Elon Musk’s Tesla is already $1 billion in profit from holding Bitcoin
Tesla’s Bitcoin stash is now worth $1 billion more than when Elon Musk approved the purchase in February. Go to Source Powered by WPeMatico
DIGIT
Report: Driven by DeFi, North America’s crypto volume increased 1,000% year-over-year
Chainalysis said North America’s DeFi transactions were led by retail investors in the last year, with many transactions under $10,000. Go to Source Powered by WPeMatico
Too early to talk about using crypto for oil trading, says Putin
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.” Go to Source Powered by WPeMatico
Search for fiat alternative ‘perfectly reasonable,’ says StanChart CEO
The CEO of the British bank believes stablecoins, CBDCs and even NFTs will likely outgrow cryptocurrencies. Go to Source Powered by WPeMatico
Yield App Doubles Assets In Q3 As It Scores Big With Premier League Partnership
YIELD App, a FinTech company and digital asset wealth management platform, has published its Q3 report, showing the firm continuing on a strong growth trajectory over the third quarter of 2021, which saw it double its managed assets and strike a high profile partnership with Premier League football club, West Ham United. The quarter saw … Read more
Digital Pound Foundation launches to promote CBDC development in the UK
The think tank wants to ensure the United Kingdom keeps pace with the developments in the emerging digital landscape. Go to Source Powered by WPeMatico
Bitcoin analyst ‘highly doubts’ return to $50K — Will the weekly close spark a correction?
Bitcoin has never managed a weekly close above $60,000, and failing to do so again risks a reversal downhill, a new warning says. Go to Source Powered by WPeMatico
Demand for Crypto Experts in India Hikes Remuneration, Vacancies Spike
A deficit in crypto talent is pushing salaries up in Indian companies engaged with the domestic and global blockchain industry, local media reported quoting data from recent studies. Demand for professionals in the field has been growing rapidly in the past year. Crypto Experience Can Bring up to $100,000 in Annual Salary Indian IT companies … Read more
Billionaires are backing Bitcoin over gold … but some say Ethereum is even better
“The reason I own Bitcoin is because the U.S. government and every government in the western hemisphere is printing money now to the end of time,” said Billionaire Barry Sternlicht. Go to Source Powered by WPeMatico
St. Louis Fed’s James Bullard Would ‘Support Starting the Taper in November’ to React to Inflation
St. Louis Federal Reserve president James Bullard told the press on Tuesday that he thinks the U.S. central bank needs to wind down the buying of $80 billion worth of monthly bond purchases. Bullard says he would support tapering starting as early as November, in order to “react to possible upside risks to inflation next … Read more
