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The World Cup fever starts to hype up in Qatar. As one of the sporting industry’s most anticipated major football leagues, fans are excited about the intense competition among the participating teams. This year, the World Cup will have 64 intense matches in different cities in Qatar, the first country in the Middle East to […]
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 […]
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 […]
Elon Musk Maintains Position On Terminating Twitter Acquisition
A filing says that the letter from Elon Musk follows one that was sent in July in case the first one is found to be invalid. According to a filing with the U.S. Securities and Exchange Commission on Tuesday, Elon Musk, the CEO of Tesla (TSLA), sent a second letter to cancel his $44 billion […]
Block, Blockstream partner with Tesla to mine Bitcoin with solar power in Texas
According to CNBC, Blockstream and Jack Dorsey’s Block, (previously Square) have partnered to build a Bitcoin mining facility that will use Solar energy from Tesla’s solar and storage technology in Texas. At the Bitcoin 2022 conference in Miami, Blockstream co-founder and CEO Adam Back, a British cryptographer and member of the “cypherpunk” group, told CNBC […]