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Elon Musk
Elon Musk is a prominent figure in the world of cryptocurrencies, known for his involvement and influence within the industry. As the CEO of Tesla and SpaceX, Musk has garnered significant attention for his interest and support of digital currencies like Bitcoin and Dogecoin. While his statements and actions have had a notable impact on the market, it is important to approach his involvement with a critical lens, considering the volatile nature of cryptocurrencies. Musk's tweets and public endorsements have often led to significant price fluctuations, causing both excitement and concern among investors.
Elon Musk Sends a Second Letter to Scrap Twitter Takeover Deal
Tesla CEO Elon Musk sent a second letter calling off his $44 billion acquisition of Twitter, according to a filing with the U.S. Securities and Exchange Commission (SEC). “The Hash” panel breaks down the latest on the Musk-Twitter saga.
Twitter Data Breach Exposes 5.4M Users’ Contact Details
Twitter has suffered a data breach allowing an attacker to access the contact details of 5.4 million accounts. "The Hash" team discusses the key takeaways and where it fits in the timeline of Elon Musk's tumultuous Twitter takeover.
Tesla Sold $936M Worth of Bitcoin in Q2, but Kept Dogecoin
Electric car maker Tesla sold $936 million worth of bitcoin, or 75% of its holdings, in the second quarter to maximize its cash position, CEO Elon Musk said. He added that “we were concerned about overall liquidity for the company, given COVID shutdowns in China. And we have not sold any of our dogecoin.”
Tesla’s Bitcoin Dump; Zipmex Freezes Withdrawals
Bitcoin slips after Tesla announcement, but analysts say we could have seen the bottom. Crypto trading volumes in India recover. Polygon’s ZK solution aims to slash current layer 1 Ethereum network costs by 90%. Singapore-based Zipmex freezes withdrawals. Documents reveal Vauld owes retail customers $363 million.
Bitcoin Slips Below $23K as ECB Raises Rates for First Time in 11 Years
European Central Bank (ECB) has raised interest rates by 50 basis points, its first rate hike in 11 years. IG North America CEO JJ Kinahan discusses his take on what this means for the crypto markets. Plus, Elon Musk disclosed that Tesla sold 75% of its bitcoin holdings last quarter in the latest earnings call.
Musk-Twitter Saga 'Opened Pandora's Box': Analyst
CFRA Senior Equity Analyst Angelo Zino discusses his outlook on Elon Musk stepping away from his Twitter deal and how it "opened a pandora's box." Zino also shares his insights into Musk's influence on social media and the crypto industry.
Twitter Lawyers Characterize Musk’s Deal Withdrawal as ‘Wrongful’
CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the legal and regulatory implications of Tesla CEO Elon Musk’s termination of buying Twitter. Plus, an update on the Three Arrows Capital (3AC) crypto contagion.
