China’s BSN Adds Casper to Blockchain Infrastructure Network

China’s Blockchain-Based Service Network (BSN) announced that it has integrated with the Casper Network, a layer-1 proof-of-stake (PoS) blockchain that forked from Ethereum.  The integration means the Casper Network will be available to developers on BSN after its mainnet launch in the first quarter of 2021, according to the firm’s press statement, which was shared with CoinDesk.  The partnership is part of BSN’s efforts to become a global blockchain infrastructure services provider. The state-backed project aims to offer cloud services and a standardized development environment, where decentralized applications (dapp) developers…

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Bitcoin News Roundup for Feb. 8, 2021

With BTC setting new all-time high prices, ether futures launching and Elon Musk announcing Tesla’s purchase of $1.5B worth of bitcoin, CoinDesk’s Market Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Nexo.io. Electric-vehicle entrepreneur Elon Musk follows through with a $1.5 billion purchase after adding “#bitcoin” to his Twitter profile late last month. Robinhood Traders Bash the App but Just Can’t Leave It. (Bloomberg) Original

Tesla allocates 7.7% of gross cash to Bitcoin

Tesla (TSLA) sent shockwaves across the financial markets Monday after a United States Securities and Exchange Commission filing confirmed that the electric vehicle maker has added Bitcoin (BTC) to its balance sheet. Tesla’s latest Form 10-K filing for the fiscal year ended Dec. 31, 2020 shows a $1.5 billion allocation to Bitcoin. As Bitwise researcher David Lawant points out, Tesla’s BItcoin exposure represents roughly 7.7% of its gross cash position. According to the most recent 10K filing, @Tesla had cash & equivalents of $19.4 billion (gross), or $98 billion (net…

Cardano Token Pips Dot Into Fifth Place After Price Surges by 85% —Elon Musk Endorsed Dogecoin Sets New All Time High – Altcoins Bitcoin News

The Cardano network token has toppled Dot to become the crypto-asset with the fourth-highest market capitalization. This new Cardano position comes after its price surged by more than 85% from $0.35 on February 1 to $0.68 on February 7. With the new price, the token’s market capitalization has now moved from $11 billion to the $21.8 billion mark. Four Ranked Tokens As a result, the open-source blockchain’s ADA token has now become the third crypto to be ranked at number four within the first few weeks of 2021. Before ADA,…

Tesla Invests $1.5B in Bitcoin (BTC) and Set to Accept It for Payments in Future

Once Tesla accepts Bitcoin as a form of payment, it is expected to increase the demand for BTC to new heights that affects the market price directly. In an SEC filing on Monday, Tesla Inc (NASDAQ: TSLA) announced that it invested $1.5 billion in Bitcoin (BTC). The mega-tech and automobile company also revealed that it intends to accept Bitcoin as a form of payment in the near future. “As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a…

Major exchanges struggle as Bitcoin pumps on $1.5B Tesla investment

Service outages have been reported at major cryptocurrency exchanges on Feb. 8, following the news that Tesla invested $1.5 billion in Bitcoin (BTC). As Cointelegraph reported earlier, news of Tesla’s sizeable investment broke after the discovery of a filing with the U.S. Securities and Exchange Commission. This caused Bitcoin price to jump $3,000 in a matter of minutes, eventually claiming a newall-time high of $44,850. Problems were reported at a number of exchanges, including Binance, whose CEO CZ tweeted that a traffic influx was causing temporary delays while auto-scaling caught up,…

Elon Musk & Tesla Have Opened the Doors for More CEOs to Buy Bitcoin

In brief: Tesla has just announced that the company invested $1.5 Billion in Bitcoin Tesla also plans to start accepting Bitcoin as a form of payments for its products Elon Musk has destroyed the ‘career risk’ associated with buying Bitcoin CEOs of other companies will soon follow in Elon’s footsteps Michael Saylor has congratulated Elon Musk for his bold decision regarding Bitcoin Days like today, are why so many Bitcoin and crypto enthusiasts love this industry. Earlier today, the team at Tesla announced that it had invested $1.5 Billion of…