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Tesla now one of the world’s biggest Bitcoin investors with a £1.5bn stake in the digital currency By Daily Mail City & Finance Reporter Published: 21:50 GMT, 7 February 2022 | Updated: 22:01 GMT, 7 February 2022 Crypto stake: Electric car maker Tesla initially invested in bitcoin in the first quarter of 2021 Tesla owned … Read more
Ownership of Bitcoin is highly concentrated, with just 0.01 percent of all holders controlling 27 percent of the cryptocurrency, a new study has found. The top 10,000 Bitcoin accounts hold 5 million Bitcoins, worth about $232 billion at current prices, according to the recent study by the National Bureau of Economic Research. This level of concentration … Read more
Why Aussies are giving each other CRYPTO for Christmas – and the digital currencies you should choose New data revealed Aussies are gifting digital money this Christmas Crypto.com surveyed 2,000 people who have bought cryptocurrency this year 26 per cent are pondering gifting crypto coins instead of cash or presents General manager Karl Mohan said … Read more
Major British retailers are claimed to be among 40 companies who are set to give online shoppers cashback in bitcoin from next spring. The crypto rewards scheme will give Britons the option to use a QR-code based system at the checkout, and is operated by London-based open banking firm Mode. The fintech company already has partnerships … Read more
‘In New York we always go big!’ Mayor-elect Eric Adams announces he’ll take first three paychecks of his $260k salary in BITCOIN in bid to make NYC global crypto hub – two days after Miami mayor vowed to do the same Adams said on Thursday that he would take his first three paychecks in Bitcoin … Read more
Founders of South African Bitcoin exchange Africrypt ‘disappear with $3.6billion in currency after telling investors they were hacked in April’ Brothers and founders Ameer and Raees Cajee are uncontactable, lawyers say Investors hired a law firm to investigate after being informed of a hack in April One of the brothers told investors not to report … Read more
Bitcoin has rebounded after a volatile session in which it fell below $30,000, recovering losses sparked a day earlier when China’s central bank deepened a crackdown on cryptocurrencies. On Wednesday morning, Bitcoin rose as much as 17 percent, to $34,818, surging a day after hitting its lowest level since January. Bitcoin supporters said that the correction was … Read more
Bitcoin has rallied after plunging below the $40,000 mark for the first time in more than three months, as Tesla boss Elon Musk insists the company will not sell any of its holdings in the cryptocurrency. Bitcoin rebounded on Wednesday afternoon, hitting $40,400 after sinking as low as $30,201.96 in a panicked sell-off spurred by a … Read more
Bitcoin plunges in value as China starts cryptocurrency crackdown just days after Elon Musk said Tesla would not accept digital currency China announced bitcoin will not be allowed in transactions due to fluctuations Financial institutions also warned investors against trading in cryptocurrency Elon Musk announced last week Tesla would not accept bitcoin as payment He … Read more
Elon Musk’s net worth takes a $20 BILLION nosedive after a one-two punch: Tesla no longer taking Bitcoin and the SNL appearance when he called dogecoin a ‘hustle’ The Tesla CEO is $20 billion poorer since hosting SNL last weekend Musk was worth $166 billion prior to his May 8 appearance, since then shares of … Read more