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“# Bitcoin’s Musk effect: Research shows how Elon moves cryptocurrency prices ” The effect of celebrity tweets on the cryptocurrency market has become a topic of study for researchers after a week in which Elon Musk triggered sizable price surges for both Bitcoin (BTC) and Dogecoin (DOGE). Blockchain Research Lab published a paper on Jan….
“#Elon Musk takes break from Twitter after market-moving posts” Investors who take their cues from Elon Musk may have to go without his occasionally bizarre musings for a spell. The billionaire Tesla boss went on a Twitter hiatus after making several posts that moved markets in recent weeks. “Off Twitter for a while,” Musk wrote…
“# BTC billionaire Tim Draper to Elon Musk: I’d buy the Tesla Cybertruck with Bitcoin ” Tim Draper, the billionaire Bitcoin (BTC) investor who also invested early in Tesla, reacted to the company’s CEO and world’s richest man, Elon Musk, adding #Bitcoin to his Twitter bio to join the likes of Twitter CEO Jack Dorsey…
“# Elon Musk adds Bitcoin to Twitter bio with 43.7M followers ” When the richest man in the world Elon Musk updated his Twitter bio on Jan. 29 — simply adding the word ‘Bitcoin’ — it was followed by a near-immediate 13% increase to the Bitcoin (BTC) spot price. Musk’s bio appeared to be updated…
“# Reddit investing group triggers crypto-style 860% rally in GameStop stock ” Since Jan. 22 GameStop has been attracting a lot of attention from the mainstream news as the stock (GME) for the popular video game retailer rallied 860% from $17.40 on Jan. 4 to a high of $159.18 on Jan. 25. On Jan. 25…
“#Ex-staffer being sued by Tesla denies he stole massive cache of code” Tesla on Friday accused a software engineer of stealing a massive cache of code within days of starting his job — but the ex-staffer claims the case is just a misunderstanding. In a federal lawsuit, the electric-car maker cast Alex Khatilov as a…
“#Elon Musk to award $100M for best carbon capture technology” Elon Musk has $100 million burning a hole in his pocket. The Tesla CEO, who earlier this month became the world’s richest person, said he will award a massive prize to whoever is able to develop the best tool to capture planet-warming carbon emissions. “Am…
“#Seth Klarman likens investors to frogs slowly boiling in a pot” If you start to feel warm — with a sudden urge to hop out of the stock market — there might be a reason for that. A prominent hedge-fund tycoon said investors are like frogs who are getting slowly boiled in a pot as…
“#Tesla Model 3 car reportedly explodes in China” A Tesla Model 3 sedan exploded this week in a Chinese parking garage, according to local media reports. The car blew up Tuesday evening in an underground parking garage in a residential community in Shanghai, where Tesla opened a factory in late 2019, multiple Chinese media outlets…
“#Jim Chanos still shorting Tesla, just more cautiously” Jim Chanos still thinks Tesla’s stock is a house of cards, but he’s adjusting his plan to profit from its collapse. The famed short seller told CNBC on Wednesday that he has turned his disastrous, longstanding short bet against Elon Musk’s electric car company into a put…