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Tesla CEO Elon Musk shocked the entire globe with his decision to take over Twitter. While the deal initially fell apart, it managed to finally come through. This $44 billion acquisition, however, entailed the involvement of several investors across the globe. Since this purchase involved foreign governments, as well as investors, Treasury Department officials, began checking to see if they had the authority to review Musk’s Twitter takeover. JUST IN: 🇺🇸 US government is exploring whether it has legal authority to review Elon Musk 's Twitter acquisition, Washington Post reports. — Watcher.Guru (@WatcherGuru) November 2, 2022 The Washington Post reported that it was quite usual to investigate whether a review was necessary, although these preliminary investigations frequently do not result in a complete probe. It should be noted that the Treasury officials were still unsure about the level of access these large investors had. In addition to thi...

Join Our Telegram channel to stay up to date on breaking news coverage Tesla did not sell any Bitcoin during the second quarter of 2022. This is according to the financial documents released by the electric car manufacturer as it prepares to release its third-quarter investor relations call. Tesla holds $218M worth of Bitcoin Elon Musk’s Tesla released a report to the public on Wednesday. The report revealed that the company still holds $218 million worth of Bitcoin. The latest report proves that the company did not sell any Bitcoin during the third quarter. In July, Tesla announced that it sold 75% of its total Bitcoin holdings, valued at around $936 million. After selling this Bitcoin, Tesla revealed that it still held $222 million worth of cryptocurrencies within its balance sheet at the end of June. While commenting on Tesla’s Q2 investor call, the company’s CEO, Elon Musk, said that the company had sold Bitcoin to obtain cash as the company was affected...

Join Our Telegram channel to stay up to date on breaking news coverage The world’s largest exchange, Binance, is set to invest in Elon Musk’s bid to acquire Twitter. The CEO of the exchange, Changpeng Zhao, has said that investing in the deal is one of the critical priorities of the exchange in 2022. Binance to invest in Elon Musk’s Twitter deal Binance had initially been named as one of the companies that would support the initiative of the CEO of Tesla and SpaceX, Elon Musk, to acquire Twitter. Musk is expected to buy Twitter at around $44 billion to make the social media company a private firm . A report by Bloomberg has said that Binance is expected to support Musk in the deal with the financing of up to $500 million. Zhao has also confirmed this deal with Bloomberg, saying that the exchange wanted to invest over $1 billion in mergers and acquisitions in 2022. Binance seems to be lining up its efforts to invest in the media sector . The exchange is also ...