Tagged: elon musk

June 14, 2021 @ 7:52 am By Priyanka Pani  |  

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

May 26, 2021 @ 11:21 pm By Omar Faridi  |  

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

May 25, 2021 @ 11:07 pm By Omar Faridi  |  

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

May 18, 2021 @ 11:10 pm By Omar Faridi  |  

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

May 18, 2021 @ 2:29 pm By Omar Faridi  |  

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

May 17, 2021 @ 7:35 am By Omar Faridi  |  

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

May 13, 2021 @ 9:09 pm By Omar Faridi  |  

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

May 13, 2021 @ 7:54 am By Omar Faridi  |  

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

May 13, 2021 @ 12:02 am By JD Alois  |  

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

May 11, 2021 @ 2:47 pm By JD Alois  |  

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

March 26, 2021 @ 1:40 pm By Omar Faridi  |  

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

March 24, 2021 @ 8:23 am By JD Alois  |  

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

March 16, 2021 @ 8:13 pm By JD Alois  |  

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

February 22, 2021 @ 8:52 pm By Omar Faridi  |  

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

February 22, 2021 @ 7:42 am By Omar Faridi  |  

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

February 13, 2021 @ 9:40 am By Omar Faridi  |  

Twitter (NYSE:TWTR) CEO Jack Dorsey confirmed on Friday (February 12, 2021) that he has teamed up with legendary billionaire hip-hop artist and businessman Jay-Z to finance and support projects in Africa and India with Bitcoin (BTC). Money lessons from one of the greatest rappers of… Read More

February 8, 2021 @ 8:57 pm By Omar Faridi  |  

Crypto billionaire Jihan Wu recently announced his departure from Bitmain, one of the world’s leading Bitcoin mining firms. Bitmain co-founder Micree Zhan has also managed to regain control of the leading Bitcoin mining conglomerate after fellow co-founder Wu tweeted a “coded” message explaining the “end… Read More

February 8, 2021 @ 4:20 pm By JD Alois  |  

The big story today is that Elon Musk’s Tesla (NASDAQ:TSLA) has purchased $1.5 billion in Bitcoin. The information was disclosed in a 10-K filing with the Securities and Exchange Commission. While the exact timing of the purchase was not disclosed, Tesla is most certainly in… Read More

February 8, 2021 @ 10:33 am By JD Alois  |  

  Bitcoin is hitting new highs today fololowing a 10-K filed by Tesla (NASDAQ:TSLA) that revealed it had purchased $1.5 billion in Bitcoin and may purchase other digital assets in the future. Simultaneously, Tesla said they expect to commence accepting Bitcoin as a method of… Read More

February 8, 2021 @ 7:54 am By JD Alois  |  

Tesla (NASDAQ:TSLA) has purchased $1.5 billion of Bitcoin, according to a 10-K filed with the Securities and Exchange Commission (SEC). The decision was approved by the Audit Committee of our Board of Directors. Shares in Tesla traded higher in pre-market trading. Tesla said that under… Read More