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Tesla recorded a $204 million impairment loss in 2022 on its bitcoin holdings, according to regulatory filings. The loss was offset by $64 million in profits from bitcoin trading, leaving the automaker with a net loss of $140 million. Tesla had invested $1.5 billion in bitcoin during the first quarter of 2021, stating that it […]
Precision Neuroscience is making brain implants safer, smarter and reversible 
Sri Lanka has warned its citizens against using cryptocurrency, which it said is “largely unregulated” amid an ongoing political chaos in the South Asian nation. The country’s central bank, CBSL, said Tuesday it does not consider cryptocurrencies as legal tender in the country and reminded the country that it has not given license or other […]
Elon Musk apparently isn’t trying to hodl Tesla’s bitcoin during a crypto winter. During the company’s Q2 earnings report, the electric car company revealed it has sold 75% of its Bitcoin holdings this quarter. The company sold the coins for $963 million. Tesla said the value of its remaining “digital assets” is $218 million. In […]
Tres, a financial “data lake” for web3 companies, has raised $7.6 million in a seed round led by boldstart ventures, its founder and CEO Tal Zackon, exclusively shared with TechCrunch. Investors include F2, The Chainsmokers’ venture fund Mantis, New Form Capital, Kenetic Capital, Blockdaemon Ventures and Alchemy. As well as angel investors like Fireblocks CEO […]