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According to publicly available data, Tesla had USD 14.53 billion in cash reserves. This makes Tesla’s purchase of BTC approximately 10% of its cash holdings.
Barring any last-minute regulatory interventions, the launch of the product represents a major milestone for ETH’s mainstreaming at a moment when the asset is setting new record price levels.
The endorsement from Dalio, the latest in a spree of high-profile investors to express revised views on the asset, is a tepid one and reflects the learning curve some institutional investors are yet to overcome.
Suarez is placing crypto at the center of his efforts to attract tech businesses to the city of Miami. He may be the first Western lawmaker to suggest allocating public treasury funds towards BTC.
BTC mining hardware producer Bitmain’s Co-Founder has resigned as CEO and Chairman. The move seems to bring an end to a power struggle with the firm’s other Co-Founder that has been ongoing since 2018.
Last week, crypto analytics and tracing firm Chainalysis released an excerpt of its 2021 Crypto Crime Report that highlighted a drop in crypto transactions associated with criminal activity in 2020 compared to 2019. 
The free 2-day conference, aimed at educating other corporations on how to “plug [BTC] into their balance sheet,” will be watched closely to gauge MicroStrategy’s success in promoting the adoption of BTC.
The statement, an answer to a question regarding the department’s approach to illicit activities and terrorism, speaks to U.S. regulators’ maintaining of crypto policy status quo under the Biden Administration.
From 2009 to 2011, BTC mining was largely performed by hobbyists on non-specialized equipment. It wasn’t until 2013 that interest in mining had increased significantly.
Last week alone, the coin’s capitalization increased by about USD 8 billion despite competing in the saturated smart contract network subset of the crypto space.