[lwptoc] Tesla CEO Elon Musk announced three weeks ago that the electric car company would no longer accept bitcoin as a payment method, citing concerns about the cryptocurrency’s link to increased fossil fuel consumption. Bitcoin BTCUSD, 3.01 percent has lost nearly a third of its value since May 12, pulled down in part by criticism…
Bitcoin wallet firm Exodus earlier this year sold $75 million in common stock in the company, purchasable only through its wallet. The sale was notable for the company’s decision to only accept Bitcoin……….. Read Full Coverage
The IAMAI’s Blockchain and Crypto Assets Council would establish a formal board of lawyers, technological experts, and fintech compliance experts to assure self-regulation. Read Full Coverage….
OnePlus Getting Into Crypto, a Chinese smartphone manufacturer may be considering entering the cryptocurrency market. The firm was recently discovered conducting a blockchain research poll aimed at gathering consumer input on cryptocurrencies. Users are being asked if they have utilized trading services such as BuyUcoin. The news was first reported by MySmartPrice, and the poll…
Coinbase stated Tuesday that it has formally listed dogecoin on Coinbase Pro, a huge milestone that exposes the “joke” cryptocurrency to one of the world’s top bitcoin and crypto exchanges, after teasing it earlier this month. In a blog post, Coinbase stated that it will “immediately” begin accepting inbound dogecoin transfers to Coinbase Pro in…
Defi protocols generated more than $370 million in revenue during May Decentralized finance (Defi) protocols built on Ethereum produced all-time high revenues in May, according to data compiled by The Block. Taking the top spot for the month was Uniswap, reaching $153.9 million (41.4%) of the $371.6 million total monthly Defi protocol revenue. Sushiswap had…
