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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…
“# 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…
“#Tesla self-driving claim in question: California DMV” Tesla may be misleading consumers by advertising its vehicles as “self-driving,” according to California authorities. The state’s Department of Motor Vehicles is reviewing whether the Elon Musk-owned electric automaker is violating a law that prohibits advertising vehicles as autonomous unless the vehicle meets strict regulatory criteria. A DMV…
“# 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 tweets BTC price bottom? 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is nearing $40,000 this week as “Dogefather” Elon Musk deals out pure pain to hodlers — what’s next? After a traumatic weekend for many crypto investors, Monday is setting the stage for the next chapter in the…
“# Elon Musk hints Tesla may offload BTC, goes to war with crypto Twitter ” Elon Musk appears to have again been the catalyst for Bitcoin’s price shedding more than 10% over the weekend after Tesla’s CEO appeared to suggest the firm may be planning to dump BTC from its balance sheet this quarter. On…
“# Inflation winds stiffen as Bitcoin ballast on balance sheets proves its value ” It surely hasn’t escaped their notice, after all, that a number of public companies that “joined” Bitcoin (BTC) in a big way over the past year recently broadcast strong Q1 2021 earnings. Square, which holds $472 million worth of BTC, for…
“# Early crypto pioneer slams Elon Musk’s ‘hypocrisy’ on Bitcoin payments ” The founder of one of the first physical cryptocurrency exchanges has slammed what he perceives as hypocrisy on the part of Elon Musk, after the Tesla CEO announced the electric car firm would stop accepting Bitcoin (BTC) as a form of payment. The…
“# DOGE surges as Elon Musk says he’s working with devs to ‘improve efficiency’ ” Elon Musk’s latest foray into crypto markets came a few hours ago when he tweeted he is working with the DOGE developers to improve the cryptocurrency’s efficiency “Working with Doge devs to improve system transaction efficiency. Potentially promising.” According to Coingecko, the…
“# Elon Musk loses $20B since SNL, as Michael Saylor comes out firing ” Elon Musk has reportedly lost $20 billion since his May 8 appearance on Saturday Night live, as the news of Tesla halting BTC payments for cars continues to send shockwaves across markets. On May 7, the day before Musk made his…