The price of Bitcoin as measured in USD has gone up dramatically today as it was announced in Tesla's (TSLA) SEC 10-K filing that the company purchased $1.5 billion worth of Bitcoin. Even better? The company announced that it expects to begin accepting payment for its electric vehicles in Bitcoin in the future. Per the announcement in the filing: In January 2021, we updated … [Read more...] about Yes, Tesla Did Just Buy $1.5 Billion of Bitcoin
Coinbase Chooses Nasdaq for Direct Listing
Coinbase has chosen to go public via a direct listing with Nasdaq, with shares of the company currently trading on Nasdaq's Private Market. The value of Coinbase is up for debate, with numbers ranging from $50 billion to nearly $70 billion. 2020 revenue from the company was $2.3 billion after the company got started slowly back by offering trading only in the more "staid" … [Read more...] about Coinbase Chooses Nasdaq for Direct Listing
Any Talk of Fundamentals on $GME is Silly
The financial world remains largely abuzz over the ongoing furor surrounding Gamestop's stock (ticker: GME), online brokers like Robinhood, and the hedge funds that may have just made a huge mistake in shorting a favorite "meme stock." There's no dearth of analysis related to the market goings-on, certainly, and these are presented both from broad, human-interest angles to very … [Read more...] about Any Talk of Fundamentals on $GME is Silly
Proposed Law in India Would Ban Crypto
The legislative agenda put out by the government in India showed plans to ban all private cryptocurrencies and create a framework for an "official" digital currency that exists under the control of the country's central bank. The blow for crypto and financial freedom in India means that a huge swath of Asia will have private crypto unavailable to them. According to the … [Read more...] about Proposed Law in India Would Ban Crypto
Major Crypto Exchange KuCoin Supports XRP
While many cryptocurrency exchanges have barred trading in Ripple's XRP after an SEC lawsuit has the company and its founders in potentially hot water, there are some notable exceptions. Singapore-based KuCoin has opened up trading of XRP against the USD coin (USDC). While the exchange had to deal with a noteworthy hack last fall - during which some $281 million in assets were … [Read more...] about Major Crypto Exchange KuCoin Supports XRP
