Cryptocurrency lending platform Celsius Network has paused withdrawals, swaps, and transfers between accounts, citing “extreme market conditions.” The company said in a blog post that the move was necessary to “stabilize liquidity and operations.” “We are taking this action today to preserve and protect assets… Read More »Celsius Network Stops Withdrawals: What You Need to Know
Tesla CEO Elon Musk announced on May 12, 2021 that the company would stop accepting Bitcoin payments for its vehicles due to environmental concerns. Musk said that the high energy consumption of Bitcoin mining is “not sustainable” and that Tesla is “concerned about the rapidly… Read More »Tesla will no longer accept Bitcoin over climate concerns
El Salvador’s Bitcoin Law Faces Legal Challenge A group of Salvadoran citizens have filed a lawsuit challenging the constitutionality of the country’s Bitcoin Law. This law was passed in June 2021. The lawsuit alleges that the law violates the country’s constitution by creating a parallel… Read More »El Salvador’s Bitcoin Law Faces Legal Challenge