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“#Jeff Bezos overtakes Elon Musk as world’s richest person” Jeff Bezos is back on top. The outgoing Amazon CEO took back his crown as the world’s richest person, bringing Tesla chief Elon Musk’s reign to an end after just six weeks. The changing of the guard happened even though both billionaires’ fortunes shrank on Tuesday…
“# Microsoft has no plans to make Tesla-like move into Bitcoin, says president ” Microsoft, the second-largest company in the United States, does not apparently have any short-term plans to put Bitcoin (BTC) on its balance sheet, according to the firm’s president Brad Smith. In a Feb. 16 interview with CNN’s Julia Chatterley, Smith still…
“# Survey finds 5% of corporate CFOs plan to buy Bitcoin in 2021 ” A small scale study of financial executives has found that 5% of companies intend to invest in Bitcoin (BTC) as a corporate asset this year, with a further 11% stating they could do so by 2024. The survey conducted by Gartner…
“#Bitcoin tops $50,000, hits new record as big firms jump in” Bitcoin surged above $50,000 for the first time ever early Tuesday as a growing number of major companies warmed up to the world’s largest cryptocurrency. The bitcoin price hit an all-time high of $50,584.85 around 7:30 a.m., continuing a rally that’s seen the digital…
“# Institutional adoption underscores urgency of clear crypto rules, says Hester Pierce ” As institutions move into the cryptocurrency space, the need for clear rules regarding digital assets is critical, an official at the Securities and Exchange Commission said. SEC commissioner Hester Peirce believes that clear cryptocurrency rules are needed now more than ever due…
“# Bitcoin goes mainstream as institutions hold 3% of BTC’s circulating supply ” Institutional investors are rapidly gobbling up Bitcoin, and at the time of writing, nearly 3% of the Bitcoin (BTC) in circulation are locked up in long-term holdings by these investors. Data shows that 24 entities have amassed more than 460,500 BTC, which…
“# Bitcoin price enters consolidation, but is a rally past $50K now inevitable? ” The price of Bitcoin (BTC) achieved a new all-time high on Feb. 11 as it surpassed $48,500 across major exchanges. Since then, the dominant cryptocurrency has been consolidating, showing no real momentum to break out of the record-high in the near…
“#Elon Musk says he wants new Tesla Roadster to hover” Elon Musk wants Tesla’s new sports car to make 007 proud. The billionaire electric-car tycoon said he’s working on tricking out the forthcoming Tesla Roadster with rocket technology so it can hover above the ground. “I’m trying to figure out how to make this thing…
“# $50B wiped from Tesla after BTC buy — but MasterCard and Twitter surge ” Electric car manufacturer Tesla has seen more than $55 billion wiped from its market cap since announcing the purchase of $1.5 billion in Bitcoin four days ago — but Twitter and MasterCard have headed in the other direction. Since Tesla’s…
“#Is Elon Musk the new stock market oracle?” Has the “Oracle of Omaha” Warren Buffett been replaced by Elon Musk, the “Oracle of Memes”? The futurist billionaire, chief executive of Tesla and SpaceX, and world’s richest person is now also able to move markets, from cryptocurrencies to actual stocks, using a single tweet. It’s a…