Day: October 23, 2024

Tesla Moves All Its Bitcoin in Major Wallet Rotation

Tesla, the electric car company led by Elon Musk, recently moved all of its Bitcoin (BTC) holdings in a series of significant transactions. But blockchain intelligence firm Arkham Intelligence reports that the coins were likely shifted to new wallets controlled by the company. Tesla, one of the largest publicly-traded companies to invest in Bitcoin, had […]

Bitcoin Mining Difficulty Hits All-Time High Amid Surging Hashrate

Bitcoin (BTC) mining difficulty has reached a new all-time high of 95.67 terahashes (T). Marking a 3.9% increase as of Tuesday, according to data from Glassnode. This milestone underscores the growing challenges for miners as the difficulty of mining new blocks on the Bitcoin network continues to rise. Rising Difficulty in 2024 The Bitcoin network […]

Blockchain.com Faces Legal Action Over Missing Financial Filings

Blockchain.com, a pioneering crypto firm, is facing legal action for failing to file its financial accounts since 2020, with the last set of accounts only submitted this month. The case was heard on September 25 in the Cardiff Magistrates Court, and the company is due to appear for a further hearing on November 25. The […]

Nigerian Court Drops Charges, Frees Binance Executive

A Nigerian court has dropped charges and authorized the release of Tigran Gambaryan. A Binance executive who had been detained in the country since February. Gambaryan, the former head of financial crime compliance at Binance and an ex-IRS agent, was held for over eight months after traveling to Nigeria to negotiate the ban of several […]