- In order to cut their losses and potentially add to their earnings, Tesla has converted about 75% of its Bitcoin purchases into fiat currency. “Bloomberg”
- Bitcoin’s mining difficulty has recorded the biggest drop of 2022. “U Today”
- Financial regulators in Taiwan have essentially made it impossible to purchase crypto with credit cards. “Coin Desk”
- Many large companies including Tesla, Micro Strategy, and Block lost about 5 billion dollars from the drop in Bitcoin. “Bloomberg”
- The Federal Bureau of Investigation arrested the former Coinbase Global product manager for using privileged information to trade crypto. “Coin Telegraph”
- Around 230,000 Bitcoin, worth 5.5 billion dollars has been liquidated by large institutions since May 10. “Coin Telegraph”
- Prince Philip of Serbia calms rumors of Arab Country Bitcoin adoption. “Coin Telegraph”
- Crypto market cap climbs 15% in a week following Ethereum Merge date revelation. “Coin Telegraph”
- Siam Commerical Bank postpones acquisition of Thai crypto exchange Bitkub. “Bitcoin News”
- According to SEC, cryptocurrencies are actually crypto asset securities. “U Today”
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Saturday, July 23, 2022 6:42:00 PM
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