In brief An Ethereum Name Service (ENS) domain sold for over $150,000 worth of ETH today in an apparent joke gone wrong. The buyer, who had previously been the seller, said that he forgot to cancel his own 100 ETH “joke” bid on the NFT. Ethereum Name Service (ENS) names—effectively, domain names that point to crypto wallet addresses—are gaining value…
BTC’s march toward $24,000 took a brief pause after media headlines announced that Tesla had sold 75% of its Bitcoin position. Source: https://cointelegraph.com/news/bitcoin-price-dips-under-23k-after-earnings-report-reveals-tesla-sold-75-of-its-btc
The Federal Bureau of Investigation (FBI) has issued a warning about fake cryptocurrency apps defrauding investors. “The FBI has identified 244 victims and estimates the approximate loss associated with this activity to be $42.7 million,” said the U.S. law enforcement agency. FBI’s Crypto App Warning The cyber division of the Federal Bureau of Investigation (FBI) issued a notice Monday warning…
Today, it was announced in a Q2 update by Tesla that the electric car manufacturer had sold 75% of its bitcoin holdings. “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency,” the update stated. “Conversions in Q2 added $936M of cash to our balance sheet.” Tesla held around a total of…
Department heads at Coinbase have weighed in on the market downturn amid solvency concerns around Three Arrows Capital, crypto lending firm Celsius, and Voyager Digital, saying the crypto exchange had “no financing exposure” to the companies. In a Wednesday blog post, Head of Coinbase Institutional Brett Tejpaul, Head of Prime Finance Matt Boyd, and Head of Credit and Market Risk…
With the transition to a scalable, energy light proof-of-stake blockchain (dubbed “the Merge”) at play for Ethereum, many have cast doubts on the popular coin’s future given the magnitude and complexity of the upgrade involved. But among prominent stakeholders, one particular project remains heavily bullish on Ethereum’s future, which is non-other than layer-two scaling solution Polygon. At the annual Ethereum…
Bitcoin (BTC) briefly extended its recovery above $24,000 and the altcoins continued to make smart gains on July 20, but the bullish momentum of the week experienced a brief setback after Tesla’s earnings report showed the company had sold 75% of its BTC position. Although, the sharp breakout of this week is a positive sign, analysts were quick to point…
On Wednesday, Minecraft’s developer Mojang Studios said that it would be excluding the integration of nonfungible tokens, or NFTs, alongside blockchain technology as a whole, in its popular namesake game. In explaining the decision, Mojang wrote: “Like any digital file, NFTs can be copied, moved, or even deleted. Additionally, NFTs and blockchain have also been associated with price speculation. These…
Tesla sold 75% of its Bitcoin, worth approximately $936 million, according to its Q2 earnings report. In its after-market earnings announcement, the electric car manufacturer founded by Elon Musk said in a shareholder presentation that “Bitcoin impairment” had a negative impact on its profitability during the second quarter, when it posted $2.5 billion in operating income. The crypto market immediately reacted…
Elon Musk’s electric vehicle maker has offloaded most of its BTC reserves, according to financial statements released on Wednesday. Source: https://cointelegraph.com/news/breaking-tesla-sold-75-of-bitcoin-holdings-in-q2
