$118,166.00
-0.09%$3,437.08
8.44%$3.15
7.35%$716.88
3.56%$172.52
5.07%$0.999902
-0.00%$0.2115
6.03%$3,436.34
8.43%$0.311766
3.63%$0.769742
3.00%$46.62
-2.49%$118,006.00
-0.08%$0.466555
1.45%$4,132.90
8.07%$3.99
-0.35%$16.91
3.79%$0.240185
1.86%$494.34
-1.03%$22.57
2.61%$3,683.61
8.52%$0.00001432
4.53%$8.79
-0.63%$3,433.34
8.35%$3.18
2.03%$98.01
1.69%$0.999879
0.01%$1.001
0.17%$45.15
1.28%$4.18
1.44%$337.20
1.75%$118,253.00
-0.03%$0.00001345
3.72%$8.94
-3.71%$1.001
0.05%$4.68
0.62%$322.85
-3.35%$428.83
-3.26%$0.44011
-1.20%$2.74
1.97%$5.17
-0.38%$0.107835
-0.46%$1.18
0.05%$0.961586
1.46%$19.82
1.55%$5.59
0.28%$0.00003835
22.33%$209.76
4.96%$47.21
-0.29%$1.00
0.00%$0.750227
4.03%$0.289398
2.02%$0.09298
4.68%$0.37166
2.88%$1.00
0.09%$0.445178
2.14%$0.02546899
1.00%$4.74
0.89%$0.36226
-1.72%$4.04
3.55%$0.231567
-0.89%$3,437.13
8.59%$0.769117
0.70%$9.87
3.51%$4.52
0.83%$1.11
2.94%$1.059
0.00%$16.12
1.32%$0.00539497
-19.80%$0.0300658
-7.42%$2.66
1.06%$118,210.00
0.16%$0.079334
-0.20%$182.91
4.80%$114.96
1.31%$1.79
5.75%$3,604.81
8.35%$0.5405
3.21%$3,901.08
8.09%$4.89
2.46%$11.79
1.25%$0.999908
0.02%$0.997739
-0.01%$1.42
17.40%$1.96
-0.71%$1.015
28.28%$1.00
0.04%$13.47
1.64%$0.822696
1.60%$1.31
-0.18%$0.080186
2.84%$3,607.69
8.22%$4.36
-1.42%$3,672.26
8.14%$0.01832443
5.09%$0.00012966
29.83%$0.703533
-1.33%$0.382729
4.90%$3,717.58
8.65%$1.78
6.50%$3,618.99
8.44%$1.00
0.04%$117,891.00
-0.01%$1.065
-1.42%$0.104273
0.78%$0.543598
0.56%$0.999811
0.15%$0.166266
9.28%$118,285.00
0.04%$716.61
3.66%$3,339.34
-0.14%$120,693.00
0.36%$194.22
5.27%$1.11
0.03%$0.231156
2.94%$26.82
1.53%$2.56
4.86%$0.555517
-0.38%$226.84
5.54%$0.999375
-0.02%$0.850624
1.74%$0.939937
1.48%$0.01825394
2.66%$0.01695599
0.73%$3,329.67
-0.21%$0.924781
6.90%$2.95
0.74%$0.314957
-0.01%$3,675.90
8.40%$3,447.11
8.77%$10.75
0.01%$0.125636
2.19%$44.41
-0.04%$3,580.81
8.69%$0.272506
-2.51%$111.82
0.01%$4.22
2.88%$0.0000007
-0.51%$0.652029
-0.30%$1.91
-0.25%$0.99845
0.03%$2.11
1.61%$118,159.00
0.07%$1.00
0.03%$0.402805
0.36%$0.01873013
-1.02%$0.00000164
1.14%$1.093
-0.14%$0.456853
-1.83%$3.34
7.93%$3,443.27
8.70%$0.317372
-0.21%$0.061632
6.61%$0.00883627
0.71%$117,574.00
0.49%$0.997703
0.01%$0.00631929
-2.94%$28.72
-3.13%$1.63
3.32%$3,444.05
8.71%$118,059.00
-0.05%$46.72
-2.25%$0.547476
-1.24%$1.31
3.66%$1.00
-0.00%$0.211522
6.17%$6.73
-26.53%$0.328546
-18.13%$0.00918232
9.78%$3,658.84
8.42%$0.66653
-0.11%$0.999832
0.02%$0.144003
-1.14%$0.071583
-4.28%$1.16
0.05%$0.099743
-3.94%$3,795.21
8.44%$0.501794
-1.02%$0.466275
-3.76%$1.001
0.31%$0.658399
2.20%$7.42
-0.94%$46.66
-1.63%$8.40
9.42%$0.404159
2.83%$0.191456
0.41%$3,414.01
7.90%$0.436487
0.97%$49.91
-0.77%$6.61
0.68%$16.34
2.02%$1.47
-1.41%$3,766.16
8.57%$0.326284
-12.59%$0.216002
-6.56%$0.00000045
1.03%$0.00002205
-0.59%$0.060399
-0.18%$2.61
1.06%$5.27
16.65%$1.78
10.69%$3,434.27
8.81%$1.093
0.01%$0.999904
0.00%$3,434.52
8.38%$0.04184582
0.73%$1.003
-0.12%$0.00405673
-3.52%$0.086786
2.39%$0.153498
-1.46%$118,145.00
-0.06%$0.405041
8.14%$1.005
0.04%$0.869861
-0.16%$0.554294
-0.33%$0.00564496
-5.33%$4,147.51
8.31%$1.38
0.46%$0.00733791
-0.08%$0.999901
-0.00%$142.39
5.29%$189.28
5.32%$0.03744949
1.94%$0.560638
3.47%$12.26
3.31%$0.01884468
0.57%$0.0000639
1.16%$118,079.00
-0.09%$0.00397127
23.53%$27.41
2.61%$21.39
0.51%$0.03279455
-1.90%$0.746614
-1.55%$0.82234
4.06%$0.341301
-5.35%$0.999881
0.00%$0.231373
-0.73%$1.14
-0.31%$3,592.37
8.02%$0.00000164
19.61%$22.55
2.61%$0.00389405
1.43%$0.696125
0.53%$3,861.93
8.03%$0.999904
-0.03%$0.99942
0.00%$0.307407
6.98%$0.492303
0.77%$0.99939
0.01%Reading
Cryptocurrency tracking and data site CoinMarketCap has listed a Tesla Model 3, the world’s best selling electric vehicle, above Bitcoin on its site today, a commemorative gesture to celebrate Tesla’s mammoth Bitcoin purchase.
