Coinbase will shut down the Borrow program for retail customers that enabled them to obtain cash loans using bitcoin as collateral, The Block reported. According to The Block, in May, Coinbase said customers would no longer be able to take…
El Salvador has become the first country to adopt bitcoin as legal tender, CNBC reported. Lawmakers in El Salvador’s Congress voted by a “supermajority” in favor of the Bitcoin Law. It got 62 out of 84 of the legislature’s vote.…
The U.S. Department of Justice announced that it seized 63.7 bitcoins currently valued at approximately $2.3 million. According to the Department of Justice, “these funds allegedly represent the proceeds of a May 8, ransom payment to individuals in a group…
In March of 2021, Elon Musk announced on Twitter that people could buy a Tesla with Bitcoin. Yesterday, Elon Musk changed his mind about that. Elon Musk tweeted “Tesla & Bitcoin”, and included a screenshot of a statement: Tesla has…
Elon Musk, the “Technoking of Tesla”, used Twitter to post some information that people who love cryptocurrency will probably enjoy. His tweet said: “You can now buy a Tesla with Bitcoin.” In a second tweet wrote: “Pay by Bitcoin capability…
Jack Dorsey and Jay Z have created an endowment to fund bitcoin development initially in Africa and India, TechCrunch reported. Jack Dorsey is the CEO of Twitter and Square, and Jay-Z is a rapper. TechCrunch also reported that the two…
The Department of Justice has arrested a man who allegedly was running a bitcoin mixing service on the dark web that helped criminals launder bitcoin transactions. ZDNet reported that this was the first case the Department of Justice brought against…