Tesla, MicroStrategy and Block lose nearly $2.5 billion in bear market

 According to the BTC holding data of Tesla, MicroStrategy and Block, these three companies have lost nearly 2.5 billion US dollars in this round of bear market, of which: 1. Tesla holds 43,200 BTC (equivalent to BTC in circulation) 2. The value of Microstrategy’s 129,218 BTC (about 0.615% of the total Bitcoin in circulation) has lost nearly $1.6 billion; 3. Block, a payment company owned by Jack Dorsey, holds 8,027 BTC (about 0.038% of the total Bitcoin in circulation) and has lost nearly $150 million in value. MicroStrategy CEO Michael Saylor previously revealed on social media that the company has $205 million in term loans and needs to maintain $410 million worth of collateral, but MicroStrategy has anticipated volatility and built its balance sheet to be in a bear market Continue to HODL.

NFT racing game KingSpeed ​​has been launched on the main network

 According to official news, the NFT racing game KingSpeed ​​has been launched on the main network, adding new game features and modes, and providing free cars for registered users, and will host a championship with a total prize pool of $10,000. It is reported that the KingSpeed ​​game will use dual tokens KSC and gKSC, of ​​which 1 gKSC=1 KSC. KSC is the game's native token, which can be used to purchase and upgrade in-game items, as well as to redeem and trade. gKSC will be used to reward users and wager in Versus mode.

Colombian Financial Supervisory Authority Sets Regulations for Crypto Trading

The Financial Supervisory Authority, Colombia’s securities and financial regulator, is working on a document to regulate transactions and operations using crypto assets in the country, Golden Finance reported. The group announced that it will submit the document in the coming weeks, which will publish norms for the handling of these assets in Colombia's financial system. The head of the group, Jorge Castagno, made the announcement at an event in Barranquilla. The document, which has to go through a review before it can be approved, has been referred to the Central Bank of Colombia for consideration and feedback. This month, the first bill aimed at regulating the conduct of cryptocurrency exchanges in the country was passed in its first discussions, with regulators hailing it as a way to combat common scams and Ponzi schemes. The relationship between the new norms and how those norms will work with the regulation remains unknown.