Tag Archives: elon musk

Not long ago, Tesla – the electric car company brought to the financial forefront by South African entrepreneur Elon Musk – announced it had sold a lot of its bitcoin. No doubt the company experienced heavy losses given that when it first bought BTC in 2021, the asset was trading in the $50K range. Elon Musk Will Still Buy BTC in the Future Now, bitcoin is not even half that and trading for about $24,000 per unit, though Elon Musk says that his company would be open to...

Elon Musk has come to his own defense following a recent lawsuit that has been thrown in his direction. The suit is coming from a group of investors who claim they lost millions of dollars on Dogecoin investments after listening to Musk talk it up. Elon Musk Says He’s Not the Bad Guy Musk has always been a crypto bull, especially when it comes to Doge. He was long rumored to be the new CEO of Dogecoin, though sadly, this later turned out to be just an internet rumor....

The Boring Company – an enterprise owned by Elon Musk that provides tunnel construction services to clients – has announced it is permitting customers to pay with Dogecoin. Elon Musk Company Will Accept Doge The move is pushing the goals of crypto closer to being achieved. What many people likely forget is that while digital assets have taken on either speculative or even hedge-like statuses in recent years, many of them were initially designed to serve as payment tools....

The social media accounts of the British Army have been hacked by someone looking to promote a cryptocurrency scam. The YouTube and Twitter accounts of the Army have been overtaken by someone who remains anonymous at the time of writing. They are simply going by the name “psssd” online. The British Army Was Being Used to Promote Crypto The scam involves a new series of non-fungible tokens (NFTs) that resemble a real line of NFTs called “The Possessed.” Experts are...

Billy Markus, co-founder of the popular memecoin Dogecoin (DOGE), said the great majority of cryptocurrency projects in the industry are nothing but scams and garbage with no real value to offer. Markus: 95% of Crypto Projects are Scams In a recent tweet, the Dogecoin creator argued that 95% of cryptocurrencies are worthless as they have succeeded in destroying the reputation of the entire industry. According to Markus, top traditional financial players and most mainstream...

If you’re in Ohio, Kentucky, or Indiana and you fancy purchasing an automobile with cryptocurrency, you may want to stop by the Jeff Wyler Automotive Family auto center. Recently, the company completed its first vehicular cryptocurrency sale, having sold a certified pre-owned 2021 Mercedes-Benz S580 to someone in Saudi Arabia. Jeff Wyler Automotive Sells a Mercedes for Crypto The news is solid in that it’s pushing the goals of cryptocurrency and bitcoin closer to being...

Elon Musk – the South African billionaire and entrepreneur known for both Tesla and SpaceX – has purchased Twitter from Jack Dorsey. The irony of the situation is that one of the world’s biggest social media platforms is being sold by one of the largest crypto fans to one of the largest crypt fans. Elon Musk Is Now Twitter’s New Owner Elon Musk has sworn up and down that his ownership of Twitter will bring about a new level of free speech that many users have not been...

Renowned American rapper and actor – O’Shea Jackson Sr. (better known as Ice Cube) – asserted that he is a supporter of the first-ever memecoin Dogecoin. Thus, he put his name next to the likes of Elon Musk, Roger Ver, Snoop Dogg, Gene Simmons, and more. Ice Cube Among the DOGE Proponents Despite being created as a joke in 2013, Dogecoin emerged as a leading digital asset with a market capitalization of over $17 billion. The token also attracted numerous celebrities who...

The past seven days haven’t been particularly favorable for the cryptocurrency in terms of price action. Bitcoin dropped below $40K and is currently unable to reclaim the important psychological level, while many altcoins followed a similar, if not tougher, path. This time last week, BTC was trading at around $42,000, but this didn’t last long. The cryptocurrency began declining last Friday, and by Saturday, it was already trading below $40K. The beginning of the workweek...

BlueSky, a project funded by Twitter to build a decentralized standard for social media, has stated that the company is not controlled by the company following Elon Musk’s purchase. BlueSky Operates Independent of Twitter In a tweet thread on April 25, BlueSky stated that although it was funded by Twitter, the social media platform does not hold any controlling stake in the platform. BlueSky also clarified that Twitter’s funding came with one condition, that the project...