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Tesla Takes $51M Impairment Charge for Bitcoin Holdings in Third Quarter

Electric car maker Tesla (TSLA) took an impairment charge of $51 million in the third quarter to account for its bitcoin holdings.Elon Musk’s electric vehicle company reported no new sales or purchases of digital assets, according to its 3Q earnings presentation. The company currently holds $1.26 billion in bitcoin.Bitcoin gained

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Ethereum Developer Virgil Griffith Pleads Guilty to Conspiracy Charge in North Korea Sanctions Case — CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies

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Ethereum is About to Post a Massively Bullish Signal as Bulls Take Charge

Ethereum has seen some immense strength in the time following its capitulatory plunge towards $1,000 The cryptocurrency’s V-shaped recovery has allowed it to gain serious ground against Bitcoin, even posting a massive breakout against the benchmark crypto Where it trends next will undoubtedly depend largely on whether or not bulls can maintain

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Ethereum researcher Virgil Griffith files motion to dismiss North Korea conspiracy charge

Virgil Griffith, the former Ethereum Foundation researcher accused of conspiring to violate U.S. sanctions against the Democratic People's Republic of Korea, filed a motion on Thursday to dismiss the charge against him on the grounds that prosecutors from the Southern District of New York have failed to properly state Griffith’s

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Ken Kurson, Trump Family Friend and Ripple Board Member, Arrested on Cyberstalking Charge: Report

Ken Kurson, a board member of payments firm Ripple and the co-founder of cryptocurrency website Modern Consensus, was arrested Friday and charged with cyberstalking in connection with his divorce, the New York Times reported. Kurson, who is a close friend of President Donald Trump’s son-in-law, Jared Kushner, is accused of sending

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