Let’s look at some charts as we head into the new week. As I said, for those who are concerned about stocks because of the hot inflation data that’s rolling in, they must not be listening to the Fed. The Fed has told us that they see inflation as transitory. And they have told us…
Bitcoin and cryptocurrency prices across the board have struggled this week since a sell-off sparked by Tesla TSLA billionaire Elon Musk and ethereum co-founder Vitalik Buterin helped wipe $300 billion from the market. The bitcoin price has lost more than 20% over the last seven days, dragging down the wider crypto market. Dogecoin, the “joke”…
There’s no shortage of media coverage on Sam Bankman-Fried. He’s a 29-year old, vegan, crypto billionaire who skyrocketed to cult status after capitalizing on the kimchi premium (no not the fermented food – the arbitrage on South Korean cryptocurrency pricing). He then went on to build one of the largest, fastest growing digital asset exchanges…
The bitcoin and cryptocurrency roller coaster has continued its wild ride this week, with, dogecoin, the “joke” digital currency, jumping in value. The dogecoin price has added around 30% over the last 24 hours, climbing after Tesla TSLA billionaire Elon Musk said he’s “working with doge devs to improve system transaction efficiency,” adding it’s “potentially…
Tesla’s stock is down 15% so far this week, lowering the fortune of its billionaire cofounder. Yasin Ozturk/Anadolu Agency via Getty Images The fortune of Tesla’s billionaire cofounder and CEO, Elon Musk, has plunged by more than $20 billion since Musk made his controversial appearance on Saturday Night Live last weekend. Shares of Tesla have…
Dogecoin Moon photoshopped image – pixabay / stux Elon Musk tweeted that he has engaged with “Doge devs to improve system transaction efficiency.” This comes after he tweeted about Tesla ceasing to accept Bitcoin over energy consumption concerns, which sent the entire crypto market downwards. Dogecoin has received an incredible amount of attention due to…
Surprise decision connoisseur Elon Musk, whose relationship with climate matters could best be … [+] described as mercurial. Getty Images Yesterday, Tesla CEO and all-round tech celebrity Elon Musk made (another) surprise announcement. Taking to Twitter, Musk posted a statement saying that Tesla would no longer be accepting Bitcoin as payment for its vehicles. The…
Bitcoin and cryptocurrency markets plummeted by around $300 billion over night before slightly rebounding after Tesla billionaire Elon Musk and ethereum cofounder Vitalik Buterin sent shockwaves through the sector. The bitcoin price briefly dropped under the closely-watched $50,000 per bitcoin level before climbing back above it, while dogecoin, a meme-based cryptocurrency that’s exploded in popularity…
Tesla CEO Elon Musk in Los Angeles. zz/Wil R/STAR MAX/IPx Elon Musk, who has become a volatile force in the cryptocurrency universe, said Tesla is no longer accepting Bitcoin as payment for purchases of its electric vehicles owing to the excessive amount of carbon-based energy it uses. Bitcoin plunged following his comments. “We are concerned…
Dogecoin, the “joke” cryptocurrency that’s a favorite of Tesla billionaire and self-proclaimed “Dogefather” Elon Musk, has doubled in value this week, adding to its already mind-numbing gains this year. The dogecoin price has soared as hype builds ahead of Musk’s hotly-anticipated appearance on comedy show Saturday Night Live (SNL), while analysis revealed exactly how much…