Tesla reports $600M Bitcoin gain in Q4 using new accounting rule

Fiat-crypto exchange Binance Jersey has listed a proprietary GBP-backed stablecoin, according to a press release shared with Cointelegraph on July 19.‘Overwhelming demand’ for stablecoin diversificationListing of the Binance GBP Stablecoin (BGBP) confirms earlier indications that the major industry player had its sights on imminently issuing its own fiat-pegged assets, starting with a cryptocurrency 100% backed…

Bitcoin (BTC) and major altcoins are attempting a recovery after the sharp fall on April 11. According to Glassnode’s recent weekly report, Bitcoin has witnessed a “modest volume of profit-taking by investors” since mid-February, which could “be providing sufficient headwinds to prices.”While some investors are booking profits, the Luna Foundation Guard, the nonprofit organization attached…

Voxies, Smooth Love Potion and MyNeighborAlice overcome the noise to post double-digit gains thanks to protocol updates and a new exchange listing. 402 Total views 22 Total shares Crypto markets are taking a beating but there are still a few standout performers even during this week's volatility.One sector that has managed to rise above the…

China is reportedly paying more attention to the crypto mining sector, amid concerns of its growing carbon footprint. 328 Total views 5 Total shares China’s crypto mining operations may be set for stricter supervision in the future, with the Government reportedly concerned about the energy consumption of Bitcoin mining in particular. Beijing sent an “emergency…

Bitcoin (BTC) currently sits at $6,370, a slight recovery from the March 27 pullback which saw the price drop nearly 9% in 4 hours. Despite showing some bullish signs, Bitcoin is still down nearly 30% since last Friday.As previously reported by Cointelegraph, the crash may have been caused by the recent mining difficulty adjustment of…

BNY Mellon CEO Robin Vince pointed to a survey earlier this year which found 91% of institutional asset managers were interested in investing in tokenized assets. 142 Total views 12 Total shares BNY Mellon CEO Robin Vince says “client demand” was the “tipping point” that ultimately led to the bank’s launch of institutional-focused crypto services…

Bitcoin miners seem to be capitulating, a harbinger of a bullish reversal, according to ARK.

A contested election between president Alexander Lukashenko and Svetlana Tikhanovskaya leaves the future of crypto in Belarus in limbo. Protests have erupted in Belarus following the country’s presidential election on Sunday, but the possible continued presidency of Alexander Lukashenko may be good news for crypto.Lukashenko reportedly won re-election against opposition candidate Svetlana Tikhanovskaya in a…

The Ministry for Digital Transformation of Ukraine, a major government authority behind local crypto regulation, will be implementing Bitfury’s crypto analytics tool to track crypto transactions.As officially announced on July 23, the Ministry has signed an agreement with Birfury’s crypto compliance product known as Crystal.Bitfury’s Crystal to provide crypto analytics expertise to the Ukraininan governmentLaunched…