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“# Bitcoin price dip below $40K costs Tesla nearly 100% of its BTC profits ” Bitcoin (BTC) fell below $40,000 on May 19 as bearish sentiment continued to dictate price direction resulting in the cryptocurrency market losing $350 billion in value. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Analysts calm as BTC/USD hits 15-week lows…
“# More than half of Australians think Elon Musk invented Bitcoin: Survey ” Australians’ knowledge of cryptocurrency could use some improvement, as more than half of them think that Elon Musk created Bitcoin (BTC), according to a new survey. Finder, Australia’s most visited comparison website, conducted a survey of 1,004 Australians to find out more…
“# Ark Investment tips $20M into Grayscale Ethereum Trust ” Cathie Wood’s Ark Investment has reported holdings of 639,069 shares in Grayscale’s Ethereum Trust for Q1 — currently worth around $20.9 million at today’s prices. ARK Investment has bought 639,069 shares of the Grayscale Ethereum Trust. pic.twitter.com/ofXD5F7QpA — Documenting Ethereum (@DocumentEther) May 18, 2021 The…
“#Elon Musk impersonators stole over $2M in crypto scams: feds” Impersonators of Tesla CEO Elon Musk have stolen at least $2 million in cryptocurrency scams over the past six months, according to federal regulators. The thefts are part of so-called giveaway scams in which grifters pose as celebrities or well-known figures in the crypto world…
“# Bitcoin’s drop from $64K comparable to Black Thursday, but Coinbase outflows hint at accumulation ” Elon Musk and COVID-19 have something in common: They have both panicked investors — at least once — into dumping their Bitcoin (BTC) holdings. The similarities notched up higher in the previous six days as Musk doubled down on…
“# Breakneck speed of crypto adoption could result in whiplash, warns wallet exec ” Cryptocurrency adoption on a United Kingdom-based payment app is booming in the first quarter of 2021, but whether that trend continues could depend on the actions of Bitcoin (BTC) evangelists like Elon Musk, warns STICPAY director James Bay. The mobile payments…
“# Elon Musk impersonators make bank as crypto scammers’ profits surge ” The United States Federal Trade Commission has found that crypto scammers’ profits spiked in the last two months, noting a surge in fraudulent impersonators posing as prominent figures associated with digital assets, such as Elon Musk. The findings report that cryptocurrency investment scams…
“# Is Bitcoin nearing another Black Thursday crash? Here’s what BTC derivatives suggest ” Bitcoin’s 51.4% crash in March 2020 was the most horrific 24-hour black swan event in the digital asset’s history. The recent price activity of the past week has probably resurrected similar emotions for investors who experienced the Black Thursday crash. Over…
“# Buy or hodl, says investor Raoul Pal as Bitcoin price chart hints at ‘falling wedge’ ” Raoul Pal wants Bitcoin (BTC) investors to mobilize their trades against Elon Musk. The macro investment strategist advised traders to either accumulate or preserve their Bitcoin holdings just as the flagship cryptocurrency suffered massive declines over the weekend and…
“# All hail the Shiba? Rise of Dogecoin pretenders fueled by meme frenzy ” Shiba Inu (SHIB) has been the talk of the cryptoverse and mainstream media recently. It is a meme coin themed around the Shibu Inu dog, a Japanese dog breed that Dogecoin (DOGE) is also basing its image on. According to data…