It came after the electric car company bought $1.5b (£1.06b) of Bitcoin shares, which in turn sent the market price of both the crypto and Tesla soaring.
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Since crypto is a relatively new industry compared with others, legal clarity does not yet exist in terms of requirements for all areas of the space. Part of such clarity includes asset classification. Bitcoin and Ether are viewed as commodities, although categorization for numerous other assets remains unclear.
BEIJING (AP) — China’s central bank on Friday declared all transactions involving Bitcoin and other virtual currencies illegal, stepping up a campaign to block use of unofficial digital money.
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Brian Brooks, former Binance.US CEO and Comptroller of the Currency, has been appointed CEO of BitFury, a Bitcoin mining and crypto company.
CHARLOTTE, N.C. (AP) — Landon Cassill will be the first NASCAR driver paid entirely in cryptocurrency in a sponsorship deal with Voyager that begins at Nashville Superspeedway this weekend.
Friday’s notice complained Bitcoin, Ethereum and other digital currencies disrupt the financial system and are used in money-laundering and other crimes.
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Learn what crypto day trading is and how to participate in three steps: Select a platform, evaluate your investment options, and pick a trading strategy.
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This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Binance US names Ant exec Shroder president 10 September 2021 The US arm of Binance has appointed former Ant Group and Uber executive Brian Shroder president, replacing Brian Brooks who quit suddenly in August after just four months in the job.
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Additionally, there are a few ways in which customers can reduce the amount of fees they pay. If customers choose to pay trading fees with Binance’s native token, BNB, the fees will be reduced by 25%. The second way in which fees can be reduced is by referring friends to Binance. If a user pays fees with BNB and refers a friend, the most they will end up paying in trading fees is 0.06% for each trade. That is one of the best deals in all of crypto.
Ripple is also more easily converted than other cryptocurrencies with an in-house currency exchange that can convert Ripple units into U.S. dollars, yen, euros, and other common currencies.
Shares of Tellurian (NASDAQ: TELL) tumbled more than 15% by 2:30 p.m. EST on Wednesday. Weighing on the liquified natural gas (LNG) stock was news that it closed a debt offering. Tellurian closed its previously announced public offering of senior notes.