Tesla reports $600M Bitcoin gain in Q4 using new accounting rule
Tesla has used a new crypto accounting rule to book a nearly $600 million net gain on its Bitcoin holdings in the fourth quarter of 2024.
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Blame traditional finance for the collapse of Silicon Valley Bank
The entire banking concept is based on the assumption that depositors will not want to withdraw their money at the same time. But what happens when this assumption fails? The answer lies in the asset-liability mismatch of banks, which can lead to disastrous consequences for the broader financial system. Silicon Valley Bank (SVB), one of the…
XRP Price and Volume Linked to Twitter Activity, New Data Reveals
XRP gains from the month of February were erased over the past two weeks as the altcoin returned to its late January price at $0.23 today. The majority of the losses appear to be caused by the massive correction in traditional markets, which caused a sharp downturn for Bitcoin and many altcoins.As reported by Cointelegraph,…
ShapeShift’s Voorhees: Bitcoin Won’t Become Trillion-Dollar Asset Without More Bubbles
The CEO of instant cryptocurrency exchange platform ShapeShift told Bloomberg TV on May 15 that bubbles are an essential part of the industry’s growth.Speaking in an interview, Erik Voorhees argued that the volatility seen in bitcoin (BTC) and altcoin markets over the years is a necessary phenomenon for a nascent asset.“There have to be bubbles…
SC Ventures invests in One Trading for EU crypto perpetual futures
Standard Chartered's venture capital arm gets a toehold in Europe with its investment in the EU's only MiFID II-compliant crypto platform.
New Crypto Mining Malware Beapy Uses Leaked NSA Hacking Tools: Symantec Research
American software security firm Symantec found a spike in a new crypto mining malware that mainly targets enterprises, TechCrunch reports on April 25.The new cryptojacking malware, dubbed Beapy, uses the leaked United States National Security Agency (NSA) hacking tools to spread throughout corporate networks to generate big sums of money from a large amount of…
Aussies lost $122 million to crypto scams in the last 12 months: AFP
The Australian Federal Police revealed that scammers are using deepfakes and pig butchering as their primary methods to defraud victims.
SEC should declare XRP a security, says Peter Brandt
Could XRP’s regulatory status be finally settled one day? 499 Total views 4 Total shares Veteran trader and chart analyst Peter Brandt is the latest figure in the cryptocurrency community to dispute the regulatory status of XRP.According to the chartist, XRP — the fourth largest cryptocurrency at publishing time — is a security, which means…
Russia’s Ministry of Education Introduces System for Tracking Diamonds via Blockchain
Russia’s Ministry of Education and Science (Minobrnauki) has introduced a blockchain-enabled platform for tracking natural diamonds, government-backed news agency TASS reports today, Jan. 30.The new Russian diamond tracking technology claims to fully guarantee the authenticity of diamond products across all the supply chain, from extraction and polishing to the final owner.Based on emerging IT technologies…