The largest electric vehicle (EV) manufacturer, Tesla, released its financial report for Q1 2024 with no signs of selling any of its Bitcoin (BTC) holdings while its total revenue plunged. According to the report, Tesla’s total revenue declined by 15.3% between Q4 2023 and Q1 2024 — falling from $25.1 billion to $21.3 billion. The company’s total...
Polymarket issues a public statement addressing the recent “retardio” incident involving an intern’s posts, expressing apologies for “inappropriate language.” Polymarket, a decentralized prediction market platform that allows users to place bets on world events, has found itself in hot water after its intern published a series of posts on X, which resemble together the word “retardio.” In an...
Nigeria’s central bank denies false claims made by crypto media, asserting that it didn’t mandate local banks to freeze accounts associated with unlicensed crypto exchanges. The Central Bank of Nigeria (CBN) says it didn’t order local financial institutions to freeze accounts linked to unlicensed crypto exchanges after reports surfaced alleging such directives. In an X post, the...
Two sources familiar with the matter say that the defunct cryptocurrency exchange FTX is looking to auction off the remainder of its Solana (SOL) token holdings. Speaking to Bloomberg, the sources revealed that a “blind auction” is set to be held this week with an April 24 deadline. The result is slated to be announced the following day. The...
Lawyers for Terraform Labs co-founder Do Kwon appealed the Supreme Court of Montenegro’s decision to extradite the entrepreneur. According to The Korea Times, the entrepreneur’s defense filed another appeal after Montenegrin authorities decided to extradite Do Kwon in mid-April. The media claim that lawyers want to avoid handing Do Kwon over to U.S. authorities. Kwon’s lawyers prefer to...
On April 23, net daily capital inflows into spot Bitcoin ETFs totaled $31.64 million. According to SoSo Value, despite the decrease in asset inflows from $62 million on April 22 to $31 million on April 23, a positive trend has continued for the third trading day. During this period, Bitcoin funds received $153.29 million from inflows. Source: SoSo...
Crypto security startup Fireblocks has rolled out public access to its dApp Protection and Transactions Simulation tool to bolster on-chain safety when moving assets. Following the introduction of spot Bitcoin (BTC) ETFs in U.S. markets and rising cryptocurrency prices leading into this year, decentralized finance has witnessed a fresh spate of institutional investment and detail adoption. According...
Bitcoin’s fourth halving event has drawn significant attention to its comparison with gold regarding scarcity, as highlighted by Glassnode analysts. According to Glassnode, this event marked a historic moment where Bitcoin’s (BTC) issuance rate fell below that of gold for the first time, emphasizing a pivotal shift in the narrative surrounding the two assets. As reported, the halving...
SYDNEY (Reuters) - An Australian counter terrorism team arrested seven teenagers on Wednesday linked to a boy charged with a religiously-motivated terror attack on a Sydney bishop and questioned another five people. Police said a team of more than 400 police and security personnel were involved in the operation, which arrested associates of a 16-year-old boy...
MOSCOW (Reuters) - A Russian court on Tuesday rejected the latest in a series of appeals by Wall Street Journal reporter Evan Gershkovich against his pre-trial detention on charges of espionage. Gershkovich, 32, became the first U.S. journalist arrested on spying charges in Russia since the Cold War when he was detained by the Federal Security...
