"We don't plan to invest in Bitcoin," says CEO of company that made the Ponti...

General Motors once had a chance to dominate electric vehicle sales — but it killed the EV1 instead. Will its dismissal of Bitcoin cost it as dearly? Mary Barra, who has served as the chief executive officer of General Motors for seven years, said the company has no immediate plans to emulate Tesla’s Bitcoin purchase.During GM’s Q4 2020 earnings call today, Barra said the firm would monitor demand for customers wanting to pay for vehicles using Bitcoin (BTC), but didn’t intend to make a massive crypto purchase like Tesla just yet. "This is something we’ll monitor and we’ll evaluate," she....


Related News

Deloitte: 82% of Indians Surveyed Plan to Invest in Crypto Once Government Pr...

A recent survey by Deloitte shows that 82% of Indians plan to invest in cryptocurrency when the government provides more clarity surrounding the regulation of crypto assets. Moreover, 77.4% of respondents want cryptocurrency to be treated as securities. Indian Crypto Survey: 82% Plan to Invest in Crypto Once It Is Regulated Professional services firm Deloitte and the Times of India recently conducted a survey on cryptocurrency investing. The results were published Sunday. Out of 1,800 respondents, 55.2% said they have invested in cryptocurrencies and will....

Rio De Janeiro to Invest 1% of Its Treasury in Cryptocurrency

Rio de Janeiro, one of the largest cities in Brazil, will invest part of its Treasury in cryptocurrencies. The announcement was made by the mayor of Rio, Eduardo Paes, during Rio Innovation Week. The plan is to turn the city into a cryptocurrency-friendly hub, and there are other tax incentives that will also be put in place to achieve this objective, according to reports. Rio De Janeiro to Invest in Cryptocurrency Rio de Janeiro, one of the biggest cities in Brazil, will reportedly put some of its funds into cryptocurrency investments, according to statements from mayor Eduardo....

MicroStrategy To Allow Employees To Invest In Bitcoin As Part Of 401(k) Plan

Fidelity Investments has created a 401(k) allowing individuals to invest in bitcoin and MicroStrategy will be the first publicly traded employer to offer it.

Bandai Namco to Invest $130 Million in Building Its Own IP Metaverse

Bandai Namco, a game development and publishing company, has announced its intention of creating its own metaverse to increase the engagement fans have with the brand. The strategy was announced during the reveal of its new mid-term plan, which outlines the roadmap of the company for the next three years. The company expects to spend 15 billion yen ($130 million) on this project. Bandai Namco Seeks to Boost Engagement With Metaverse Project Bandai Namco, one of the leading Japanese game development and publishing companies, is creating its own metaverse. The company announced the....

Fidelity to reportedly allow 401(k) retirement savings accounts to invest in ...

If approved, retirement savers can allocate 20% of their savings portfolio to Bitcoin without the need to open a crypto exchange account. The United States-based retirement plan provider Fidelity Investments will reportedly allow 401(k) retirement saving account holders to directly invest in Bitcoin (BTC).The new Bitcoin retirement investment plan would go live later this year. It will allow over 23,000 companies associated with Fidelity to administrate their retirement accounts to offer Bitcoin investment options to the customers, reported WSJ.If the proposal to allocate BTC to their....