 million donation in cryptocurrency to the United Nations Children’s Fund. This money will be used for financing the organization’s efforts to Ukraine in the midst...