US Bank Lending Drops by Record $105 Billion in Two Weeks, Trillions Moving to Money Market Accounts, Elon Musk Warns ‘Trend Will Accelerate’

The banking industry in the United States is still struggling after the collapse of three major banks. According to statistics, bank lending in the U.S. has dropped by close to $105 billion in the last two weeks of March, which is…

Close to 60,000 BTC Erased From Bitcoin Treasuries in 9 Months, 4 Entities Hold More Than 100K BTC

During the last two years, a number of public and private companies, exchange-traded products (ETPs), and countries have added bitcoin to their balance sheet. However, during the last nine months of 2022, the number of bitcoin stored in these types of…

Elon Musk: US Economy Is Probably in Recession That Could Last 18 Months — Warns It ‘Will Get Worse’

Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the government printed a zillion…

Tesla Hodls Bitcoin: Balance Sheet Shows $1.26B in Digital Assets

Elon Musk’s electric car company, Tesla, is hodling bitcoin. The company’s balance sheet shows $1.261 billion in digital assets. Tesla has neither purchased nor sold any crypto assets since the first quarter of last year. Tesla Continues to Hodl Bitcoin Tesla…

Bitcoin Mining Report Shows Network’s Emissions Account for 0.08% of the World’s CO2

During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental impact. This week, the cryptocurrency firm Coinshares published a report that…

Bitcoin Treasuries List Claims 59 Companies and a Handful of Countries Hold 1.49 Million BTC

304 days or roughly nine months ago, 42 companies held bitcoin on their balance sheet with an aggregate total of 1,350,073 bitcoin on March 1, 2021. Today, metrics indicate there are 59 companies, a few countries, and exchange-traded funds (ETFs) with…

Tesla Informs SEC It May Restart Transacting in Cryptocurrencies

Elon Musk’s electric car company, Tesla, has informed the U.S. Securities and Exchange Commission (SEC) in a quarterly filing that it may restart the practice of transacting in cryptocurrencies for its products and services. Tesla suspended accepting bitcoin in May, citing…

While Musk Mentions Doge Improvements, Dogecoin Developers Continue to Address Scaling Concerns

On Sunday, Elon Musk discussed his relationship with the Dogecoin Foundation and he mentioned a few improvements he’d like to see implemented via Dogecoin Core’s codebase. Meanwhile, Github metrics show developers have been working on Dogecoin Core during the last few…