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“# Will Apple be the next company to adopt Bitcoin after Tesla? ” Earlier today, Tesla Motors announced it had made a major Bitcoin purchase and planned to introduce crypto payments in the future. Some in the industry are now speculating that Apple will be the next institutional player to adopt the crypto asset. In…
“# Tesla allocates 7.7% of gross cash to Bitcoin ” Tesla (TSLA) sent shockwaves across the financial markets Monday after a United States Securities and Exchange Commission filing confirmed that the electric vehicle maker has added Bitcoin (BTC) to its balance sheet. Tesla’s latest Form 10-K filing for the fiscal year ended Dec. 31, 2020…
“# Cardano Foundation CEO says blockchain could prevent GME-type showdowns ” The recent GameStop saga — a financial spectacle that was a good deal more contradictory than a straight-up “David vs. Goliath” tale of Redditor retail investors vs. predatory hedge funds — has sparked numerous blockchain commentators to step in to try to redirect attention to…
“# Asset tokenization project DeFi Money Market shuts its doors ” DeFi Money Market, one of the earliest projects aiming to bring real-world assets on-chain, abruptly announced last night that it has “ceased operations.” “As a result of regulatory inquiries, DMM is shutting down,” a statement on the project’s website reads. “[…] DMM regrets the…
“# Bitcoin is not a bubble anymore, Amber Group CEO says ” A number of entities have called Bitcoin (BTC) a bubble since its inception roughly 12 years ago. Michael Wu, CEO of digital asset financial services outfit Amber Group, thinks otherwise, however. “I think it’s always like this when people come into a new…
“# Going feeless is the only way to enable blockchain adoption ” Face-to-face transactions are starting to seem quaintly archaic as many countries continue or even expand lockdowns due to the ongoing COVID-19 pandemic. Since the start of the crisis in early 2020, digital transactions have surged, particularly in e-commerce and digital banking. In contrast…
“# Bitcoin will likely reach $60K in 2021, says Investing.com analyst ” Bitcoin (BTC) is likely to hit $60,000 in 2021 amid the growing mainstream adoption, according to an analyst at major financial publication Investing.com. Jesse Cohen, a senior financial analyst at Investing.com, predicted that Bitcoin will likely reach a $60,000 level in the first…
“# Germany’s blockchain initiative: How adoption became a reality in 2020 ” Germany has a very diverse, active blockchain ecosystem of companies and enthusiasts, especially in the city of Berlin. And an important step in the development of this ecosystem has been taken by the federal government itself, which tries to preserve and promote the…
“# CME chief economist hints Bitcoin is gaining ground on gold as a hedge ” CME Group’s chief economist and managing director, Bluford Putnam, recently acknowledged that Bitcoin is competing with gold as a hedge against inflation. “Gold appears to have an emerging competitor in Bitcoin,” told Bloomberg for a video released on YouTube on…
“# Late on crypto? Institutions still at early stage of Bitcoin adoption ” Institutional investors are seen to be rushing toward Bitcoin (BTC) at high speed, with more companies emerging that look to adopt Bitcoin as a way to store their reserves. Recently, Marathon Patent Group, a Nevada-based Bitcoin mining company, has bought $150 million…