Tesla reports record $1B income for Q2 despite $23M impairment loss on BTC

Electric vehicle and clean energy firm, Tesla, has reported $1.14 billion in net income for the second quarter.
The firm’s July 26 earnings report showed that total revenue grew by 98% year on year (YOY) for Q2, increasing from $6 billion in 2020 to $11.9 billion this year.

Read more

Bitcoin, Ethereum Rise as Elon Musk Reveals Allocations | Crypto Briefing

Key Takeaways

Elon Musk has reiterated that he plans for Tesla to accept Bitcoin as a form of payment once it becomes more sustainable and confirmed he owns Ethereum.
Bitcoin has risen over 3,000 points in reaction to Musk’s remarks.
Ethereum also looks primed for a new uptrend toward $2,300.

Read more

SpaceX owns Bitcoin, Elon Musk and Nic Carter believe BTC is becoming greener

Tesla CEO Elon Musk has revealed for the first time that his firm SpaceX owns Bitcoin (BTC).
The company is yet to officially announce how much Bitcoin it has purchased, however Musk’s other company Tesla purchased $1.

Read more

Ethereum Platform Brought to Space to Provide More Efficient Smart Contract Operation – BeInCrypto

In a space-as-as-service effort, an Enterprise Ethereum Alliance member, SpaceChain, has integrated Ethereum (ETH) technology in space by rolling out on-orbit Ethereum multisignature transaction services.

Read more

SpaceX Launches Flight to ISS with Ethereum Node | Crypto Briefing

Key Takeaways

A SpaceX rocket is carrying an Ethereum node to the International Space Station for SpaceChain.
SpaceChain offers blockchain custody services and claims this project is a sign of decentralization and censorship resistance of blockchain technology.

Read more

Opium and UMA Unveil DeFi Insurance for SpaceX Launches – BeInCrypto

The decentralized finance (DeFi) synthetic derivatives Opium Finance protocol has entered into a partnership with Universal Market Access contracts platform UMA. The aim is to launch decentralized SpaceX insurance using UMA’s Optimistic Oracle.

Read more

Elon Musk: “There will definitely be a MarsCoin” – BeInCrypto

Elon Musk seems to be preparing for the financial future of Mars. On Feb 16, he affirmed via Twitter that there would indeed be a MarsCoin.

Bitcoin (BTC) convert and the world’s richest man, Elon Musk, confirmed that crypto would be coming to Mars.

Read more