Tesla’s third-quarter balance sheet shows that the electric car company is still holding $218 million in bitcoin. CEO Elon Musk claims that Tesla could be worth more than Apple and Saudi Aramco combined. The executive is also “excited” about acquiring Twitter. Tesla Still Holds $218 Million in Bitcoin Tesla Inc. (Nasdaq: TSLA) released its third-quarter earnings results Wednesday. The company’s…
Month: October 2022
Plaid Takes Wades Into Web3 With MetaMask, Coinbase, Ledger Wallet Onboard
Fintech giant Plaid is releasing its first crypto-native product called “Wallet Onboard” today. Marketed for developers, Plaid’s new crypto wallet interface will enable Web3 builders to easily access over 300 wallets, including MetaMask, Ledger, Coinbase Wallet, and Trust Wallet. Plaid is most famous in traditional finance for Plaid Link—a banking Application Programming Interface (API) that acts as a client-side intermediary…
Can NFTs democratize scheduled programming of TV in the Web3 era
Nonfungible tokens (NFTs) leave almost no part of the physical world untouched. From museums and major fashion brands like Gucci adopting the technology to digital items to musicians breaking archaic song rights distribution methods. Now even television, or in a streaming era – scheduled programming, is taking on NFTs as a means of crowdfunding programs. NFTV is streaming crypto-themed content…
BTC Back Above $19,000 as Volatility in Crypto Markets Intensifies – Market Updates Bitcoin News
Bitcoin snapped a two-day losing streak on Thursday, as prices of the cryptocurrency rebounded at a key point of support. The current price uncertainty in markets comes as global inflation continues to hover close to historical highs. Ethereum was also back in the green in today’s session. Bitcoin Following two days of consecutive declines, bitcoin (BTC) rose higher in today’s…
Institutional crypto adoption requires robust analytics for money laundering
Institutions have begun to take crypto seriously and have entered the space in numerous ways. As noted in a previous analysis, this has resulted in banks and fintechs looking at custody products and services for their clients. However, as custodians of clients’ assets, banks must also ensure they are clean assets and stay compliant. This is where on-chain analytics solutions…
Solana Web3 Phone ‘One of the Moonshots’: Anatoly Yakovenko
Solana Labs co-founder Anatoly Yakovenko took the stage last night at Disrupt, TechCrunch’s annual global startup conference, and hinted that Solana’s new smartphone Saga will offer a fresh alternative to the current business models used by companies like Google and Apple. “This is one of the moonshots,” he said, describing the Saga as an experiment that’s “cheap enough to try.”…
Will museums of the future just be giant NFT galleries?
Museums, individuals and metaverse initiatives have used nonfungible tokens (NFTs) as a new means for reinventing themselves before their fans. The family of Frida Kahlo unveiled never-before-seen art and personal artifacts of the artist at an exclusive event in Decentraland for its art week in August. In Belgium, the Royal Museum of Fine Arts Antwerp became the first European museum to tokenize…
German Crypto Bank Nuri Asks Clients to Withdraw Funds as It Goes Out of Business – Bitcoin News
Digital asset platform Nuri has told customers to withdraw their funds in the next two months, after taking a hit from the crypto winter. Formerly known as Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to find a buyer. Nuri to Maintain Trading Until Last Day of November, Prepares to Close Down Crypto bank and…
FTX Recovery Plan Could Reimburse 72% of Voyager Users’ Funds
Following a successful bid to acquire the remaining assets of the bankrupt crypto broker Voyager, crypto exchange FTX.US is offering a recovery plan that would see Voyager customers recover about 72% of their funds recovered, according to a Bloomberg report. The deal, however, can’t be completed until U.S. Bankruptcy Judge Michael E. Wiles approves Voyager’s bankruptcy payout plan, which reportedly…
Mobile bank N26 launches cryptocurrency trading with Bitpanda partnership
The $9 billion-valuated German fintech N26 launched crypto trading on its mobile app. Starting from Austria and rolling out to other countries in the upcoming months, N26 Crypto will let its customers buy and sell 200 cryptocurrencies, including Bitcoin (BTC) and Ether (ETH). The Berlin-based fintech announced on Oct. 20 that the launch in Austria addresses “strong local demand,” with 40%…