Nexon has announced the purchase of 1,717 bitcoin (BTC) worth roughly $100 million (11.1 billion yuan) at an average price of $58,226. The firm says the move is in a bid to protect shareholder value while also hedging against inflation, according to a press release on April 27, 2021. Nexon Adds Bitcoin to its Balance Sheet  Despite the unpredictable nature […]

The last week has been an interesting one in the Turkish crypto space. Two of the biggest exchanges in the country, Vebitcoin, and Thodex shut down following allegations of mismanagement and a change in the current financial landscape. Many Turkish nationals who had been turning to cryptocurrency after the Lira, Turkey’s native currency, saw a decline in value.  In response […]

After Tesla reported its Q1 2021 Financial Results yesterday (April 26), many in the crypto community were shocked to hear Tesla had sold 10% of its recently acquired Bitcoin. Later, the Tesla CFO and the Tesla CEO made some clarifying remarks. On February 8, the world discovered from Tesla’s latest annual report (Form 10-K), which had been filed with the […]

As of publication, Bitcoin is valued at $49,548, more under its $64k all-time high. The mild bear trend had done little to dissuade analysts from postulating bullish think pieces on the future of Bitcoin. The general consensus among industry players, which is backed by many fundamental metrics, is that Bitcoin will at least close the year at $100,000, with a […]

Venezuela’s leading aviation academy, Caracas Air, is now accepting BTC payments, as announced by CEO Oliver Laufer on Twitter. However, there’s a catch, those opting for this new payment method will receive discounts. Road to Success The company started in 2015 as Laufer’s idea, a Miami Dade College graduate, and worked with his brother to see its success. They sold […]

After winning the November 2020 presidential election, pundits were optimistic that President Joe Biden would cause a wave of much-needed regulations and reshape the crypto industry.  However, in a two-part Twitter thread on April 24, veteran trader and chart guru Peter Brandt has voiced concerns that the Biden administration may have undesirable effects on the firstborn cryptocurrency. Brandt shared the […]

Historically speaking, one key objection to bitcoin has been its perceived massive energy consumption. Some people have suggested that the flagship cryptocurrency is causing an environmental disaster due to its proof-of-work consensus algorithm. The ecological concerns about bitcoin have driven developers to create alternative algorithms like Federated Consensus and Proof-of-Stake — which will be adopted by ethereum, to some extent, […]