Tesla’s CEO – Elon Musk – bought a new dog and gave him a name (Floki) – so far, nothing out of the extraordinary. But the puppy’s name has caused fluctuations in the cryptocurrency space, with recently emerging coins called Floki skyrocketing in value. The Hype Around Meme Coins and Musk’s Role It’s safe to...Read More
Palantir says it’s preparing for a black swan event with its massive gold purchase this month. Bloomberg reports the company also accepts bitcoin and gold as payment, but no one has paid in either. The Peter Thiel cloud computing company is also interested in accumulating bitcoin, Per a recently report: “The company spent $50.7 million...Read More
The Dogecoin Foundation that was inactive for years, has relaunched, with a new advisory board that includes notable names such as Tesla and SpaceX CEO Elon Musk represented by his associate, and Ethereum co-founder Vitalik Buterin. New Dogecoin Foundation The Foundation was originally established as a non-profit in 2014. In 2013, Jackson Palmer and Billy...Read More
Do you think you can get Elon Musk to retweet your post about this charitable crypto startup known for giving away supercars? Charity-driven crypto startup Carma Coin, known for its high-stake supercar giveaways, is hosting a once-in-a-lifetime opportunity to win up to four Teslas and a $100,000 cash bounty. While Carma Coin has been busy...Read More
The crypto community continues to rally the troops just hours ahead of the crucial vote on digital asset taxation from US Congress. This time, they have received support from one of the most influential people today – Elon Musk. CryptoPotato reported yesterday the controversy that arose from US authorities in regards to the country’s attempt...Read More
Tesla, Elon Musk’s electric car manufacturer, released its quarterly earnings results, reporting more than $1 billion in profits for the first time since its launch. It’s not all fun and games, though. To the delight of Elon’s crypto Twitter fans-turned-haters, Tesla’s investment in Bitcoin made it $23 million in losses after the markets crashed during...Read More
It’s safe to say that this was a rather intense week in the cryptocurrency market, despite Bitcoin being only about 2% up throughout the period. Things started off rather calmly, and the market was pretty flat until Monday. Bears took control and brought the price down to slightly above $30K before landing the final blow...Read More
Elon Musk and Jack Dorsey finally had their face-to-face talk about Bitcoin at “The B Word” event today. Joined by Cathie Wood and moderated by Steve Lee, their long-awaited talk was largely bullish all around – including on Bitcoins energy use, which Elon says he is now more optimistic about. The three began by citing...Read More
The newly launched cryptocurrency Baby Doge Coin will make its debut on NASCAR this Saturday. The professional racer Brandon Brown will drive his No. 68 Chevrolet Camaro, branded with the asset’s symbol. Baby Doge on the Runway The fans of the recently launched digital asset – Baby Doge Coin – will have the chance to...Read More
Tesla’s CEO Elon Musk believes transactions costs and speeds using bitcoin and ether are expensive and slow at the base layer. Instead, he indicated that the meme coin that started as a joke – Dogecoin – could serve as a solution as it minimizes the fees. The popular cryptocurrency YouTuber Matt Wallace, lately focusing on...Read More
After a short break from his usual comments on Twitter about the cryptocurrency space, Elon Musk reminded of his humoristic side with a new set of intriguing posts. Although his tweets contained the word “Doge,” the meme coin failed to increase. However, it turns out that the billionaire had Dogecoin’s baby in mind. Aside from...Read More
After laughing at Jack Dorsey’s proposition for a Bitcoin conference earlier, Elon Musk has actually agreed to a BTC conversation with the CEO of Twitter at the event. As reported earlier, Elon Musk likes to have fun with the cryptocurrency community. Perhaps that’s why he initially laughed at Jack Dorsey’s most recent Bitcoin endeavor. The...Read More
The CEO of Tesla, SpaceX, and The Boring Company, has taken another humoristic stab at BTC maxis by asking how many are needed to change a light bulb. The wave of comments didn’t disappoint from names like Michael Saylor, Dan Held, Raoul Pal, and more. Ever since the start of the year when Musk said...Read More
It seems that the DOGE-year could be over as the meme coin that surged in popularity after numerous Elon Musk engagements is down by roughly 75% since its peak less than two months ago. This highlights the dangers for retail investors who follow celebrities blindly, as many of them are now urging Musk to help...Read More
Bitcoin has to evolve further from this point given the fact that it fluctuates by double-digits after most Elon Musk social media engagements, argued Fundrat’s Managing Partner – Tom Lee. He also opined that the recent price movements show there’s a little-to-no institutional impact on the market yet. BTC Has to Outgrow Musk’s Comments The...Read More
