A crypto crutch for Tesla? How a 30% Bitcoin rally is propping up a challenging earnings picture
Tesla’s Bitcoin (BTC) holdings are now worth ~$1.2 billion after a 30% BTC price rally in Q2. A new US accounting rule (FASB) now allows Tesla to report the fair market value of its crypto holdings quarterly. Tesla has not bought or sold any Bitcoin for eight straight...
Obama-Russiagate Hoax Accusations Erupt: Prediction Markets Wager on Possible Indictments
Former U.S. President Barack Obama was recently accused of colluding with members of his administration to fabricate what has been termed Russiagate, following a report alleging that Russia was involved in meddling with the 2016 presidential election. Prediction...
BTC dips below $118k as $120k resistance level holds
Key takeaways BTC dips below $118k as altcoins record huge losses. The leading cryptocurrency could drop below the $116k support level if bearish sentiment grows stronger. Bitcoin stagnates around $117k as altcoins bleed The cryptocurrency market has been bearish over...
South Korean Regulator Urges ETF Managers to Scale Back Exposure to Crypto-Related Companies
A South Korean financial regulator has issued verbal guidance to domestic asset management companies, advising them to limit the proportion of cryptocurrency-related stocks in their exchange-traded funds. Rising ‘Coin Theme’ Stock Inclusions Spur Caution...Interesting 13
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