Leading electric car maker Tesla holds around $2 billion worth of the flagship digital asset, Bitcoin, as of the end of last year. This was contained in the firm’s report to the United States Securities and Exchange Commission. According to the filing, the “fair value” of the Elon Musk-led company’s Bitcoin holding as of the end of December is $1.99 billion. It was also revealed that the company views crypto as an investment and liquid alternative to cash. A review of the report indicated that the company provided a timeline of the process leading to the accumulation of the asset. Tesla, in early 2021 purchased $1.5 billion worth of Bitcoin, a historical purchase. The company holdings were further boosted when it began to accept the asset as a payment option for its vehicles. The decision was later rescinded because of the environmental concerns of mining Bitcoin. However, the company has severally hinted that it could start accepting the crypto king again. “In the year ended December 31, 2021, we recorded approximately $101 million of impairment losses resulting from changes to the carrying value of our Bitcoin and gains of $128 million on certain sales of Bitcoin by us.” Speaking further in the report, the company noted that, at some point, it might choose to increase or decrease its Bitcoin holdings at any time. This decision would, however, be majorly driven by the needs of its business alongside its view of the market and environmental conditions. ————————————————————————- Like| Comment| Follow| share Are you into CRYPTO | NFT | TECHNOLOGY? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM ————————————————————————- #cryptoworldpage #bnb #cryptocurrency #crypto #nftcollector #cryptoworldwide #btc #meta #btcnews #elonmuskquotes #nftdrop #tesla #dogecoin #teslamotors #teslamodels #eth #elonmusk #blockchainnews #cryptonewsdaily #metaverse #cryptoinfo #altcoin #cryptonews24 #cryptonews #cryptoinvestor #cryptoworld https://www.instagram.com/p/CZuwLuyLjjw/?utm_medium=tumblr

Binance and Mastercard have launched a prepaid rewards card in Brazil that will allow customers to make everyday purchases with cryptocurrency. New and existing Binance users will be able to use the card to buy things and pay bills with Bitcoin and other cryptocurrencies across Mastercard’s network of 90 million merchants, Binance said in a statement seen by Decrypt. It also comes with perks including up to 8% cashback in crypto on eligible purchases, and zero fees on ATM withdrawals. When the card becomes widely available in the next few weeks, it will make Brazil the second Latin American country where it is available, following Argentina’s rollout last year. Like the Argentinian card, user funds will be converted from crypto to fiat currency in real time at the point of purchase. Payments made using crypto are subject to a 0.9% conversion fee. “Brazil is an extremely relevant market for Binance and we will continue to invest in new services for local users, as well as contributing to the development of the blockchain and crypto ecosystem in the country,” said Guilherme Nazar, general manager at Binance for Brazil. ————————————————————————- FOLLOW | LIKE | COMMENT | SHARE @cryptoworldpage Get daily Cryptocurrency | NFT | Blockchain news | Finance updates | Entertainment news Any questions | Comment below ⬇️ please OR slide in our DM ————————————————————————- #binance #binancenews #czbinance #mastercard #mastercard #cryptoworldpage #michaelmiebach #cryptoadoption #cryptoworld #cryptonews #cryptonewsdaily #cryptonews24 https://www.instagram.com/p/CoDM0jlIAw9/?igshid=NGJjMDIxMWI=

The chief executive of rideshare company Uber has said the firm "absolutely" will accept crypto in the future, but prefaced those remarks by saying such a move would only happen under particular conditions. The remarks came as CEO Dara Khosrowshahi spoke to Bloomberg in an interview Friday. When asked if Uber might accept crypto "someday," Khosrowshahi remarked: "It definitely could. We're having conversations all the time. I think right now, what we see with bitcoin and some of the other cryptos, they are quite valuable as a store of value. The exchange mechanism is expensive, it's not great for the environment. As the exchange mechanism becomes less expensive, becomes more environmentally friendly, I think you will see us lean into crypto a little bit more. So we're absolutely watching it. And if you say, is Uber going to accept crypto in the future? Absolutely. At some point. This isn't the right point, but we will." Friday's interview wasn't the first time that Khosrowshahi has been asked about crypto payments, and in the past, he has couched Uber's openness to the idea with qualifications. Last February, he told CNBC that "if there’s a benefit there, if there’s a need there, we’ll do it. We’re just not going to do it as part of a promotion." ————————————————————————- Like| Comment| Follow| share Are you into CRYPTO | NFT | TECHNOLOGY? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM ————————————————————————- #cryptoworldpage #bnb #cryptocurrency #über #nftcollector #cryptoworldwide #über #altcoinnews #nftdrop #uber #dogecoin #blockchaintechnology #blockchainnews #cryptonewsdaily #metaverse #cryptoinfo #altcoin #cryptonews24 #cryptonews #cryptoinvestor #cryptoworld https://www.instagram.com/p/CZ31qMlI49g/?utm_medium=tumblr

