Tesla

This week marked the launch of Grayscale’s newest Bitcoin offering with the lowest-ever fee to win back investors after experiencing significant outflows totaling billions of dollars from its Grayscale Bitcoin Trust. Let’s find out more. Bitcoin  Hong Kong’s securities regulatory body, SFC, has approved the launch of Bitcoin and Ethereum ETFs, which will offer investors a regulated and secure investment option starting April 30th. Elon Musk’s Tesla has held on to its BTC reserves for the seventh quarter in a…

Elon Musk’s Tesla has held on to its BTC reserves for the seventh quarter in a row, as established in its latest Q1 2024 earnings report.  Tesla Maintains BTC Holdings In Q1 2024 Tesla Inc., led by CEO Elon Musk, has stuck to its decision to retain its substantial Bitcoin holdings despite the fluctuating cryptocurrency market. The company's commitment to holding its cryptocurrency aligns with its strategy of long-term investment in blockchain technologies. In its latest financial disclosure, Tesla confirmed…

London, UK, April 17th, 2024, Chainwire In a pioneering move within the industry, MetaWin in collaboration with law firm BCLP, has successfully tokenized a Tesla Cybertruck, transforming it into a digital asset wrapped in a legally binding contract and minted as a Non-Fungible Token (NFT). This NFT, which represents full ownership rights to The Cybertruck, has been launched on the Ethereum Base Layer 2 blockchain operated by cryptocurrency giant Coinbase. This contest marks a significant milestone as the world’s first…

According to a new earning report from automotive manufacturer Tesla, the company did not sell any of its BTC holdings in the fourth quarter of 2022. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Tesla Maintains Holdings After Initial Sell-Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. The car manufacturer received close to $950M in exchange. Notably,…

Vehicle manufacturer Tesla has just debuted its latest product, a limited edition toy whistle dubbed the Cyberwhistle. Billionaire Tesla founder Elon Musk announced the release on Wednesday as a new product catalog for the toy whistle emerged. Per the catalog, buyers can only pay for the Cyberwhistle using DOGE.  Tesla Announces the Cybertruck-inspired Cyberwhistle Musk shared news of the whistle in a Twitter post calling his audience to “Blow the whistle.” According to the product catalog, the toy was based…

Adam Back – CEO of Blockstream – announced on Friday that his company will construct a $12 million Bitcoin mining facility. The project is a joint effort with Jack Dorsey’s Block and it will leverage renewable energy technology originating from Tesla. A Triple-Threat Bitcoin Partnership Adam Back is one of Bitcoin’s original developers, who many suspect of being Satoshi Nakamoto himself. The CEO is the man behind Hashcash, which is the basis of proof-of-work mining that secures Bitcoin today.   However,…

Kimbal Musk took a straightforward approach when talking about Tesla's investment in Bitcoin. At ETHDenver, Elon's younger brother said the company was "very ignorant" of the cryptocurrency's impact on the environment. His revealing words come little over a year since Tesla had bought $1.5 billion in Bitcoin. Now, crypto enthusiasts wonder whether Kimbal's comments will impact BTC's price like Elon's tweets previously did. Bitcoin Purchase has Divided Tesla Supporters Last year, when Tesla announced a humungous $1.5 billion investment in…

Musk's tweets are shaking the markets again - including Tesla. Specifically, Elon Musk created a Twitter poll to decide whether he could sell 10% of his Tesla shares. The sale could be worth $25 billion. As a result, Tesla crypto tokens dropped 6.8%. Tesla shares in premarket trading soon followed, dropping 5%. The CEO of Tesla and SpaceX decided to engage his Twitter followers on the question of unrealized capital gains. On Saturday, Musk tweeted that he would sell 10%…

Cryptocurrency and blockchain investments from the first nine months of 2021 have surpassed last year's total. In the first half of 2021, the worldwide crypto and blockchain activity was $8.7 million, more than double last year's figures. It is a significant sign that institutional money is streaming into crypto. Furthermore, it increases the investor base, and thus the institutional awareness and knowledge of this sector are also surging. The "institutional adoption" of crypto is already underway. Today we focus on…