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Elon Musk’s Tesla invested $1.5 billion in Bitcoin, according to its latest filing with the US Securities and Exchange Commission. The American vehicle giant reported that it changed its investment policies in January 2021 to “further diversify and maximize returns” on the cash it did not require for operational liquidity.
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In response to the high demand in the gaming industry, Roblox recorded about $1.24 billion in sales after the first three quarters of 2020.Roblox Corporation, a kids gaming platform, has recorded an impressive revenue throughout the last three quarters of the year pending its US stock listing via IPO. Interestingly,
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Airbnb is going to raising about $3 billion via the IPO and looks to increase its valuation to about $30 billion.American vacation rental online marketplace company Airbnb Inc is set to make an official filing for its proposed Initial Public Offering (IPO) in the United States. According to a Reuters
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Many investment firms have launched crypto exchange-traded funds, but so far, none has found favor with the United States Securities and Exchange Commission. Firms keep trying, though, and this past week, two more tendered applications for crypto ETF-like products — if not pure-play Bitcoin ETFs have emerged. WisdomTree, an asset manager
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Visa looks to be laying the groundwork for a future in which fiat currencies, like the U.S. dollar, could be easily turned into a central bank digital currency (CBDC).The California-based payments giant, which processes upwards of 100 million transactions every day on average, has filed a patent application for a
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The time of paying taxes is coming and crypto traders will not stand aside. Here is the summary of the main details that you need to know for the tax filing.We are already into the fifth month of 2020. And the taxation has been delayed due to the COVID-19 pandemic.
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In a sharply worded brief, the New York Attorney General's Office has criticized the exchange's tactics in its case involving the Tether stablecoin's backing. Source
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The United States Securities and Exchange Commission (SEC) has once again begun accepting public comments regarding the updated Bitcoin (BTC) exchange-traded fund (ETF) proposal by Wilshire Phoenix Fund.According to the official document published on Oct. 15, investment management firm Wilshire Phoenix and exchange NYSE Arca have filed an amendment
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U.S. financial watchdog, the Securities and Exchange Commission (SEC) has rejected the Bitcoin Exchange Traded Fund (ETF) proposal of Bitwise, on the grounds that the filing does not meet the set standards regarding market manipulation and fraudulent activities, according to an October 9, 2019 announcement. No Bitcoin ETF for Now Yet again,
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