Month: January 2023

Tesla recorded gains of $64 million and impairment loss of $204 million. The company has revealed it sold 75% of its Bitcoin holdings, and held BTC worth about $184 million as of 31 December 2022. The electric vehicle maker bought Bitcoin worth $1.5 billion in 2021. Tesla has revealed that the company sold most of […]

Blockchain technology is disrupting a variety of global industries through its unique ability to democratize internet ownership. Whether in crypto gaming, digital artwork, supply chain management, or cross-border finance, blockchain technology is delivering more transparency and greater control for individuals while they use online services. Crypto investors can expect major gains over the coming years, […]

The potential behind the metaverse is becoming greater as virtual and physical worlds converge. Market intelligence firm Contrive Datum Insights recently found that the global metaverse market is estimated to surpass $1.3 trillion by 2030. According to the study, this growth will be driven by newly adopted virtual economy trends, combined with the rise of […]

Bitcoin is in a 10-day long consolidation The range is extremely tight Market participants await central banks to move The past ten trading days have been extremely quiet for Bitcoin. It moved in a tight range, trading as high as $24k and as low as $22.5k. Considering the historical volatility, the range is exceptionally tight. […]

In the key principles of its upcoming regulatory framework, the Hong Kong Monetary Authority (HKNA) didn’t find a place for algorithmic stablecoins. Instead, the chief financial regulator will demand all stablecoin issuers back up their values with underlying reserve assets at all times. On Jan. 31, the HKNA issued the consultation conclusion to the discussion […]

Bitcoin consolidates ahead of key US dollar data All eyes are on the Federal Reserve January jobs report to offer more clues about a possible recession in the United States Bitcoin hovers around $23k after rallying in January. It currently consolidates, mostly because investors await news from the United States economy.  Today is the month’s […]

Crypto companies tightened their purse strings in the first month of 2023, with at least 2,900 crypto staff cut loose across 14 crypto firms in January. The latest firm to reportedly initiate a layoff is the crypto infrastructure provider Prime Trust, which has reportedly reduced its employee count by a third. The reduction would equate to […]

Embattled crypto investment firm Alameda Research is suing bankrupt crypto lender Voyager Digital in an effort to claw back loan repayments FTX made before it collapsed in November. Lawyers managing the FTX and Alameda bankruptcy case sued Voyager for $445.8 million in a Delaware court on Jan. 30. While both companies filed for bankruptcy in […]