What Tesla’s bitcoin sale means for the crypto outlook
On Wednesday evening, Tesla reported in its second quarter results that it sold 75% of its bitcoin holdings for $936 million. The company said it was...
Tagged: cryptocurrency
Tesla Sells 75% of Bitcoin Holdings After Musk Says He’s Not Dumping
Tesla Inc. sold a significant portion of its Bitcoin holdings, an investment that helped legitimize the world’s largest electronic currency. The automaker had converted...
Cryptomixers laundered millions for Russian, North Korean cyberhackers: chain analysis report
Blockchain security firm Chainalysis has identified a new trend of cybercriminals using “cryptomixers” to launder funds. According to data examined by Chainalysis, the 30-day moving average...
Australian BNPL company Zip exits Singapore, deprioritizes crypto offerings
Zip Co Ltd and QuadPay are shown on a smartphone screen June 10, 2020. Australian buy-now-pay-later company Zip said on Thursday it is weighing a write-down...
Tesla is selling the majority of its Bitcoin holdings
Tesla Inc. sold a significant portion of its stake in Bitcoin, an investment that helped legitimize the world’s largest electronic currency. The electric car maker had...
Lummis and Gillibrand speed up the crypto bill
Good morning, and welcome to Protocol Fintech. This Wednesday: the new ‘rush’ around crypto regulation, a Robinhood mystery solved and Rocket’s retro strategy. Off the chain...
Coinbase says it has no exposure to collapsed crypto firms Celsius, 3AC
Coinbase reported a 27% drop in revenue in the first quarter as usage of the platform declined. Chesnot | Getty Images Coinbase said on Wednesday it...
How to save for college with crypto, without wasting your future
Nowadays, a surprising number of parents are planning to pay for college with crypto. Notably, 87% of parents saving for their kids’ college say they’ve invested...
Crypto puts a strain on the power grid. Congress wants to empty it
All the companies included in the survey were asked to explain “the impact of their facilities on the energy costs of local families and businesses”, but...
Bitcoin (BTC) climbs above $23,000
A price crash in cryptocurrency and the start of a new so-called “crypto winter” has led to many companies in the industry facing a liquidity crisis....