Tagged: elon musk

Security Token Market Releases Tokenized Stock Arbitrage Report for October 2021

The team at Security Token Market (STM), which is focused on supporting blockchain-based security tokens, has released their Tokenized Stock Arbitrage Report for October 2021. As noted in the report from STM, FTX has seen “record-high” trading volumes. It’s been an “electric month” for tokenized… Read More

Bitcoin Movement Encouraging: Analyst

Bitcoin’s recent movements are encouraging, GlobalBlock sales trader Marcus Sotiriou said in a recent note to investors. Sotiriou said Bitcoin has closed its first decisive week above the 20-week moving average and the 21-week EMA for the first time since it was around $57,000. It… Read More

DogeCoin (DOGE) Now Being Covered by Blockchain Analysis Firm Chainalysis due to Rising Demand

Blockchain analysis firm Chainalysis is pleased to confirm that they now cover the world’s “premiere” memecoin: Dogecoin (DOGE). Once considered “nothing more than a light-hearted joke,” Dogecoin has become one of the “world’s most popular crypto assets, thanks in part to cheerleaders like Elon Musk… Read More

Musk, Dorsey, Wood Support to Return Bitcoin to Previous Highs: Green

Bitcoin will return to its previous highs before 2022 thanks in part to more muted support from notable advocates like Elon Musk, Jack Dorsey and Cathie Wood, deVere Group CEO Nigel Green believes. At the July 20 B Word Conference, Musk, Dorsey, and Wood reportedly… Read More

Bitcoin Records its Weakest Second Quarter Ever, and One of the Weakest Since 2011: Report

The team at NYDIG, a financial services and technology company dedicated to Bitcoin, has taken a look back at the second quarter and the events that “shaped it,” as well as looking forward to key events in the foreseeable future. The report from NYDIG acknowledges… Read More

Musk tweets of accepting green Bitcoin for buying Tesla cars

Elon Musk, CEO of Tesla Inc. (NASDAQ: TSLA), has once again tweeted concerning Bitcoin. Musk said that his company would resume accepting Bitcoins for its electric car transaction only if the cryptocurrency is mined using renewable energy. Musk’s tweet on Sunday, however, failed to lift… Read More

New Crypto Market Entrants After Tesla’s $1.5B BTC Purchase May Have Sold their Bitcoin Holdings to Stronger Hands: Report

Nate Maddrey and the Coin Metrics research team notes that during the past two weeks, crypto was hit by a “double tsunami” of seemingly negative news. Tesla (NASDAQ:TSLA) and SpaceX CEO Elon Musk announced that Tesla would no longer be taking Bitcoin payments while adding… Read More

Bitcoin Mining Operators in N. America Agree in Meeting with Elon Musk to Form Council to Promote Energy Usage Transparency

Michael Saylor, Founder at CEO at MicroStrategy (NASDAQ: MSTR), a business intelligence firm that has invested heavily in Bitcoin (BTC) in order to strengthen its corporate treasury, has revealed that he recently hosted a meeting between Telsa and SpaceX CEO Elon Musk and the leading… Read More

Bitcoin Mining Revenue Declines due to Greater Target Hashrate, Higher TX Fees, Lower BTC Spot Price: Report

The team at BitOoda, a global digital asset financial technology and services platform offering risk management solutions, “best-execution” brokerage and market analysis, has published their Weekly Hash Report (dated 5/17/2021). As mentioned in BitOoda‘s report, Bitcoin (BTC) “sold off 21% to $46,023 as of 5/16… Read More

Bitcoin Price Decline Not Completely due to Elon Musk’s Tweets, as Crypto Investors Turn to Small Cap Altcoins: Report

Nate Maddrey and the Coin Metrics team have noted in their latest State of the Network Report that after Elon Musk helped drive the Bitcoin (BTC) price to around $60,000 (three months back), he’s now managed to send the volatile digital currency markets in the opposite… Read More

