According to the statement, DCB recently contacted the Near Foundation to advise it that USN had become undercollateralized, a condition that is “inherent” with algorithmic stablecoins, especially in “extreme market conditions.” DCB further confirmed, according to the foundation, that there was also double-minting of USN, which contributed to the undercollateralization. Source
Meta should address investor concerns about Instagram usage headwinds, spending on building the metaverse given the perceived lack of user traction, high capital expenditures that are impacting free cash flow (FCF), Reels content quality and margins and progress and a timeline for targeting improvements, the note added. Source
Soluna said it plans to use the proceeds for acquiring, developing and increasing data centers, including cryptocurrency mining processors, other computer processing equipment, data storage, electrical infrastructure, software, real property and business, including but not limited to its development site in Texas. Source
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According to Tesla’s latest Q3 earnings report filed with the United States Securities and Exchange Commission, the electric vehicle (EV) manufacturer disclosed that it had invested a total of $1.5 billion into Bitcoin (BTC) since early 2021. Of this amount, the firm is currently sitting at a $170 million unrealized loss from the change in the fair value of its investment. This is offset by a gain of $64 million from realized profits on Bitcoin at various points in the last two years, leading to a net loss of $106…
According to Tesla’s latest Q3 earnings report filed with the United States Securities and Exchange Commission, the electric vehicle (EV) manufacturer disclosed that it has invested a total of $1.5 billion into Bitcoin (BTC) since early 2021. Of this amount, the firm is currently sitting at $170 million of unrealized loss from the change in the fair value of its investment. This is offset by a gain of $64 million from realized profits on Bitcoin at various points in the last two years, leading to a net loss of $106…
Cardano closed in on a one-week high to start the week, as the token climbed for a fourth straight session. Polygon was also in the green, and collided with a key resistance level in the process. Overall, the global crypto market cap is currently 1.30% higher as of writing this analysis. Cardano (ADA) Cardano (ADA) climbed for a fourth straight day to start the week, pushing it closer to a one-week high in the process. Less than 24 hours after falling to a low of $0.3498, the token surged to…
The latest decision to include crypto in the TASE strategic plan underscores the nation’s attitude towards digital assets and its potential in traditional finance. The Tel Aviv Stock Exchange (TASE) has today announced a new strategic plan that’ll span 2023-2027. The exchange’s previous plan published when CEO, Ittai Ben-Zeev, took office resulted in strong financial gains and TASE will look to build on that. Specifically, it grew its profit margin from 9% in 2017 to about 25% in the first half of 2022. Revenue from services also grew annually by…
Bitget, a major cryptocurrency platform, announced on Monday that it had signed a partnership agreement with Lionel (Leo) Messi, one of the most popular football players worldwide and a holder of record-breaking Ballon d’Or Awards. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. According to the press release, the partnership will allow Messi fans to explore the potential of cryptocurrency trading and Web3 opportunities. For Messi, the recipient of six European Golden…
Place/Date: London, UK – October 24th, 2022 at 3:07 pm UTC · 3 min read Contact: Alluo, Source: Alluo Alluo, the mobile and web app offering FinTech usability powered by an advanced DeFi engine, has announced their participation as a “Pillar” sponsor at the forthcoming ETH San Francisco. ETH San Francisco is the world’s biggest Ethereum Hackathon taking place between the 4th and 6th November, bringing together some of the top minds and industry experts of Web3. As a Pillar sponsor for ETH San Francisco, Alluo will provide considerable support…