Tag Archives: tesla

The recent boom in institutional interest in Bitcoin and cryptocurrencies might be a fresh sign that the market needs crypto regulations. SEC Commissioner Hester Peirce pointed out that the wide range of investors would also improve price formation.Institutional Interest as the Long-Awaited Sign for Crypto RegulationsUS Securities and Exchange Commission (SEC) commissioner Hester Peirce has said that there is a need for precise cryptocurrency regulation. According to a recent news report, the...

The recent news regarding Tesla’s big bitcoin purchase appears to have every major company and financial organization thinking about digital currency. The latest one with bitcoin on the brain is New York-based BNY Mellon, one of the largest and oldest banks in the United States.BNY Mellon Is Offering the Crypto World More LegitimacyBNY Mellon currently manages more than $2 trillion in assets, though up to this point, none have been digital. Now, the company says it will begin holding bitcoin...

At the time of writing, bitcoin – the world’s largest and most powerful digital currency by market cap – has experienced a bit of drop and is now trading for roughly $44,000 per unit.Bitcoin Has Experienced a Slight DropWhile this still may seem like a big number in anybody’s eyes, the fact is that just a few days ago, the currency was selling for roughly $47,000, about $3,000 higher than where it stands now. What this shows us it that bitcoin is still vulnerable to market-related news and...

Tesla has just bought a whole lot of bitcoin for itself, but according to a report by JPMorgan, people shouldn’t expect this move to be repeated by other major companies, as bitcoin is still too volatile to take seriously.JPMorgan Is Doubtful That Tesla Made Any Serious HeadwayThe electric car company owned and operated by South African entrepreneur Elon Musk recently made a real dent in the crypto space when it decided to purchase roughly $1.5 billion worth of the world’s number one digital...

Bitcoin is making a huge mark on the financial industry as of late. This is potentially due to recent activity from electric car company Tesla, which has purchased as much as $1.5 billion worth of the currency in the past week. The company is also looking into possibly allowing bitcoin as a method of payment for goods and services. General Motors – one of Tesla’s biggest competitors – has now come out to say that while it won’t be investing in the digital asset anytime soon, it will closely...

To say that the last week was interesting in the cryptocurrency market would be a massive understatement. Bitcoin almost reached $50K, Ethereum shot past $1800, BNB peaked at around $150 – these are just some of the highlights.Starting off, a few days ago, Bitcoin received perhaps what might be considered as its major endorsement in the recent years – Tesla revealed a bitcoin buy worth $1.5 billion in January. That’s right – one of the world’s largest public companies allocated around 15% of...

Everyone is talking about Tesla and bitcoin. While the news is more than 48 hours old, many are commenting that the latest move from the electric car company and its CEO Elon Musk is going to mark a significant time for the world’s leading digital currency by market cap.Tesla and Bitcoin Are Becoming the Perfect MatchThe currency has been making real waves for itself in the land of institutional investors, many of whom now see BTC as a hedge tool or store of wealth rather than just a...

For anyone who had doubted bitcoin in the past, now is the time to feel foolish considering the world’s number one digital currency by market cap has just incurred another major surge that sees it trading at a new all-time high of roughly $47,000.Bitcoin Just Keeps Heading HigherThis is about $5,000 more than where it was trading just 24 hours ago. The currency is experiencing another major burst after it was announced that Tesla – the electric car company owned and run by South African...

The recent bitcoin purchase initiated by Tesla is a big deal in many industry experts’ eyes, and what’s ironic about it is that with the purchase, the electric car company only trails MicroStrategy in terms of how much bitcoin it owns. Right now, Tesla has bought about $1.5 billion, which is a huge number on paper, but it pales in comparison with the BTC ownership of MicroStrategy, which is about $3.1 billion at the time of writing.MicroStrategy Is Still the BTC KingThe interesting thing...

While Tesla’s $1.5 billion bitcoin purchase shook the world, a Reddit user also caused disturbance as it seemed that he predicted the move a month before it was announced. Giant mass media outlets like Reuters and Bloomberg picked up on the story, but the user later admitted that it was a prank, and he was actually on LSD when he wrote it.What The Media Thought It HappenedElon Musk’s Tesla became the latest giant company to allocate billions of dollars in bitcoin, as revealed earlier this...