A crypto crutch for Tesla? How a 30% Bitcoin rally is propping up a challenging earnings picture
Tesla’s Bitcoin (BTC) holdings are now worth ~$1.2 billion after a 30% BTC price rally in Q2. A new US accounting rule (FASB) now allows Tesla to report the fair…
Thailand approves tax exemption for crypto earnings
Thailand cabinet approves tax exemption for crypto earnings, according to local media outlet Bangkok Post. New measures take effect on January 1, 2024. Thai government expects to raise 18.5 billion…
Miner earnings from Bitcoin fees decline 90% from peak of BRC-20 frenzy
Bitcoin miners’ revenue from fees dropped 90% since the BRC-20 peak, from $17.8 million daily to $1.7 million per day as of 29 May, 2023. However, current levels remain within…