Tag Archives: Musk

Stop letting random musings on bitcoin from Tesla CEO Elon Musk influence your decisions on how to trade the cryptocurrency and remain focused on the fundamentals, said one crypto expert When Yahoo Finance Live asked Grayscale CEO Michael Sonnenshein if traders should ignore Musk’s comments on bitcoin, Sonnenshein said, “yes.” Grayscale bills itself as the world’s largest digital currency asset manager, managing various crypto ETFs. As usual, traders in bitcoin (BTC-USD) were far from ignoring… Source link

(Bloomberg) — Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases using Bitcoin, triggering a slide in the digital currency. In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” while signaling that Tesla might accept other cryptocurrencies if they are much less energy intensive. He also said the company won’t be selling any of the Bitcoin it… Source link

TipRanks 3 Stocks Trading at Rock-Bottom Prices; Analysts Say ‘Buy’ Investing is all about profits, and part of generating profits is knowing when to start the game. The old adage says to buy low and sell high, and while it’s tempting just to discount cliches like that, they’ve passed into common currency because they embody a fundamental truth. Buying low is always a good start in building a portfolio. The trick, however, is recognizing the right stocks to buy low. Prices fall for a… Source link

Tesla CEO and self-dubbed Technoking is back-peddling on the company’s stance about bitcoin and has suspended purchases of its electric vehicles with the cryptocurrency. The change of stance, which was delivered via tweet, comes just weeks after Tesla CFO and dubbed “Master of Coin” Zach Kirkhorn said the company believes in the longevity of bitcoin, despite its volatility. The tweet from Musk sent the price of bitcoin down more than 4% (and falling). The price of bitcoin is down more than 7%… Source link

* Decision comes just weeks after Tesla began accepting bitcoin * Tesla will retain bitcoin holdings * Musk reiterates faith in cryptocurrencies * Bitcoin “mining” under environmental spotlight (Adds fresh analyst comments in paragraphs 11-17) By Hyunjoo Jin and Kanishka Singh May 12 (Reuters) – Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on the… Source link

Elon Musk said that the satellite, dubbed Doge-1, would be the first-ever crypto in space and the ‘first meme in space’. Photo: Hannibal Hanschke/Reuters A tweet from Elon Musk saying that his SpaceX company would accept dogecoin (DOGE-USD) to fund a lunar mission next year failed to spur the price of the cryptocurrency on Monday. Dogecoin, which had been rallying last week as internet users tried to push the value of the coin to $1 (£0.70), was lower on the day, down 1.1% to $0.53. The Tesla… Source link

Bloomberg China Tech Giants Bet $19 Billion on Global Electric Car Frenzy (Bloomberg) — China is shaping up to be the first real test of Big Tech’s ambitions in the world of carmaking, with giants from Huawei Technologies Co. to Baidu Inc. plowing almost $19 billion into electric and self-driving vehicle ventures widely seen as the future of transport.While Apple Inc. has long had plans for its own car and Alphabet Inc. has Waymo, its autonomous driving unit, the size — and speed — of the… Source link

(Updates price, adds commentary) By Alden Bentley and Gertrude Chavez-Dreyfuss NEW YORK, May 9 (Reuters) – Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a ‘hustle’ during his guest-host spot https://twitter.com/cryptoafricaedu/status/1391373668744372225?s=21 on the “Saturday Night Live” comedy sketch TV show. Dogecoin was quoted as low as $0.416 on crypto exchange Binance… Source link

Tesla CEO and founder and chief engineer of SpaceX, Elon Musk.Photo: Yasin Ozturk/Anadolu Agency via Getty Images The value of dogecoin (DOGE) plummeted from record highs after Elon Musk’s Saturday Night Live (SNL) appearance, disappointing investors who tried to push the coin to $1 (£0.72).  Analysts had expected the Tesla (TSLA) CEO or the “Dogefather” to mention the meme-inspired crypto on SNL and send prices spiking, instead his plug saw the coin crash nearly 25% from $0.69 to $0.48 a… Source link

Hello, and welcome to this week’s edition of the Insider Tech newsletter, where we break down the biggest news in tech, including: Did someone forward this newsletter to you? Sign up here. Soundtrack: This week’s newsletter has been specially designed to be consumed while listening to Serge Gainsbourg’s “Requiem pour un con” This week: A last waltz for Yahoo and AOL … Source link