Elon Musk Dumps 6.9 Million Tesla Shares Worth $7 Billion
Tesla CEO Elon Musk has reportedly disposed of nearly $7 billion worth of the company’s stock in recent days as his chaotic Twitter buyout bid still hangs in limbo. Musk,…
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Elon Musk: US ‘past peak inflation’ after Tesla sells 90% of Bitcoin
The firm may be caught short in the event that markets have already bottomed and crypto starts to deliver serious returns again.
Twitter chases Citadel’s founder, Binance in a race of subpoenas
The company is gathering all the possible information on Elon Musk's private claims about its number of fake accounts.
Crypto Biz: Elon Musk: The ultimate crypto tourist
Tesla's foray into Bitcoin may have been one big distraction for the electric vehicle maker, which reported mixed financial results earlier this month.
Tesla Reveals Bitcoin Holdings Worth $222 Million in Latest SEC Filing
Tesla has revealed that it is still holding bitcoin worth $222 million in market value after selling 75% of its crypto holdings. The company recorded realized gains of $64 million…
Tesla reports $64M profit from Bitcoin sale
Elon Musk’s electric vehicle company sold 75% of its BTC in the second quarter. The company’s overall profitability was impacted by inflation and the competition for battery cells.
Tesla Hit With $170 Million Impairment Charge on Bitcoin Holdings
Elon Musk’s car manufacturer Tesla recorded a $170 million impairment charge for Bitcoin on its balance sheet during the first half of 2022. It also netted $64 million in gains…
Yuga Labs May Face a Potential Class-Action Lawsuit Over Apecoin and NFT Sales
According to the international law firm Scott+Scott’s website, there’s a possibility that the non-fungible token (NFT) company Yuga Labs may be threatened with a class action lawsuit for generally promoting…
1 Billion Crypto Users in Less Than 10 Years, Research Says
A joint study conducted by Boston Consulting Group (BCG), Bitget, and Foresight Ventures revealed that digital asset adoption is still in its early days. If the trend continues, the total…
Tesla Sold 75% of BTC Holdings, Crypto Market Reclaims $1T, Ethereum Merge 90% Complete: This Week’s Recap
The past seven days were very eventful, and, fortunately, the week ended up in green. The total cryptocurrency market capitalization reclaimed the coveted $1 trillion level and is currently sitting…
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