bitcoin

Bitcoin hit a 13-month high on Thursday, rising by as much as 3.28% to $31,500. The jump in the world's largest cryptocurrency comes amid reports that fund managers are looking to create a U.S.-listed spot bitcoin exchange-traded fund, or…

Peer-to-peer Bitcoin platform, Paxful, with 1.5m users in Nigeria, has announced that it is shutting down its operations. This was disclosed by co-founder and Chief Executive Officer, Ray Youssef, in a blog post on He said, “Today,…

Bitcoin hit a three-week high on Wednesday, while Ethereum reached its highest level since the merge as growing expectations of dovish signals from the Federal Reserve weakened the dollar. Bitcoin rose 4.6% to $20,201, trading above the…

Tesla announced it recorded $170 million of impairment losses on its Bitcoin investment. This loss relates to the first nine months of this year. Tesla also reported gains of $64 million “on certain conversions of bitcoin into fiat…

Tesla's Bitcoin holdings remain unchanged from the second quarter of 2022, according to documents released by the electric car manufacturer ahead of its third-quarter investor relations call. In Tesla's report released to the public on…

Bitcoin has undergone a roller coaster of developments in the past week, largely due to correction after the U.S. announced its inflation numbers for September. However, despite the brief, sharp fluctuations, it appears that the leading…

According to Wall Street Journal, the Financial Accounting Standards Board (FASB) recommended that businesses use fair-value accounting to determine the value of bitcoin and other digital assets. Previously, as there were no precise…

The amount of computing power dedicated to Bitcoin mining surged to a record as more companies made use of the energy and data center space freed up after the upgrade of the Ethereum network, likely further compressing profit margins.…

Bitcoin and the broader cryptocurrency marketplace climbed upper in buying and selling on Tuesday after experiencing a turbulent month of October thus far, with BTC posting its largest two-day building up in virtually a month. As issues…

Multinational fast food joint, McDonald’s has reportedly begun to accept Bitcoin and asset-backed stablecoin, Tether as payment in the Swiss town of Lugano as part of an ongoing crypto-friendly experiment in the Italian province in…