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Crypto Market Watch: Bitcoin Clings to $29,000, DOGE Up After Elon Musk Rebrands Twitter as X
The valuation of the crypto sector dropped by 1.68 percent in the last 24 hours. Along with Bitcoin and Ether having registered losses, most other altcoins also followed suit and registered dips. Dogecoin, on the other hand, is trading in profits after Elon Musk rebranded Twitter to X and hinted at bringing in DOGE-related services to the platform.
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Elon Musk Retains Tesla’s BTC Holdings, Boosts DOGE With Scooby-Doo Meme
Under the leadership of Elon Musk, Tesla often engaged with cryptocurrencies but has lacked in crypto-related action so far. During its earning calls on Thursday, July 20, Tesla said it managed to retain Bitcoin with a net value of $184 million (roughly Rs. 1,509 crore) without the company having added or sold any tokens.
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Tesla Saw $204M Loss From Bitcoin In 2022: Report
The company has $184 million worth of bitcoin.
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BTC, ETH Price Points to Be Shown on Twitter via a Simple Search, Here’s How
Twitter will now be able to show the prices and market movement trajectory for cryptocurrencies via a simple search of their names. Since cryptocurrencies have emerged as tools of investments around the world, it's not entirely surprising that they are being included alongside traditional financial assets, information around which also crop up via ...
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Elon Musk’s Tesla Retains $218 Million BTC Holdings for 2022 Third Quarter
Elon Musk’s EV company Tesla has retained its Bitcoin holdings in the third quarter of 2022. In terms of Bitcoin, the EV company is projected to hold around 9,720 Bitcoin units at present. For the third quarter, Tesla said it has clocked $3.3 billion (roughly Rs. 27,306 crore) attaining revenues of $21.45 billion (roughly Rs. 1,77,493 crore).
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Dogecoin Rises as Second Largest PoW Cryptocurrency Following Ethereum Merge Arrival
The Dogecoin has emerged as the second largest cryptocurrency after Bitcoin one day after Ethereum’s eco-friendly Merge update went live on September 15. Dogecoin was created by software engineers Billy Markus and Jackson Palmer. Markus in 2021, had admitted in an interview that he made Dogecoin in ‘just two hours’, and didn’t even ‘think...
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Instagram Account of Pakistan's Imran Khan Briefly Hacked
The Instagram account of Pakistan's former Prime Minister Imran Khan was briefly hacked on Monday by crypto scammers who shared a post lauding Tesla Motors Founder Elon Musk for "donating" three bitcoins, according to media reports.
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Tesla Writes Down $170 Million in Bitcoin Impairment Charges in Q2 2022
As revealed in an SEC filing on Monday, Elon Musk’s car manufacturer Tesla recorded a $170 million (roughly Rs. 1,360 crore) impairment charge for Bitcoin on its balance sheet during the first half of 2022. It also netted $64 million (roughly Rs. 512 crore) in gains from certain sales of the asset.
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Binance's Changpeng Zhao Labels Tesla's Bulk Bitcoin Sell-Off a 'Drop in the Ocean'
Commenting on Tesla offloading 75 percent of its Bitcoin holdings, the Binance boss took it in a very light way, saying Elon Musk’s decision, whether selling or buying the asset, “does not mean much” because his move won’t change BTC’s fundamentals.
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Tesla Q2 Profit Beats Expectations, Elon Musk Reiterates 50 Percent Annual Vehicle Sales Growth Forecast
Tesla exceeded Wall Street expectations from April through June with a better-than-expected $2.26 billion (roughly Rs. XXX crore) net profit for the quarter. The Texas-based company's second-quarter profit fell 32 percent from record levels in the first quarter. Experts note that the decrease in automobile revenues from the first quarter was offset...
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Tesla Sold 75 Percent of Bitcoin Holdings Over Concerns of ‘Overall Liquidity’, Musk Says
Tesla has sold around 75 percent of its Bitcoin holdings in the second quarter, the company has revealed. The cryptocurrency rebounded after a short sell-off on Wednesday on the news. Tesla, which bought $1.5 billion (roughly Rs. 12.000 crore) of the cryptocurrency at the peak of its massive growth and popularity, sold $936 million (roughly Rs. 7,5...
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Elon Musk Sued for $258 Billion Over Alleged Dogecoin Pyramid Scheme
Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency.
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Bitcoin Not Practical as Payment Mode, Says British Central Bank Governor Andrew Bailey
Andrew Bailey, the 63-year-old governor of the Bank of England (BoE) has dismissed Bitcoin as an everyday payment alternative. According to Bailey, Bitcoin can serve as a commodity to be owned, but not as a mode of making daily payments. The BoE chief made his statements while speaking on the Jobs of the Future podcast this week.
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FTX CEO Backs Solana as Payment Network, Dismisses BTC Due to Its PoW Mining Model
Sam Bankman-Fried, the CEO of FTX crypto exchange has said that Solana appears to be a better option than BTC to be taken up as a payment alternative. He believes that Proof-of-Stake (PoS) mining that allows millions of transactions each second, at cheaper costs. BTC’s Proof-of-Work mining model however, makes it an expensive choice, also detrim...
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Optimistic, Elon Musk Will End "Censorship" On Twitter, Says 'Bitcoin Jesus'
Bitcoin Jesus is back. After a year of social-media silence, Roger Ver -- who earned the moniker for his evangelical-like advocacy -- is the latest crypto pioneer to voice his support of Elon Musks takeover of Twitter.