Canadian superstar rapper Drake is using bitcoin to bet that the Los Angeles Rams will beat the Cincinnati Bengals in the upcoming Super Bowl match on Sunday. The award-winning musician shared on Instagram that he placed a total of around $1.26 million worth of BTC in bets on Sunday’s match, including over $470,000 on Rams winning the Super Bowl and about $790,000 on the team’s wide receiver Odell Beckham Jr. “All bets are in on the family,” Drake said in an Instagram post that included images of his bitcoin bets. According to the pictures, Drake’s $790,000 bet on Beckham Jr. was equally split between two achievements of the wide receiver. The Rams’ athlete would need more than 62.5 receiving yards and over 0.5 anytime touchdowns in the game to get Drake on the green. “It’s time,” Beckham Jr. said in a comment to Drake’s Instagram post. Drake’s total payout could reach nearly $2.30 million, according to screenshots of the online betting app Stake shared in his post. While Drake puts bitcoin in hopes of getting more during the Super Bowl, some might play the low-stakes game and seek a no-downside reward in BTC instead. ————————————————————————- Like| Comment| Follow| share Are you into CRYPTO | NFT | TECHNOLOGY? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM ————————————————————————- #cryptoworldpage #crypto #nftcollector #cryptoworldwide #btc #meta #btcnews #altcoinnews #nftdrop #coinbasewallet #drake #blockchainnews #cryptonewsdaily #champagnepapi #altcoin #superbowl #cryptonews #cryptoinvestor #cryptoworld https://www.instagram.com/p/CZ3nHWaoPtO/?utm_medium=tumblr

Democrat Representative Jason Powell introduced a draft bill to allow the state of Tennessee and other municipalities to invest in bitcoin, cryptocurrencies, and NFTs. Tennessee House Bill 2644, “as introduced, authorizes a county, municipality, or the state to invest in cryptocurrency, blockchains, and non-fungible tokens,” according to the bill summary. The bill was introduced on February 2 and assigned to the House Finance, Ways, and Means Subcommittee on Tuesday, where it stands for further consideration by committee representatives. Powell also introduced Tennessee House Bill 2643 on the same day to establish a blockchain and cryptocurrency study committee “to help determine how to make [Tennessee] the most forward thinking and pro-business state for cryptocurrency and blockchain and to foster a positive economic environment for blockchain and cryptocurrency,” per the bill text. The proposed committee would meet at least once a month and be composed of the commissioner of commerce and insurance or their designee; the commissioner of financial institutions or their designee; one representative with experience or knowledge in cryptocurrency, from an academic institution, designated by the chair; one representative from a financial institution, assigned by the speaker of the house of representatives; and one representative with experience in federal securities laws, designated by the speaker of the senate. House Bill 2643 was assigned to the Business and Utilities Subcommittee on Tuesday for further consideration. ————————————————————————- Like| Comment| Follow| share Are you into CRYPTO | NFT | TECHNOLOGY? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM ————————————————————————- #cryptoworldpage #cryptocurrency #crypto #cryptoworldwide #btcnews #altcoinnews #tennesseelife #democrat #blockchaintechnology #tennesee #blockchainnews #cryptonewsdaily #jasonpowell #cryptoinfo #democrats #cryptonews24 #cryptonews #cryptoinvestor #cryptoworld (at Tennessee) https://www.instagram.com/p/CZyYuLZowZq/?utm_medium=tumblr

America’s largest crypto exchanges are reportedly set to run ads during this year’s Super Bowl, according to the Wall Street Journal. Coinbase, Crypto.com, and FTX are among the several cryptocurrency companies looking to run ads during one of America’s biggest showpiece sporting events of the year. Last year’s Super Bowl attracted an estimated 91.6 million views on TV. The news comes as the latest example of the brand power associated with crypto companies in recent times. At an estimated $7 million, the price of a 30-second ad spot on NBC for next Sunday’s Super Bowl has gone up by more than $1.6 million compared to the average cost over the last four years. This significant jump in ad rates seems to have done little to deter America’s biggest crypto exchanges from showcasing their businesses during Sunday’s gridiron showpiece. The likes of FTX and Crypto.com have previously made headlines for hefty sponsorship deals. In November, Crypto.com spent $700 million in cash to rename the Staples Center in Los Angeles to the Crypto.com Arena. Most of the deals have been in the sporting arena with these companies splashing the cash to ink deals with athletes and organizations across football, baseball, Formula 1, and cricket among others. These crypto exchanges also continue to attract significant investor attention. FTX recently attained a $32 billion valuation on the back of a $400 million Series C funding round. ————————————————————————- Like| Comment| Follow| share Are you into CRYPTO | NFT | TECHNOLOGY? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM ————————————————————————- #cryptoworldpage #bnb #cryptocurrency #crypto #nftcollector #cryptoworldwide #btc #meta #btcnews #ftx #nftdrop #coinbasewallet #dogecoin #superbowl #nft #eth #shibaarmy #blockchainnews #cryptonewsdaily #metaverse #cryptoinfo #manchester #manchesterunited #cryptonews #cryptoinvestor #coinbase https://www.instagram.com/p/CZr6A-OrAc7/?utm_medium=tumblr

