What is CryptoSlate Alpha? CryptoSlate Alpha is a membership designed to empower you with cutting-edge insights and knowledge, built on top of Access Protocol. More about CryptoSlate Alpha › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. You Need More ACS It looks…
Tesla, MicroStrategy, and Block’s bet on Bitcoin (BTC) led to a combined loss of $5 billion on the books in the second quarter, Bloomberg News reported on July 22. According to the report, Bitcoin’s 59% decline during the quarter led to staggering losses for these companies based on their previous holdings disclosure. MicroStrategy MicroStrategy makes…
Tesla on July 20 revealed that it sold 75% of its Bitcoin (BTC) holdings in the second quarter of 2022. According to the electric car maker shareholder’s deck, its Bitcoin trade brought $936 million to its balance sheet. Reports had predicted that Tesla’s Bitcoin holding was going to record an impairment loss of over $400…
MicroStrategy, Tesla, and other public companies holding Bitcoin face significant impairment losses as Bitcoin (BTC) closed the second quarter below $19,000. MicroStrategy BTC holding down 58% According to Bloomberg News, MicroStrategy could report a significant impairment loss of $3.4 billion due to the sharp decline in BTC prices between April and June 2022. The company…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Timothy Ursich, a candidate for the US Senate, has revealed that he wants to make Dogecoin a legal tender in California. Ursich explained that he intends to provide full and adequate support to the crypto industry by advocating for the mass…
The Chief Executive Officer of MicroStrategy and Bitcoin maximalist Michael Saylor has expressed excitement about the U.S. Financial Accounting Standards Board (FASB) decision to review rules for crypto. Congratulations to the #Bitcoin community. This morning, by unanimous vote of 7-0, the Financial Accounting Standards Board (FASB) agreed to add a project to review Accounting for…
Tesla is accepting crypto payments again. The leading electric car maker earlier today revealed that it is now supporting payment for some of its products using the popular meme coin, Dogecoin, via its platform. Tesla now supports Doge payments According to available information, Tesla users looking to adopt the new payment option need to have…
One Tesla owner might have found more use for his electric car prized asset beyond the road, judging by his recent revelations. A Tesla was used to mine $800 Ethereum A CNBC report has revealed that an owner of a 2018 Tesla Model 3, Siraj Raval, successfully mined around $800 worth of Ethereum around when…
‘Dogenations’ campaign wants to raise Shiba Inu-inspired Dogecoin for homeless animals PAWS Chicago, a non-profit animal shelter organization dedicated to building no-kill animal communities, recently launched “Dogenations” and started accepting Dogecoin (DOGE), Bitcoin (BTC), Ethereum (ETH), and 36 other cryptocurrencies for donations. 2 min read →