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Tesla Records $23M Impairment Loss on BTC, Despite Revenue and Profit both Exceeded Expectations in Q2 Financial Report
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Tesla Records $23M Impairment Loss on BTC, Despite Revenue and Profit both Exceeded Expectations in Q2 Financial Report

American electric vehicle manufacturer Tesla released its second-quarter financial report on Monday. The company recorded a $23 million impairment loss on Bitcoin subject to the recent volatility.

Bitcoin on Track to Break $40,000 Resistance as About $1.1B Positions in Crypto Gets Liquidated
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Bitcoin on Track to Break $40,000 Resistance as About $1.1B Positions in Crypto Gets Liquidated

Bitcoin is on track to break through the $40,000 price level after receiving several bullish fundamentals over the weekend. BTC has gained a huge pace at its price, forcing over a billion liquidations in the market.

Musk Says SpaceX will Follow Tesla's Lead in Adding DOGE Payments
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Musk Says SpaceX will Follow Tesla's Lead in Adding DOGE Payments

Tesla CEO Elon Musk tweeted that in the near future his space venture company SpaceX plans to introduce payments with his favourite crypto asset, dogecoin (DOGE).

Why is everyone going crazy over NFT?
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Why is everyone going crazy over NFT?

Dmytro Volkov, CTO of the international cryptocurrency exchange CEX.IO, has over 15 years ’work experience in IT, including over 10 years in financial markets. He has optimized the technology and processes at the CEX.IO exchange, as well as the trading and analytics systems and integrations with external systems. Equally, he has created the CEX.IO Broker platform to trade derivatives, an author of trainings on financial and tech topics as well as a speaker at industry-wide conferences.

CoinGecko Report: 2023 Crypto Industry Rebounds with Resilience and Transformation
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CoinGecko Report: 2023 Crypto Industry Rebounds with Resilience and Transformation

2023 saw a resilient crypto industry with a 108.1% increase in market cap to $1.72T and a total trading volume of $36.6T. NFT trading reached $11.8B, while stablecoins like Tether maintained a strong presence. Bitcoin's value rose significantly, contributing to the year's positive momentum.

Elon Musk Plans to Launch AI Startup to Compete with OpenAI
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Elon Musk Plans to Launch AI Startup to Compete with OpenAI

Elon Musk is reportedly assembling a team of AI researchers and engineers to launch an AI startup to compete with OpenAI. Musk is said to be in talks with existing investors from SpaceX and Tesla for investment in the new venture. In addition, Musk has recently incorporated a company named X (X.AI) and changed the name of Twitter to "X Corp" as part of his plans to create an "everything app" under the "X" brand. Meanwhile, Amazon Web Services (AWS) has launched the Bedrock initiative to allow its users to build generative AI from foundation models.

Bitcoin's Future Looks Bright as Kanye West Decides to Run for President 2020
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Bitcoin's Future Looks Bright as Kanye West Decides to Run for President 2020

On July 4th, Kanye West expressed his wishes to run for President in the 2020 presidential race. This is exciting news for Bitcoin, as Kanye has on several occasions expressed his support for the cryptocurrency.

Crypto Exchange CEX.IO Receives Temporary Registration Status with UK FCA
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Crypto Exchange CEX.IO Receives Temporary Registration Status with UK FCA

The UK Financial Conduct Authority (FCA) has granted crypto exchange CEX.IO a temporary registration status to operate until July 9, 2021.

What Will Be The State of Bitcoin Going Forward?
cex

What Will Be The State of Bitcoin Going Forward?

Dmytro Volkov, CTO of the international cryptocurrency exchange CEX.IO, has over 15 years ’work experience in IT, including over 10 years in financial markets. He has optimized the technology and processes at the CEX.IO exchange, as well as the trading and analytics systems and integrations with external systems. Equally, he has created the CEX.IO Broker platform to trade derivatives, an author of trainings on financial and tech topics as well as a speaker at industry-wide conferences.

Crypto Exchange CEX.IO Named as Top 10 Safest Crypto Exchanges by CryptoCompare
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Crypto Exchange CEX.IO Named as Top 10 Safest Crypto Exchanges by CryptoCompare

Cryptocurrency exchange CEX.IO is named in the top 10 safest cryptocurrency exchanges by CryptoCompare.

Elon Musk To Deliver Starlink Within Weeks with Up to $30B Investment
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Elon Musk To Deliver Starlink Within Weeks with Up to $30B Investment

Billionaire entrepreneur Elon Musk revealed the Starlink satellite internet network of SpaceX has been launched, expecting the internet broadband internet to go online globally (except poles regions) within weeks before August.

SpaceX dropping $373M worth of Bitcoin led to crypto market crash
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SpaceX dropping $373M worth of Bitcoin led to crypto market crash

After the publishing of the news, the price of Bitcoin experienced a significant drop of around 10% within 10 minutes, causing the cryptocurrency's value to fall to $25,166 on Binance. The OKX perpectual bitcoin price even plunged to $24,098.

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