Crypto News # 1: Tesla earns a billion Bitcoin and Binance burns its dollars

Tesla earns 1 billion thanks to Bitcoin!

You probably remember it: Elon Musk was talked about last February when he said he bought $ 1.5 billion in Bitcoin for his company Tesla. Prices have fluctuated since, but according to site data Bitcoin Treasuries which keeps the accounts of the big whales of the sector, the gain is + 71%, that is to say a profit of 1.07 billion dollars! Elon had a hollow nose, but he still sold 10% of his capital in April. If he had kept them, Tesla would have made an additional $ 280 million.
What a loser this Elon! #HOLD

Will Bitcoin beat its all-time high?

Bitcoin started to rise again, touching its ATH of $ 64,800 with a price of $ 62,293 this morning, October 19 at 11 a.m. Not bad for the BTC that everyone gave for dead in the dead of summer. Even if we know that cryptos do as they please, there may be a reason this time … Indeed,
the SEC (Securities and Exchange Commission), the equivalent of our AMF, has just encouraged traditional investors to speculate on the price of Bitcoin by authorizing an ETF (Exchange Traded Funds). In short, it is an “investment fund whose objective is to replicate the performance of a given index”. A kind of recognition on the part of the markets which had its small effect …

Binance burns $ 639 million

It’s become a habit at Binance: they burn money! Indeed, on the day of October 18, 2021, the buy / sell and trading platform threw out the window the sum of 1,335,888 BNB (their house crypto which experienced a considerable boom at the start of the year. ). At $ 478 each (€ 410), that’s $ 639 million thrown out the window. Not the window? Not really since this kind of operation is mainly intended to increase the value of tokens in circulation and strengthen its standing on the markets. And it did not fail since the BNB is currently at $ 493… FYI, in January it was still at $ 40.

#Binance 17th Quarterly Completes #BNB Burn

🔥🔥 $ 639M USD has been burned! 🔥🔥

➡️ https://t.co/dJkLs4QsnM pic.twitter.com/bHlYPwcQUt

– Binance (@binance) October 18, 2021

Salvador: the Bitcoin pill does not work?

Since last month, it is possible to buy a McDonald’s menu or a car with Bitcoin in El Salvador. This country of 6.5 million inhabitants became in September 2021 the first state in the world to make Bitcoin legal tender. Both a way to talk, to attract potential investors, but also to allow foreign workers to send money to the country without paying crazy taxes to Western Union, this measure does not really fit into this small republic where the demonstrations against the young president Nayib Bukele never end. But without being a specialist in Salvadoran politics, Bukele is quite divisive. Opposed to same-sex marriage, abortion and very liberal, he is known to have lowered the homicide rate, but his opponents mainly accuse him of forging links with criminal gangs to have peace.
Well in the end, it may not be for his love of Bitcoin that Nayib Bukele is in trouble …

Where to buy cryptos in 2021?

Do you want to take the plunge? Buying Bitcoin or cryptocurrency has never been so easy and secure with Coinhouse. It is a French site recognized and registered with the AMF (Autorité des Marchés Financiers) which offers crypto-assets with high potential: Bitcoin, Ethereum, Cardano, Litecoin, Ripple, Tezos, Stellar Lumens, Polkadot, VeChain, etc. With them it is possible to pay by credit card, but the commission is even more advantageous by bank transfer. It is very easy to register with just two documents and in a few hours you can already acquire your cryptos. Coinhouse allows you to keep your assets for free on the site, but you can very well collect them from an external wallet. This is not an “eToro” site: you really own the cryptoassets and do what you want with them. On Coinhouse, you can follow prices, buy, sell and profit from the new EUR-L currency pegged to the euro. Welcome to the club of cryptocurrency owners!