Crypto News Recap: Saudi Central Bank researches CBDCs!
- Date: 30-Jan-2023
- Source: Al Bawaba
- Sector:Financial Markets
- Country:Saudi Arabia
Crypto News Recap: Saudi Central Bank researches CBDCs!
This week in Crypto News Recap, Tesla maintains Bitcoin despite market turmoil, Saudi Central Bank studies CBDCs but has no launch yet, Sam Bankman-Fried's team seeks access to FTX funds, and UAE's crypto and NFT markets are booming as the NFT market in UAE is projected to grow 45.5 percent annually. UAE becoming a global hub for NFTs and a desirable destination for business in the industry.
Despite selling off 75 percent of its holdings in the second quarter of 2022, Tesla refused to offload any more Bitcoin during the latter half of the year despite market turmoil.
The company's Q4 results, released on January 25th, showed that it neither bought nor sold any of its Bitcoin for the second quarter in a row. Despite market fluctuations, Tesla's financials indicate that it holds $184 million in digital assets as of December 31st, down from its $218 million in holdings from the previous quarter due to $34 million of impairment charges as the price of Bitcoin declined between the end of September and December.
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