Tesla Reports USD 101M of Impairment Loss from Bitcoin Investments in 2021
7.2.2022
Electric car manufacturer Tesla saw some USD 101m of impairment losses in 2021 as a result of bitcoin (BTC) price changes and therefore in the value of the company’s BTC holdings.
This was disclosed in a filing with the US Securities and Exchange Commission (SEC) for the previous fiscal year...
The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production
7.2.2022
Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down 38% from the crypto asset’s high, making bitcoin less profitable to mine. However...
CryptoAltum Launches Zero Fee ‘CryptoConvert’ and Lists Doge and Shiba on MT5
7.2.2022
PRESS RELEASE. When it comes to the cryptocurrency industry, it is absolutely vital to be able to convert one cryptocurrency, token or coin for another in an effective, seamless and easy to understand fashion. After all, it is this conversion ability that makes the crypto sector so attractive,...
Privacy-focused applications platform Aleo raises $200M
7.2.2022
Aleo will use the funds to support developers in building applications within its private and scalable platform
Swiss BSV to establish blockchain academy in the Middle East
7.2.2022
The BSV association and SDA will collaborate through the new blockchain academy in Riyadh to provide blockchain learning and development resources
Decentraland Faces a Phishing Attack
7.2.2022
The crypto space is no stranger to malicious attacks, and Decentraland recently experienced a similar situation. The well-known Metaverse website is currently experiencing a phishing attack as malicious parties have replicated the website. The elaborated scheme is curated to attack gullible users...
Tesla held $2B of Bitcoin as of late 2021, SEC filing reveals
7.2.2022
Tesla recorded $101 million of impairment losses on Bitcoin in 2021, with the carrying value accounting for $1.26 billion
Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela as New Law Passes
7.2.2022
Certain crypto and foreign currency transactions in Venezuela will be taxed at up to 20% after the government and parliament signed off on a rule aimed at reducing inflationary pressure on the troubled fiat bolivar....
Read More: Some Crypto Transactions Could Be Hit with 20% Tax in Venezuela...
US Job Data Boosts Dollar’s Rebound, Causes Euro to Dip
7.2.2022
The week started with the US data jobs hitting the market. As expected, the release affected the market, boosting the US dollar’s rebound and the euro’s fall. The primary reason behind the outcome lies in traders’ belief that the data could lead to quick rate hikes from the Fed....
Shiba Inu Surges 22% in Last 24 Hours; Will SHIB Continue Upto $0.000033?
7.2.2022
Shiba Inu is a famous meme coin along with Dogecoin. SHIB rose 22% in the last 24 hours. Before diving into the price chart and analysis, let’s find out what Shiba Inu is and why it is different from its competitor Dogecoin. Shiba Inu is an ERC-20 token created by Ryoshi. It is a decentralized...
Nigerian Blockchain Advocacy Group Says ‘Crypto Is Legit’ — Calls for Regulation of Industry
7.2.2022
The Nigerian blockchain advocacy group, the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), has said crypto is legit and must be regulated. The group adds that any such regulation should on one hand encourage innovation, but discourage bad actors on the other. Equal Access...
Manchester United Set to Showcase Tezos Blockchain Shirt Sponsorship
7.2.2022
Tezos is not unfamiliar with the sports industry as the blockchain has already established multiple deals with professional teams. Now, the network has taken the initiative to allegedly strike a deal with the renowned Manchester United. The deal will see Tezos becoming the official training...