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Tesla's Bitcoin Investment Fell $1 Billion Last Quarter Amid Crypto Market Crash
Money

Tesla's Bitcoin Investment Fell $1 Billion Last Quarter Amid Crypto Market Crash


One day after posting blowout second-quarter earnings, electric-carmaker Tesla revealed in a public filing Tuesday that the value of its bitcoin holdings plummeted more than $1 billion last quarter from $2.5 billion at the end of March as the nascent crypto market reeled from a roughly 40% crash, wiping out virtually all the gains Tesla made on its initial $1.5 billion investment but resulting…

Tekin Salimi Highlights The Sustained Relevancy Of The DAO Model

Tekin Salimi Highlights The Sustained Relevancy Of The DAO Model


Anyone in the cyrpto world knows that a massive backlash ensued after a rupture in the DAO business model that made it possible for users to siphon off very significant amounts of the funds invested into Ethereum at that point. However, what most of the crypto world do not know is how relevant, and even pivotal, the DAO model has been and still is to this day for its role in evolving blockchain applications…

Bitcoin’s Biggest Corporate Backer Invests Another $500 Million As Crypto Prices Crash

Bitcoin’s Biggest Corporate Backer Invests Another $500 Million As Crypto Prices Crash


Two weeks after announcing a debt offering to fund the investment, business analytics firm MicroStrategy, which owns more bitcoin than any other corporation in the world, has spent nearly $500 million to acquire more of the world’s largest cryptocurrency—taking advantage of crashing prices Monday morning despite warning of a significant loss to come as a result of bitcoin’s tanking…

More from Crypto & Blockchain


Bitcoin

Bitcoin Surges To An All Time High Of $48,000 As Tesla Signals Its Confidence

Bitcoin’s price reached another record high Tuesday, pushing past $48,000 after electric car giant Tesla revealed it had invested $1.5 billion in the controversial asset and would soon be accepting it as a form of payment for its electric…


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Bitcoin Forbes Monaco

BlackRock Files To Add Bitcoin Futures To Funds

Investment giant BlackRock filed documents with the Securities and Exchange Commission showing that it wants to include cash-settled Bitcoin futures as eligible investments for two of its funds—the latest instance of a major financial…


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Publicly backed company to step into Blockchain industry

Publicly backed company to step into Blockchain industry

In countries with free market economies, large corporations play a critical role, providing citizens with jobs, the state treasury with taxes, and customs with duties. Often, these companies are public. Their stocks are listed on exchanges…


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Blockchain In The Education System: Fantasy Or New Reality?

Blockchain In The Education System: Fantasy Or New Reality?

Thanks to the advent of cryptocurrencies, the world has not only received a universal means for payments but also learned about blockchain technology. When it comes to working with data, blockchain has offered unprecedented functionality that…


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How Altruism And Technical Solutions Led To The Creation Of Profitable And Safe Investment Models

How Altruism And Technical Solutions Led To The Creation Of Profitable And Safe Investment Models

Modern technology is rapidly changing traditional trading formats, automating all related processes; however, none of the currently available instruments on the market is protected against emerging risks. Today we have the opportunity…


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Bitcoin PoS: Decentralized, Secure, Fast

Bitcoin PoS: Decentralized, Secure, Fast

Bitcoin PoS takes everything you know and love about Bitcoin and makes it faster, more rewarding, and ready for real-life digital currency payments. Alarge amount of energy is required to keep the Bitcoin network up and running these days,…


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Enjoy The Great Future Of Digital Era

Enjoy The Great Future Of Digital Era

GSB Gold Standard Banking Corporation, leading German Software, IT and Blockchain Powerhouse, chose One Monte Carlo to launch on the 2nd October 2020 an unprecedented technology aimed at making cryptocurrency transactions much easier and faster.…


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5 Ways Blockchain Can Help The Advertising And Marketing Industry

5 Ways Blockchain Can Help The Advertising And Marketing Industry

The advertising industry is playing a very important role in every industry you can ever think of. In the ad industry, it is helping businesses in building a successful brand image and ensuring long term success. Yearly, companies spend a lot…


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COFFE That Is Not To Drink

COFFE That Is Not To Drink

Until 2020, there were many releases of technology companies in the field of blockchain and cryptocurrencies. They surprised us not only by their technological features, but also by their bright names. The COFFE blockchain is no exception.…


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Timers project will tokenize your time via blockchain

Timers project will tokenize your time via blockchain

Time is our most valuable asset. Surely everyone has heard about this from their parents. Time is an irreplaceable human resource, which is more valuable than any material wealth, and which cannot be earned. All we can do with time is to make…


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Antonio Cecere

Diamonds And Disruptors

Antonio Cecere Adds Clarity To A Luxury Asset Soaring In Value The Magnificent Jewels at Christie’s New York auction this April proved once again that fancy color diamonds are a top performing physical asset and an investment vehicle…


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Founder and CEO of SonoCoin Leon Afanasyev, at his office in Geneva, believes the recent collapse of the crypto market has cleared the way for innovative virtual payment solutions.

Money Talks

The First Crypto "You Can Hear" When Kay Van-Petersen told CNBC that bitcoin “could hit $100,000 in 2018” investors went crazy. After all, the analyst at Saxo Bank had successfully predicted the cryptocurrency would reach…


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Tesla

Tesla Will Stop Accepting Bitcoin As Payment Due To Environmental Worries, Musk Says

The Benefits Of Blockchain In The Educational Sector

The Benefits Of Blockchain In The Educational Sector

New York Times Sells Column For Over $550k In NFT Experiment

New York Times Sells Column For Over $550k In NFT Experiment

Bitcoin

Crypto Surge Continues: Market Up $750 Billion, Nearly Doubling This Month As Bitcoin Hits New Highs

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