Browsing Tag

bitcoin

IMF and El Salvador assess the region’s economy

The Government of El Salvador received a visit from the Executive Board of the International Monetary Fund (IMF) to evaluate the economy of the region. The meeting is held as part of the traditional visit that the IMF maintains with member…

Crypto ban in China poses a risk

Huang Yiping, a former member of the People's Bank of China's Monetary Policy Committee, said the current ban on cryptocurrency trading in China could result in long-term missed opportunities for the formal financial system, including…

Tesla posts loss on Bitcoin trades

Electric vehicle maker Tesla posted a gross impairment loss of $204 million on its Bitcoin holdings in 2022, according to a report filed with the US Securities and Exchange Commission (SEC). Despite recording a profit of 64 million from…

Bitcoin miners begin to show significant increases

The bitcoin mining community experienced a 50% increase in revenue in the first month of 2023 through mining rewards and transaction fees. The drop in bitcoin mining revenue in December 2022, coupled with a rise in energy prices, had put…

Tesla hasn’t moved its Bitcoin holdings

Tesla published its financial report for the fourth quarter of 2022, revealing that it had not bought or sold any Bitcoin. Elon Musk's electric car company first added the flagship cryptocurrency to its balance sheet in February 2021, when…

Binance has more than 100 million users

Through an official statement, the CEO of Binance Changpeng Zhao assured that the cryptocurrency exchange today has at least 120 million users from all over the world. On the other hand, Zhao spoke about how the season is going for digital…