Tesla (TSLA) has revealed that it holds 9,720 Bitcoins, worth approximately $1.07 billion, as of the end of last year. This significant increase in value compared to previous quarters is attributed to the rise in Bitcoin’s price and a new accounting rule that requires companies to report their cryptocurrency holdings based on their current Market ...
A recent court ruling has determined that 94,000 Bitcoin, seized from the Bitfinex exchange hack in 2016, must be returned to Bitfinex. Originally valued at approximately $3.6 billion at the time of seizure, the Bitcoin has significantly appreciated and is now worth over $9.3 billion. This decision stems from a filing that acknowledges Bitfinex as ...
Tether, the leading stablecoin, has experienced a significant drop in its Market value due to new cryptocurrency regulations in the European Union. The value of USDT fell by over 1% this week, marking its largest decline since the FTX crash in November 2022. This drop coincides with several exchanges, including Coinbase, removing USDT due to ...
The cryptocurrency Market is experiencing a surge in excitement following recent elections, leading Bitcoin to surpass $100,000 for the first time. As of Thursday afternoon, it was hovering around $101,000, reflecting significant daily and weekly gains. Other cryptocurrencies are also thriving, with XRP and TRON each increasing by nearly 60%. The overall Market value of ...
