Tesla annouced that it sold $936 million bitcoin in the second quarter of this year, reducing its holdings by 75%.
The post Tesla sold $936 million in bitcoin in the second quarter appeared first on The Block.
The EU and the US swapped crypto policy insights on stablecoins and other issues during a joint financial forum in Brussels last week. Representatives from the two governments met as part of an EU–US Joint Financial Regulatory Forum from July 13-14, the US Treasury announced. Participants discussed the EU’s new Markets in Crypto-Assets Regulation (MiCA) […]
The post EU, US swap policy intel on European crypto regulation, stablecoins appeared first on The Block.
Quick Take
- Market intelligence series includes our latest on Celsius, Voyager and BlockFi
- Silvergate Capital closed at $79.60 per share, reflecting a +22.4% rally on today’s earnings
- $35.9mm Q2’22 Net Income, +45% on Q1’22 and +72% on Q2’21
- $79.8mm Q2’22 Revenue, +33% on Q1’22 and +88% on Q2’21 and a +11% beat on $71.6mm consensus
- $1.13 Diluted EPS, +43% on Q1’22 and +41% on Q2’21 and a +35% beat on $0.85 consensus
- Announced a $13.44 dividend per share on July 11, 2022
Members of the House of Representatives are working to get a stablecoin bill together for a markup meeting next Wednesday.
The post House lawmakers prep bipartisan stablecoin bill to unveil next week appeared first on The Block.
The developer of the popular video game, Mojango Studios, adopted a restrictive stance on NFTs and blockchain in a July 20 post.
The post Minecraft developer Mojang to restrict use of NFTs, blockchain tech with guideline update appeared first on The Block.
Maryland Democrat Glenn Ivey, who calls for “even-handed” crypto regulation, won a congressional primary on Tuesday.
The post Maryland House primary winner promises ‘even-handed’ crypto regulation appeared first on The Block.
Quick Take
- 12 public mining companies alone spent about $40 million on interest expenses and $77 million on SG&A costs during Q1’22.
- The numbers reflect the impact of operational expansion and financial leverage mining firms took over 2021 and earlier this year.
- With rising energy prices, mining firms may report even higher direct, indirect and interest costs over Q2’22 for each bitcoin mined.
ZkSync 2.0 will go live on mainnet before the end of 2021 and will support Ethereum’s two main scripting languages: Solidity and Vyper.
The post Ethereum scaling solution zkSync announces mainnet launch in 100 days appeared first on The Block.
Bitcoin rallies following its worst quarter in 11 years as the broader cryptocurrency market rebounds from recent lows.
The post Bitcoin rises above $24,000 as crypto market cap retakes $1 trillion appeared first on The Block.
The bill will have to be passed by lawmakers in both the House of Parliament and the Lords to be written into UK law.
The post UK Treasury unveils plan to regulate stablecoins in Financial Services and Markets bill appeared first on The Block.
