NFT News by Thebittimes.Com

Bitcoin (BTC) has become a key part of Tesla’s money plans. As we look at Tesla’s Q2 2024 earnings, it’s clear that the company’s approach to cryptocurrency keeps changing as it deals with market ups and downs and government rules. Also Read: Bitcoin’s $100K Surge: Analyzing BTC’s Bullish 2025 Prediction tesla -q2-earnings-and- bitcoin -strategy-amidst-market-volatility">Tesla Q2 Earnings and Bitcoin Strategy Amidst Market Volatility Source: CriptoNoticias tesla -s-q2-2024-financial-performance">Tesla’s Q2 2024 Financial Performance Tesla’s Q2 2024 financial results were mixed. The company earned $25.5 billion in total revenue, surpassing the expected $24.63 billion. That said, car sales revenue fell 7% to $19.9 billion from $21.27 billion in the same quarter last year. Tesla’s earnings per share were 52 cents, below the expected 62 cents. Spending on new projects rose 10% to $2.27 billion, with $600 million used for AI tech. Tesla’s Continued B...

UK court filings submitted today reveal that Craig Wright has been referred to the country’s Crown Prosecution Service (CPS) to face an investigation into whether he committed perjury during his court battle with The Crypto Open Patent Alliance (COPA). This is despite the court admitting that it still doesn’t know where he is. In today’s High Court-approved judgment, Mr Justice Mellor said evidence shows that Wright has left his Wimbledon residence and appears to have left the UK . According to Mellor, the evidence suggests that the Australian computer programmer “has been said to be traveling and was last established to be in the time zone of UTC +7.” Read more: Craig Wright ’s assets frozen because judge doesn’t know where he is This timezone covers much of Southeast Asia, including Cambodia and Thailand, along with Siberia, China, and Mongolia .  COPA, which successfully sued Wright and found he was not Bitcoin creator Satoshi Nakamoto, claimed, “Dr. Wrig...

Michael Saylor has lost $105 million on his latest purchase of bitcoin for MicroStrategy. As usual, the CEO issued convertible debt — loans that may convert to equity and dilute prior shareholders — to purchase 11,931 bitcoins on June 20, 2024. On that date, MicroStrategy purchased Bitcoin at $65,883 apiece. Today, each of those coins is worth just $57,000 — a 13.5% decline in less than three weeks. Saylor’s latest bitcoin buy has lost $105 million since June 20. June 20th was not Saylor’s only ill-timed purchase. Since the leverage-hungry CEO started his debt-for- Bitcoin spree, MicroStrategy has purchased Bitcoin above current prices nine times . March 12, 2021: $15 million at $57,146 per bitcoin April 5, 2021: $15 million at $59,339 May 13, 2021: $15 million at $55,387 November 29, 2021: $414.4 million at $59,187 December 9, 2021: $82.4 million at $57,477 March 11, 2024: $821.7 million at $68,477 March 19, 2024: $623 million at $67,382 Apr...

An anonymous Bitcoin donor has reportedly paid $520,000 for Julian Assange’s private jet following his release this week. The total cost was paid for through 8 BTC to help the WikiLeaks co-founder return home after a 14-year extradition fight with the US. Assange was officially released from a Belmarsh prison in the UK on June 24th. The Australian editor reached a plea deal with the United States and was able to travel by private plane to Saipan, a US territory in the Mariana Islands. JUST IN: Anonymous #Bitcoin donor pays for Julian Assange's $520,000 jet after his release. pic.twitter.com/hzhhX02UPc — Watcher.Guru (@WatcherGuru) June 26, 2024 Also Read: Bitcoin In Oversold Territory, Good Time To Buy: Says Analyst Anonymous Donor Gives $500,000 in BTC to Julian Assange After Release Source: Pixabay In what is a miraculous display, one anonymous Bitcoin donor paid more than $520,000 for Julian Assange to travel by private jet. The donation allowed the now-free Assange to av...

