Tags : million

Bitcoin

El Salvador gets a $150 million Bitcoin Trust while BTC

El Salvador’s Legislative Assembly agreed earlier this week to create a $150 million Bitcoin Trust, intended to facilitate conversions from Bitcoin (BTC) to US dollars, while bolstering the development of crypto infrastructure and services across the country. President Nayib Bukele, who ushered in the controversial legislation in June, reassured the local populace on several occasions […]Read More

Bitcoin

Morgan Stanley holds over $36 million worth of Bitcoin (BTC)

American multinational investment bank and financial services company Morgan Stanley has been generously investing in the Grayscale Bitcoin Trust (GBTC), a recent filing with the US Securities and Exchange Commission (SEC) shows. To feed its increasing appetite for crypto, the Wall Street giant opted for a “traditional investment vehicle” that enables investors to gain exposure […]Read More

Cryptocurrency

Critical vulnerability found in SushiSwap put $350 million at risk

A critical vulnerability found on decentralized exchange platform SushiSwap put over $350 million at risk before it was patched by developers last night, a report this morning showed. It was discovered by ‘samczsun,’ a pseudonymous security researcher at Paradigm, who quickly informed Sushi developers about the bug and helped mitigate any potential harm. Auditor’s logs, […]Read More

Market

Infrastructure bill passes, Coinbase posts $1.6 billion in Q2 profit,

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week   Infrastructure bill passes US Senate — without clarification on […]Read More

Regulation

US SEC fines so-called ‘DeFi’ lending project after $30 million

The US Securities and Exchange Commission (SEC) charged two Florida men and their Cayman Islands company for illegally selling upwards of $30 million of securities using smart contracts and even decentralized finance (DeFi) technology, a court filing last week showed. The SEC said the duo misled investors concerning the operations and profitability of the so-called […]Read More

Bitcoin

Nigeria moved $40 million via peer-to-peer Bitcoin (BTC) trades last

Data on Bitcoin peer-to-peer trading has shown that nearly $40 million worth of the leading digital asset was moved in the last 30 days by Nigerian Bitcoin users This figure is in line with those the African country had recorded since her government banned financial institutions from providing their services for crypto transactions. Despite the […]Read More

Bitcoin

Fashion designer with 2.5 million followers is now accepting Bitcoin,

Upscale German fashion designer Philipp Plein told his 2.5 million followers on Instagram he will now accept crypto as payment online and in his stores. Plein has partnered with payment processors Coinify to make this happen. Online buyers opting to pay in crypto will get redirected to Coinify’s payment page to complete their purchases. The […]Read More

Bitcoin

Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled

Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment of $23M.” “Operating income increased [year-over-year] mainly due to volume growth and cost reduction. Positive impacts were partially offset by growth in operating […]Read More

Regulation

Ripple transfers 60 million XRP even as US SEC lawsuit

To bolster its fair notice defence in a lawsuit filed by the Securities Exchange Commission (SEC), Ripple (XRP) claims two of their sitting Commissioners have spoken out about the lack of clarity on how securities laws apply to crypto.  Meanwhile, Ripple and Binance got caught on the radar as 110 million XRP tokens worth roughly […]Read More