Bit Digital, a US-based leading Bitcoin mining player declared its 424.7 Bitcoin-rich reservoir minted in January 2021. As per the news report, these 424.7 Bitcoins are unaudited, worth $14.8 million that the company generated in January this year. Bit Digital, listed on Nasdaq as BTBT, had a reserve full of 262.6 Bitcoin by the end
Tesla’s move of purchasing $1.5 billion bitcoin has sent shockwaves in the crypto world, sending the bitcoin price to reach $46,500 at the time of writing. Now more than ever is the need to understand how this purchase will influence other businesses and shape the American economy from this point forward. If skeptics are to
Bitcoin prices spiked to above 15% after Tesla owner and billionaire Elon Musk announced to invest $1.5 billion in bitcoin. Bitcoin prices hit $44,795.20 around 1325 GMT, on Monday, February 8, before cooling slightly to $44,207.95; the price has spiked by 50% since the start of 2021. This is the first time in the history
The authorities in the Bavarian town of Kempton, Germany, had to accept their defeat in accessing the seized Bitcoins of a convicted hacker. Despite the officials’ tireless efforts, they could not crack the chain of passwords protecting over 1,700 Bitcoin assets of the fraudster sentenced to two-plus years of imprisonment by the court. The convict
Cere Network has announced that it will be integrating with Torus labs to provide its users with a hassle-free and user-friendly experience on their web applications and programs. One such program is Cere’s Data Science Marketplace (DSM), which is created to eliminate the sophisticated process of carrying out data analysis and employing data experts. In
Anthony Pompliano, CEO of Morgan Creek Digital, has predicted that the value of Bitcoin will break through the $400k ceiling in the long-term. He feels that it will be a normal fallout of the perceived value of Bitcoin by investors against assets like gold and the dollar. Bitcoin has always been notoriously volatile in the
Since the Bitcoin was created about a decade back, it has at best been through a tumultuous love-hate relationship with Governments around the world, more so in the USA. Successive Governments had not taken too kindly to Bitcoin. In 2012, the Obama-Biden administration had looked into the possibility of banning Bitcoin in the country. More
In a landmark development, Chiliz ($CHZ) will be included on Mercado Bitcoin. It is a linkup of two giants in the cryptocurrency sector. Mercado Bitcoin is Brazil’s and Latin America’s biggest digital assets and cryptocurrency trading platform. Chiliz ($CHZ) is a currency option on rewards app Socios.com for Blockchain-based products and services, providing an enriched
Deutsche Bank has been ordered to pay $150 million by the New York state financial regulators. This follows the unearthing of “significant compliance failures” by the Bank in having a customer-bank relationship with Jeffery Epstein, the alleged child sex trafficker. The regulators have indicted the Bank for providing banking services to Epstein despite knowing about
South America is in the news again; this time not due to a virally spreading pandemic, the inflation rates going out of control, the continent’s crime reports, or illegal businesses such as the drug mafia. An entirely new chain of events getting triggered by its hyper-adoption of cryptocurrency is creating new ripples of worries for
