Leading electricity car manufacturer Tesla has revealed it has converted 75% of its Bitcoin holdings into fiat currency, selling $936 million worth, the company reported Wednesday in its earnings report.     “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency. Conversions in Q2 added $936M...Continue Reading

The governor of Australia’s central bank, Phillip Lowe, has stated that a private solution could be “better” for cryptocurrencies and blockchain technology, as long as the risks in dealing with these sectors can be mitigated by strong and proper regulations, however the tech should be made by private companies.     At a recent congregation...Continue Reading

What is Celsius?   Per CoinMarketCap, Celsius originally came into being as the product of creators Alex Mashinsky and Daniel Leon in 2017.   Mashinsky has a long-running history in the internet development sphere, having worked on the Voice Over Internet Protocol (VOIP) in the 1990s and other technologies since. Celsius is far from Mashinsky’s...Continue Reading

The Australian and New Zealand banking group back in late March of 2022 decided they would launch the first bank-issued stablecoin payment from Australia through a public permissionless blockchain transaction. The new stablecoin is pegged to the Australian dollar.     ANZ banking services lead Nigel Dobson stated “an ANZ-issued Australian dollar stablecoin is a...Continue Reading

A woman now known as the infamous “Cryptoqueen”, who is accused of defrauding investors of over $4 billion/USD worth of funds through the sale of a fake cryptocurrency, has now been placed on the FBI’s list of its 10 most-wanted fugitives.     She has now been missing for over 4 years, 8 months and...Continue Reading

In late January we detailed the exciting rumours surrounding Intel’s development of a specialised AXG Blockscale efficient Bitcoin mining ASIC” known as the “Bonanza Mine”. This can be read here.   It has been quite a journey, with the project initially becoming known to outsiders by its Bonanza Mine codename. However, in early April, it...Continue Reading

A British Virgin Islands court has ordered major cryptocurrency hedge fund Three Arrows Capital (3AC) to liquidate its assets as the serious market downturn in digital assets continues.   The liquidation has been ordered by a British Virgin Islands court, with Teneo Restructuring being brought in to deal with the liquidation process. Teneo is in...Continue Reading

Principal Assistant Director for energy for the White House office of science and technology policy, Costa Samara, has detailed that the White House is seeking to introduce policies to lower cryptocurrency mining energy consumption, according to a report from Bloomberg Law.     Following President Joe Biden’s executive order in March pressing federal agencies to...Continue Reading

Starting June 1, the Federal Reserve will begin draining that plus $3.3 trillion of bank reserves from its nearly $9 trillion balance sheet to put all of this money in motion — a process it called “quantitative tightening”.     Quantitative tightening, also known as balance sheet normalisation, is a type of monetary policy followed...Continue Reading

Australia’s largest bank has decided it will pause its rollout of its Cryptocurrency trading app-based trading of digital currencies such as Bitcoin and Ethereum pending further regulation.   The multinational corporation has also sought to pause all testing features, preventing any cryptocurrency sales on its app amid the current cryptocurrency market downturn and uncertainty.  ...Continue Reading