Bloomberg EV Company With Almost No Revenue Posts 3,000% Gain in 8 Months (Bloomberg) — There is nothing about the finances of Blink Charging Co. that would suggest it’s one of the hottest stocks in America.It’s never posted an annual profit in its 11-year history; it warned last year it could go bankrupt; it’s losing market share, pulls in anemic revenue and has churned through management in recent years.And yet a hot stock it is. Investors have bid Blink’s share price up 3,000% over… Source link

getty The US Securities and Exchange Commission reports that Tesla has invested $1.5 billion in bitcoin, citing the interest for greater flexibility in diversifying and maximizing returns on its cash reserves, has prompted many people to rethink their relationship with the cryptocurrency, its potential and its future prospects. Tesla says it understands the volatility of the price of bitcoins, but says it will begin accepting bitcoin payments for its vehicles, making… Source link

Here’s what you need to know: Credit…Philip Cheung for The New York Times Chinese regulators met with executives from Tesla recently after several government agencies reported “an unusual acceleration” of complaints from consumers about battery fires and other quality issues with the company’s electric cars. In a post on the Chinese social media platform WeChat, the State Administration for Market Regulation said officials from five government agencies interviewed Tesla executives and… Source link

XRP projected rangebound movement as the dust settled in its market following a period of high volatility. XMR moved within a horizontal channel and the breakout did not seem imminent over the next few sessions. IOTA could depend on a broader market rally to climb above its local high. XRP Source: XRP/USD, TradingView XRP continued its consolidation phase over the past few days as some cautiousness was observed in its market. The consolidation was preceded by a period of high activity for… Source link

Ethereum slid by 3.84% on Sunday. Following on from a 2.40% decline on Saturday, Ethereum ended the week up by 22.94% to $1,615.32. It was a mixed start to the day. Ethereum rose to an early morning intraday high $1,695.38 before hitting reverse. Falling short of the first major resistance level at $1,735, Ethereum slid to a late afternoon intraday low $1,493.28. Ethereum fell through the first major support level at $1,636 and the second major support level at $1,592. Finding support at… Source link

Source: Adobe/bluedesign While Ethereum (ETH) maximalists are hard at work trying to compete for attention and investments Bitcoin (BTC) is getting, their competitors are now focusing on ETH’s weaknesses. First, Cardano (ADA) Founder Charles Hoskinson has criticized Ethereum 2.0 and its scaling model, while ADA almost doubled in the past seven days. Then, Binance CEO and Founder Changpeng Zhao criticized Ethereum gas prices and compared them unfavorably to the cost of using Binance… Source link

According to the crypto app tracker, State of the Dapps, there are over 3,000 decentralized apps (also known as “dapps”) currently running on the Ethereum blockchain. These apps differ from regular mobile and web-based apps because they aim to hand users more control over the data the apps manage. Traditional apps, such as Robinhood or Twitter, are managed by a central authority, which ultimately has the last word on how their customers’ data is secured and used – for better or Source link

Litecoin price is trading inside a descending triangle pattern on the 12-hour chart. Climbing above $160 decisively can quickly drive LTC towards $200. LTC faces really weak resistance on the way up as bulls hold the momentum. Litecoin price had a significant 7% surge in the past several hours thanks to Bitcoin’s new all-time high at $45,000 after Tesla announced the purchase of $1.5 billion worth of Bitcoin and potentially other digital assets in the future.

Santo Mining Corp. dba Santo Blockchain Labs (OTC PINK:SANP) developers of DNATags™, along with DNAX Brands Inc (DNAX) will convert DNATags™ from Ethereum to the Cardano Goguen. HO CHI MINH CITY, VIETNAM / ACCESSWIRE / February 8, 2021 / DNA Brands Inc. (OTC PINK:DNAX) and Santo Mining Corp. dba Santo Blockchain Labs (OTC PINK:SANP) owners and developers of DNATags™, today announces that DNATags™ will be converting its Ethereum Solidity-based Smart Contract to the Cardano Goguen Smart… Source link

Tesla says it has invested $1.5 billion in the bitcoin cryptocurrency. The electric car manufacturer filed its annual 10-K report with the SEC this morning, and revealed the new bitcoin investment. Tesla says it will also “begin accepting bitcoin as a form of payment for our products in the near future.” Tesla customers have been calling on founder and CEO Elon Musk to accept bitcoin for vehicle purchases recently. Musk has been vocal about backing the cryptocurrency on Twitter, even… Source link