Bitcoin Price Falls Under $23K Following Tesla Q2 2022 Report

In the company’s letter to investors, Tesla executives stated that the company sold 75% of its Bitcoin holdings, adding $936 million in cash to its balance sheet.  Bitcoin price saw a spike in price in the early stages of yesterday and looked like it was finally about to break out, briefly climbing above $24,300, before […]

Continue Reading →
 

Tesla Sold 75% of Bitcoin for Fiat during Second Quarter

Tesla’s recent Q2 report reveals that the EV company sold $936 million in Bitcoin to help with COVID-triggered liquidity concerns. In its second-quarter earnings report, Tesla Inc (NASDAQ: TSLA) revealed that it sold $936 million worth of Bitcoin (BTC). This represents a massive 75% reduction of the company’s Bitcoin portfolio, leaving its holdings at $218 million. Following Tesla’s decision […]

Continue Reading →
 

Tesla Sees Highest Vehicle Production Month in Q2 2022, Revenue Climbs 42% YoY

Despite seeing its highest vehicle production month in history, Tesla also saw its automotive gross margin fall for the first time in a long while. Shares of EV giant Tesla Inc (NASDAQ: TSLA) jumped in extended trading as the company beat analysts’ expectations in Q2 2022 despite the market conditions. The company released its quarterly […]

Continue Reading →
 

Bitcoin Could Hit $500K by 2027, Galaxy Digital’s Mike Novogratz Predicts

Despite a bleak outlook, Novogratz believes that the Bitcoin “store-of-value” appeal will see it rise to $500K in five years. Galaxy Digital CEO Mike Novogratz, believes that Bitcoin (BTC) could hit $500K by 2027. Novogratz sees this as possible due to the leading crypto’s unique properties and adoption growth. Going by Novogratz’s $500K price prediction, Bitcoin will […]

Continue Reading →
 

Bitcoin Breaks Past Its 200-Week EMA towards $24,000, Further Upside Possible

Bitcoin has moved past its crucial resistance of 200-week EMA. But BTC needs to form a daily and weekly candle above it to confirm the uptrend. On Tuesday, July 19, the world’s largest cryptocurrency Bitcoin (BTC) made a strong move shooting towards $24,000. As of press time, Bitcoin has gone past its 200-week EMA and […]

Continue Reading →
 

Bitcoin Mining: Miners Move $300M Bitcoin in 24 Hours

The sell-off of Bitcoin is a way for companies to maintain their balance sheet. In a move to offset their mining expenses, bitcoin mining companies have moved over $300 million worth of Bitcoin within twenty-four hours. The data from CryptoQuant showed that over 14,000 bitcoins were sold at the end of the past week. While […]

Continue Reading →
 

Bitcoin Should Be Regulated Like Security, Chamath Palihapitiya Opines

Chamath Palihapitiya spoke on Bitcoin and crypto issues, including inadequate regulation, off-chain transactions and high-risk staking. According to notable venture capitalist and early Bitcoin investor Chamath Palihapitiya, the leading crypto needs to be regulated like a security. The Sri-Lankan-born Canadian-American billionaire businessman made this assertion on a recent podcast episode he co-hosts with a few other venture capitalists. […]

Continue Reading →
 

SEC Extends Deadline for Approving Ark Invest’s Bitcoin ETF to August

The latest development from the regulatory body reportedly comes after the commission rejected Grayscale’s attempt to convert its Bitcoin trust into an ETF in June. The United States Securities and Exchange Commission (SEC) has extended the deadline to approve or disapprove ARK Investment Management’s 21 Shares’ Bitcoin exchange-traded fund (ETF). The SEC now has up […]

Continue Reading →
 

Bitcoin Will Eventually Hit $1 Million, ex-BitMEX CEO Arthur Hayes Is Still Confident

Arthur Hayes believes that because of the HODL culture 1 Bitcoin would eventually equal $1 million in about 8 years.  Former BitMEX chief executive Arthur Hayes recently reiterated his $1 million Bitcoin (BTC) price prediction. According to Hayes, the $1 million price point is almost inevitable for the leading digital currency. Although Hayes is bullish on Bitcoin, the ex-CEO asked […]

Continue Reading →
 

Grayscale Clarifies Commonly Asked Questions about Its Lawsuit with SEC

The SEC categorized Bitcoin Futures ETF and spot Bitcoin ETF as separate products. Grayscale Investments, one of the crypto industry’s largest digital asset managers has shed useful insight into its ongoing lawsuit with the United States Securities and Exchange Commission (SEC). In a Question and Answer (Q&A) session, Craig Salm, Grayscale’s Chief Legal Officer reiterated […]

Continue Reading →
 

Bitcoin’s Biggest Critic Peter Schiff Ready to Accept BTC Payments after Bank Trouble

Bitcoin critic Peter Schiff said that he would be accepting BTC if that were to save customers of his now embattled bank Euro Pacific. The tables have turned quite unexpectedly for Peter Schiff. Gold bug and Bitcoin critic Peter Schiff said that he is now ready to accept payment in BTC if the regulators allowed […]

Continue Reading →
 

Wall Street Expects Bitcoin to Fall to $10K | Coinspeaker

Recently, CoinGecko data disclosed that $2 trillion has been wiped off the market value for cryptocurrencies since last year. Bitcoin is currently trading around $20,555 after sinking below 19,000 for the first time since December 2020. Following the quick reversal, Tron blockchain ecosystem founder Justin Sun hinted that the worst ever condition the market could […]

Continue Reading →