As per the image below, the Model 3 “token” sells for $37,990 (the actual price of the car) with a market cap of $24 billion and a circulating supply of 902,895.
But don’t rush to buy the token just yet: It does not exist. The Model 3 listing has been put up as part of CoinMarketCap’s ‘Untracked Listing’ criteria—defined as an asset/product that may not be listed on the open market but shows crypto adoption, community engagement, innovation, among other factors to signify its importance to the broader crypto ecosystem.
So while the top-ranked cryptocurrency is not a Model 3, an electric sedan produced by Tesla, CoinMarketCap pays homage to what is one of the largest-ever purchases of Bitcoin by a prominent enterprise.
As per a recent filing to the US Securities and Exchange Commission, Tesla noted it picked up over $1.5 billion worth of the world’s biggest asset, stating that it sought new avenues for financial growth. It even said that buyers could use Bitcoin to buy Tesla products in the future—based on legal and regulatory guidelines.
It joined various other businesses and individuals to invest in Bitcoin in the past year. The purchase is second only to American software maker MicroStrategy, which holds the biggest amount of Bitcoin—among all other traditional businesses—as part of its treasury. It purchased over a billion dollars in three phases last year, stating the purchase was a hedge against inflation and a superior alternative to a low-yield economic climate.
Tesla $TSLA has de-risked the acquisition of #bitcoin by public companies and accelerated the digital transformation of corporate balance sheets. Treasurers are now thinking about how to convert a non-performing asset into the best performing asset. https://t.co/7mO7z6WtQ4
— Michael Saylor (@michael_saylor) February 8, 2021
Meanwhile, CoinMarketCap previously commemorated “WallStreetBets,” a financial subreddit, last month in a similar setting. Members of the subreddit drove up the price of GameStop, an American videogame rental company by over 500% in a few weeks, likening the surge to be a move against the financial establishment—one that resonated with the ethos of Bitcoin and other cryptocurrencies.
The U.S. House of Representatives narrowly passed House Resolution 580 with a 217-212 vote on Wednesday, reviving the path forward for three major crypto bills after a record-breaking procedural standoff that stretched nearly 10 hours. Eight conservative Republicans who initially blocked the legislation on Tuesday switched sides after House leadership agreed to attach the Anti-CBDC Surveillance State Act to the National Defense Authorization Act, ensuring the prohibition would pass with the must...
The San Francisco Bitcoin Meetup holiday party in December 2017 was packed with crypto hopefuls. Bitcoin had just hit nearly $20,000. Ethereum was holding steady above $700. Under the glow of fluorescent lights and an air of optimism, two young men posed for a photo that would become one of crypto’s most enduring snapshots. Frédéric Fortier wore an Ethereum sweater. Mathieu Baril wore a Bitcoin one. Their image landed in a New York Times feature published weeks later under the headline: Everyone...
The U.S. Securities and Exchange Commission has delayed its decision on in-kind redemptions for the Bitwise Bitcoin ETF Trust and Bitwise Ethereum ETF, according to a filing on Wednesday, the latest sign of U.S. regulators' restraint even as the political environment for crypto has improved. The SEC will rule by September 8, according to the filing, and could at that point approve or deny the request, or elect to review the matter further, the document said. “The Commission finds it appropriate...
