Tags : million


Tesla Suffers $140 Million BTC Loss, SEC Submitting Exhibits

In February of 2021, Tesla revealed its intention to promote vehicles utilizing Bitcoin, prompting the worth of the cryptocurrency to skyrocket, whereas additionally buying $1.5 billion value of the crypto. One BTC was valued at round $43,000 on the time of the funding. Elon Musk, CEO of Tesla, was then fairly optimistic concerning the crypto’s future, stating […]Read More


Tesla Particulars $140 Million Bitcoin Loss in SEC Submitting

Tesla misplaced over $140 million betting on Bitcoin final yr, in keeping with a Monday filing with the U.S. Securities and Trade Fee. The electrical automobile producer took a $204 million impairment cost whereas gaining $64 million by means of changing Bitcoin in 2022. “Within the yr ended December 31, 2022, we recorded $204 million […]Read More


Is $1 Million Potential For Bitcoin? Right here’s What This

Bitcoin is already seeing a drawdown which has sparked hypothesis that the mini-bull run has come to an finish. Nonetheless, over the long run, there may be nonetheless a bullish case for the digital asset however how excessive the value will go stays anybody’s finest guess. An analyst has taken to Twitter to share their […]Read More


Tesla noticed a internet lack of $140 million on its

Tesla recorded good points of $64 million and impairment lack of $204 million. The corporate has revealed it bought 75% of its Bitcoin holdings, and held BTC value about $184 million as of 31 December 2022. The electrical automobile maker purchased Bitcoin value $1.5 billion in 2021. Tesla has revealed that the corporate bought many […]Read More


Inflows into Bitcoin merchandise surged by $116 million final week

Digital asset funding merchandise noticed inflows of about $117 million final week, the most important since July 2022. Bitcoin noticed nearly all of final week’s digital asset funding merchandise inflows, with $116 million of the entire. Complete belongings underneath administration (AUM) rose $28 billion, roughly 43% from influx lows recorded in November. Bitcoin noticed essentially […]Read More


30+ million Bitcoin addresses are in revenue after BTC spike

Bitcoin addresses in revenue is at a 9-month excessive of 30+ million. Extra distinctive addresses in revenue had been final above 30 million in early April 2022. Non-zero addresses additionally hit a 1-month excessive whereas addresses with 0.01+ BTC is at an all-time excessive. The variety of Bitcoin addresses which are at present in revenue […]Read More


MATIC Dealer Turns $80K Into $4 Million as Polygon Ends

Whereas many cryptocurrencies have had a positive run this month, Polygon’s native token seems poised to shut out January as a notable standout. MATIC is up 19% previously week to $1.19, in response to knowledge from CoinGecko, lifting positive factors for the token to upwards of fifty% in January. This comes as the worth of […]Read More


FBI Infiltrated Hive Community, Blocking Over $130 Million in Crypto

The U.S. Justice Division introduced Thursday the outcomes of a months-long operation with the Federal Bureau of Investigation that actively disrupted the actions of the Hive ransomware group, which the company says had focused hospitals, faculties, and banking in over 80 international locations. “Final night time, the Justice Division dismantled a world ransomware community accountable […]Read More


Backed by Jay-Z, Web3 {Hardware} Startup Spatial Labs Raises $10

Web3 startup Spatial Labs has raised $10 million in its seed funding spherical, led by Blockchain Capital and backed by billionaire rap artist Jay-Z’s enterprise capital agency Marcy Enterprise Companions. When mixed with Spatial’s pre-seed funding increase of $4 million, the brand new spherical brings the startup’s complete funding to $14 million. Spatial Labs has […]Read More


Practically 13 million bitcoins haven’t moved in over a yr,

Key Takeaways An all-time excessive of 12.7 million bitcoins haven’t moved in over a yr That interprets to two-thirds of the circulating provide Solely 7% of bitcoins have moved within the final month Historical past reveals that long-term holders are likely to rise as value falls, which can appear counter-intuitive The actual story is a […]Read More