Day: April 20, 2023

Tesla’s Bitcoin (BTC) Holding Remains Unchanged in Q1 2023 for Second Consecutive Quarter

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Tesla purchased its first Bitcoin holdings worth approximately $1.5 billion amidst the 2021 crypto bull market. Tesla Inc (NASDAQ: TSLA) reported its Q1 2023 financials on Thursday, April 19. Interestingly, the electric vehicle behemoth has not touched its Bitcoin (BTC) holding for the last six months. Notably, Tesla reported a Bitcoin holding worth approximately $184 million during the first three months (Q1 2023), similar to the last quarter of 2022. However, the current company’s Bitcoin holdings are a significant drop from last year’s Q1 bag which was worth approximately $1.261…

Bitcoin led Q1 2023 with highest returns as altcoins tumbled

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied According to the most recent Coingecko analysis, bitcoin (BTC) was the asset that had the greatest return on investment during the first three months of 2023 as stablecoins tumbled.  Bitcoin’s value in US dollars increased from just under $17,000 on December 31, 2022, to over $28,000 on March 31, 2023. According to the article, the revival of the cryptocurrency asset may be attributed to “increased volatility from the banking crisis” and to the decision made by Binance to…

Tesla sold none of its $321m worth of bitcoin in Q1

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tesla’s Q1 update has revealed that it is holding onto its $321 million worth of bitcoin. This marks the third consecutive quarter that Tesla has kept its crypto holdings the same, purportedly due to the company’s decision not to buy or sell in the first quarter of 2023.  According to the Q1 update, the digital assets held by the company at the end of the first quarter of 2023 remained flat at $184 million, despite the…

Sotheby’s to Auction 3AC’s NFT Collection, Including Larva Labs’ Zombie Punk and Dmitri Cherniak’s ‘Golden Goose’ – Bitcoin News

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On Wednesday, Sotheby’s, one of the world’s largest brokers of fine and decorative art, announced its plans to auction a number of non-fungible token (NFT) assets that were previously owned by the now-defunct crypto hedge fund Three Arrows Capital (3AC). The auction, called the “Grails” NFT collection, will take place during Marquee Sale Week at the firm’s New York location. Sotheby’s Introduces the ‘Grails’ NFT Collection In July of last year, the crypto hedge fund Three Arrows Capital (3AC) filed for bankruptcy protection, and Teneo took over as the liquidator…

Societe Generale launches euro-pegged stablecoin on Ethereum

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Societe Generale, a major French banking and financial services firm, is launching an Ethereum-based stablecoin through its dedicated digital asset arm. Societe Generale-Forge (SG-Forge) announced the launch of EUR CoinVertible, the euro-pegged stablecoin targeting institutional clients, on April 20. The EUR CoinVertible stablecoin will be traded under the ticker symbol EURCV. The new digital asset will be only available to investors onboarded by Societe Generale through its existing Know Your Customer and Anti-Money Laundering procedures. “In the weeks to come, Societe Generale-Forge will assess the interest from prospective clients and…

Blockchain Polymesh Wins Binance as Node Operator on its Layer-1 Blockchain

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American rapper Soulja Boy accused of scam Twitter promotions and NFT drops

On-chain sleuth @zachxbt has brought to attention that American rapper Soulja Boy has been scamming people with his 16 NFT drops and 73 promotions on Twitter. The rapper is said to have participated in multiple pump-and-dump schemes where he advertised projects and enticed his fans to invest in them just to quit them soon after, leaving his supporters with worthless investments. Soulja Boy accused of Twitter, NFT scams The rise of NFTs has brought with it an increase in numerous scams and fraudulent activities. Rapper Soulja Boy has joined the…

BAKKT gains $500m in crypto custody

Bakkt Holdings, Inc. has gained half a billion U.S. dollars in cryptos under custody after completing the Apex Crypto acquisition process.  The acquisition of Apex Crypto is the latest significant change in Bakkt aimed at expanding the clients’ drive scale and verticals and bolstering the path for greater profit margins. Bakkt acquired the new addition at a $150 million fee, a $40 million bonus option, and 500 million crypto custody.  Bakkt Holdings, Inc., the American corporation listed on the New York Stock Exchange (NYSE) under the ticker symbol BKKT, attracted…

Subway-themed trading bot makes millions using ‘sandwich’ attacks

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An anonymous Maximal Extractable Value (MEV) bot operator has cashed in well over $1 million this week by executing “sandwich attacks” against buyers and sellers of two new meme coins. The wallet address, linked to the Ethereum Name Service (ENS) domain “jaredfromsubway.eth” made $950,000 from the sandwich attacks on April 18 and profited about $300,000 and $400,000 on April 17 and 19 respectively according to an April 19 tweet from nonfungible token (NFT) data platform Sealaunch. After closing the day of yesterday with a profit close to $1M, jaredfromsubway.eth MEV…