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“# Grayscale CEO: Firms race to buy Bitcoin as mood shifts from ‘why’ to ‘why not?’ ” Grayscale CEO Michael Sonnnenshein says institutional demand for Bitcoin (BTC) has only increased, moving into 2021, following a record-breaking year that saw Grayscale’s assets under management soar to new heights. Sonnenshein told CNBC’s Squawk Box on Feb. 10…
“# Cryptocurrency market cap hits $1.4T and surpasses Google stock ” Cryptocurrency markets have hit a significant milestone shortly after Elon Musk’s Tesla officially announced their investment in Bitcoin (BTC). For the first time in history, the crypto market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization. On Feb. 10, the total…
“# Monero community wants Elon Musk to add XMR as Tesla payment option ” The Monero community has posted a proposal to add XMR as a payment option on the Tesla website. Shortly after Elon Musk’s Tesla Motors hinted that they may start accepting Bitcoin (BTC) payments its electric cars, the Monero community suggested that…
“# Crypto-friendly US senator invites Elon Musk to move to Wyoming ” Following Tesla’s groundbreaking Bitcoin announcement, pro-crypto Senator Cynthia Lummis set out the welcome mat for Elon Musk in her home state of Wyoming. Taking to Twitter yesterday, Lummis invited the Tesla and SpaceX CEO to consider relocating to “one of the most business…
“#Bitcoin hits another record high after Tesla’s $1.5B buy-in” Bitcoin touched a fresh all-time high Tuesday as Tesla’s $1.5 billion investment in the cryptocurrency pushed it further into the mainstream. Bitcoin’s price surged as high as $48,226.25 in the early morning, according to CoinDesk, continuing a rally that started Monday after Elon Musk’s electric-car maker…
“# Tesla’s $1.5B Bitcoin purchase leaves treasury experts scratching heads ” Corporate treasury commentators are criticizing Tesla’s $1.5 billion Bitcoin splurge, echoing the well-worn rhetoric of BTC’s volatility. Speaking to Financial Times, Jerry Klein, managing director at New York-based investment management firm Treasury Partners said that there was no use case for plowing corporate cash…
“# Stablecoin flows hint at $50K Bitcoin after Tesla pump liquidates $500M in BTC shorts ” Bitcoin (BTC) has extended its rally over $46,000 on Feb. 9, a day after a U.S. Securities and Exchange Commission (SEC) filing revealed that Tesla bought $1.5 billion worth of BTC. The price of Bitcoin immediately soared from around $39,000…
“# 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…
“# Major exchanges struggle as Bitcoin pumps on $1.5B Tesla investment ” Service outages have been reported at major cryptocurrency exchanges on Feb. 8, following the news that Tesla invested $1.5 billion in Bitcoin (BTC). As Cointelegraph reported earlier, news of Tesla’s sizeable investment broke after the discovery of a filing with the U.S. Securities and…
“# Bitcoin goes into ludicrous mode as it briefly flippens Tesla ” Earlier this morning, Tesla Motors announced that it had allocated part of its balance sheet to Bitcoin. Not even two hours have passed, and the crypto asset’s market cap briefly exceeded that of the car manufacturer itself. For a short time today, Bitcoin…