Tesla CEO Elon Musk has hinted the company may sell – or have already sold – its bitcoin holdings in a Twitter exchange that triggered a sharp fall in the value of the cryptocurrency.After Twitter user @cryptowhale wrote: “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of…
In an announcement on Tuesday, Okung, 32, and Strike, a mobile payments company, said that the American Football player will be paid half of his $13m (£9.9m) salary in Bitcoin.The announcement came 19 months after Okung tweeted: “Pay me in Bitcoin.” On Tuesday, he quote tweeted his post and wrote: “Paid in Bitcoin.”Coindesk, which is…
A Florida man was charged by the US Securities and Exchange Commission with defrauding investors over cryptocurrency and an app he claimed could detect Covid-19.The SEC accused Aron Govil of misappropriating more than $7m in investor funds in his company, Cemtrex, between April 2016 and January 2018.Officials say that he used the money to finance…
Colonial Pipeline paid nearly $5m to ransomware group DarkSide following a cyberattack that forced the company to shut down its pipeline for six days, Bloomberg reports. Initial reports indicated that the Georgia-based company had no intention to pay the extortion fee while it attempted to restore full service to its operating system. But multiple sources…
A court battle over billions of dollars worth of the Bitcoin is set to begin on 1 November, but for some cryptocurrency fans the case's real draw is the potential answer to a years old question: Who is Satoshi Nakamoto? The case of Kleiman v Wright pits Australian computer scientist Craig Wright – who claims…
An emerging markets investor has derided the emergence of cryptocurrenciesas as a “religion”, and called for investors to return to trading in real currency.Speaking with CNBC’s Squawk Box on Wednesday, well-known investor Mark Mobius decried the rise in digital currencies, which reached all time highs before he went on air.Cryptocurrencies including Bitcoin, Solona and Ether…
The Trump family has said that “legal action will be taken” against a cryptocurrency using their name. Eric Trump made the threat on Monday afternoon, tweeting: “Fraud Alert: It has come to our attention that someone is promoting a crypto currency called “TrumpCoin” (Symbol “TRUMP.”) This has nothing to do with our family, we do…
For the first time in its history, Sotheby’s will accept cryptocurrencies for a rare pear-shaped diamond which is expected to fetch as much as $15m (£10.9m) at an auction next month.The announcement was made by Sotheby’s auction house on Monday as it said it would be the first time a diamond of such size has…
Melania Trump expressed her support for Bitcoin during the 13th anniversary of its launch, weeks after she launched her own non-fungible token (NFT) endeavour.In a tweet, Ms Trump noted that Bitcoin had surpassed $1 trillion (£742.3bn) in market value.“It is widely reported that Bitcoin’s market cap exceeds USD$1 Trillion. Today marks the 13th anniversary of…
After this week’s plunge in crypto prices, a number of US celebrities may regret getting paid in digital currencies.NFL star Aaron Rodgers, for example, has chosen to get paid partly in Bitcoin. Another football player, Odell Beckham, said he would receive his entire salary that way. And in politics, New York City’s new mayor, Eric…