Wednesday’s earnings report was a bust for Tesla. The company reported a huge loss of $702 million and missed revenue expectations. In the conference call that followed, forlorn Tesla boss Elon Musk mused about taking Tesla private again: “I would prefer we were private, but unfortunately I think the ship, that ship, has sailed.” Elon Musk desperately wants to pull Tesla off the stock market and return it to private investors. And he’s right. Going private is exactly what Tesla Read more …
Cryptocurrency lender Genesis processed $425 million in loans over the first quarter of 2019, according to a report released on April 25. The company’s Q1 Digital Asset Lending Snapshot revealed bitcoin (BTC) continues to dominate demand, comprising 68% of its loan portfolio. Lending in ether (ETH) almost halved to 3.6% compared with the last quarter, and XRP also slightly declined to 6.7%. Genesis, which began to offer USD lending as a pilot scheme towards the end of 2018, said demand Read more …
Cryptocurrencies have become the enterprising cybercriminal’s best friend, offering easy conduits for moving money. From white collar scams to drug deals, crypto-related crime is rising. According to Jonathan Levin, the co-founder of blockchain startup Chainalysis, at least 95 percent of crypto-related crimes investigated by authorities involved Bitcoin. Levin, whose company monitors transactions and follow the money of nefarious types on the blockchain for government agencies such as the FBI, said that Bitcoin (BTC) is still well-entrenched as the preferred payment Read more …
United Kingdom-based cryptocurrency payment processor Wirex partnered with Stellar (XLM), the company announced in a press release on their website on April 24. Wirex is a company licensed by the U.K. Financial Conduct Authority (FCA) that allows crypto users to spend their cryptocurrencies with a dedicated Visa card, with a new total of nine digital token offerings. Per the announcement, users will now be able to also deposit and spend their XLM tokens through the service. Wirex has also announced Read more …
A crypto exchange has unveiled its new market maker program, with incentives for participants in the form of lower trading fees and reduced transaction costs. OKEx — which, according to CoinMarketCap, is the world’s biggest exchange by trading volume at the time of writing — says the program is open to users who have completed the necessary Know Your Customer (KYC) verification procedures and have total assets exceeding 20 bitcoin or the equivalent in their account. The company says these Read more …
The non-profit entity behind ethereum’s hottest decentralized startup is wracked with infighting, a legal letter obtained by CoinDesk reveals. The letter, dated April 1, is from an attorney representing five board members of the Cayman Islands-based MakerDAO Ecosystem Growth Foundation (MEGF) who say they were pressured to resign by CEO Rune Christensen in late March. The MakerDAO Foundation controls roughly 30 percent of all the MKR tokens in existence and its nine-person board is tasked with overseeing funds related to Read more …
Nike has filed a trademark and service mark application with the United States Patent and Trademark Office for protection over the brand ‘Cryptokicks.’ The document reveals the company’s intention to launch its own cryptocurrency and associated services. Nike Intends to Launch Own Cryptocurrency Nike Inc., one of the leading and most popular manufacturers of shoes in the entire world, has filed a trademark and service application seeking protection over the “Cryptokicks” brand on April 19th. The document’s filing basis falls Read more …
By CCN.com: Binance Coin (BNB) is the best performing crypto asset in the global market with the exception of cryptocurrencies that launched in 2019. According to OnChainFX, BNB was the only crypto asset to achieve an all-time high this year since 2017 and it is down about 9 percent from its record high. Binance coin is down only 9 percent from its all-time high. | Source: coinmarketcap.com In contrast, bitcoin, which has performed relatively well throughout the past year, is Read more …
On April 23, the security consulting firm Independent Security Evaluators (ISE) published a document concerning a number of unsound public and private key pairs tied to the Ethereum blockchain. The probability of chance needed to crack 256-bit encryption would take years for hackers to access random private keys. However, ISE recently queried 49,060 ETH transactions which found 732 “weak” public keys, essentially revealing the corresponding private keys. Also read: Bitcoin Cash Markets and Network Gather Strong Momentum in Q1 732 Read more …
Moscow and three other Russian regions will legally pilot the use of cryptocurrencies and blockchain technology, local media outlet Izvestia reports on April 24. The Russian Ministry of Economic Development is reportedly planning to test now-unregulated emerging technologies such as blockchain and crypto, as well as augmented and virtual reality, quantum tech, artificial intelligence and robotics. As Izvestia wrote, the currently unregulated technologies are planned to be tested as an experiment in Moscow, the Kaliningrad and Kaluga Oblasts, and Perm Read more …
American rapper Lil Pump has started accepting bitcoin (BTC) payments through his merchandise store Unhappy, according to his website. Fans of the 18-year-old, known for his catchphrase “Esskeetit” and his most recent album Harverd Dropout, can select crypto as a payment option at the checkout. The rapper has 17.8 million followers on Instagram, 1.2 million followers on Twitter and 2.3 million likes on Facebook. Shoppers can either choose to pay off-chain using a BTC Lightning Network wallet or on-chain through a Read more …
By CCN: The Dow crashed toward a brutal pullback on Thursday after the index’s third-largest stock cratered following another bout of earnings mayhem. Meanwhile, the US presidential contest is heating up, with Joe Biden vowing to “save the world” from Donald Trump, and the president nakedly mocking the ex-VP’s intelligence. Dow Gets Pummeled as Third-Largest Stock Drops Brutal Earnings Shock The Dow Jones Industrial Average collapsed at the bell, and the carnage only worsed in the minutes that followed. By Read more …