Tag Archives: elon musk

Elon Musk, the latest billionaire to jump on the BTC bandwagon for his company, Tesla, has openly criticized a cryptocurrency wallet called Freewallet app. The executive lashed out on Twitter and urged digital asset investors to steer clear from wallets that don’t provide them with the private keys.Elon Musk’s Security Tip For Crypto InvestorsArguably the most well-known and used phrase in the cryptocurrency space is “not your keys, not your coins.” It refers to the unique way in which...

Dogecoin has had many big fans over the years, perhaps the most notable being Elon Musk, but as of late, it appears to have attracted the attention of rock star Gene Simmons, famous for his time with the band KISS.Gene Simmons Is the Latest Fan of DogecoinOver the past week, Dogecoin has been on something of a roll. The currency – which initially started out as a joke asset and can be identified by the adorable little Shiba Inu dog that serves as its mascot – has surged nearly 400 percent...

They said it couldn’t happen again, folks, but they were clearly wrong. After scathing reports from financial giants like JPMorgan emerged claiming that bitcoin could never hit the $40,000 mark again, the asset has done just that. At the time of writing, bitcoin – the world’s number one digital currency by market cap – has shot past the $40,000 mark.Bitcoin Does What Many Felt Was ImpossibleIn late January, JPMorgan took notice of the sudden decline bitcoin was experiencing. At the time, the...

After Tesla’s purchase of $1.5 billion in bitcoin, speculations emerged in the cryptocurrency field who would be the next giant name to enter the BTC ecosystem. According to Max Keiser, the host of the Keiser Report, it would be the US multinational IT behemoth founded by Larry Ellison – Oracle Corporation.Is Oracle Next?Elon Musk’s Tesla became the latest giant company to allocate considerable amounts into bitcoin after news broke out yesterday that the electric vehicle firm had bought $1.5...

Ronald Stephen Baron, an American mutual fund manager and one of Tesla’s major shareholders, has clearly stated that although Tesla’s recent bitcoin acquisition does not come as a surprise to him, he still wants to explore the possible reason behind the purchase.Bitcoin Buy ExpectedAccording to a report by CNBC on Monday, Baron said that the recent comments made by Tesla’s CEO, Elon Musk, regarding bitcoin gave him hints on the purchase, and so, the announcement, which was made yesterday, did...

Following the news about Tesla’s billion-dollar investment in bitcoin, analysts reveal that the Elon Musk-led company invested around 15% of its net cash into the flagship cryptocurrency.As reported by CryptoPotato earlier today, Tesla made headlines across the crypto verse after it invested $1.5 billion into bitcoin, as revealed in a 10k form filing with the U.S. SEC.Meanwhile, David Lawant, a Research Analyst at Bitwise Asset Management, tweeting shortly after the bitcoin investment, noted...

Today is yet another tumultuous day in the cryptocurrency market. The massive volatility, propelled by the fact that Elon Musk’s Tesla revealed a purchase of $1.5 billion in BTC, caused over $1.34 billion liquidated both long and short positions, though bulls had the upper hand.Things happen quickly in the cryptocurrency market. Bitcoin was trading rather calmly earlier today, making progress towards the $40,000 level after failing to sustain it during the weekend.However, everything changed...

Bitcoin’s price exploded in the past hour following an announcement from the electric vehicle giant Tesla that it had purchased $1.5 billion of the primary cryptocurrency in January. However, the massive volatility and perhaps growing interest have caused technical difficulties for the Malta-based exchange Binance.CryptoPotato reported earlier today that Elon Musk’s Tesla had allocated $1.5 billion in Bitcoin in January 2021, per a Form 10-K filed with the Securities and Exchange Commission...

In a massive turn of events for the entire Bitcoin community, Elon Musk’s Tesla has filed with the SEC, revealing that the company has bought a whopping $1.5 billion in Bitcoin this January.The price of Bitcoin has surged to a new all-time high above $42,000 as an SEC filing revealed that Tesla has bought $1.5 billion of BTC in January.In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not...

Elon Musk is back at it again. This time around, he’s back to his old habits of pushing Dogecoin, calling it “the people’s coin” in a recent tweet and pledging enough support for the asset that it has risen by about 75 percent in the last 24 hours alone.Elon Musk Calls Dogecoin the “People’s Coin”Musk is one of the most confusing figures in the cryptocurrency arena. As the CEO of both Tesla and SpaceX, no doubt the South African entrepreneur has a good handle on technology, but he seems to go...