Month: April 2024

Tesla didn’t sell Bitcoin holdings despite plunge in Q1 earnings

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The largest electric vehicle (EV) manufacturer, Tesla, released its financial report for Q1 2024 with no signs of selling any of its Bitcoin (BTC) holdings while its total revenue plunged. According to the report, Tesla’s total revenue declined by 15.3% between Q4 2023 and Q1 2024 — falling from $25.1 billion to $21.3 billion. The company’s total gross profit plunged from $4.4 billion to $3.6 billion over the past two quarters. However, despite the decreased revenue, Tesla didn’t sell any of its 9,720 BTC holdings, per data from Bitcoin Treasuries,…

Potential surge for LTC, SOL, and Milei Moneda amid market recovery

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Market experts predict Litecoin could hit $290.67, Solana might reach $417.14, and Milei Moneda’s presale promises both short and long-term gains in 2024. Three altcoins that analysts say are well-positioned for a quick recovery are Litecoin (LTC), Solana (SOL), and the new entrant Milei Moneda (MEDA). According to experts, with growing interest and adoption and anticipated price increases, these tokens could help investors realize gains of up to double…

Bullish On Polkadot: Analyst Sees DOT Hitting $15 Soon

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Polkadot (DOT), the interoperable blockchain platform designed for connecting different blockchains, is currently caught in a tug-of-war between technical indicators suggesting a potential price dip and bullish predictions from some analysts. Recent price movements paint a somewhat gloomy picture. DOT breached the lower boundary of its ascending trend channel, a technical indicator often interpreted as a sign of weakening momentum. Trading volume also leans bearish, with sellers dominating the market and putting downward pressure on the price. Support seems to be holding around $6.30, but resistance sits stubbornly at $9.40,…

ICO yn dirwyo dau gwmni cyfanswm o £340,000 am wneud galwadau marchnata ymosodol a digroeso

  Bron 1.43 miliwn o alwadau wedi’u gwneud dros gyfnod o 13 mis Derbynwyr y galwadau ffôn i gyd ar gofrestr “peidio â ffonio” y Deyrnas Unedig Tystiolaeth bod pobl oedrannus a bregus wedi’u targedu.  Mae Swyddfa’r Comisiynydd Gwybodaeth (ICO) wedi rhoi dirwy o £240,000 i gwmni Outsource Strategies Ltd (OSL) o Gaerdydd a £100,000 i Dr Telemarketing Ltd (DRT) o Lundain, ar ôl i’r cwmnïau wneud cyfanswm o bron i 1.43 miliwn o alwadau i bobl ar gofrestr “peidio â ffonio” y Deyrnas Unedig, sef y Gwasanaeth Dewisiadau Ffôn…

South African Regulator Licenses 75 Institutions as Crypto Asset Service Providers

South Africa’s Financial Sector Conduct Authority said on April 22 that it has approved 75 institutions to be licensed as crypto asset service providers (CASPs). The regulator said the unveiling of licensed CASPs is intended to dispel misconceptions arising from the supposedly misleading media reports. FSCA Continues to Receive License Applications The Financial Sector Conduct […] Source CryptoX Portal

ICO fines two companies a total of £340,000 for making aggressive and unwanted marketing calls

  Almost 1.43 million calls made over a 13-month period Recipients of phone calls all on the UK’s “do not call” register Evidence of elderly and vulnerable people being targeted. The Information Commissioner’s Office (ICO) has fined Cardiff-based Outsource Strategies Ltd (OSL) £240,000 and London-based Dr Telemarketing Ltd (DRT) £100,000 after the companies made a total of almost 1.43 million calls to people on the UK’s “do not call” register, the Telephone Preference Service (TPS). The calls, all made between 11 February 2021 and 22 March 2022, resulted in 76…

Bitcoin (BTC) Bulls Pin Hopes on Weaker Dollar to Extend Rally

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The U.S. dollar is a global reserve and invoicing currency, playing a major role in international debt, non-bank borrowing, and global trade. When the dollar appreciates, USD-denominated debt becomes expensive, which, in turn, disincentivizes risk-taking in financial markets. A weaker dollar has the opposite effect. As such, over the years, bitcoin and the broader crypto market have tended to move in the opposite direction of the DXY, just as stocks and gold. Original

HBAR Token Price Soars 96% After Misinterpreted Blackrock Announcement

A misinterpreted announcement by the HBAR Foundation suggested that Blackrock’s ICS US Treasury Fund was tokenized on the Hedera blockchain in partnership with Archax and Ownera, leading to a significant misunderstanding and a 96% increase in the HBAR token price within 24 hours. However, Blackrock had no direct involvement in the tokenization process, as clarified […] Source CryptoX Portal