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…
Category: Crypto News
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…
Square has stated that it will begin work on the new tool for Bitcoin. Jesse Dorogusker (square’s hardware leader, and Tweet’s CEO), announced in a tweet on 9 July, that the agency would begin building a new hardware wallet. The agency will also provide follow-up services for cryptocurrency Bitcoin. The Bitcoin hardware software program is used to hold…
Square, which provides the Cash person to person digital payments app, as well as the Square card reader , point-of-sale and credit card reader , is now looking at bitcoin hardware wallets for its next venture. Jesse Dorogusker (square’s hardware lead), announced the news via Twitter on July 8, 2021. According to Dorogusker, the company had…
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…