Cointelegraph Consulting: Gauging the impact of ETH shortages on exchanges
On-chain data shows that ETH is quickly vanishing from exchanges. Cointelegraph Consulting explores the causes and impact of this trend. Go to Source Powered by WPeMatico
Month: February 2021
Tesla allocates 7.7% of gross cash to Bitcoin
Breaking down Tesla’s Bitcoin purchase reveals the emergence of a new corporate whale. Go to Source Powered by WPeMatico
Cardano Token Pips Dot Into Fifth Place After Price Surges by 85% —Elon Musk Endorsed Dogecoin Sets New All Time High
The Cardano network token has toppled Dot to become the crypto-asset with the fourth-highest market capitalization. This new Cardano position comes after its price surged by more than 85% from $0.35 on February 1 to $0.68 on February 7. With the new price, the token’s market capitalization has now moved from $11 billion to the … Read more
Major exchanges struggle as Bitcoin pumps on $1.5B Tesla investment
As usual, when Bitcoin pumps and traders need stable exchanges more than ever, some are almost guaranteed to go down. Go to Source Powered by WPeMatico
DeFi snowball will turn into a Web 3.0 avalanche
We are at a pivotal moment in the history of the internet. And DeFi is a symptom of the real shift from centralized services to decentralized. Go to Source Powered by WPeMatico
Bitcoin goes into ludicrous mode as it briefly flippens Tesla
The crypto asset overtook Tesla Motors in market capitalization following an announcement that the car manufacturer had invested in Bitcoin. Go to Source Powered by WPeMatico
Tesla Has $1.5 Billion Worth of Bitcoin on Its Balance Sheet, Plans to Accept BTC for Products
The publicly listed firm Tesla has announced in a Securities and Exchange Commission (SEC) Form 10-k filing that the company has purchased $1.5 billion worth of bitcoin. When the news broke, the price of the leading crypto asset jumped well over 15%, touching a new all-time price high at $44,899 per coin. Tesla, the American … Read more
Bitcoin hits $43K all-time high as Tesla invests $1.5 billion in BTC
A filing with U.S. regulators confirms that Tesla is on board for Bitcoin payments in future. Go to Source Powered by WPeMatico
A turn for the worse? India’s crypto plan unsettling to local industry
The Indian crypto industry sees a brief panic over the government’s plans to ban “private cryptocurrencies” and explore the need for a CBDC. Go to Source Powered by WPeMatico
Tesla expects to begin accepting Bitcoin for payment
Tesla is now able to hold Bitcoin in reserves, thus accepting Bitcoin as payment for its cars without necessarily converting it. Go to Source Powered by WPeMatico
