Day: July 26, 2021

What Is ‘Stoner Cats,’ the NFT Series Starring Mila Kunis, Ashton Kutcher and… Vitalik?

There are all sorts of ways to watch TV these days. Cable, satellite, streaming service, YouTube. Hell, you can still get a fuzzy version of PBS if you twist a coat hanger into rabbit ears and stick it on your set. To that list we can add one more: NFTs, the blockchain-based tokens that act

Kaseya Denies Paying $70 Million Bitcoin Ransom

On July 2, IT software provider Kaseya was crippled by an attack attributed to Russia-based hacking group REvil. The ransomware compromised the software and removed the clients’ administrator access. REvil demanded $70 million in Bitcoin to restore normal operations. Last week, it announced it had received the decryptor key to undo the attack, which affected

Shopify Now Supports NFT Sales, Starting With Chicago Bulls

Shopify, a leading e-commerce platform that lets websites add storefronts and accept payments, has added support for NFTs, allowing store owners to sell the crypto crypto collectibles directly without relying on an external marketplace. Word of the NFT support comes from Shopify president Harley Finklestein, who tweeted about the news via his personal Twitter account

‘Epic’ Short Squeeze: Why the Price of Bitcoin Is Surging

The price of Bitcoin today surged past $40,000 for the first time since June. Why is this happening? Could it be Elon Musk and the anticipation of Tesla earnings, or whispers of Amazon warming up to Bitcoin ? That may all be playing some role, but the real driving factor is something a tad more

South Korea Proposes to Seize Crypto from Tax Evaders

The tax authorities in South Korea have introduced a bill to amend current tax codes and property seizure procedures to allow confiscation of crypto assets held in digital wallets, the finance ministry said on Monday. South Korea Targets Crypto Wallets South Korea moves for complete accountability of crypto earnings in nations finances. The South Korean

Coinbase: Bitcoin ETF Approval ‘Only a Matter of Time’

The cryptocurrency giant Coinbase has sounded a bullish note on the prospect of the Securities and Exchange Commission approving a Bitcoin ETF—a long-awaited development that is expected to increase overall demand for Bitcoin Bitcoin and likely provide a price pop. According to a forthcoming report for institutional investors seen by Decrypt, Coinbase believes there are

Amazon Says It Will Not Accept Bitcoin

E-commerce giant Amazon has denied a recent report published by British newspaper City A.M. about its plan to accept Bitcoin as early as this year. Ads Ads As reported by U.Today, the outlet cited “an insider” that had allegedly shed light on the cryptocurrency ambitions of the third-largest U.S. company. They included Amazon rolling out

Tesla Takes $23 Million Q2 Impairment From Bitcoin

Electric car maker Tesla today posted blowout quarterly earnings numbers, exceeding $1 billion in profits for the first time while producing and delivering more than 200,000 vehicles. But the company also revealed that Bitcoin put a slight drag on its earnings. In an earnings deck published after market close on Tuesday, the company noted a

Elon Musk's Bitcoin Bet Cost Tesla $23 Million

Bitcoin’s massive correction in Q2 made Tesla report a $23 million impairment loss on Monday. As previously explained by CNBC’s Katy Rooney, Tesla was expected to book the loss due to accounting rules: Ads Ads Tesla holds crypto as an ‘intangible asset,’ and because of accounting rules, when Bitcoin’s value drops below a certain amount,

Bitcoin Price Returns to $40,000

Nothing like an Elon Musk comment and an Amazon rumor to get cryptocurrency markets swirling again. The price of Bitcoin topped $40,000 today for the first time since mid-June. The token then dipped back below and currently sits at just shy of $39,700, according to data from CoinMarketCap. It’s the first time since June 15

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