BTC Price Continues to Decline but Tesla CEO Elon Musk Clarifies that his Firm has Not Sold Bitcoin Holdings

Tesla and SpaceX CEO Elon Musk, who has a net worth of almost $150 billion (second only to Amazon founder Jeff Bezos at $187 billion) at the time of writing, has clarified that Tesla has not sold any of its Bitcoin holdings. Musk confirmed in… Read More

Cardano Foundation Suggests Cardano x Tesla are “Obvious Match,” after Tesla Says it Won’t Take BTC Payments due to Environmental Issues

After Elon Musk’s Tesla announced that it would no longer accept Bitcoin payments due to concerns regarding the excessive consumption of electricity (and fossil fuels) in BTC mining, the Cardano Foundation has come forward to suggest that Cardano (ADA) and Tesla could potentially be an… Read More

Bitcoin (BTC) Loses Considerable Ground in April, but Ethereum and Altcoins Reach New Highs, OKEx Reports

Bitcoin (BTC) lost considerable ground in April 2021, however, Ethereum (ETH) and other altcoins soared high, OKEx reports in a comprehensive crypto market update. April 2021 finally broke BTC’s winning streak “despite it being a historically positive month for price action,” the report from OKEx… Read More

Elon Musk Yanks Tesla Purchases with Bitcoin Due to Mining Cost, Bitcoin Tanks

Elon Musk has once again altered the trajectory of a cryptocurrency – this time with  Bitcoin. Via Twitter, Musk announced that Tesla will no longer accept Bitcoin due to concerns regarding the cost and affiliated energy usage in Bitcoin mining. Musk stated: “Cryptocurrency is a… Read More

To the Moon! Goldman Sachs MD Exits Bank After Making Big Money in Dogecoin

This is a sign of the times, I guess. According to a report, a Managing Director at Goldman Sachs (NYSE:GS) has exited the vaunted investment bank after making big money in Dogecoin. Beginning in 2021, Dogecoin traded as less than a penny per coin. Jump… Read More

Leading Social Investment Platform eToro Reports how Morgan Stanley has made an “Explosive” Entrance into Crypto Space

Leading social trading platform eToro (which recently announced it will go public in a SPAC deal via FinTech Acquisition Corp. V with valuation pegged at $10.4 billion), noted in an update published earlier this week that stimulus checks had turned the cryptocurrency market green –… Read More

Elon Musk Tweets You Can Now Buy a Tesla with Bitcoin

In a series of Tweets, Tesla CEO Elon Musk said consumers may now purchase a Tesla and pay with Bitcoin.   You can now buy a Tesla with Bitcoin — Elon Musk (@elonmusk) March 24, 2021 Musk went on to explain that this functionality is… Read More

Are NFTs the New ICO? Could NFTs be Deemed Securities? A Top Digital Asset Attorney Explains

It is hard not to know something about the booming Non-Fungible Token or NFT market. Following Beeple’s sale of a digital work of art “Everydays—The First 5000 Days,” auctioned by Christie’s for a whopping $69 million, NFTs officially became a “thing” with non-stop coverage on… Read More

Bitcoin Is like an “Economic Side Show” when Compared to the Fintech Boom, JPMorgan Analysts Argue

JP Morgan says that Bitcoin (BTC) is like an “economic side show” when compared to the emergence of many new Fintech businesses. The bank’s analysts have argued that Bitcoin is a poor hedge against the falling equity prices. The world’s leading digital currency is trading… Read More

Tesla Inc has Already Made $1 Billion off its $1.5 Billion Bitcoin (BTC) Purchase, Outperforming Car Sales in 2020

Elon Musk’s Tesla Inc (NASDAQ:TSLA) has already made a billion dollars in profits from its fairly recent $1.5 billion Bitcoin (BTC) purchase. Notably, these dramatic gains could be substantially more than what Tesla may have made off of its car sales during 2020, according to… Read More

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