Quarter

Tesla Takes $51M Impairment Charge for Bitcoin Holdings in Third Quarter

Tesla Takes $51M Impairment Charge for Bitcoin Holdings in Third Quarter

Electric car maker Tesla (TSLA) took an impairment charge of $51 million in the third quarter to account for its bitcoin holdings. Elon Musk’s electric vehicle company reported no new sales or purchases of digital assets, according to its 3Q earnings presentation. The company currently holds $1.26 billion in bitcoin. Bitcoin gained roughly 30% in …

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Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation

Despite SEC lawsuit against Ripple, why this was a quarter of XRP accumulation

On 22 December, SEC charged Ripple for allegedly raising funds, through the sale of XRP in an “unregistered securities offering to investors.” According to the filing, co-founder Chris Larsen and CEO Brad Garlinghouse also “effected personal unregistered sales of XRP totaling approximately $600 million.” This action instigated by the SEC resulted in the immediate drop …

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Nearly $900 million in VC went to crypto companies in the third quarter of 2020

Nearly $900 million in VC went to crypto companies in the third quarter of 2020

During the third quarter of 2020, $897.7 million in venture funds were allocated across 212 crypto and blockchain startups, according to data compiled The Block Research. Early-stage and seed deals were the most common deal types, according to The Block Research’s John Dantoni. Such deals represented half of the quarter’s total, with 59 deals for …

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Bitcoin transaction values and fees grew in 2020’s third quarter

Bitcoin transaction values and fees grew in 2020’s third quarter

The amount of value transacted on the Bitcoin network grew in the third quarter of 2020 compared to the second quarter, according to findings from The Block Research. During the period, users transacted more than $225B, posting an average of $2.4B a day. In all, the value transacted across the network rose some 25% compared …

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Binance, Coinbase were the most active industry hirers in 2020’s first quarter

Binance, Coinbase were the most active industry hirers in 2020’s first quarter

Exchanges Binance and Coinbase were the most active hirers in the crypto industry during the first quarter of 2020. Both exchanges posted at least six jobs during the quarter, according to research conducted by The Block’s Steven Zheng. Crypto wallet Ledger, custodian BitGo and Ripple also posted at least five jobs each in Q1 2020. …

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Bitcoin Enters Historically Strong Quarter With 3% Price Gain

Bitcoin Enters Historically Strong Quarter With 3% Price Gain

View Historical data suggests bitcoin could put in a positive performance in the second quarter. Bitcoin is currently trapped in a pennant pattern on the daily chart. A breakout will likely yield a rally toward $8,000. A pennant breakdown would put the bears in a commanding position and open the doors to $5,000. Bitcoin kicked …

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