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Crypto Market Watch: Bitcoin Clings to $29,000, DOGE Up After Elon Musk Rebrands Twitter as X
The valuation of the crypto sector dropped by 1.68 percent in the last 24 hours. Along with Bitcoin and Ether having registered losses, most other altcoins also followed suit and registered dips. Dogecoin, on the other hand, is trading in profits after Elon Musk rebranded Twitter to X and hinted at bringing in DOGE-related services to the platform.
-
Elon Musk Retains Tesla’s BTC Holdings, Boosts DOGE With Scooby-Doo Meme
Under the leadership of Elon Musk, Tesla often engaged with cryptocurrencies but has lacked in crypto-related action so far. During its earning calls on Thursday, July 20, Tesla said it managed to retain Bitcoin with a net value of $184 million (roughly Rs. 1,509 crore) without the company having added or sold any tokens.
-
Tesla Saw $204M Loss From Bitcoin In 2022: Report
The company has $184 million worth of bitcoin.
-
BTC, ETH Price Points to Be Shown on Twitter via a Simple Search, Here’s How
Twitter will now be able to show the prices and market movement trajectory for cryptocurrencies via a simple search of their names. Since cryptocurrencies have emerged as tools of investments around the world, it's not entirely surprising that they are being included alongside traditional financial assets, information around which also crop up via ...
-
Elon Musk’s Tesla Retains $218 Million BTC Holdings for 2022 Third Quarter
Elon Musk’s EV company Tesla has retained its Bitcoin holdings in the third quarter of 2022. In terms of Bitcoin, the EV company is projected to hold around 9,720 Bitcoin units at present. For the third quarter, Tesla said it has clocked $3.3 billion (roughly Rs. 27,306 crore) attaining revenues of $21.45 billion (roughly Rs. 1,77,493 crore).
-
Dogecoin Rises as Second Largest PoW Cryptocurrency Following Ethereum Merge Arrival
The Dogecoin has emerged as the second largest cryptocurrency after Bitcoin one day after Ethereum’s eco-friendly Merge update went live on September 15. Dogecoin was created by software engineers Billy Markus and Jackson Palmer. Markus in 2021, had admitted in an interview that he made Dogecoin in ‘just two hours’, and didn’t even ‘think...
-
Instagram Account of Pakistan's Imran Khan Briefly Hacked
The Instagram account of Pakistan's former Prime Minister Imran Khan was briefly hacked on Monday by crypto scammers who shared a post lauding Tesla Motors Founder Elon Musk for "donating" three bitcoins, according to media reports.
-
Tesla Writes Down $170 Million in Bitcoin Impairment Charges in Q2 2022
As revealed in an SEC filing on Monday, Elon Musk’s car manufacturer Tesla recorded a $170 million (roughly Rs. 1,360 crore) impairment charge for Bitcoin on its balance sheet during the first half of 2022. It also netted $64 million (roughly Rs. 512 crore) in gains from certain sales of the asset.
-
Binance's Changpeng Zhao Labels Tesla's Bulk Bitcoin Sell-Off a 'Drop in the Ocean'
Commenting on Tesla offloading 75 percent of its Bitcoin holdings, the Binance boss took it in a very light way, saying Elon Musk’s decision, whether selling or buying the asset, “does not mean much” because his move won’t change BTC’s fundamentals.
-
Tesla Q2 Profit Beats Expectations, Elon Musk Reiterates 50 Percent Annual Vehicle Sales Growth Forecast
Tesla exceeded Wall Street expectations from April through June with a better-than-expected $2.26 billion (roughly Rs. XXX crore) net profit for the quarter. The Texas-based company's second-quarter profit fell 32 percent from record levels in the first quarter. Experts note that the decrease in automobile revenues from the first quarter was offset...
-
Tesla Sold 75 Percent of Bitcoin Holdings Over Concerns of ‘Overall Liquidity’, Musk Says
Tesla has sold around 75 percent of its Bitcoin holdings in the second quarter, the company has revealed. The cryptocurrency rebounded after a short sell-off on Wednesday on the news. Tesla, which bought $1.5 billion (roughly Rs. 12.000 crore) of the cryptocurrency at the peak of its massive growth and popularity, sold $936 million (roughly Rs. 7,5...
-
Elon Musk Sued for $258 Billion Over Alleged Dogecoin Pyramid Scheme
Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency.
-
Bitcoin Not Practical as Payment Mode, Says British Central Bank Governor Andrew Bailey
Andrew Bailey, the 63-year-old governor of the Bank of England (BoE) has dismissed Bitcoin as an everyday payment alternative. According to Bailey, Bitcoin can serve as a commodity to be owned, but not as a mode of making daily payments. The BoE chief made his statements while speaking on the Jobs of the Future podcast this week.
-
FTX CEO Backs Solana as Payment Network, Dismisses BTC Due to Its PoW Mining Model
Sam Bankman-Fried, the CEO of FTX crypto exchange has said that Solana appears to be a better option than BTC to be taken up as a payment alternative. He believes that Proof-of-Stake (PoS) mining that allows millions of transactions each second, at cheaper costs. BTC’s Proof-of-Work mining model however, makes it an expensive choice, also detrim...
-
Optimistic, Elon Musk Will End "Censorship" On Twitter, Says 'Bitcoin Jesus'
Bitcoin Jesus is back. After a year of social-media silence, Roger Ver -- who earned the moniker for his evangelical-like advocacy -- is the latest crypto pioneer to voice his support of Elon Musks takeover of Twitter.
