Category: Crypto News

Tesla Q2 earnings: Elon Musk’s EV company books $23M in Bitcoin impairment; holds BTC worth $1.3 billion

Tesla, owned by Elon Musk, has reported $23 Million in impairment due to Bitcoin in its second-quarter operating income. This was in response to the drop in Bitcoin’s price to $30,000 in June. According to Financial Express Online’s 10-K form, filed with the Securities and Exchange Commission (SEC), digital assets such as Bitcoin are classified…

As Bitcoin Prices Slide Amid A Market Slowdown, Crypto-Charged Robinhood Seeks $32 Billion IPO Valuation

According to an updated Securities and Exchange Commission filing, Robinhood is expecting to make $2 billion from its initial public offering. This was published Monday, July 19. The eight-year-old fintech giant expects to achieve a $32 Billion valuation with an initial offering price of $38 to $42 per share. This is despite the fact that crypto markets have…

Binance Deploys Crypto Monitoring ‘Traveler’ System to Comply With FATF Travel Rule

Binance, the biggest cryptocurrency exchange on the market, has announced that Traveler will be implemented. This system will allow them to comply with the Financial Action Task Force’s Travel Rule. Traveler was created by Ciphertrace, an analytics company that uses blockchain technology. Ciphertrace claims that Traveler automates compliance with FATFs mandate by automatically connecting and identifying…