Crypto-friendly US senator invites Elon Musk to move to Wyoming
Saying the state has “the best laws for digital assets” in the United States, Senator Lummis asked the Tesla CEO if he would consider relocating. Go to Source Powered by WPeMatico
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Indian Crypto Exchanges Flooded With INR Deposits and New Users After Elon Musk’s Tesla Revealed Bitcoin Purchase
Indian crypto exchanges have been experiencing a flood of INR deposits and surging trading volumes since it was revealed that Elon Musk’s Tesla purchased $1.5 billion worth of bitcoin. The positive sentiment swept the Indian crypto industry despite the uncertainty of the cryptocurrency bill that may soon be introduced in parliament. INR Deposits and Trading … Read more
Tesla’s $1.5B Bitcoin purchase leaves treasury experts scratching heads
Some treasury experts are finding it difficult to understand why Tesla recently bought $1.5 billion worth of Bitcoin — the best performing asset of the last decade. Go to Source Powered by WPeMatico
Stablecoin flows hint at $50K Bitcoin after Tesla pump liquidates $500M in BTC shorts
Around $500 million worth of positions were liquidated within hours as the Tesla news caused Bitcoin to spike over $46,000. Go to Source Powered by WPeMatico
Bitcoin Price Surpasses $44k Handle, ETH Futures Launch, Tesla’s Balance Sheet BTC Praised
The price of bitcoin touched a new all-time high on Monday after the community discovered that Elon Musk’s firm Tesla added $1.5 billion worth of bitcoin to the company’s balance sheet. At press time, bitcoin is meandering over the $43k handle and has an overall market capitalization of around $814 billion today. Crypto Markets Rise … Read more
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
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
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
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