Tag: News

Tesla Reports $600M Bitcoin Gain In Q4 2024 Under New Accounting Rules

Tesla has reported a $600 million gain from its Bitcoin holdings in the fourth quarter of 2024, benefiting from new accounting standards that allow companies to record the market value of digital assets on their books. According to Tesla’s Q4 2024 earnings report, released on 29 January 2025, the...
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Elon Musk-Led Tesla Reports Massive $600M Bitcoin Gain in Q4, 2024

Elon Musk-owned electric vehicle maker Tesla reported a $600 million gain on its Bitcoin holdings in Q4, benefiting from a new accounting rule that allows companies to adjust digital asset valuations quarterly based on market prices. According to Arkham Intelligence, Tesla holds 11,509 BTC, currently worth approximately $1.19 billion....
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Litecoin price surges on rumors of potential ETF approval

Crypto bettors on Polymarket, a decentralized prediction market, have placed an 87% probability on the US Securities and Exchange Commission (SEC) approving a Litecoin-based exchange-traded fund (ETF) this year. Optimism surged after the SEC initiated a public comment phase for the proposed Canary Litecoin ETF. According to the agency’s...
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How to Give Cryptocurrency as a Gift

Cryptocurrency in everyday life will soon become inevitable. Many online retailers and companies now accept digital currencies as payment, making them a flexible gift option. If you’re thinking about giving cryptocurrency as a gift, there are a few things you […] The post How to Give Cryptocurrency as a...
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Bitcoin Friday Futures: CME Group’s Top Crypto Launch Adds Options in February

Chicago Mercantile Exchange Group announced it will introduce options on Bitcoin Friday Futures (BFF) starting on Feb. 24, pending regulatory approval. According to the press release, BFF was CME Group’s most successful cryptocurrency launch. More than 775,000 contracts traded since launch on Sept. 29. The average daily volume was...
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Avalanche Blockchain’s December Upgrade Cut Usage Fees by 75%

The cost of using Avalanche, a DeFi-focused smart-contract blockchain, has slumped since the implementation of the Avalanche9000 upgrade on Dec. 16, sending the number of transactions up by more than a third. Since the upgrade, the proof-of-stake blockchain’s usage fees known as gas have averaged roughly 75% less than...
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