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.


Markets

USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Bank Collapses

USDC's normally stable price sank to 87 cents from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed.

(DALL-E/CoinDesk)

Videos

Dogecoin Climbs After Elon Musk Tweets Photo of His Dog in Twitter CEO Chair

Meme tokens dogecoin (DOGE) and Floki Inu (FLOKI), named after Elon Musk's shiba inu, are soaring after Twitter CEO tweeted a photo of his dog in the CEO chair. eToro Investment Analyst Callie Cox weighs in on this speculation, warning investors to "be careful."

Recent Videos

Videos

Bitcoin Jumps Back Above $22.5K After CPI Report

Bitcoin climbed back above $22,500 as crypto traders reacted to the Consumer Price Index (CPI) rising 0.5 percent in January. eToro Investment Analyst Callie Cox discusses how the inflation data could impact risk assets and Federal Reserve's upcoming interest rate decisions. Plus, insights on DOGE soaring after Twitter CEO Elon Musk posted a meme involving his dog Floki.

Recent Videos

Videos

Elon Musk Tweets Photo of His Dog as 'New CEO of Twitter,' Dogecoin Jumps

CoinDesk data shows that the price of DOGE has risen over the past 24 hours after Twitter CEO Elon Musk posted a photo joking about his dog Floki as the new boss of Twitter. Musk replaced Parag Agrawal as CEO of Twitter when his acquisition deal for the social networking platform closed on Oct. 27. 

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Markets

DOGE, Floki Soaring After Musk Tweets Photo of His Dog in Twitter CEO Chair

Doge, Floki and SHIB are up, while BONK is flat after Musk declares his dog Floki is an amazing CEO of Twitter and “better than that other guy.”

(Getty Images)

Videos

Elon Musk Wants Twitter Payments System to Integrate Crypto: FT

Twitter is designing a system to permit payments through the social media platform, and although billionaire owner Elon Musk wants it "first and foremost" to be for fiat currencies, he wants the ability to add cryptocurrencies later, the Financial Times reported Monday. Dogecoin (DOGE) spiked to its 24-hour high after the news broke. "The Hash" panel discusses Musk's continued crypto advocacy and outlook for Twitter.

Recent Videos

Videos

BlockFi’s Mining Assets May Head to Market; Musk Wants Twitter Payments System To Accommodate Crypto: RPT

Failed crypto lender BlockFi may sell some assets after a bankruptcy judge in New Jersey expressed approval of the plan as part of Chapter 11 bankruptcy proceedings designed to restore funds to creditors. Plus, the Financial Times reports that Elon Musk wants Twitter's payment system to be able to accept cryptocurrencies.

Recent Videos

Opinion

Tech’s Money Woes: Beginning of the End for Web2?

Gloomy forecasts, mass layoffs and antitrust lawsuits have bruised "Big Tech" over the past year. But that doesn't automatically portend the end of Web2. For Web3 to emerge, we have to address key questions about AI and decentralization.

(Rachel Sun/CoinDesk)

Opinion

The End of Crypto Twitter as We Know It?

An impending departure of millions of users from Twitter could threaten the platform's diversity of viewpoints and force crypto enthusiasts to fully adopt decentralized Web3 social media.

(Rachel Sun/CoinDesk)