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Tesla said that it investment an aggregate of $1.5 billion in bitcoin in the first quarter of 2021. Tesla recorded around $101 million of impairment losses from changes in the value of their bitcoin holdings in 2021. Elon Musk's electric vehicle company disclosed these losses ina filing with Securities and Exchange Commission(SEC) explaining how its digital asset holdings could affects...
Press release Solidus Technologies has boosted its pipeline of strategic partnerships with the announcement of a cooperation with leading global cyber-security firm Cyber Smart Defence (CSD). Solidus AI Tech, the AI arm of the company, welcomed CSD founder and CEO Mădălin Dumitru as its cyber-security advisor to ensure the security and data protection of the company’s High-Performance Computing (HPC) infrastructure....
The popular bridge for connecting Ethereum, Solana and more is now attempting to negotiate on-chain with the hacker. One of the most popular cross-blockchain bridges may have been the victim of a hack worth over $326 million on Wednesday. In a tweet, the project’s official Twitter handle confirmed that the bridge is currently down while the team investigates a potential...
The Reddit co-founder's 776 Management has raised two new funds and plans to make the majority of its investments in crypto startups. Reddit co-founder Alexis Ohanian’s capital venture firm 776 Management plans to focus on crypto in the coming year, having raised $500 million across two new funds. The newly launched Funds II include an early stage-focused $300 million vehicle,...
The rule was first proposed by a U.S. money-laundering watchdog FinCEN in late 2020. Treasury Secretary Janet Yellen (Anna Moneymaker/Getty Images, modified by CoinDesk) A controversial proposed rule that would enforce know-your-customer rules on unhosted or self-hosted crypto wallets may again be under consideration by the U.S. federal government. The rule was first proposed at the end of 2020 by...
A provision in the America COMPETES Act would give the Treasury Secretary the power to block U.S. firms from interacting with some crypto transactions or exchanges, if it becomes law. Rep. Jim Himes (D-Conn.) introduced a provision allowing the Treasury Secretary to block certain financial transactions to a bill aimed at spurring competition with China. (Al Drago/Bloomberg via Getty Images)...
TheInternational Monetary Fund’s board urged El Salvador to strip Bitcoin of its status as legal currency due to its large risks, highlighting a major obstacle for the nation’s efforts to get a loan from the institution. El Salvador last year sought a $1.3 billion IMF loan, but talks have been stymied by the lender’s Bitcoin concerns, and any program would...
The nation now has over 1,500 bitcoins and plans to issue a $1 billion, 10-year bitcoin bond this year. El Salvador bought 410 bitcoin for $15 million Friday, the country’s President Nayib Bukele said on Twitter. “Some guys are selling really cheap,” he added in his tweet. It is difficult to verify such claims on the public blockchain, since a...
Last week, A16z reportedly said it would raise $3.5 billion for its VC fund, as well as another $1 billion for Web3 seed investments. Last week, A16z reportedly said it would raise $3.5 billion for its VC fund, as well as another $1 billion for Web3 seed investments. A16z, a VC company with investments in Protocol Labs, Polychain Capital and...
Solana and other blockchains may snag market share from Ethereum over time, the bank said in a research note. TheSolanablockchain could become the “Visa of the digital asset ecosystem” as it focuses on scalability, low transaction fees and ease of use, Bank of America told clients in a research note after hosting Solana Foundation member Lily Liu. Solana has experienced...