Bitcoin Exceeded $40,000 Yesterday, Today In Decline

With the news that Amazon will accept payments in Bitcoin this year, bitcoin, which exceeded $40,000 yesterday. However, Bitcoin fell 3.5 percent to $37,100 today. Ether and Litecoin also fell.

The sharp up and down fluctuations in Bitcoin continued with Amazon’s crypto money announcement yesterday, and the bitcoin price rose sharply, reaching the highest level since June 15 with $40,545.

However, the rally came to an end after an Amazon spokesperson denied claims that it would receive cryptocurrency payments this year.

“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true,” said a spokesperson from Amazon on Monday. “We remain focused on exploring what this could look like for customers shopping on Amazon.”

An increasing number of businesses started accepting digital currencies. Thus, this situation began pushing an asset class previously shunned by big financial institutions closer to the common.

In addition, Elon Musk, the CEO of Tesla Inc, indicated last week that the company would most likely resume taking Bitcoin as payment once it completes due diligence on the amount of renewable energy needed to mine the currency.

Record Profit Of $1.1 Billion In The Second Quarter From Tesla

US electric car manufacturer Tesla’s profit, reached a record level of $1.1 billion in the second quarter of this year.

Accordingly, the company’s net profit increased by 998 percent in the second quarter of the year compared to the previous year, reaching 1.1 billion dollars. Tesla announced its net profit of 104 million dollars in the second quarter of last year. Thus, the company’s profit exceeded $1 billion in a quarter for the first time.

CEO Elon Musk did acknowledge that the computer chip shortage hitting all other automakers and many other manufacturers hampered the company’s growth.

“While we’re making cars at full speed, the global chip shortage situation remains quite serious,” he told investors. “For the rest of this year, our growth rates will be determined by the slowest part in our supply chain,” adding that there is a wide range of chips that will serve as that brake on growth.

The company’s revenue in the second quarter of this year, on the other hand, increased by 98 percent compared to the same period of the previous year and rose to 11.9 billion dollars. The company had revenue of $6 billion in the second quarter of last year.

New York City Employees Are Required To Get Covid-19 Vaccine Or Weekly Testing

New York Mayor Bill de Blasio announced that they had required 340,000 employees, including teachers and police, to be vaccinated until September 13. Besides, those who refuse to get vaccinated need to get tested weekly.

Drawing attention to the increasing Covid-19 cases in the country, De Blasio said, “This is about our recovery. It’s about what we need to do to bring New York City back. It’s about keeping people safe.”

Calling on employers in the private sector to introduce similar vaccination or testing practices for their employees, de Blasio noted that despite the increase in Covid-19 cases, they do not plan to require everyone to use masks indoors in the city for now.

It is still mandatory for people who have not had the Covid-19 vaccine to use masks indoors.

In New York, it is stated that the number of cases increased by 300 percent this month due to the Delta variant of Covid-19.

Last week, the municipality made it mandatory for employees in hospitals and nursing homes in the city to have vaccinations or weekly tests.

New York ranks second in the country, with the death toll approaching 54 thousand after the Covid-19 related deaths in California, which exceeded 64 thousand.

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