Tesla Reports Loss in Failed Bitcoin Investment
During the first quarter of 2021, the company put more than $1.5 billion into the coin. In a regulatory filing, Tesla said that it lost $170 million on its investment in Bitcoin during the first nine months of this year. It also said that it made about $64 million by turning some of the Bitcoin […]
Hash price and energy costs make Q3 tough for Bitcoin miners
Bitcoin mining businesses in North America and Europe have not had a very good third quarter of 2022 due to rising energy costs. Energy concerns in North America and Europe and market conditions have led to another grim quarter for Bitcoin miners. Hashrate Index’s Q3 mining report cites various explanations behind the decreased hash price […]
Tesla HODL its remaining $218M Bitcoin holdings in Q3
Despite nearly a $1 billion sell-off in the prior quarter, Tesla made no changes to its Bitcoin holdings in the third quarter (Q3) of 2022. According to the company’s Q3 report, which was released on October 19, its “digital assets” still total $218 million, and there have been no reductions in their value. It’s believed […]
Guinness World Records features Bitcoin, crypto events in latest edition
Under the heading “Cryptomania” the current edition of Guinness World Records now includes Bitcoin and various blockchain events including CryptoPunk NFT sale and El Salvador becoming the first country to adopt BTC as a legal Tender. Blockchain technology and digital assets were among the most widely discussed topics over the previous couple of years, as […]
Bitcoin Not Expected To Experience Rebound After Short Squeeze
After the U.S. CPI, Treasury yields stayed high, which is a reality check for risky assets like cryptocurrencies. Bitcoin (BTC) made a big comeback late Thursday, even though most people thought it would keep falling after the U.S. consumer price index (CPI) came in higher than expected. As a knee-jerk reaction to the news, the […]