After a fruitful January, the cryptocurrency market started trading sideways in February. With most coins in their correction phase currently, the overall market cap is down to $1 trillion. Parallelly, Bitcoin, the market’s most prominent digital asset, has lost ~5% of its value over the past week. Even though the market is currently wobbly, bullish […]
In its latest earnings report, Tesla disclosed it did not buy or sell any Bitcoins in the last quarter of 2022. Reporting from Decrypt, Friday (27/1/2023), Tesla experienced an estimated USD 34 million in impairment costs as the value of Bitcoin holdings fell to $184 million from $218 million in the third quarter of 2022. […]
Venture capital firm Peter Thiel reportedly made $1.8 billion closing its crypto positions last year or around the time the initial Bitcoin bulls were still predicting the token price would jump 100 times. Founders have cashed out almost all of their bets on digital assets in March 2022, according to a Financial Times report citing […]