Tags : million

Bitcoin

Tesla reports Bitcoin-related ‘impairment’ of $23 million after BTC tumbled

Tesla, a major electric car manufacturer led by Elon Musk, has reported a record operating income of $1.3 billion in the second quarter of 2021—which was “partially offset” by a “Bitcoin-related impairment of $23M.” “Operating income increased [year-over-year] mainly due to volume growth and cost reduction. Positive impacts were partially offset by growth in operating […]Read More

Regulation

Ripple transfers 60 million XRP even as US SEC lawsuit

To bolster its fair notice defence in a lawsuit filed by the Securities Exchange Commission (SEC), Ripple (XRP) claims two of their sitting Commissioners have spoken out about the lack of clarity on how securities laws apply to crypto.  Meanwhile, Ripple and Binance got caught on the radar as 110 million XRP tokens worth roughly […]Read More

Bitcoin

Dogecoin, Musk, and $60 million NFT froth: Why Ruffer sold

Ruffer Investment Company Limited invested roughly $600 million in Bitcoin (BTC) in November 2020 but sold its exposure in April, while the crypto was still pumping and its price fluctuated between $50,000 and $65,000, profiting more than $1 billion in about five months.  According to Ruffer’s year-end review for the 12 months ending June 30, […]Read More

Regulation

SEC lays the smackdown on alleged $12 million crypto scam

The U.S Securities and Exchange Commission (SEC) takes action against alleged crypto fraud perpetrated by Profit Connect Wealth Services Inc. Through an emergency action filing, the U.S securities regulator obtained a temporary restraining order and froze the company’s assets in a bid to stop Profit Connect from operating. The SEC’s reputation has taken a hit […]Read More

Regulation

$250 million worth of cryptocurrency seized in UK

$250 million worth of cryptocurrency seized in UK | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest U.K. › Crime Police seized crypto worth hundreds of millions of dollars in the biggest-ever move of its kind. Shaurya Malwa · July 13, 2021 at 2:00 pm […]Read More

Bitcoin

Diamond auctioned for $12 million worth of crypto at Sotheby’s

Sotheby, a leading auction house, has announced that it has sold a diamond worth $12 million, and its buyer paid in an unspecified cryptocurrency. According to the firm, the diamond is the second-largest pear-shaped diamond, tagged Key 101.38, to be sold in public. “Key 101.38” While the auction house has declined to release information about […]Read More