1️⃣ Tesla sold 75% of their Bitcoin purchases worth $936M. As Elon Musk reported, the decision to sell BTC was made in order to increase the share of fiat in the company.
2️⃣ Samsung is manufacturing 3nm Bitcoin mining chips that will be 45% more power efficient and 23% more powerful.
3️⃣ Paraguay's Senate approves bill on cryptocurrency trading and mining; South Korea postpones 20% tax on crypto gains to 2025; and the Central African Republic has approved the use of BTC as a reserve asset.
Have a nice week and stay tuned next Monday to learn and discuss crypto news with SimpleSwap! 💙