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2021-04-06 08:17:51 Tesla's market value set to gain $50 billion on record EV deliveries

The stock jumped nearly 8% in pre-market trading and it was on track to hit its highest in over a month.

The company said on Friday it was encouraged by the strong reception of its Model Y crossover in China and it was quickly progressing to full production capacity.

Analysts remained hopeful as despite a global chip shortage that has slammed the entire auto sector, various supply chain issues and rising competition, Tesla still managed to produce roughly the same amount of vehicles in the first quarter as in the fourth quarter.

At least three brokerages raised their price targets on Tesla’s stock. Brokerage Wedbush was the most aggressive, increasing it by $50 to $1,000, much higher than the median price target of $712.50, as per Refinitiv data. Wedbush also raised its rating to “outperform” from “neutral”. Open / Comment

2021-04-04 10:33:08 Australia offers $4.6M to blockchain pilots targeting mineral supply chain, food industry

The government of Australian is offering A$3 million (US$2.3 million) in grants to two pilots that will develop blockchain-based solutions targeting the mineral supply chain and food and beverage sectors.

Through its Blockchain Pilot Grants program, the government is offering the funding in a bid to demonstrate the potential for blockchain to reduce regulatory compliance burden for businesses. It will offer the funding to two projects, which can either be a business or a publicly funded research organization.

In its announcement, the government revealed that the objective of the blockchain pilots will include reducing compliance costs for businesses, promoting blockchain literacy, developing blockchain solutions for the government, and supporting the inclusion of blockchain in broader policy work. Open / Comment

2021-04-04 10:32:50 The government of Australian is offering A$3 million (US$2.3 million) in grants to two pilots that will develop blockchain-based solutions targeting the mineral supply chain and food and beverage sectors.

Through its Blockchain Pilot Grants program, the government is offering the funding in a bid to demonstrate the potential for blockchain to reduce regulatory compliance burden for businesses. It will offer the funding to two projects, which can either be a business or a publicly funded research organization.

In its announcement, the government revealed that the objective of the blockchain pilots will include reducing compliance costs for businesses, promoting blockchain literacy, developing blockchain solutions for the government, and supporting the inclusion of blockchain in broader policy work. Open / Comment

2021-03-30 23:26:36 CME launching micro bitcoin futures in May


Derivatives exchange giant CME Group is launching micro bitcoin futures on May 3, subject to regulatory review.

The micro bitcoin futures will be 1/10th the size of one bitcoin and are aimed at providing a cost-effective way to bitcoin exposure.

CME already offers bitcoin futures since December 2017 and is one of the top venues in the crypto derivatives space. Open / Comment

2021-03-28 09:06:58 Wife Leaves Husband After He Refused to Sell Bitcoin at $60K and Bought the Dip

Wife Leaves Husband After He Refused to Sell Bitcoin at $60K and Bought the Dip
Wife Leaves Husband After He Refused to Sell Bitcoin at $60K and Bought the Dip

Bitcoin prices surpassing the $60,000 milestone undoubtedly woke up a massive wave of joy across the crypto community. However, such an accomplishment didn’t bring happiness to a married couple, who split up after a dispute on whether to sell bitcoins at that price level or not.

Wife Left the House to Stay With Her Sisters
According to a post on Reddit, a user named “Parking_Meater” gave his particular testimony on how the bitcoin (BTC) bull-run ended up hurting his marriage. His wife left the house as he didn’t agree to sell the BTC when prices posted the new all-time high at that time.

In fact, Parking_Meater was caught by his wife adding more money to his bitcoin position. Open / Comment

2021-03-26 18:34:58 Bitcoin can reach $400K in 2021 as 'risk-off reserve asset'

In a tweet on March 25, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that this year marked a watershed moment for the largest cryptocurrency.

$400,000 BTC would "rhyme" with history
McGlone uploaded a chart of the BTC/USD average price and the Bitcoin Liquid Index, a price ticker specially created for institutional use.

"Well on its way to becoming a global digital reserve asset, a maturation leap in 2021 may be transitioning Bitcoin toward a risk-off asset, in our view," he wrote.

A potential price peak this year, with previous behavior as context, could be as much as $400,000 per coin, the chart shows. This dwarfs other estimates, such as that of stock-to-flow, which calls for an average of $288,000 between now and 2024. Open / Comment

2021-03-22 15:34:29 Bitcoin Queries Are Surging in Turkey Amid Lira’s Crash

Google searches for Bitcoin exploded over the weekend after Turkey’s national currency dropped nearly 15%.

Turkish residents are searching about Bitcoin after the Turkish Lira dropped approximately 15% within few days. Turkish President Erdogan ordered the removal of the head of the country’s central bank last week and the national currency dropped significantly following the news.

The latest data from Google Trends shows that numbers of searches for Bitcoin spiked nearly 500% within few hours after the news of Lira’s crash. The national currency of Turkey dropped from 0.14 to 0.12 against the US Dollar after the removal of the Governor of the Turkish central bank. Open / Comment

2021-03-21 13:18:19 Bitcoin is now “too important to ignore” given its $1 trillion market capitalization, according to a new report by Deutsche Bank.

The report published Wednesday states that the price of bitcoin (BTC, -4.49%) could continue to rise as long as it continues to attract entry from asset managers and companies.

However, the cryptocurrency is expected to remain volatile due to limited tradeability. Open / Comment