Tesla

Top blockchain and crypto news: SBF’s Voyager rescue deal spurned. Tesla pulls U-turn with BTC sale. Tencent cuts local NFT staff as it looks abroad.

Tesla’s announcement to convert bulk of its Bitcoin holdings to fiat currency has opened a Pandora’s box for accountants, a Bloomberg report said.  See related article: Bitcoin falls as Tesla announces it sold 75% of BTC holdings Fast facts Based on Tesla’s letter to shareholders, the sale of Bitcoin added US$936 million in cash to […]

Bitcoin drops after Tesla sells 75% of its bitcoin holdings. Meanwhile, South Korean authorities raid 15 companies as part of their Terra Luna investigations.

Bitcoin fell 5% on Thursday morning in Asia — after briefly moving above US$24,000 overnight — as Tesla Inc. said it had sold 75% of its Bitcoin holdings. The cryptocurrency was at US$22,767 in midday trading, per CoinMarketCap. See related article: Ethereum price breaks US$1,600, Ethereum Classic surges 22% Fast facts In a shareholder letter […]

Bitcoin has continued to outperform traditional investment vehicles with the digital asset leading over major tech stocks in the last 30 days, according to Finbold. Fast facts Bitcoin outperformed the top six tech stocks by an average return on investment (ROI) of 12.24% as of Feb. 13. Bitcoin significantly outpaced Meta by 46.74%, followed by […]

Dogecoin rallied 31% when Elon Musk tweeted that Tesla will accept it for payment of “merch.”

Top blockchain and crypto news: Is Tesla’s turbocharge a boost for Bitcoin? Mastercard’s Bakkt with a new crypto deal. Chinese NFTs on knife-edge.

Electric carmaker Tesla Motors, Inc. (TSLA) on Wednesday reported that its third-quarter revenue surged 57% to US$13.76 billion from US$8.77 billion last year, and a net income of US$1.62 billion for the quarter. However, the company’s digital assets were hit by a Bitcoin-related impairment of US$51 million, down to US$1.26 billion in digital assets from […]

Following a few years of inactivity, the Dogecoin Foundation is being reestablished with Ethereum co-founder Vitalik Buterin serving as the organization’s “blockchain and crypto adviser,” according to an announcement posted Tuesday on the foundation’s website. Fast facts Originally founded in 2014, the non-profit organization aims to support the Dogecoin ecosystem and community with a particular […]

Electric carmaker Tesla on Monday reported that it held US$1.3 billion of Bitcoin, according to the company’s Q2 2021 financial results update. Fast facts There was no change to Tesla’s Bitcoin holdings from the previous quarter, but the company took a Bitcoin-related impairment hit of US$23 million due to the fall in Bitcoin prices, according […]

Swiss-based Digital Assets AG, a firm focused on the design of tokenized stock infrastructure, has launched over 50 tokenized stocks on the Solana public blockchain.

Bitcoin has rallied to nearly US$40,000, boosted by tweets from Tesla founder Elon Musk and MicroStrategy CEO Michael Saylor announcing that they have met with North American miners of the cryptocurrency to promote a renewable energy initiative.

A group of cryptocurrency developers has launched a new coin named $STOPELON, aiming to limit Elon Musk’s influence over the cryptocurrency market.

Tesla founder Elon Musk has lost his position as the world’s second-richest person following a 2.2% decline in the electric carmaker’s share price.

Asia’s crypto industry reacts to Tesla backtracking Bitcoin payments, while Animoca Brands raises US$88,888,888 in a new funding round.

Elon Musk drops ‘fossil fuel’ Twitter bomb on Bitcoin, triggering a BTC price crash and dragging down Ethereum, Dogecoin and Shiba Inu.

From controversial meme-coin to the 5th largest digital asset. Is Dogecoin a joke or the future of cryptocurrency?

The “joke” cryptocurrency has surged from less than a cent to hit a price of around US$0.25 today with a 24-hour trading volume of US$34.6 billion.

Shares are up 75% since the beauty selfie app company began investing in Bitcoin and Ether to try to boost its flagging fortunes.

Other top blockchain and crypto news: ETH hits new high with CME Ethereum futures. DeFi yawns at YFI attack. China steps up DCEP digital yuan tests.

Before Tesla’s bitcoin moves, big money was already placing BTC bets. What are bitcoin’s long-term fundamentals? Geoff Morphy of Bitfarms explains.

Tesla has invested $1.5 billion into bitcoin, according to an SEC filing published today. The news sent bitcoin prices rocketing into a new stratosphere.