Jasmine Telecom Systems, a publicly-listed unit of Thai telecoms operator Jasmine International, is set to ride the Bitcoin mining wave, with plans to install tens of thousands of mining machines over the next few years. Fast facts JTS is kicking off plans to deploy 500 mining machines in a data center in the third quarter…
Electric carmaker Tesla on Monday reported that it held US$1.3 billion of Bitcoin, according to the company’s Q2 2021 financial results update. Fast facts There was no change to Tesla’s Bitcoin holdings from the previous quarter, but the company took a Bitcoin-related impairment hit of US$23 million due to the fall in Bitcoin prices, according…
Amazon is quickly putting to rest rumors the online retail giant plans to offer crypto payment services for its customers, as reported by British newspaper CityAM, which claimed to have spoken to a company insider. Fast facts To shoot down the rumors and conjecture, an Amazon spokesperson told Coindesk.com on Monday: “Notwithstanding our interest in…
For the third consecutive week, digital asset investment products last week saw outflows — this time, to the tune of US$28 million, according to CoinShares, Europe’s largest digital assets fund manager. Bitcoin saw the majority of outflows, but multi-asset investment products remained positive with inflows of US$3.1 million. Fast facts Bitcoin investment products saw US$24…
Led by traders in Asia, Bitcoin saw its biggest one-day gain in over a month amid speculation that Amazon is getting into crypto.
Despite Ethereum being the blockchain of choice for smart-contract capabilities, there has been a recent push to bring decentralized finance to the Bitcoin network. Fast facts One such project looking to do so is layer-one protocol Stacks (STX), whose introduction of its programming language Clarity has allowed the development of smart contracts on the Bitcoin…
Demonstrators have gathered outside El Salvador’s National Assembly to protest President Nayib Bukele’s controversial bill to establish Bitcoin as official legal tender in the Central American nation, Decrypt reports. Fast facts Activists gathered despite a three-month ban on protests in the country, which was ostensibly put in place as a Covid-19 preventative measure. Despite the…
Tesla CEO Elon Musk said while Bitcoin mining is steadily becoming more environmentally friendly through the use of renewable energy, he is not yet sure that it’s enough for Tesla to resume accepting the cryptocurrency as payment for purchases. Fast facts Speaking at the virtual Bitcoin event “The ₿ Word” with fellow panelists Twitter CEO…
As Bitcoin’s carbon footprint continues to make ESG investors uneasy, a new clean-energy crypto mining ETF aims to allay their environmental concerns.
The cryptocurrency market remains quiet, with net inflows of just US$2.9 million last week, according to digital asset investment firm CoinShares’ weekly digital asset fund flows report. Fast facts “The summer doldrums are here, but in line with seasonal expectations,” wrote James Butterfill, a CoinShares’ investment strategist. Bitcoin investment products saw net outflows of US$10.4…