The market saw a major change in dynamics as Nvidia [NVDA] took over Microsoft [MSFT] as the most valuable firm. The chipmaker recorded a 3.6% surge in its stocks which pushed its market cap to $3.34 trillion. Microsoft’s market value was at $3.32 trillion. The latest rise comes from the increasing demand for its chips that are heavily being used in the AI sector. But this significant spike was believed to be bearish for Bitcoin [BTC]. # Nvidia is now the world's most valuable company, with a market cap of $3.34 trillion, exceeding the GDP of all but 5 countries. Soon only the U.S. & China will have GDPs greater than $NVDA's market cap. Each NVDA GPU contains from .1 to .3 grams of #gold. They contain zero Sats. — Peter Schiff (@PeterSchiff) June 18, 2024 Peter Schiff, a prominent critic of the crypto currency market pointed out how the graphics processing unit [GPU] that was produced by Nvidia had some gold in it. But it did not contain sats. The comp...

Becoming a millionaire is undoubtedly a dream that several investors aim to achieve. While some follow an array of strategies, a few put all their eggs into one basket. Nevertheless, renowned financial author Robert Kiyosaki revealed an investment tool that is the most accessible way to achieve millionaire status. The author highlighted the simplicity and potential of investing in Bitcoin [BTC] when compared to the traditional path. The “Rich Dad Poor Dad” author has time and again shared predictions about Bitcoin with his X followers. More recently, he forecast that Bitcoin could rise to a high of $350,000 by August 2024. Even though his predictions are far-fetched, it instills a sense of optimism in the market. On June 11 he tweeted, BITCOIN is the easiest way to become a millionaire. Making millions as an entrepreneur is hard. I know. You have to be really smart, dedicated, and lucky to become a millionaire starting your own business. I save Bitcoin because Bitco...

The co-founder of LocalMonero, Alex Daneo, announced on Reddit that he will be ceasing operations after almost 7 years. Like the also-defunct Local Bitcoin s service for Bitcoin (BTC), LocalMonero helped facilitate peer-to-peer trading of monero (XMR), a private-by-default Crypto currency. Daneo cited “internal and external factors” that made it difficult to sustain LocalMonero’s operations. Most people in the Crypto industry interpreted those “factors” to be recent news developments: namely the criminal indictment of Samourai Wallet’s co-founders, and a public service announcement about non-KYC Crypto money transmitters from the FBI. Those events sent a clear message: “Beware of financial services that do not ask for KYC information including name, date of birth, address, and ID before allowing you to send or receive money or Crypto currency.” Similarly to LocalMonero, the FBI-seized Samourai Wallet was a service for privacy-conscious users to swap money with ties to their ident...

A Solana -to-Bitcoin cross-chain bridge is expected to launch in the third quarter of 2024. The Zeus Network will launch its Zeus Program Library (ZPL) that connects the two ecosystems by Q3 2024. “These ZPL-Assets unlock a world of opportunities on Solana ,” Zeus Network wrote on Medium on May 1. “Facilitating activities like DeFi, GameFi, SocialFi, DePIN, and more, which were previously challenging on the Bitcoin blockchain.” The Zeus Program consists of a set of Solana Virtual Machine (SVM) programs that enable developers to integrate native Solana support into decentralized applications. In turn, these programs power transactions across multiple blockchains. The ZPL assets, according to the Zeus Network, can take the form of cryptocurrencies or NFTs.  Furthermore, the network is backed by Solana co-founder Anatoly Yakovenko and Stacks co-founder Muneeb Ali. Source – Forbes Also Read: MoonPay Users Are Now Able to Buy Crypto With PayPal In addition, the Ze...

Christian Langalis, colloquially known as the ‘ Bitcoin Sign Guy,’ has decided to auction off the piece of paper on which he wrote ‘Buy Bitcoin ,’ and held up behind Janet Yellen in 2017 during a Ho US e Financial Services Committee. The former Cato Institute intern, who now works on projects on decentralized personal server platform Urbit, stated, “When Bitcoin ers ask me about the sign, I tell them, ‘you’d have done the same in my seat.’” According to a Bloomberg article, Langalis turned down a private five-BTC offer in the hopes that the auction would fetch a higher price. His gamble seems to have paid off, with the sale amounting to 16 BTC — over a million dollars at the time of sale and 220% more than the private offer. One bidder appeared to briefly misclick a bid, rocketing the price to 100 BTC before they corrected their bid down to 10 BTC. The anonymo US winner of the Bitcoin sign went by the US ername ‘Squirrekkywrath.’ T...

