Steemychicken Reads week.6
After I took a week of from reading too much news to keep some noise out it's time to continue with What Steemychicken is reading
Tether to buy Bitcoin based on monthly net profits
Tether revealed that it plans to invest a portion of its profits into BTC on a monthly basis. The firm said it will “regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin.”
The announcement comes within a week of the company’s quarterly financial report, where the stablecoin issuer reported $1.5 billion in net profits.
https://cointelegraph.com/news/tether-to-buy-bitcoin-based-on-monthly-net-profits
Elon Musk Net Worth and Crypto Holdings Revealed
According to Forbes’ real-time billionaire list, Musk is currently the world’s second richest man with a net worth of $181.1 billion, with the majority of this wealth coming from his stakes in Tesla and SpaceX. Bloomberg’s Billionaires Index, meanwhile, puts his wealth at $165 billion.
Confirmed Assets
Worth
| Tesla Stock (13%) | SpaceX (around 42%) | Twitter (around 79%) |
|---|---|---|
| $73.66 billion | $57.54 billion | $10.5 billion |
| The Boring Company (90%) | Other Assets | Total Confirmed Assets |
| - | - | - |
| $5.13 billion | $3.23 billion | $150 billion |
https://cryptonews.com/exclusives/elon-musk-net-worth-crypto-holdings-revealed-richest-man-world.htm
Ukraine Grain Export Deal Extended for Two Months
A deal allowing Ukraine to export crops from key ports via the Black Sea will be extended by two months, Turkish President Recep Tayyip Erdogan said.
The agreement — brokered by Turkey and the United Nations — keeps open a major trade route amid Russia’s war in Ukraine, bolstering global food supplies. Moscow had threatened to withdraw from the deal if obstacles to shipments of its own crops and fertilizer weren’t removed.
EU approves Microsoft’s $69 billion acquisition of Activision Blizzard
European Union regulators on Monday approved Microsoft’s
proposed $69 billion acquisition of gaming firm Activision Blizzard, subject to remedies offered by the U.S. tech giant.
https://www.cnbc.com/2023/05/15/microsoft-activision-deal-eu-approves-takeover-of-call-of-duty-maker.html
Bean Shortage Drives Up Cost of Even the Cheapest Cup of Coffee
a shortage of robusta beans is making it increasingly difficult to find a budget-friendly cup.
Hungary to Block Further EU Aid to Ukraine
Hungary will block a further €500 million-euro ($542 million) tranche of EU financial assistance to Ukraine for now and would be reluctant to back further sanctions against Russia, Foreign Minister Peter Szijjarto said on Wednesday.
Posted Using LeoFinance Alpha
@steemychicken1 , Thanks for the news updates.
Sometimes, we don't have enough time to read some vitals news and informations like this. Pretty sure that some hive users don't even read contents anyone.
Contribution
First - Tether seems to be making alots of recent. Opting to investing their profit on BTC is such a great idea.
Second - Elon musk is good in terms of business strategies, which enables his profit flow constantly. One thing i also love about him is his consistency.
I believe it’s good to invest their profits in btc it will keep the put some buying pressure in btc
It seems Microsoft is on a strategic acquisition phase with their recent purchase of Activision Blizzard.
I think it's a good move to invest 15% of their net profits on Bitcoin. The stablecoin giant is making solid gains amidst the crypto uncertainty.
Thanks for sharing.
Microsoft will change the game now it the gaming industry.
Yes, they have deep pockets and are also pursuing the metaverse.
We haven't doubted the wealth of Musk in any way. I think Twitter is one investment that might make him even richer in years to come, maybe aiming for that number of spot.
I believe he bought twitter to boost the recognition of his other business. Controlling such a big platform gives you a lot of political power and he might have the edge when he wants to secure government contracts for Space X
That's true. I'm guessing money plus power is always the endgame. I'll like to see how the space X program goes someday
Thank you for the news, I don't have time to read so many websites. Undoubtedly, the Tether news is incredible for the entire cryptoworld. Tether's profits are increasing, which at least creates a good foundation for a BTC pump
Thanks ! Yes the buying pressure will be a nice thing for the price
Some nice choices to look over, thanks! Damn, my coffee is going to cost me more!
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