The Bitcoin wallet belonging to Terra amassed a further $139 million in Bitcoin, bringing its total coffers up to 31,000 BTC or $1.47 billion. Watch out Michael Saylor! Do Kwon, CEO of Terraform Labs, is hot on the heels of MicroStrategy’s CEO. The Terra wallet has now amassed almost $1.5 billion in Bitcoin (BTC) following another…
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Tesla and SpaceX founder Elon Musk has reiterated his commitment to holding his stack of bitcoin (BTC), ethereum (ETH), and dogecoin (DOGE) when preaching to his more than 77m Twitter followers about ways to hedge against inflation…. Read More: Elon Musk Won’t Sell Bitcoin, Ethereum, Dogecoins as Inflation Soars and Recession Risk Grows Read…
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Musk acknowledged that predominantly scarce assets such as physical property and company stocks help investors maintain their purchasing power against high inflations. As rising inflation threatens to eat up further the purchasing power of the global fiat ecosystem, finding the perfect hedge against a falling economy has become the need of the hour — especially…
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Spacex CEO Elon Musk says that Starlink has been told by some governments to block Russian news sources. However, he affirmed, “We will not do so unless at gunpoint.” Elon Musk Refuses to Censor Russian News Sources Spacex and Tesla CEO Elon Musk tweeted early Saturday morning that Starlink has been told by some governments…
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Elon Musk has revealed that Tesla’s upcoming futuristic diner and drive-in theater, planned for the Hollywood area, will accept the meme cryptocurrency dogecoin. The electric car company currently accepts DOGE for some merchandise on its website. Tesla CEO Elon Musk: ‘You Can Pay in Doge’ Tesla and Spacex CEO Elon Musk tweeted about future dogecoin…
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Elon Musk has long proved his capacity to unleash waves of speculations and trigger market uncertainty through often cryptic statements. Most recently, Tesla’s CEO encountered a chance to stir up the crypto market when asked by a Twitter user whether his spacecraft business SpaceX and satellite-based broadband internet system Starlink would allow their customers…
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In an inflationary environment, assets like Bitcoin are becoming more attractive to corporations looking to diversify their cash holdings. Big Four auditor KPMG’s Canadian operation has officially added Bitcoin (BTC) and Ether (ETH) to its corporate treasury, joining other major companies in converting a portion of its fiat holdings into digital assets. The decision to…
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Elon Musk’s electric car company, Tesla, has filed an annual report with the U.S. Securities and Exchange Commission (SEC) showing bitcoin holdings with a fair value of almost $2 billion at the end of December. The company sees crypto as both an investment and liquid alternative to cash. Tesla Has $2 Billion in Bitcoin Tesla…
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Following a strong weekend, bitcoin’s surge continued to start the week, as Tesla announced close to $2 billion worth of holdings in BTC. Overall, crypto markets were around 3% higher on Monday. Bitcoin Bitcoin, which consolidated for the majority of last week, moved closer to a three-week high today, climbing by as much as 3%…
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Electric car manufacturer Tesla saw some USD 101m of impairment losses in 2021 as a result of bitcoin (BTC) price changes and therefore in the value of the company’s BTC holdings. This was disclosed in a filing with the US Securities and Exchange Commission (SEC) for the previous fiscal year, in which the company…
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