Data from Arkham Intelligence reveals Tesla's apparent accumulation of Bitcoin, with holdings now at 11,509 BTC, up from 9,720 BTC. This surge, amounting to 1,789 BTC (approximately $120.4 million), suggests a renewed interest in the cryptocurrency.
After Tesla's initial $1.5 billion Bitcoin investment in early 2021, followed by a brief acceptance of BTC payments, the company reversed its stance due to environmental concerns linked to BTC mining. This move also halted BTC payments acceptance.
Recent increases in Tesla's Bitcoin holdings have spurred speculation. Some suggest the company might have resumed purchasing Bitcoin, while others speculate it could be an accounting discrepancy. Microblogging discussions question the true nature of Tesla's recent activity.
SpaceX, Elon Musk's space exploration firm, follows suit by holding Bitcoin. Michael Saylor's advocacy for Bitcoin influenced Musk's decision, with MicroStrategy itself holding a substantial 193,000 BTC, positioning it as the world's largest institutional Bitcoin holder.
Hong Kong's Bitcoin and Ether ETFs launch saw a modest trading volume, indicating cautious investor sentiment amid regulatory concerns and market volatility. Despite the muted response, increased trading volume suggests growing interest, hinting at potential future market impact.
WeatherlyFormer Binance CEO CZ acknowledged wrongdoing, surrendered voluntarily, and received a four-month sentence, while former FTX CEO SBF opted for trial, asserting innocence, and received a 25-year sentence instead.
CatherineNigeria's EFCC froze over 1,100 crypto traders' accounts due to alleged currency manipulation and money laundering, intensifying concerns about crypto regulation. While the CBN denies a crypto ban, the EFCC's actions and regulatory uncertainties cast a shadow over Nigeria's crypto future.
WeatherlyElon Musk's transformation of Twitter into the "everything app" X includes integrating cryptocurrency for seamless financial transactions, but faces regulatory challenges in Australia due to content issues, shaping the future of social media and finance.
WeatherlyThe sale of an "epic sat" during Bitcoin's fourth halving event for $2.13 million marks the growing value of unique digital assets in the cryptocurrency ecosystem. With Bitcoin's inflation rate now lower than gold's, it solidifies its status as a rare and coveted store of value in the digital realm.
JoyHong Kong is launching Asia's first spot Bitcoin and Ether ETFs, potentially establishing itself as a crypto hub in the region, though mainland Chinese investors are currently restricted. The move could trigger a ripple effect across Asia, encouraging other regulators to explore similar initiatives, potentially reshaping the regional crypto investment landscape.
WeatherlyThe recent Bitcoin halving has sparked optimism among analysts, with predictions suggesting prices could reach as high as $4.5 million per coin, driven by limited supply and growing institutional interest. Bitcoin's potential as a sustainable mega-asset, supported by institutional investment and a narrative shift towards environmental friendliness, signifies a bold new era for the cryptocurrency.
WeatherlyThe 2024 Bitcoin halving, marked by the emergence of spot Bitcoin ETFs and a dwindling tradable supply, presents a departure from past events. These novel factors, alongside uncertainty in the Federal Reserve's policy, introduce intriguing dynamics that could reshape Bitcoin's trajectory.
JoyThe upcoming Bitcoin halving in 2024 will cut miner rewards in half, sparking a race for rare "epic sats" and pushing miners to optimize operations for higher efficiency and income diversification.
AnaisHong Kong's approval of bitcoin and ether ETFs signals its growing role in cryptocurrency innovation, contrasting with China's stricter stance. While this move promises investment opportunities and financial growth, it also poses risks due to cryptocurrency volatility and regulatory uncertainties.
AnaisGolden Weekly is a weekly blockchain industry summary column launched by Golden Finance. The content covers key news of the week, mining information, project trends, technology progress and other industry trends.
JinseFinanceWelt’s Holger Zscaepitz also took to Twitter to reveal that Tesla, with a price of around $109, has never been further away from the average analysts’ price target ($255).
FinboldMerchants that accept crypto rather than credit cards for payments can expect to save as much as 3.5% — or more.
CointelegraphA quant has suggested that the reason behind the recent negative Coinbase Premium could have been due to Tesla's Bitcoin ...
BitcoinistOne thing’s for sure, Tesla’s CEO knows how to generate headlines. The infamous Elon Musk was the talk of the ...
BitcoinistElon Musk's electric car maker has sold off most of its BTC reserves, according to a financial report released Wednesday.
CointelegraphA key trendline which the Bitcoin price passed for the first time in over a month is currently seeing its first retest as support.
CointelegraphTesla wasn't the one to be left behind and disclosed a $1.5 billion Bitcoin purchase on February 8. The crypto ...
BitcoinistTesla’s removal from the S&P 500 ESG Index adds to an already bearish trajectory while BTC/USD stays stuck below $30,000.
CointelegraphThe site will use a combination of solar panels and battery storage from excess daylight to power Bitcoin mining.
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