Tesla’s Bitcoin Strategy and Its Impact Leading electricity car manufacturer Tesla has revealed it has converted 75% of its Bitcoin holdings into fiat currency, selling $936 million worth, the company reported Wednesday in its earnings report. “As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency. Conversions in Q2 added $936M of cash to our balance sheet,” the company said in the earnings presentation. At the end...Continue Reading
Crypto Technology Endorsed by Australian Central Bank Governor The governor of Australia’s central bank, Phillip Lowe, has stated that a private solution could be “better” for cryptocurrencies and blockchain technology, as long as the risks in dealing with these sectors can be mitigated by strong and proper regulations, however the tech should be made by private companies. At a recent congregation at the G20 financial meeting in Indonesia, Lowe let his opinions be known throughout the...Continue Reading
What is Celsius? Per CoinMarketCap, Celsius originally came into being as the product of creators Alex Mashinsky and Daniel Leon in 2017. Mashinsky has a long-running history in the internet development sphere, having worked on the Voice Over Internet Protocol (VOIP) in the 1990s and other technologies since. Celsius is far from Mashinsky’s first corporate venture, with seven startups and 35 patents to his name, the project’s official website states. Co-founder and COO Daniel Leon...Continue Reading
What is Voyager? Voyager is a “fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 100 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 40 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe”. ...Continue Reading
China’s largest city with a population over 26.32 million has decided to rely on blockchain and the metaverse to accelerate the nation’s economic growth. The metaverse refers to an immersive virtual world, where digital representations of people can interact with each other like they do in real life. Virtual reality (VR) and augmented reality (AR) technologies are regarded as fundamental to the development of the metaverse, which is also considered as the next iteration of the...Continue Reading
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