Cryptocurrency exchange Binance Holdings is now under investigation by the Department of Justice (DOJ) and the IRS as they try to make some order out of a mostly unregulated market, Bloomberg reported. Binance has mostly avoided regulation, much the same as the general industry it...
Bitcoin tumbled some 15 percent on news that Elon Musk will no longer take the cryptocurrency for Tesla payments due to environmental concerns, CNBC and other news outlets reported. The entire cryptocurrency market lost more than $365 billion after the Tesla CEO tweeted that the...
Tesla no longer will accept Bitcoin payments for cars, company founder and cryptocurrency cheerleader Elon Musk announced on Twitter Monday (May 12). Bitcoin’s value on the Coinbase exchange fell sharply in the immediate aftermath of Musk’s tweet, dropping to $46,033 per Bitcoin from $54,605 in...
Brex, which provides financial services to businesses, now lets its customers redeem their Brex reward points for Bitcoin and Ethereum, according to a press release. The program is powered by TravelBank. With the Brex rewards program, which launched in 2018, businesses can earn up to...
Circle has named Jeremy Fox-Geen, a tech veteran, as its new chief financial officer (CFO), according to a press release. Fox-Geen will be in charge of the company’s finance and treasury organizations, and he will work with the company on scaling out globally, the release...
Cryptocurrency Ethereum surged past $4,000 on Monday (May 10), CNBC reported. The coin, which is the world’s second largest after bitcoin, was at its all-time high of $4,196.63 at 12:15 p.m. Eastern time, according to the report. The total market value of the coin has...
SpaceX, the company helmed by Elon Musk, is launching its “DOGE-1 Mission to the Moon” campaign, which “will obtain lunar-spatial intelligence from sensors and cameras on board with integrated communications and computational systems” and fly to the actual moon, CNBC writes. CNBC reports that the...
Resorts World Las Vegas and cryptocurrency exchange Gemini are now working together to “explore future opportunities” for casino patrons to pay for items using cryptocurrency, according to a press release. With the partnership, Resorts World is looking to become more crypto-friendly. The companies will be...
Financial services and investment manager Galaxy Digital has agreed to acquire BitGo, which works in digital asset infrastructure, according to a press release. With the acquisition, Galaxy Digital will be positioned as a global full-service platform for institutions looking to access the cryptocurrency economy, the...