Web3 on 🔥 | ⚡ Tesla has dumped 75% of its BTC holdings in Q2

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😱Tencent shuts down Huanhe NFT marketplace⚡ Tesla has dumped 75% of its BTC holdings in Q2🐕 A fresh Dogecoin upgrade goes live

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Tencent shuts down Huanhe NFT marketplace

Tencent's Huanhe marketplace for non-fungible tokens (NFTs) will be shutting down this week, according to sources cited by Shanghai-based technology news outlet Jiemian. The move comes less than a year after the marketplace launched.

Tencent has been a major player in the crypto space, with its WeChat messaging app being one of the most popular ways to buy and sell cryptocurrencies in China. However, the company has been cautious about getting involved in NFTs, with Huanhe being its only foray into the space.

The shutdown of Huanhe is likely to be a setback for the development of NFTs in China. However, it remains to be seen if other Chinese companies will follow Tencent’s lead and launch their own NFT marketplaces.

Telsa has dumped 75% of its BTC holdings in Q2

Tesla has sold off most of its Bitcoin holdings, according to the company's Q2 earnings report. The electric car company revealed that it sold 75% of its Bitcoin holdings this quarter, for a total of $963 million. Tesla said the value of its remaining "digital assets" is $218 million. In February of last year, the company announced it had purchased $1.5 billion worth of the cryptocurrency with its balance sheet capital. Tesla also said it would soon accept Bitcoin as payment for its vehicles. That announcement the crypto markets into a frenzy, driving a number of cryptocurrency prices up and cementing Musk as a de facto spokesperson for the industry.

Now, it seems, Tesla has had a change of heart. The company sold off most of its Bitcoin holdings and it's not clear ifTesla will continue to accept cryptocurrency as payment.

This news is sure to send shockwaves through the crypto community. Some investors will see Tesla's move as a sign that the industry is still too volatile for mainstream adoption. Others will see it as a savvy business decision, taken in order to cash in on Bitcoin's recent price surge. Regardless of how you feel about Tesla's move, one thing is for sure: Elon Musk isn't the ”king of crypto” many thought him to be.

A fresh Dogecoin upgrade goes live

Dogecoin, the popular cryptocurrency known for its Shiba Inu mascot, has just released a new update to its software. According to the Dogecoin Core team, the new 1.14.6 version improves the network's security, efficiency, and UI.

"This is a new minor version release, including important security updates and changes to network efficiency," said Dogecoin Core developer Patrick Lodder in a Github document. "All Dogecoin Core users – miners, services, relay operators and wallet users – are strongly recommended to upgrade."So if you're a Dogecoin user, make sure to update your software and enjoy the improved security and efficiency! And who knows, maybe the Shiba Inus on the Dogecoin logo will start looking even more awesome.

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