Tag Archives: tesla

Elon Musk and Tesla have been in the news a lot as of late, primarily for their roles in the bitcoin community. Just a few days ago, it was widely speculated that Elon Musk was potentially looking into selling all his bitcoins and that he may part ways with his stash. However, while nothing can be said for his personal crypto collection, Musk has assured his social media followers and crypto fans everywhere that Tesla has not parted with any of its digital assets. Elon...

Bitcoin and the rest of the market tanked yesterday. Red was all over the place with double-digit drops across all charts. In BTC’s case, this nosedive came as a continuation of larger retracement that started after the all-time high in April at $65,000. However, how does this correction compare to others? Mid-2021 Correction: What Happened? Before heading into the most recent price developments, it’s worth exploring what transpired before the market got there. In short,...

The honeymoon period between Tesla and Bitcoin may have ended as the latter’s price has returned to levels before the EV-maker entered the scene. Despite the massive crash, though, several on-chain instruments suggest that long-term holders have refused to sell, while some larger whales may have used the opportunity to buy the dip. Bitcoin Back to Pre-Tesla Price Levels Elon Musk’s electric vehicle giant broke the internet in early February when it revealed that the firm had...

It goes without saying that Tesla took center stage last week when the company announced it would no longer support bitcoin payments for its electric vehicles. The message seems to have resonated, as Greenidge Generation Bitcoin Mining has vowed to be carbon neutral in 2021 and beyond. Carbon Neutral Bitcoin Mining After announcing plans to expand its Bitcoin mining operations last month, Greenidge is now looking to go entirely carbon neutral this year and in the future. The...

Bitcoin has taken a nasty slump of roughly 12 percent and has fallen into the high $49,000 range thanks to Elon Musk and Tesla. Elon Musk Says “No” to Crypto Payments Musk – the South African entrepreneur behind the electric car company – made headlines in February when he decided to add approximately $1.5 billion worth of bitcoin to the firm’s asset roster. He later decided that the time had come to make bitcoin a valid payment method for Tesla goods and products. This caused many analysts...

To say that last week was eventful would be an understatement. The entire market went through extreme volatility. Many altcoins charted new all-time highs and went through serious declines as well. Let’s start with Bitcoin. The cryptocurrency is currently down about 10% on the weekly – last Friday, it was trading at around $57K. Unfortunately, it was all downhill from there, with the exception of the first few days as on Monday, BTC had an unsuccessful attempt at the coveted...

It goes without saying that the entire cryptocurrency community was taken ablaze by what happened with Tesla, Elon Musk, Bitcoin, and, somewhat not surprisingly, Dogecoin. Following the electric vehicle manufacturer’s decision to halt BTC payments for its products due to environmental considerations, Elon Musk, the company’s CEO, said that he’s working with Dogecoin developers to improve transaction efficiency. Working with Doge devs to improve system transaction efficiency....

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – wants your opinion regarding Tesla accepting Dogecoin payments in the future. Elon Musk Wants to Know if Doge Payments Are the Right Thing The famed technician has taken to Twitter to ask his followers if Tesla should move forward in its crypto-themed journey and accept Doge for products and services. Apparently, the question is deemed important amongst his social media...

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – is a big fan of bitcoin and many of its crypto cousins, but even he says there are limits to what people can and should be doing. Elon Musk: Make Sure You Invest with Caution Prior to gearing up for his performance on “SNL” as the guest host, he sat down with CNBC and gave his thoughts on some of the big things happening in the world of crypto right now. The man has made...

MicroStrategy – the software firm that ultimately became one of the first (if not the first) institution to publicly support and purchase bitcoin – is taking its love for BTC to even greater heights. In its recent earnings report, the company has stated that it is looking to purchase even more bitcoin in the coming months, and that bitcoin buys will potentially become the norm. MicroStrategy Still Loves Its BTC The report reads: We continue to be pleased with our bitcoin...