Tesla CEO Elon Musk has reversed course, saying the company will now accept cryptocurrency as payment, CNBC reported. “When there’s confirmation of reasonable (about 50 percent) clean energy usage by miners with positive future trend, Tesla will resume allowing bitcoin transactions,” Musk tweeted. In February,...
The Chinese police have arrested about 1,100 people on money laundering charges, CoinDesk reported, adding those arrested were allegedly using crypto to evade the law. China has been undergoing a national crackdown on money laundering activities related to telecom fraud, which has been dubbed “Operation...
Amazon is on the hunt for those with expertise in decentralized finance (DeFi), CoinDesk reported. “The candidate will have a track record delivering outstanding products at scale in emerging spaces, and is passionate about blockchain, distributed systems, and cloud scale software,” the ad stated. “Ideally...
Blood, Sweat and Tears had it right: What goes up, must come down. Bitcoin’s slide, ongoing as of this writing, must have stalwarts wistful, as the 800-pound gorilla in cryptos is down about 14 percent in just the last week alone. At its recent $32,000+,...
A recent bitcoin boom is attracting scammers, The Wall Street Journal (WSJ) reported, citing the Federal Trade Commission (FTC). The lack of regulation and the inherent anonymity have both played a part. There were around $82 million in losses to crypto scams reported by customers...
India’s central bank restated its hesitation when it comes to digital currency on the heels of informing financial institutions that they should set aside a 2018 ban on trading, Bloomberg reported on Friday (June 4). The Reserve Bank of India (RBI) recently told lenders not...
Square is considering building a hardware bitcoin wallet that would give users more control over their cryptocurrency, the company’s CEO said on Friday (June 4). According to CNBC, Square shares rose about 2.7 percent following Jack Dorsey’s remarks, which appeared on his Twitter feed. Square...
NortonLifeLock has debuted a way for customers to mine cryptocurrency with Norton Crypto, according to a press release. Some Norton 360 customers in an early adopter program have already been invited to mine for Ethereum. The release stated that the purpose of the program is...
Google in August will adjust its rules on cryptocurrency-related advertisements, first laid down in 2018, according to an update to its advertising policies page. Exchanges and wallets will be allowed to advertise their products, so long as they meet certain requirements and are approved by...
