After startling markets last week by announcing it sold 75% of its Bitcoin, Tesla revealed today it still has $222 million of "digital assets" on the books.
The veteran music streaming company has released a litepaper outlining the launch of its planned $NAPSTER token.
The crypto market is entering very rough waters. But the industry and its creative energies are here to stay.
Bitcoin continued its slide overnight, with the leading cryptocurrency by market cap slipping to a new 52-week low of $20,184, according to data from CoinMarketCap. The top cryptocurrency has lost a third of its value over the past week amid rising inflation rates and an anticipated rate hike from the U.S. Federal Reserve. The market capitalization of Bitcoin has tumbled from $1.27 trillion in November 2021 to under $386 billion today. Ethereum (ETH), the second-largest cryptocurrency, is down over 15%, and is currently trading at $1,029. With a current market capitalization of $128.79 billion, Ethereum has lost almost 80% of its value since its all-time high of $4,891.70 recorded in November 2021, according to CoinMarketCap. Why is crypto crashing? The primary reasons behind today’s bearish action...
The dollar-pegged UST has overtaken Binance USD to become the crypto market’s third-largest stablecoin by market capitalization.