Kategorie: Allgemein

Tesla Records $140M Bitcoin Loss in 2022: Musk’s Crypto Gamble

• Tesla recorded a $204-million gross impairment loss and a $64 million gain from converting BTC into fiat currency in 2022, resulting in a net loss of $140 million. • In the first quarter of 2021, Tesla invested $1.5 billion in Bitcoin and announced that it would start accepting BTC payments from U.S.-based consumers. •…
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SEC Investigates Wall Street Investment Advisers for Crypto Asset Custody

• The United States Securities and Exchange Commission (SEC) has been investigating traditional Wall Street investment advisers for offering digital asset custody services to clients without proper qualifications. • The SEC’s inquiries have been ongoing for several months but have accelerated after the collapse of the crypto exchange FTX. • The SEC is looking into…
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DeFi and TradFi: Complementary, Not Adversarial

• The co-founder and CEO of Ava Labs spoke with Cointelegraph at the World Economic Forum in Davos, Switzerland, on the future of DeFi and TradFi as two industries with merging value systems. • Emin Gun Sirer, the co-founder and CEO of Ava Labs, stressed that the purpose of DeFi is not to attack or…
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. DOJ and SEC Investigate Digital Currency Group, Genesis Global Capital

• Digital Currency Group (DCG) is reportedly under investigation by the US Department of Justice and the Securities and Exchange Commission (SEC). • The investigation is looking into internal transfers between DCG and its subsidiary crypto lending firm Genesis Global Capital. • Neither US agency has provided any information about the case, and neither DCG…
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Crypto ETFs in Australia Record Worst Performance in 2022

• Two crypto-related ETFs were the worst-performing in Australia for 2022. • BetaShares Crypto Innovators ETF and Cosmos Global Digital Miners Access ETF provided investors with negative returns of nearly 82% and 72% year to date. • These ETFs track publicly listed blockchain and crypto companies such as Coinbase and mining company Riot Blockchain, among…
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Ad Hoc Committee Seeks to Protect Crypto Investors from Bankruptcy Risks

• A group of non-U.S. FTX customers have filed a joinder in support of a Motion of Debtors for Entry of Interim and Final Orders to have their names and private information redacted from court documents as part of the crypto exchange’s Chapter 11 bankruptcy process. • The group is comprised of 15 people in…
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