Tesla Roundup: Crypto Endorsements, Political Backlash, and Charging Innovations

Elon Musk’s Crypto Endorsement and Political Moves Elon Musk, the Tesla billionaire, has recently endorsed bitcoin and backed Howard Lutnick for Trump’s Treasury secretary. This move comes amid Musk’s warnings about U.S. government spending and potential financial emergencies. His endorsement of Donald Trump has sparked anger among some Tesla owners, leading them to buy anti-Musk…

Celsius Network emerges from bankruptcy, creates new Bitcoin mining company

Celsius Network, a cryptocurrency lending platform, has successfully emerged from bankruptcy after completing its plan of reorganization. The plan, which was approved by 98% of its account holders and the Bankruptcy Court, involved distributing over $3 billion of cryptocurrency and fiat to its creditors and creating a new Bitcoin mining company called Ionic Digital. Ionic…

Despite the Fed’s pause on rate hikes, bitcoin loses its early week momentum

LONDON: Bitcoin (BTC-USD) failed to benefit from the Fed’s decision to halt its interest rate increases for now. The Fed announced on Wednesday that it would keep the federal funds rate unchanged at 5.25% to 5.50%, after raising it steadily since March 2022. This was the second time the Fed paused its tightening cycle, which…

Ryan Moore resigns his position as CEO of Mode Global

LONDON, UK: Mode Global Holdings, the LSE-listed Fintech Group announced that Ryan Moore has resigned his position as CEO and director of Mode, with effect from close of business on 18 January 2022. Jonathan Rowland will take over Ryan’s day-to-day duties in the role of Executive Chairman. Jonathan Rowland, Executive Chairman of the Company, said:…

Bitcoin Latinum to launch on 10 more global exchanges in 2022

Bitcoin Latinum (LTNM) announced its upcoming plan to launch on ten additional global exchanges in 2022, bringing its total to 20 publicly-traded exchanges. Bitcoin Latinum currently trades publicly on HitBTC ($6.2 billion in daily volume), FMFW.com ($4.5 billion daily volume), Changelly ($2.71 billion in daily volume), Changelly Pro, LBank ($1.1 billion in daily volume), DigiFinex, Hotbit,…

The best way to convert Litecoin for Bitcoin

Bitcoin was created with the goal of revolutionizing the world of finance. And now it is already quite obvious that it really succeeded. Following the first decentralized digital currency, the second, third appeared, the original technologies were improved. This is how altcoins appeared, in particular – forks, new isolated versions of the source code. Each…

Dispersion Holdings plans to acquire Accru Finance for £8.75mn

LONDON, UK: Dispersion Holdings, an incubator specialising in decentralised finance (DeFi), has proposed acquisition of Accru Finance Ltd, which plans to launch the first internationally-regulated and insured platform for the trading and yield farming of cryptocurrencies, for a consideration of £8.75m to be satisfied by the issue of 250 million new ordinary shares in Dispersion.…

Mode Global partners with THG plc for payments launch

LONDON, UK: Mode Global Holdings has signed an MoU with THG Plc, the proprietary technology platform specialising in taking brands direct to consumers globally, which will see THG brands offering Mode as an additional payment option for customers. Through this partnership, Mode will leverage the power of Bitcoin and Open Banking to bring an innovative…

Mode Global Holdings to launch novel payments and loyalty solution

LONDON: Mode Global Holdings is set to launch its novel payments and loyalty solution powered by Open Banking in Q2 2021, providing merchants with an alternative to rising card interchange fees and boosting loyalty amongst consumers, a news release said. Since Mastercard announced its plan to increase card payment fees, Mode has announced it will…