Tesla’s New Move in Crypto: A Shift in Bitcoin Holdings
Tesla, the electric vehicle giant led by Elon Musk, has made headlines once again with its latest cryptocurrency action. According to Arkham Intelligence, a blockchain analytics company, Tesla has transferred around $765 million worth of Bitcoin to unknown wallets....
Crypto Markets Surge After Inflation Concerns Fade
Cryptocurrency markets bounced back sharply on Friday, following a dip the previous day. Bitcoin (BTC), the largest digital asset by market cap, climbed back to $63,000, shaking off concerns over rising inflation in the U.S. Investors shifted their focus towards...
SEC Chair Gary Gensler Questions Future of Cryptocurrencies as Everyday Payments
In a recent talk at the New York University (NYU) School of Law, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler expressed doubts about the future of bitcoin (BTC) and other cryptocurrencies as common payment methods. Instead, he believes these...
Bitcoin’s Dominance in the Market Could Slow as U.S. Federal Reserve Cuts Rates
The U.S. Federal Reserve's decision to cut interest rates could pause Bitcoin's ongoing dominance in the cryptocurrency market. According to SwissOne Capital, a crypto asset management firm, this shift could open up opportunities for broader gains across the crypto...
The Mystery Behind Bitcoin’s Creator: Is Peter Todd Satoshi Nakamoto?
HBO's recent documentary Money Electric: The Bitcoin Mystery sparked intense speculation by suggesting that Peter Todd, a well-known figure in the cryptocurrency space, could be the elusive creator of Bitcoin, Satoshi Nakamoto. Despite these claims, Todd, a...
Judge Approves FTX Liquidation Plan to Repay Users
In a major development for FTX, the now-defunct cryptocurrency exchange, a U.S. judge has approved a plan to liquidate the company and distribute funds to its users. On October 7, United States Bankruptcy Judge John Dorsey gave the green light for FTX's liquidation...