What a man. Peter Obi is God's gift to Nigeria at this time. Ordinarily this election should be a no-contest, but since it's Nigeria, let's plead with our fellow compatriots to do the needful. There's no basis for comparison with the others. 🙏🏾 #LetsTakeBackNigeria
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Tesla sold about 75% of its bitcoin, adding $936 million to its balance sheet
Tesla Inc. said a Bitcoin impairment affected its second-quarter earnings and that it has converted about 75% of its Bitcoin purchases into fiat currency.
The conversions added $936 million of cash to the balance sheet,Tesla said in its earnings statement Wednesday. The automaker didn’t specify the size of the impairment. Bloomberg Intelligence said July 15 that the quarterly results could include a Bitcoin-related charge of about
$740 million.
Tesla CEO Elon Musk has expressed interest in Bitcoin and Dogecoin and at one point allowed customers to buy the company’s electric cars with Bitcoin.
Crypto market back above $1trillion as Polygon and Ethereum surge
Polygon (MATIС) rose nearly 200% in one month. The side-chain of the Ethereum network, which offers much lower transaction fees, now sits at $0.90, up 60% in the last seven days.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, rose 39% in a week and is now worth $1,521.
Bitcoin (BTC) had a great start to the week, breaking through the $22,000 level on Monday and is now trading at $21,822, up 9.2% for the week.
The rally has seen the entire crypto asset class capitalization surpass $1 trillion again after falling below that key psychological level following the Terra/Luna crash in May.
Coinbase shares rose 9% on Monday and ended the day at $58.67.
Dubai plans to create 40,000 virtual jobs within five years
Dubai aims to become one of the world's top 10 metaverse economies under a new strategy that calls for the sector to provide up to 40,000 additional virtual jobs and boost the city's GDP by $4 billion within 5 years.
The government intends to develop global standards for creating safe and secure platforms for users, as well as create the infrastructure and regulations to accelerate the adoption of these technologies.
The plan aims to increase the number of blockchain companies by five times in five years. Dubai already has more than 1,000 companies in the metaverse and blockchain sector, generating about $500 million for the national economy.
Tesla electric car sales gain momentum in Australia
Sales of Tesla Inc. electric vehicles in Australia are quickly gaining momentum and will soon catch up with sales of Powerwall home charging stations in the country.
There are already more than 26,500 Tesla vehicles on Australian roads so far. Dynamics show that Tesla could double that number by the end of the year.
Australia accounts for about 1% of the total number of Tesla vehicles on the road, which totaled 2.5 million worldwide at...
the end of the first quarter of 2022. Electric cars account for just 2% of new car sales in Australia.
Australia is the only market with more Powerwall stations than Tesla cars on the road.
Eye-opening sordid primitive accumulation of real estate by Bola Tinubu in Lagos revealed! This is why he is called the Lagos Landlord. It's the duty of all patriotic Nigerians to prevent this individual from going to Aso Rock Villa. Let's limit this nonsense to Lagos. 🙏🏾
Watch.
Gautam Adani overtakes Gates to become the fourth richest man in the world
Adani's fortune rose to $112.5 billion Thursday, beating Microsoft Corp. co-founder by $230 million.
The Indian tycoon's fortune has grown by $36 billion this year, more than anyone else's, while Gates' fortune has declined as he has stepped up his charitable work and tech stocks have begun to fall.
Adani quickly diversified into green energy, airports, data centers, digital services and media, aligning his strategy with Indian Prime Minister Narendra Modi's nation-building agenda.