As the highly anticipated Bitcoin halving event approaches, cryptocurrency investors and enthusiasts are eagerly seeking opportunities to maximize their potential gains. While Bitcoin remains the undisputed king of cryptocurrencies, there are other coins that have the potential to deliver significant returns during this crucial period. I In this article, we will explore three cryptocurrencies that you should consider adding to your portfolio before the Bitcoin halving: Bitcoin (BTC), Solana ( SOL ), and Shiba Inu (SHIB). Also read: How High Can Ethereum (ETH) Rise In April? Bitcoin (BTC) Bitcoin is a must-have for any investor during the halving period. As the pioneer of blockchain technology, Bitcoin has established itself as a store of value and a hedge against traditional financial systems. With a current price of $69,883.44 and a 2.14% drop in the last 24 hours, Bitcoin boasts an impressive market capitalization of $1,374,456,029,885, SOL idifying its position...

Bitcoin is finally portraying bullish signals after encountering slight resistance in its path towards $70k. According to CoinMarketCap, Bitcoin is up 5%, trading in green at $70,573 at press time.  Bitcoin’s previous price ascent to $70K was historic; however, the excitement of the token touching a new ATH was short-lived. Soon after hitting the $70K mark, BTC retraced its steps back, hovering between the ranges of $63K and $67K.  With its current price momentum, analysts on X are busy studying its current price path in detail to predict new price valuations. Notable crypto analyst Ali has come up with a new price threshold for BTC to breach, adding that a new price breakout might be on the cards for Bitcoin. Also Read: Bitcoin Boom: Standard Chartered Places Bet on $250,000 BTC to Cross $71,800 Soon? Source: Watcher Guru According to the latest prediction forecasted by Ali, Bitcoin is poised to touch $71,800 soon. To back his claims, the analyst sha...

The founder of Tron Blockchain, Justin Sun , has tweeted an interesting insight. Sun took to X to share how he believes trading mogul Warren Buffett owns Bitcoin. Buffett has long been known to express staunch anti-Bitcoin sentiments. However, Sun’s latest tweet has sparked interest in whether one of the wealthiest men on earth truly owns Bitcoin.  Also Read: U.S. Stock Market: Warren Buffet Buys $82 Million Worth of These Shares Does Buffett own Bitcoin? Source: Pintrest Justin Sun , who owns Huobi and Poloniex exchanges, took to X to share how he thinks Warren Buffett holds Bitcoin in his trading portfolio.  Tron’s recent claims are based on a chance meeting that the Tron Supreme had with Buffett in 2020.  Shedding more details about the event, Sun won a chance to meet with Buffett after donating a whopping $4.56 billion to the trading mogul’s wife’s charity dinner. He later sought permission to bring several friends over to this ev...

According to the popular journalist Tucker Carlson, former UK Prime Minister Boris Johnson wanted $1 million in either USD, gold, or Bitcoin (BTC), in exchange for an interview. Carlson recently took the internet by storm when he interviewed Russian President Vladimir Putin, amid Russia’s ongoing military conflict with Ukraine. The interview got over 200 million views on the social media platform X. According to Carlson, the former UK Prime Minister’s advisor got in touch with the journalist and said ‘ He will talk to you, but it’s going to cost you a million dollars. ’ Carlson stated, ‘ He wants a million in U.S. dollars, gold or bitcoin – this just happened yesterday or two days ago! ‘ Also Read: Interest in Altcoin ETFs intensifies following the success of Bitcoin Spot ETFs Carlson compared the situation to his recent interview with Putin, stating, ‘ I just interviewed Vladimir Putin – I’m not defending Putin, but [he] didn’t ask me for ...

The new BRICS member Ethiopia is signing Bitcoin mining deals with its alliance partner China. The Ethiopian State Electricity Company launched affordable hydropower to attract foreign investments into the country. Ethiopia’s pursuit for foreign exchange currencies netted China’s interest making the two BRICS countries sign a Bitcoin miners deal. China found Ethiopia’s hydropower electricity affordable and lucrative, attracting the perfect opportunity for Bitcoin miners. Also Read: BRICS : US Dollar Ranks 10 Out of 180 Global Currencies BRICS member Ethiopia is the first African country to take precedence over concerns raised by climate change activists. The deal has positioned Ethiopia to be among the leading destinations for Bitcoin mining and BRICS is making the most of the situation. BRICS Starts Bitcoin Mining: China’s BTC Miners Find Haven in Ethiopia Source: chinaobservers.eu A Bloomberg report sheds light that 19 Bitcoin miners from China ...