Musk Inquires about Moving Large Tesla Transactions to Bitcoin

Elon Musk inquired about converting “large transactions” of Tesla’s balance sheet into Bitcoin in an online exchange with Bitcoin enthusiast Michael Saylor. The famous Tesla CEO who has made public his desire to lead a team to mars, engaged Michael…

Bitcoin ETF: What is It and How Does it Work?

The Bitcoin ETF (Exchange-Traded Funds) applications, rejections, and rumors of possible approval have been affecting price action in the past few weeks. While the SEC is yet to approve a Bitcoin ETF that follows its requirements and addresses crucial security…

Ripple Gets JPMorgan Veteran and Regulatory Expert Sandie O’Connor

With strong expertise in banking, treasury, capital markets, and regulatory affairs, O’Connor has over 30 years of leadership experience. While “Ripple is reshaping the financial landscape solving inefficiencies with today’s payments infrastructure using digital assets and blockchain technology,” Sandie O’Connor,…

Fidelity-backed Crypto Trading Platform OSL is Finally Legal in Hong Kong

OSL is now legally authorized to run managed brokerage services, and automated digital asset trading services as the crypto trading network has finally secured a Hong Kong license. OSL, a central digital asset portal in Asia and a unit of…

Flash Loan Attack: Origin Protocol Unveils Compensation Plan that Excludes Founders

For its depositors, who were adversely impacted by the flash loan attack in November, the Origin Protocol team has unveiled a reimbursement package. The team stated that there is already a proposal to pay equivalents of 100 per cent, the…

JPMorgan Predicts $600 Billion Bitcoin Demand

The Bank said that even 1 percent of major financial firms’ asset allocation would result in BTC demand of $0.6 trillion. In a research report, JPMorgan Chase, one of the largest investment banks in the world, mentioned that the recent…

Bitcoin Prices Surge as ADA Predict a 30% Change with Network Upgrade.

Bitcoin’s latest price rise may be at least partially due to Chinese miners trying to trade their crypto for money in the face of a government crackdown on local exchanges, culminating in a supply shortage. “The lack of supply has…

Former PBoC Head: China has no Plans to Replace the US Dollar

A former People’s Bank of China governor has said that the country has no intention to replace the US dollar with the digital Yuan it’s working on. The former PBoC governor and current head of the Chinese Finance Association, said…

FinCEN Allows Banks to Exchange Customer Information

Financial firms, ranging from banks to cryptocurrency exchanges, are urged by a U.S. body that battles financial fraud to share consumer data to catch wrongdoers. A fact sheet was released Thursday by the Financial Crimes Enforcement Network (FinCEN), a Treasury…

Whale Action is Behind BTC’s Sudden Drop in Price?

On Dec. 8, at around 06:00 UTC, the world’s first cryptocurrency price dropped from $18,770 to about $18,031. After that, by press time, it retraced marginally to $18,200. Since the bellwether cryptocurrency hit an all-time peak of about $19,920, per…