Tesla has published its Q3 earnings, reporting a $51 million impairment charge on its Bitcoin holdings last quarter. Over the last year, Teslas CEO Elon Musk has been a vocal acolyte of crypto on Twitter. He regularly pumps Dogecoin, and on February 8 this year, Tesla announced it had invested exactly $1.5 billion in Bitcoin. In the lingo of accounting,…
Nonfungible token company Candy Digital has secured $100 million in funding to expand its product footprint and creative capabilities, marking another major milestone for the rapidly growing NFT market. The funding will be used to expand Candy Digital’s NFT product offerings across the global sports marketplace, including creating new fan experiences, the company announced Thursday. Candy’s existing partnerships include Major League…
Solana (SOL) rallied higher on Oct. 21 as traders shifted focus from Bitcoin (BTC) to the most promising altcoins.Notably, the price of SOL increased by more than 11% to over $196 a token, the highest level since Sept.11. Combined with the gains recorded in the previous 36 hours, SOL was up by as much as 26%. SOL/USD daily price chart. Source:…
A U.S. public pension fund has invested in bitcoin for the first time. The Houston Firefighters’ Relief and Retirement Fund acquired an undisclosed amount of BTC through institutional bitcoin services provider NYDIG. The investment “represents a watershed moment for bitcoin and its place in public pensions,” the global head of asset management at NYDIG said. The pension fund for Houston’s…
Bitcoin (BTC) briefly dipped below $63,000 later on Oct. 21 as a standard correction cooled the market.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin battles for new support at old peakData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came off all-time highs above $67,000 to hit lows of $62,860 on Bitstamp.The roughly 6% drop from its peak came as…
Funded by crypto heavyweights, new crypto unicorn Worldcoin revealed its plan to let everyone claim free coins to accelerate global crypto adoption.Providing the world population with free cryptocurrency sounds like a moonshot project, but $25 million in backing from Andreessen Horowitz, Coinbase Ventures, confirmation1, Blockchange and Day One Ventures, and a valuation of $1 billion adds some weight to the…
In brief Worldcoin is billed as a new global cryptocurrency. To get a free share, you have to show “the Orb” your eyes. The digital world runs on eyeballs. Nearly every website you visit competes for readers so they can monetize your attention via ads. And one of the main players in the Silicon Valley tech scene who has helped…
In brief Mojito, an NFT commerce suite developed by Serotonin, has raised $20 million in funding. The technology powers the new Sothebys Metaverse marketplace, and the auction house is among the investors. The NFT market isnt slowing down, as evidenced by $10.67 billion of trading volume in Q3 2021more than four times as much as the first half of the…
The odds of the United States Securities and Exchange Commission (SEC) approving a Bitcoin (BTC) exchange-traded fund (ETF) before a physical Bitcoin ETF are higher than ever, courtesy of Chairman Gary Gensler’s now oft-repeated preference for the former.But here’s the issue: an ETF built around crypto futures isn’t the most efficient, economical or easiest route. Physically backed products are. They’re…
Valkyrie’s Bitcoin (BTC) futures-based exchange-traded fund (ETF) is poised to follow the launch of ProShares’ Bitcoin Strategy ETF this Friday.Valkyrie Bitcoin Strategy ETF is finally effective and is set to start trading on Nasdaq under the ticker BTF on Oct. 22, Valkyrie confirmed to Cointelegraph on Thursday.The launch comes after the United States Securities and Exchange Commission, or SEC, granted a…
