Tag: cointelegraph

Crypto industry experts are largely unfazed by Tesla’s decision to sell 75% of its Bitcoin (BTC) holdings, saying it’s a fairly typical strategy for companies to improve cash flow during economic slowdowns.  On Wednesday, the electric vehicle manufacturer revealed that it had sold 75% of its Bitcoin holdings in Q2, adding $936 million in fiat […]

“It’s time to move the crypto policy debate from “we need regulation” to ‘what are the impacts of specific regulatory proposals?’” said Chamber of Progress. 325 Total views 5 Total shares The tech trade group Chamber of Progress called on members of the United States Senate and House of Representatives for regulatory clarity in the […]

Elon Musk’s electric vehicle maker has offloaded most of its BTC reserves, according to financial statements released on Wednesday. 2271 Total views 34 Total shares Electric vehicle maker Tesla sold most of its Bitcoin (BTC) holdings in the second quarter, according to new financial disclosures released on Wednesday. “As of the end of Q2, we […]

The advisory primarily targets reporting of NFTs investments that represent “property,” such as real estate. 1450 Total views 34 Total shares The United States Office of Government Ethics (OGE) issued a legal advisory recommending various instances when senior government officials are required to disclose their investments in nonfungible tokens (NFT). In the legal advisory presented […]

On blockchains like the Ethereum Mainnet, fees represented in the blockchain’s cryptocurrency units must be paid for transactions to be performed and recorded. From exchanges, one can purchase Ether (ETH), the native cryptocurrency of the Ethereum blockchain, and pay the transaction costs. However, alternative Ether distribution mechanisms are utilized on test networks like Rinkeby and […]

Senator Emmer highlighted the SEC’s politicization of regulations and called them power-hungry regulators that discourage good-faith regulations. 1197 Total views 43 Total shares Tom Emmer, the Republican Senator from Minnesota, has become the latest politician to blast the United States Securities and Exchange Commission (SEC) for its unethical actions against crypto companies. Emmer posted a […]

Thai cryptocurrency exchange Zipmex has paused withdrawals on its platform following a “combination of circumstances” beyond its control. Cointelegraph reports that Zipmex could be in trouble were dismissed as “rumors” by CEO and co-founder Marcus Lim following the failed acquisition of the Thai exchange by Coinbase. Due to a combination of circumstances beyond our control […]

Nearly 60% of the electricity used to power Bitcoin (BTC) mining machines comes from sustainable sources, according to the latest Q2 2022 report from the Bitcoin Mining Council (BMC). In its Q2 review of the Bitcoin network released on Tuesday, the BMC found that the global Bitcoin mining industry’s use of sustainable energy is up […]

After 73 days of “extreme fear” on the Crypto Fear and Greed Index, investors can breathe a very small sigh of relief. 5422 Total views 6 Total shares Bitcoin (BTC) on Tuesday finally escaped the “extreme fear” zone after a whopping 73 days, coinciding with a 19% weekly increase in BTC as bulls make their […]

Senator Cynthia Lummis said that non-crypto-versed Senators will need some time to understand and digest the proposals. 289 Total views 4 Total shares The major bipartisan crypto bill led by U.S. Senators Cynthia Lummis (Republican) and Kirsten Gillibrand (Democrat) will most likely be deferred to next year according to the duo. Speaking during Bloomberg’s Crypto Summit […]