Tesla announced its Q2 2022 earnings on Wednesday, but we learned more than just the company’s financials. The electric carmaker revealed some information about its crypto holdings, including a startling revelation: Tesla had sold off most of its Bitcoin holdings in Q2. In Tesla’s latest earnings report, the company sold 75% of its Bitcoin holdings. … Continued
Solana’s speed and scalability, positive analyst sentiment, and proposed web3 Saga phone are at odds with its troubling and continual outages. At just $36, Solana (SOL) has fallen 8% in the past 24 hours, 15% over the past month, and 86% since its $259 record high in November last year. Hit by constant bugs and … Continued
As Celsius files for Chapter 11 bankruptcy protection, novice crypto investors should take heed of these three hard-won lessons. Crypto winter. Crypto collapse. And now, in the words of Celsius’ bankruptcy filing, a ‘cryptopocalyse.’ These words matter because negative sentiment can infect the crypto space like cancer. At just over $22,000, Bitcoin is worth less … Continued
Ethereum’s price could be forming a bottom as sentimental and technical analysis skittishly settles down on the bullish side. Ethereum, the much-loved younger brother of Bitcoin, has experienced a disastrous first half in 2022. The cryptocurrency hit a record £3,462 on 12 November 2021, before falling to £1,779 by mid-January. After recovering to £2,623 on … Continued
On Friday, July 1, 2022, Meta, Mark Zuckerberg’s social metaverse company, announced that it would shut down Novi, its last crypto project. Come September 1, and eleven months after its launch, the project will offer its last prayers. This announcement on Novi’s website douses Mark’s crypto ambitions incorporated in the Diem project. The Diem project, … Continued
Cardano’s steady-as-she-goes technological advancement makes for a compelling investment case. Cardano’s (ADA) price has fallen by 82% from its high of 207p in August and is now changing hands for the same 38p as it was in February 2021. But with Cardano’s blockchain tech advances continuing, ADA has price consolidated at a stable support level … Continued
Two critical factors are currently interplaying for the future of cryptocurrency in the UK. First is London’s reputation as a global financial centre. Bankers and politicians stand united in their determination to maintain this status quo. Second is the general acceptance that despite the most recent crash, crypto, and more generally blockchain technology are here … Continued
There is no question about it: the last couple of weeks have been rough for crypto investors. The leading coin, which is Bitcoin, struggles with $20,000. Ethereum, which follows up, battles $1000. The cryptocurrency market itself has dropped by 65% since Autumn. A steep sell-off in the cryptocurrency market caused a low not seen since … Continued
The technology behind bitcoin is promising. If it manages to fulfill its potential, it may forever change the world. Investing in bitcoin should be a simple proposition then. Buy as much as you can and wait until its price skyrockets. Those who truly believe in bitcoin’s promise don’t even plan to sell their bitcoin. If … Continued
