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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 Second Letter Terminating Twitter Acquisition
The letter follows one sent July, in case the earlier one is deemed invalid, according to a filing.
Institutional Traders Have Mixed Views About Tesla’s Decision to Sell Bitcoin
“Macro and micro factors are complex, and cash on hand is welcome,” a trader interviewed by CoinDesk said.
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.
Does Crypto Still Care About Elon Musk?
Tesla’s initial BTC purchase contributed to a wild, two-year price climb. But markets were unfazed after the car company offloaded most of its bitcoin.
What Tesla’s Big Bitcoin Sale Means for Other Firms Putting Crypto on Their Balance Sheets
Corporations are likely to remain cautious on adding bitcoin to their treasuries, but not because of Tesla’s move.
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.
Tesla's Musk Remains Open to Buying More Bitcoin After Selling in Q2 to Raise Cash
The CEO said the EV company could add to its position again in the future but now he wants to boost its cash position.
