Day: February 10, 2021

“We don’t plan to invest in Bitcoin,” says CEO of company that made the Pontiac Aztek

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Mary Barra, who has served as the chief executive officer of General Motors for seven years, said the company has no immediate plans to emulate Tesla’s Bitcoin purchase. During GM’s Q4 2020 earnings call today, Barra said the firm would monitor demand for customers wanting to pay for vehicles using Bitcoin (BTC), but didn’t intend to make a massive crypto purchase like Tesla just yet. “This is something we’ll monitor and we’ll evaluate,” she said. “If there’s strong customer demand for it in the future, there’s nothing that precludes us…

Bitcoin Market Cap Surpasses Tesla, Here’s Which Companies Are Next

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Bitcoin is unstoppable and over the last year its market cap has doubled and then some. The massive flood of capital has caused the market cap o the scarce cryptocurrency to now surpass many major publicly traded corporations and even fiat currencies. The most recent wave of buying has been driven by news that Telsa had acquired $1.5 billion worth of BTC, but ironically, the momentum pushed Bitcoin’s market cap beyond that of the Musk-led automaker. Here’s what few companies and assets remain ahead of the first ever cryptocurrency. Bitcoin…

Youngest HODLer ever? Elon Musk buys DOGE for his 9-month-old son

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Elon Musk’s child with Canadian musician Claire Elise Boucher, or Grimes, may now be one of the youngest public crypto users on record. In a tweet today from the Tesla CEO, Musk said his 9-month-old son is now the proud — or maybe just fussy — owner of some Dogecoin (DOGE), referring to him as a “toddler HODLer.” The boy, born last May, is named X Æ A-Xii — pronounced “ex ash eh twelve” — with the last two syllables an homage to Lockheed’s A-12 aircraft. Bought some Dogecoin for…

Price analysis 2/10: BTC, ETH, ADA, XRP, DOT, BNB, LTC, LINK, DOGE, BCH

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Bitcoin and select altcoins are witnessing profit-booking at higher levels, a signal that a short phase of consolidation could occur over the next few days. Bitcoin’s (BTC) market capitalization topped $889 billion on Feb. 9, pushing BTC above the value of Tesla and the Russian ruble, according to data from AssetDash. The current rally is longer limited to Bitcoin as several altcoins have been surging in the past few days. This shows the buying interest is broad-based and today the total crypto market cap surpassed $1.4 trillion. While the positive news flow…

Bitcoin Pizza, Meet Bitcoin Tesla: Someone Bought a Model S in 2013 for 91.4 BTC

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A Tesla has sold for bitcoin before, perhaps with a side of buyer’s remorse. Back in 2013, Lamborghini Newport Beach sold a Tesla Model S Performance for 91.4 BTC at an exchange rate of $1,126 per coin, according to a CNN Business report at the time. The Model S retailed at the dealer for $103,000. Elon Musk sparked a conversation on the payments role of the original cryptocurrency after his electric vehicle firm announced a $1.5 billion purchase of bitcoin earlier this week. Not only that, but Tesla has plans…

The Many Facts Pointing to Chainlink’s Sergey Nazarov Being Satoshi Nakamoto – Featured Bitcoin News

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During the last few years, smart contracts and blockchain oracles have transformed the crypto industry, and one specific project called Chainlink is the most widely used oracle network to-date. Another interesting thing about Chainlink is the project’s creator, Sergey Nazarov has been a Satoshi Nakamoto suspect in recent times. Last year, a number of reports attempted to prove that Nazarov could be Bitcoin’s creator by leveraging circumstantial evidence and speculation. Chainlink Founder Sergey Nazarov Deemed a Satoshi Suspect Over the last few years, news.Bitcoin.com has written extensively on what some…

Don’t expect large firms to follow Tesla’s Bitcoin move, JPMorgan says

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Strategists at JPMorgan Chase, one of the largest investment banks in the United States, believe that Tesla’s $1.5 billion Bitcoin (BTC) purchase will not necessarily trigger a ton of similar investments. A group of JPMorgan strategists led by Nikolaos Panigirtzoglou reportedly argued that Bitcoin’s highly volatile nature could keep mainstream corporate treasurers away from Bitcoin. “The main issue with the idea that mainstream corporate treasurers will follow the example of Tesla is the volatility of Bitcoin,” the strategists wrote in a note to investors, Bloomberg reported Tuesday. According to JPMorgan,…

Blue Ridge Bank Shares Halted by NYSE After Bitcoin ATM Announcement

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The New York Stock Exchange (NYSE) halted trading of Virginia-based Blue Ridge Bank’s stock (BRSB) after a spike in trading activity Wednesday, the company told CoinDesk in an email.  “NYSE told us the company’s stock reacted to the news and due to the volatility, a Limit Up/Limit Down (LULD) trading halt was triggered,” said Blue Ridge external spokesperson Jon Amar. “The LULD is a 5-minute trading pause. Currently, the stock is trading up approximately 5% on 75K shares vs. its 30 Day ADV of 10K shares.” The NYSE did not…

Twitter Mulling Making Bitcoin Purchase, Says Company CFO

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Ned Segal, Twitter’s chief financial officer (CFO) revealed that the social media giant was considering purchasing bitcoin, shortly after Tesla’s made a billion-dollar BTC investment. Twitter Could Add Bitcoin to Balance Sheet Based on Demand Speaking in an interview on CNBC’s Squawk Box on Wednesday (Feb. 10, 2021), the Twitter CFO stated that the company was considering bitcoin to its balance sheet. Meanwhile, Segal noted that one of the important factors the company would consider before making the decision was if there were requests to carry out transactions with Twitter…