Tag: Bitcoin

On Nov. 11, the crypto exchange FTX filed for bankruptcy protection in the US, the Bahamas-based company said. Chapter 11 bankruptcy filing attributed to Alameda Research estimates the company has $10 billion to $50 billion in liabilities. Also, FTX CEO and founder Sam Bankman-Fried resigned from his role. FTX Group, which includes FTX.com and FTX…

The price of Bitcoin and Ethereum has fallen in the last 24 hours, with the total crypto market cap now sitting at $914 billion, a 10.6% drop in the past 24 hours. The surprise FTX acquisition claim by Binance has sparked a significant overnight drop for Bitcoin and Ethereum. Ethereum’s price now sits at around…

The US Department of Justice (DOJ) announced Monday that more than $3.36 billion worth of Bitcoin affiliated with the DarkNet marketplace Silk Road was seized by law enforcement last November. This seems to be the DOJ’s second-largest Bitcoin confiscation to date. The announcement from the US Attorney’s Office comes after James Zhong, the man who…

Cash App users can now send and receive Bitcoin payments instantly via the Lightning Network, the company announced. Previously, this Lightning function on the popular payments app was limited but now Cash App users can send and receive Bitcoin via the fast solution. Michael Rihani, Cash App Bitcoin Product Lead, announced on Twitter that Cash…

Tesla’s Bitcoin holdings remain unchanged from Q2 2022, or about $218 million worth, the documents released by the car manufacturer say ahead of its Q3 investor relations call. Despite the crypto bear market, Tesla remains one of the largest Bitcoin corporate holders. As Tesla reported to the public on Oct. 19, the company says it…

Bitcoin has officially entered the Guinness World Records (GWS) for a number of entries, the first of which is being recognized as the “first decentralized cryptocurrency.” The latest edition has included a host of achievements from “Cryptomania,” such as the record CryptoPunk NFT sale and El Salvador becoming the first country to adopt BTC as…