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“# Don’t expect large firms to follow Tesla’s Bitcoin move, JPMorgan says ” Strategists at JPMorgan Chase, one of the largest investment banks in the United States, believe that Tesla’s $1.5 billion Bitcoin (BTC) purchase will not necessarily trigger a ton of similar investments. A group of JPMorgan strategists led by Nikolaos Panigirtzoglou reportedly argued…
“# Grayscale CEO: Firms race to buy Bitcoin as mood shifts from ‘why’ to ‘why not?’ ” Grayscale CEO Michael Sonnnenshein says institutional demand for Bitcoin (BTC) has only increased, moving into 2021, following a record-breaking year that saw Grayscale’s assets under management soar to new heights. Sonnenshein told CNBC’s Squawk Box on Feb. 10…
“# Avoid hosted crypto wallets ‘at all costs,’ warns Elon Musk ” Freewallet, a hosted crypto wallet service known for offering standalone storage services for cryptocurrencies has seen its marketing attempt rebuffed by Elon Musk. Responding to Freewallet’s self-promotional message, Musk retorted: Any crypto wallet that won’t give you your private keys should be avoided…
“# Monero community wants Elon Musk to add XMR as Tesla payment option ” The Monero community has posted a proposal to add XMR as a payment option on the Tesla website. Shortly after Elon Musk’s Tesla Motors hinted that they may start accepting Bitcoin (BTC) payments its electric cars, the Monero community suggested that…
“#Man launches GoFundMe to send flat-Earther into space” A man fed up with flat-Earthers is crowdfunding a barmy attempt to prove once and for all that our planet is round. Marc Gauld, who describes himself as an “annoyed Scot”, set up a GoFundMe to send one of the deluded conspiracy theorists into orbit. Despite overwhelming…
“# Crypto-friendly US senator invites Elon Musk to move to Wyoming ” Following Tesla’s groundbreaking Bitcoin announcement, pro-crypto Senator Cynthia Lummis set out the welcome mat for Elon Musk in her home state of Wyoming. Taking to Twitter yesterday, Lummis invited the Tesla and SpaceX CEO to consider relocating to “one of the most business…
“# Stablecoin flows hint at $50K Bitcoin after Tesla pump liquidates $500M in BTC shorts ” Bitcoin (BTC) has extended its rally over $46,000 on Feb. 9, a day after a U.S. Securities and Exchange Commission (SEC) filing revealed that Tesla bought $1.5 billion worth of BTC. The price of Bitcoin immediately soared from around $39,000…
“# Bitcoin’s Twitter-volume spikes to new all-time highs on Elon pump ” Social media activity for Bitcoin is at an all-time high following a massive endorsement from Tesla CEO, Elon Musk. Speaking to Cointelegraph, co-founder and CEO of crypto data provider The TIE, Joshua Frank, noted there have been 143,000 tweets over the last 24…
“# Tesla allocates 7.7% of gross cash to Bitcoin ” Tesla (TSLA) sent shockwaves across the financial markets Monday after a United States Securities and Exchange Commission filing confirmed that the electric vehicle maker has added Bitcoin (BTC) to its balance sheet. Tesla’s latest Form 10-K filing for the fiscal year ended Dec. 31, 2020…
“#Tesla buys $1.5B in Bitcoin, plans to accept it as payment” Bitcoin surged to an all-time high Monday after Tesla said it bought $1.5 billion worth of the cryptocurrency. The digital coin climbed 16 percent from a day earlier to a record of $44,801.87 after Elon Musk’s electric-car maker revealed the hefty investment in a…