TESLA REPORTS $140 MILLION NET LOSS FROM BITCOIN TRADING LAST YEAR |1300 HKT | 0600 UKT | 1 February 2023

by Александр Пирогов | Feb 1, 2023 | Blog News

Electric vehicle manufacturer Tesla filed its annual report to the US Securities and Exchange Commission on 31 January. According to the report, Tesla’s Bitcoin holdings recorded a $204 million gross impairment loss last year. The company also gained $64 million from...

BITCOIN MINING REVENUE INCREASED BY 50% IN ONE MONTH | 1300 HKT | 0600 UKT | 31 January 2023

by Александр Пирогов | Jan 31, 2023 | Blog News

As the Bitcoin price is gradually recovering from the crypto turmoil last year, this month has recorded a 50% growth in Bitcoin mining revenue through mining rewards and transaction fees when compared to last month’s figure. The revenue dropped to $13.6 million on 28...

NIGERIAN CENTRAL BANK’S LIMITATION OF ATM WITHDRAWN LEADS TO A SURGE IN BITCOIN PRICE IN THE COUNTRY | 1300 HKT | 0600 UKT | 31 January 2023

by Александр Пирогов | Jan 31, 2023 | Blog News

The Central Bank of Nigeria’s new measure to limit the daily and weekly withdrawal of local currency from the ATM has led to a surge in the price of Bitcoin in the country. The exchange rate of 1 Bitcoin is reportedly $38,792 on the country’s crypto exchange NairaEX,...

SOUTH KOREA TO INTRODUCE VIRTUAL CURRENCY TRACKING SYSTEM IN THE FIRST HALF OF 2023 |1300 HKT | 0600 UKT | 31 January 2023

by Александр Пирогов | Jan 31, 2023 | Blog News

South Korea’s Ministry of Justice introduced its plan to launch the Virtual Currency Tracking System on 26 January to combat money laundering and trace funds related to illegal activities. The new system is expected to be deployed in the first half of 2023 and will be...

CRYPTOCURRENCY LENDER GENESIS FILES FOR BANKRUPTCY IN US COURT |1300 HKT | 0600 UKT | 27 January 2023

by Александр Пирогов | Jan 27, 2023 | Blog News

Genesis Global Holdco and two of its subsidiaries, Genesis Global Capital and Genesis Asia Pacific filed for bankruptcy in the Southern District of New York on 19 January. Genesis estimated that the company had more than 100,000 creditors. Its estimation of total...

US SEC REJECTS LISTING APPLICATION OF ARK 21SHARES BITCOIN ETF ON CBOE BZX |1300 HKT | 0600 UKT | 27 January 2023

by Александр Пирогов | Jan 27, 2023 | Blog News

US Securities and Exchange Commission (SEC) has again rejected the application to list the Bitcoin ETF on the equities exchange Cboe BZX, which is proposed to be jointly managed by ARK Investment Management and 21Shares. The first application was rejected in 2022....