Recently, Alex Mashinsky, Co-founder, Chairman, and CEO of lending platform Celsius Network, shared some of his latest thoughts on Bitcoin and Ethereum. Speaking in a recent interview with Kitco News, Mashinsky was asked about the recent Bitcoin price crash, which brought BTC to $33K, roughly half of its last all-time high price in November 2021. Mashinsky argued that support for Bitcoin was strong in the $29,000 to $33,000 range, and that the digital asset was bouncing off of that price point. He told Kitco there was a good chance $BTC would continue to retest its support before making another move up. As reported by The Daily Hodl, he said: The question is, we may have to retest it again. So there’s a pretty good chance. The market usually likes to test support, and after that, we should see that increase. Mashinsky predicted that Bitcoin would go up “at least 300%” from its current price point, bringing BTC to above $100K. He said his projection for Bitcoin’s end-of-year price was between $140,000 and $160,000, largely unchanged from what he predicted a year ago. Mashinsky is also bullish on the outlook for Ethereum, saying that $ETH will break its previous all-time price high before the end of 2022, or in early 2023. He said he expects the price to go to $6,000 – $7,000, pointing out the strong use cases, number of applications, and growing adoption of Ethereum. ————————————————————————- Like| Comment| Follow| share Are you into CRYPTO | NFT | TECHNOLOGY? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM ————————————————————————- #cryptoworldpage #bnb #cryptocurrency #crypto #celsius #celsius #btc #meta #btcnews #altcoinnews #nftdrop #coinbasewallet #dogecoin #blockchaintechnology #nft #eth #shibaarmy #blockchainnews #cryptonewsdaily #metaverse #cryptoinfo #altcoin #cryptonews24 #cryptonews #cryptoinvestor #cryptoworld https://www.instagram.com/p/CZoRK0zosqo/?utm_medium=tumblr

Benedetto Vigna – Chief Executive Officer of Ferrari – opined that the blockchain and NFT industry are niches that “deserve some attention.” As such, the exec hinted that the luxury sports car manufacturer might continue with its cryptocurrency endeavors in the future. While outlining the Q4 2021 results during the recent earnings call, Ferrari CEO Benedetto Vigna asserted that the firm will focus on the Web3 universe in the future. “We strengthen our relationship with leading-edge technological partners such as Amazon Web Services in Wales to be at the forefront of digital technologies and Web 3.0.” The top executive added that blockchain technology, Web3, and NFTs are interesting areas for Ferrari. Those could help for the brand’s future development and strengthen its position as a leading company in its field, Vigna noted: “I think that as we said, it’s important that we look and we see how the new technologies can help our brand. For sure, the digital technologies, the web 3.0 technologies that they’re using the Blockchain and the NFT is an area that can be interesting for us, it deserves some attention.” The CEO acknowledged that the cryptocurrency industry has been evolving at a fast pace. He also outlined that some of Ferrari’s rivals have already dipped their toes in the digital asset space, meaning that “The Prancing Horse” should do the same to catch up with the competition. ————————————————————————- Like| Comment| Follow| share Are you into CRYPTO | NFT | TECHNOLOGY? Follow @cryptoworldpage Get daily cryptocurrency news updates Any questions | Comment below ⬇️ OR slide in our DM ————————————————————————- #cryptoworldpage #bnb #cryptocurrency #crypto #nftcollector #cryptoworldwide #btc #ferrarinft #btcnews #altcoinnews #nftdrop #coinbasewallet #ferrari #blockchaintechnology #nft #eth #shibaarmy #blockchainnews #cryptonewsdaily #metaverse #cryptoinfo #altcoin #cryptonews24 #cryptonews #cryptoinvestor #cryptoworld https://www.instagram.com/p/CZm2EM9rG9C/?utm_medium=tumblr