Month: July 2022

Tesla sold 75% of Bitcoin holdings in Q2

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Electric vehicle maker Tesla sold most of its Bitcoin (BTC) holdings in the second quarter, according to new financial disclosures released on Wednesday. “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency,” Tesla said in its quarterly report. “Conversions in Q2 added $936M of cash to our balance sheet.” According to the financial statements, Tesla’s net Bitcoin holdings were relatively stable for three consecutive quarters. By the end of March, Tesla had $1.261 billion worth of digital assets on its books.…

How the Texas power grid is interfering with bitcoin mining

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Texas #Bitcoin #crypto Argo Blockchain CEO Peter Wall joins Yahoo Finance Live to talk about how Texas power grid disruptions are impacting the bitcoin mining ecosystem and where the most active cryptocurrency mining operations are located. Don’t Miss: Valley of Hype: The Culture That Built Elizabeth Holmes WATCH HERE: Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your…

Tech trade group calls for regulatory clarity, claiming crypto job losses threaten US interests

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The tech trade group Chamber of Progress called on members of the United States Senate and House of Representatives for regulatory clarity in the crypto space in an effort to prevent firms from leaving the country. In a Wednesday letter addressed to eight committee chairs in the House and Senate, Chamber of Progress financial policy director Janay Eyo urged Congress to consider moving forward on “substantive legislation to ensure the future of our nation’s crypto industry,” citing concerns about jobs and the country’s position as a leader in global finance.…

Minecraft Bans NFTs, Sending One In-Game Builder’s Token Spiraling

“To ensure that Minecraft players have a safe and inclusive experience, blockchain technologies are not permitted to be integrated inside our client and server applications, nor may Minecraft in-game content such as worlds, skins, persona items, or other mods, be utilized by blockchain technology to create a scarce digital asset,” Minecraft studio Mojang said in a statement. Source

UK financial markets bill authorizes regulation of stablecoins, service providers

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The Financial Services and Markets Bill was introduced into the UK Parliament on July 20. The comprehensive bill, which was meant to preserve the UK’s leading place in the financial world post-Brexit, repealed retained EU laws, reformed certain insurance laws, supported victims of financial fraud and established new growth and competitiveness objectives. The bill also regulated stablecoins.  The presence of stablecoin regulation in the bill was confirmed the evening before in the programmatic speech delivered by Chancellor of the Exchequer Nadhim Zahawi. Although stablecoin regulation was intended to be part…

Nominate Your School for the 2022 Best Universities for Blockchain

Against this backdrop, CoinDesk is kicking off its third annual Best Universities for Blockchain ranking. We are seeking nominations for any university with blockchain courses, faculty, clubs, conferences or research. How much has the growing interest in cryptocurrencies and non-fungible tokens entered the college campus? CoinDesk has been tracking university blockchain activity since 2020. We will be scoring schools worldwide for their scholarly impact, campus blockchain offerings, employment and industry outcomes and other measures. Source

Nominate Your School for the 2022 Top Universities for Blockchain

Against this backdrop, CoinDesk is kicking off its third annual Top Universities for Blockchain ranking. We are seeking nominations for any university with blockchain courses, faculty, clubs, conferences or research. How much has the growing interest in cryptocurrencies and non-fungible tokens entered the college campus? CoinDesk has been tracking university blockchain activity since 2020. We will be scoring schools worldwide for their scholarly impact, campus blockchain offerings, employment and industry outcomes and other measures. Source link

Bullish Rally Sees It Climb to Sixth Spot by Market Cap

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On CoinMarketCap, XRP has risen to sixth place as of today, July 20, with a market value of $17.63 billion. Being able to exceed not just Binance USD but also Cardano and Solana is a noteworthy accomplishment for Ripple’s native currency. Ripple’s native token, XRP, provides a means of payment settlement between banks and digital assets exchanges. It decreases the number of extra steps needed when transferring money internationally, which leads to lower fees. Related Reading | Solana And Avalanche Poised For Gains As Crypto Market Enjoys New Tailwinds However, by breaking…

Short Positions Over $165 Million Get Liquidated Following The Bitcoin And Ethereum Uptrend

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No one can say that the crypto winter is over yet, But the good news is that Bitcoin and ETH seem to have gained significant momentum in the past 24 hours. This greenish price movement has caused many investors to liquidate their short positions. Another good news is that the global crypto market cap that plummeted recently has gained $150 Billion. Now it is more than 1 Trillion. Ethereum Price Gains As Bitcoin Surges As per available data on CoinMarketCap, BTC price at the time of writing is on the…