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Tesla Sold None of Their $312,000,000 Bitcoin in Q3 2023

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Tesla, one of the leading automotive and clean energy companies owned by Elon Musk , announced today that none of their $312,000,000 Bitcoin (BTC) was sold in Q3 2023. The company did not buy or sell any of its Bitcoin, according to its Q3 update. JUST IN: Tesla reveals none of their $312,000,000 #Bitcoin was sold in Q3 2023. — Watcher.Guru (@WatcherGuru) October 18, 2023 It’s another quarter of no sales for Tesla’s Bitcoin pile, which went down $9,000,000 compared to Q2 of this year. Tesla hasn’t bought or sold any Bitcoin since last year’s second quarter. In Q2 2022, it sold more than 30,000 bitcoin , roughly 75% of its holdings, for $936 million. The company initially bought $1.5 billion worth of Bitcoin in early 2021. Tesla Stock is down 4.78% today after market closing, with a value of $242.68 per share. In addition to Tesla’s Q3 Bitcoin holdings, the company also shared that it had a revenue of $23.35 billion. This is down fr...

Neuralink gets FDA approval for ‘in-human’ trials of its brain-computer interface

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The Neuralink device is designed to be surgically implanted and, according to CEO Elon Musk, will eventually be marketed to the general public. Elon Musk’s brain -computer interface (BCI) startup, Neuralink, reportedly received approval from the United States Food and Drug Administration (FDA) to conduct some form of “in- human ” trials for its surgically implanted brain device.  Congratulations Neuralink team! https://t.co/AWZGf33UDr — Elon Musk (@elonmusk) May 26, 2023 It’s unclear at this time what kind of trials the Neuralink tweet is referring to — the only other information mentioned was that the company isn’t accepting applicants yet. Neuralink was denied the FDA’s approval for human trials in early 2022 over several concerns related to safety, which, at the time, the company was reportedly working to resolve. The FDA’s apparent U-turn would indicate that such concerns have been worked out, and the company should then be free to conduct limited testing of its sur...

Elon Musk Reportedly Wants Twitter Payments to be Fiat-Focused with Crypto in Mind

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It was reported yesterday that Twitter has begun entering the necessary channels to adhere to regulatory requirements for eventual payment services. With many in the digital asset industry interested, it has been reported that Elon Musk wants Twitter payments to be fiat-focused with crypto in mind. The billionaire Twitter CEO’s long history with DOGE is well documented, as is his appreciation for crypto. Conversely, Blockworks has noted that his vision for Twitter payments is “fiat, first and foremost,” with crypto as a later addition. Source: Reuters The reports from yesterday stated that Twitter had begun the process of the license application to register the social media platform as a payment service. Moreover, it was noted that the creation of the necessary software has begun under the Musk regime. Subsequently leading many to wonder just what that looks like for the platform. Now, we have insight from various reports that have noted Elon Musk views ...