Musk revealed that SpaceX owns Bitcoin and that Tesla may be close to accepting BTC payments again after looking into BTC’s sustainability. Tesla CEO Elon Musk has revealed for the first time that his firm SpaceX owns Bitcoin (BTC). However Musk’s other company Tesla purchased $1.5B of the cryptocurrency earlier this year which sparked a major Bitcoin price rally.
Tether promises an audit in ‘months’ as Paxos claims USDT is not a real stable coin
Tether’s general counsel said a full audit is coming in months. In a related development, rival stable coin company Paxos took a swipe at both Tether and Circle in a July 21 blog post claiming that they are “not comprehensively overseen by any financial regulators.” The current market capitalization of USDT is 62 billion according to Tether’s transparency report.
Vitalik Buterin Beseeches Ethereum Crowd in Paris to ‘Move Beyond DeFi’
The founder of Ethereum has high hopes for the network’s uses for social good that go way beyond the fast financial gains of DeFi investing. At the heart of his proposed approach was the use of Ethereum wallets as multipurpose online identities that could be used to sign into a wide variety of Ethereum-based applications.
Record network activity and a second NFT boom send WAX price higher
WAXP price appears to be gaining strength after the NFT-focused project introduced staking, yield farming and partnerships with companies that offer pop culture collectables. The NFT sector was dominating headlines for the second time in 2021, led by a month-long 972% surge in the price of Axie Infinity.
60% of uber-rich family offices considering crypto or own it: Goldman Sachs
15% of Goldman Sachs’ family office clients have already purchased digital assets. A survey conducted by major investment bank Goldman Sachs has found that close to half of its family office clients want to add cryptocurrency to their portfolios, signalling the ultra-wealthy are becoming increasingly bullish on digital assets.