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Tesla released its Q2 earnings report, do you think they would sell all their Bitcoin holdings? Included in the report was the following statement. “As of the end of Q2, we have converted approximately 75% of our bitcoin purchases into fiat currency. Conversion in Q2 added $936M of cash to our balance sheet.” Tesla’s net digital assets were $218 million in the second quarter, down from $1.26 billion in the previous quarter. In addition,[…]
Atomyze and Rosbank are working on issuing a digital token for palladium. The holders of this future digital token will have rights to a monetary claim equal to the metal’s market value. Palladium is not a public asset on the Russian market. However, the agency noted that it is viewed as a promising investment. What is palladium? Palladium is used as a platinum substitute in jewelry, and global demand for platinoids is increasing. In[…]
The top crypto assets performance today, the 19th of July. The crypto market was in an upward trend and continued this way over the past 24 hours. Bitcoin reclaimed some value and stood at $22,000, and Ethereum went up past the $1530 mark. The market cap of the global crypto market has increased by 1.76%. It now stands at $1.02 trillion, according to info from CoinMarketCap. In addition, the global market volume has gone[…]
The U.S. and U.K. are looking to deepen ties regarding crypto regulation. The chief executive of the U.K.’s Financial Conduct Authority, Nikhil Rathi, has clarified the FCA’s goals for crypto regulation. Nikhil said, “One area of global focus is crypto, both opportunities, and risks. Currently, our remit is limited to anti-money laundering rules for platforms. We have applied those strict rules as we would to any other firm that wants to operate in the[…]
Every investor has talked about the crypto winter downturn at some point or another. As we are all familiar with, the crypto market has suffered a significant downturn this year. Losing almost $2 trillion of its worth. In November, bitcoin was at its all-time high of $69,000, now off 70%. This fall has resulted in what we call the “crypto winter.” There have been other occurrences of the crypto winter in 2017 and 2018.[…]
Many experts have tried to publicize their bitcoin prediction. Finder.com says bitcoin will drop to $13.676 per unit by this year. This forecast comes from 53 fintech specialists. The specialists also believe that bitcoin will end the year at $23,473 per coin. This bitcoin prediction is similar to the 80% drop theory. BTC has lost more than 80% of its all-time high during the bear market. It dropped 72% lower than its high of[…]
Along with the decrease of value in bitcoin and Ethereum, the metaverse token also drops. In the past twenty-four hours, many metaverse tokens have experienced a significant drop in value. The Enjin coin dropped 7.33% in a day. The Enjin Coin is the original coin from the Enjin platform; traders acquire it through games and use it to buy goods. According to CoinMarketCap info, the Enjin coin has gone up 2.5% in a week[…]
Kevin O’Leary warns of a crypto panic event that is yet to come. O’Leary is a shark tank star; he shares his views in an interview on Meet Kevin’s YouTube channel. During the interview, he answers about the state of Bitcoin. Whether the $13K that people believe its reaching, is true or not? O’Leary responded, “It’s impossible to know where the bottom is. I don’t believe we’ve seen the bottom yet, and I have[…]
Elon Musk’s The Boring Company is beginning to accept dogecoin for rides on the Las Vegas transit Loop. Musk has shared some words about the Boring Company. The Boring Company’s goal ‘is to solve traffic, which plagues every major city on Earth.” The company has come up with a project that is essentially “Tesla’s in Tunnels” but is known as Loop. Loop is “an express public transportation system that resembles an underground highway more[…]
The last twenty-four hours have been good for the crypto market as the prices have only gone up. The market cap has increased to $914 billion, an increase of 5.59 percent over one day. Bitcoin is trading above $20,000. The global market value has gone up 51 percent to $57.59 billion. DeFi’s 24-hour volume was $5.4 billion, or 9.38% of the overall volume of the crypto market. The overall volume of stablecoins was $52.27[…]