Tesla’s in, but who’s next to buy Bitcoin?
Following Tesla’s $1.5 billion purchase of Bitcoin, the internet is awash with rumors on which high profile corporate entity is next.However, even at this stage of the game, corporate BTC buys attract controversy from the trad-fi diehards. They voice concerns about lowering dollar liquidity...
Crypto Lender BlockFi Launches Bitcoin Trust
BlockFi’s annual fee falls 0.25% below what industry leader Grayscale Bitcoin Trust (GBTC) charges investors as BlockFi aims to compete with GBTC for the top spot.BlockFi, the crypto lender and financial services firm, announced on February 9 it has launched a Bitcoin trust managed...
Tesla Day 1 Bitcoin (BTC) Earnings at $500M, Close to Its 2020 Earnings of $720M
Tesla’s BTC purchase pushed Bitcoin 20% up in a single day thereby giving nearly $500 million returns in a very short time. Tesla’s entry has sparked speculations of big corporations joining the BTC bandwagon in the near future.A day after Tesla Inc (NASDAQ: TSLA)...
MicroStrategy CEO Launched Free Online Course about Bitcoin
Called “Bitcoin for Everybody”, the course promises to teach “Bitcoin economics, investment, philosophy, and history, as well as its technical and practical components,” in 12 hours.Michael Saylor, CEO of the largest independent publicly-traded business intelligence company MicroStrategy Incorporated (NASDAQ: MSTR), has launched a new...
Crypto.com Integrates Its Crypto Pay and DeFi Swap Products for Increased Value Addition
Besides the existing benefits that Crypto.com Pay offers in terms of low gas fees, processing fees, and cashback to both users and merchants, the exposure to DeFi tokens broadens the parties’ coverage.Malta-based cryptocurrency exchange Crypto.com has announced the integration of its Crypto Pay and...
JPMorgan: Entrance of Tesla into Crypto Space Will Not Lead to Influx of Institutional Investors
JPMorgan’s strategists were quick to identify the fact that Tesla’s entrance into the crypto space was a major positive factor for the industry.Many crypto analysts and enthusiasts have remained giddy and shown a positive outlook to the news of Tesla’s acquisition of the leading...
Michael Saylor promotes economic empowerment with free “Bitcoin for Everybody” course
Michael Saylor has made many worthy contributions since bursting onto the cryptocurrency scene. His latest, the free “Bitcoin for Everybody” course, intends to give beginners a basic rundown of the leading cryptocurrency.In a tweet, Saylor said the course would help those looking to get...
Wall Street Journal commenters lambast $1.5 billion Bitcoin purchase by Tesla
Yesterday, Tesla shocked the crypto space when the firm was revealed to have purchased $1.5 billion—yes, billion—worth of Bitcoin.As reported by CryptoSlate previously, a filing with the US Securities and Exchange Commission (SEC) said that the firm had purchased this Bitcoin to provide “more...
Bitcoin (BTC) Hits $47K in Latest Tesla-fueled Surge
Bitcoin surge is Tesla-fueled according to some analysts as the price of the digital coin started to rise just minutes after Tesla broke the news.Bitcoin saw an unprecedented rise in the latest Tesla-fueled surge, driving its price through $45K and $46K to touch $47,513.57,...
TSLA vs BTC: Bitcoin Valuations Surge Past Tesla after Its BTC Purchase
Tesla’s Bitcoin purchase has provided Bitcoin the much-needed catalyst to break past all resistance and hit a new all-time high at $47,500. With over a 22% rally in the last 24-hours, BTC overtakes Tesla’s valuations.On Monday, February 9, the world’s largest automobile company Tesla...