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Elon Musk Says Tesla’s Mega Bitcoin Purchase Is Not ‘Directly Reflective’ of His Opinion

Michael Saylor, the CEO of MicroStrategy, is one of those who believes Tesla’s bet on Bitcoin can have a tremendous ripple effect.Elon Musk, the billionaire Chief Executive Officer of the electric automaker Tesla Inc (NASDAQ: TSLA), has defended the firm’s latest Bitcoin (BTC) move while declaring he has little influence

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Microsoft uses blockchain technology to purchase soil carbon credits in Australia

Microsoft has employed blockchain technology to purchase soil carbon credits in Australia. In combination with Regen Network — built on the Cosmos (ATOM) blockchain — the CarbonPlus Grassland credits were initially issued to two ranches in New South Wales.The carbon credits are used as a measure of soil sequestration, which

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Huobi Now Supports RUB Deposits and Withdrawals, Announces Crypto Purchase Campaign

The global crypto exchange leader, Huobi has announced support for the Russian ruble (RUB) allowing users to deposit and withdraw the new fiat currency on their platform. The new feature is introduced in collaboration with also enables users to purchase popular cryptocurrencies like BTC, ETH, LTC, USDT, EOS, BCH, ETC,

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MassMutual Bitcoin purchase proves crypto demand is rising, JPMorgan says

MassMutual’s $100 million Bitcoin (BTC) purchase shows that the demand for cryptocurrency will be growing further, according to strategists at major investment bank JPMorgan.In an investor note on Dec. 11, JPMorgan strategists including Nikolaos Panigirtzoglou reportedly suggested that Bitcoin adoption is now expanding from family offices and wealthy investors to

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Bitcoin is no longer a Risk-Off Asset with the Purchase By MassMutual

Quick take:MassMutal Life Insurance recently purchases $100 million in BitcoinInsurance companies are known to avoid unnecessary risksThe 169-year-old insurance company buying Bitcoin is a sign that BTC is no longer a ‘risk-off’ assetBitcoin being sold now by miners and retail traders is increasingly being scooped up by institutional investorsThe herd

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