After Tesla stopped accepting Bitcoin as a payment method for its electric cars back in May, Elon Musk has stated that his company would resume receiving Bitcoin transactions, with one condition dependent on the energy consumption. Exactly one month following Tesla’s announcement of halting bitcoin payments, Elon Musk has said on Sunday that the electric...Read More
The story between Dogecoin and Tesla has a new, somewhat unexpected development coming from Europe. A German taxi company that has only Tesla cars has enabled its customers to use DOGE to pay for their rides. CryptoPotato reached out to the firm, called Tesla Taxi Aschaffenburg, to check out why it went that doggy road,...Read More
Bitcoin is trading more or less where it was a week ago, following another seven days of choppy price actions. This time, however, it seems that it was an event that propelled its most recent decline and the catalyst was no other but Elon Musk. Last weekend kicked off with a crash towards $33K on...Read More
In the early hours of Friday morning the Bitcoin provocateur was back stirring the digital pot with another tweet, this time depicting a broken heart. The cryptic tweet hinted at a potential split with Bitcoin which is currently down 42% from its all-time high of $65K in mid-May. #Bitcoin pic.twitter.com/lNnEfMdtJf — Elon Musk (@elonmusk)...Read More
Elon Musk’s debacle with the cryptocurrency community over BTC’s energy consumption levels has turned people against him, revealed a recent report. A company tracking social sentiment has outlined a significant reversal in social media engagements, with the majority taking a negative approach towards Tesla’s CEO. Elon Musk Sentiment Goes Into Negative Territory It’s safe to...Read More
BTC has reclaimed the $40K level after Elon Musk’s surprise announcement that he had spoken to North American Bitcoin miners, who are committing to use renewable resources whilst mining bitcoin, and will request miners worldwide to follow suit. This meeting was hosted by MicroStrategy CEO and Bitcoin advocate Michael Saylor, and it included the leading...Read More
Ripple’s CEO, Brad Garlinghouse, finds “beyond flattering” the accusations that the company he runs has influenced Telsa’s Elon Musk to highlight bitcoin’s energy consumption levels. Beyond Flattering: Garlinghouse One of the most discussed topics within and outside the cryptocurrency community in the past several weeks has been bitcoin’s energy consumption. On one side, environmentalists led...Read More
Volatility could be scary for some BTC investors, but it’s the price to pay for overperforming the S&P index 10x over a decade, said MicroStrategy’s CEO, Michael Saylor. He also described Elon Musk as “enthusiastic” about the bitcoin space following the latest criticism from Tesla’s CEO. Speaking on the enhanced volatility that bitcoin faced in...Read More
In yet another comment on the overall cryptocurrency industry, Elon Musk reaffirmed that he supports it over the existing fiat system. Elon Musk, one of the richest men on the planet and the CEO of Tesla and SpaceX, once again caused a Tweetstorm after saying that he supports crypto over fiat. The true battle is...Read More
This week was particularly turbulent in the cryptocurrency market. Bitcoin’s price crashed to $30K following comments made by Elon Musk, who keeps teasing Dogecoin HODLers. Meanwhile, we also saw old China FUD recycled yet again. Starting off with bitcoin’s price performance, the week was rather unfortunate for bulls. BTC is down about 25% in the...Read More
Bitcoin’s 2021 bull cycle was paused, not entirely stopped, and will resume, opined the founder of SkyBridge Capital – Anthony Scaramucci. In a new interview, the former White House Communications Director addressed the recent environmental issues and called Bitcoin a fully robust monetary network. Yesterday’s market crash that saw bitcoin sliding by more than $10,000...Read More
The price of Dogecoin jumped by 20% in minutes after another pro-tweet from Tesla’s CEO – Elon Musk. The billionaire posted a rather intriguing tweet that included a one-dollar bill and DOGE. In his latest pro-DOGE initiative on social media, Musk posted a picture with a text reading “cyberviking.” In the background, though, there’s a...Read More
Last week, Elon Musk and Tesla shocked the entire crypto industry following an announcement that the electric car company will no longer accept bitcoin payments for “environmental reasons.” A Hard Pill For Bitcoin Maximalists Giving its reasons, Tesla argued that Bitcoin mining operation requires massive energy consumption, which is generated from fossil fuel, especially coal,...Read More
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,...Read More
The shocking announcement made by Tesla and its CEO Elon Musk took the cryptocurrency space by storm. The company’s decision to remove BTC as a payment option for its vehicles and services brought prices down and attracted the world’s attention. Somewhat expectedly, the ever-vocal crypto community was quick to respond, from people canceling their Tesla...Read More
pic.twitter.com/lNnEfMdtJf — Elon Musk (@elonmusk)...Read More
