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In a fiery Twitter exchange that took place recently, tech titan Elon Musk responded to the imminent removal of the bitcoin (BTC) tipping app Damus from Apple’s App Store. The social media platform Damus, backed by former Twitter CEO Jack Dorsey, received a warning from Apple to fall in line with the company’s guidelines or face expulsion. Musk’s response on his Twitter criticizes Apple: If Apple competes against the whole world, Apple will have the whole world against it. This is not a winning scenario. — Elon Musk (@elonmusk) June 13, 2023 Apple’s guideline skirmish with Damus The catalyst for this exchange was an announcement by Damus that Apple had warned the app of its potential removal from the App Store. In an email, Apple indicated that the app’s version 1.4.3 did not meet the review guidelines. More specifically, the issue appears to be with Damus’s tipping function, which allows users to send “tips” to digital con...

Tesla's remaining Bitcoin stash has grown 100% from its November 2022 lows, demonstrating that hodling BTC can indeed pay off. The price of Bitcoin (BTC) has grown by more than 50% since Tesla unveiled its approximately $1 billion BTC sales in July 2022. Are Tesla's Bitcoin trades profitable?  Tesla infamously dumped nearly $936 million of its total Bitcoin holdings in Q2/2022, accounting for 75% of its remaining reserves, to secure a $64 million profit. At the time, Bitcoin was trading about 70% lower than its record high of $69,000 in November 2021. BTC/USD monthly price chart featuring Tesla's Bitcoin sales purchases and sales. Source: TradingView Originally, Tesla purchased $1.50 billion worth of Bitcoin in February 2021 at an average price of $36,000. The company then sold BTC worth $272 million to boost its Q1/2021 accounting by $101 million. The company has nevertheless held on to its remaining BTC as of Q4 2022 despite the price of Bitcoin sitting at bear-market l...