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Tesla
Understanding Elon Musk's Outsized Crypto Market Influence
One tweet from Elon Musk can send the crypto markets soaring or, in the case of Tesla's reversal on bitcoin payments, spiraling. Dogecoin has jumped 22 percent after Musk tweeted that he was working with developers to improve the memecoin's network transaction efficiency. Why does Musk have such an impact on the crypto markets? "All About Bitcoin's" Week in Review panel discusses. Plus, a discussion of Coinbase's first earnings report.
Elon Musk Says He’s Working With Dogecoin Devs to Improve Network
The price of dogecoin surged after Elon Musk tweeted he was working with the joke coin’s developers to improve the network’s transaction efficiency. This tweet follows on the heels of Musk’s announcement yesterday that Tesla would stop accepting bitcoin as a form of payment.
Market Wrap: Bitcoin Falls for Second Straight Day After Tesla Action; Ether Follows
“What saddens me is the way the weak hands and recent buyers see Elon Musk as a prophet, powerhouse and decisive figure in bitcoin,” said one trader.
Bitcoin’s Still a Buy, Despite Tesla, Says Bloomberg’s McGlone
Will the man who forecast bitcoin's price rise to $50K last year be heeded or ignored?
Elon Musk Says Tesla Suspending Bitcoin Payments, Citing Environmental Concerns
In a reversal, Tesla CEO Elon Musk says the electric car manufacturer would no longer be accepting bitcoin payments due to environmental concerns. The price of bitcoin and other cryptocurrencies dropped in response. “The Hash” panel debates the timing and what’s really behind Tesla’s U-turn.
Musk's Motivation
Elon Musk is a person of considerable influence. Is it big enough to get bitcoin to go green?
China’s Miners on Tesla’s Bitcoin 180; Animoca Brands: A Star is Born
Tesla’s Elon Musk backtracks on accepting bitcoin as payment for environmental reasons, and the Chinese mining industry reacts. A blockchain unicorn is born in Hong Kong as Animoca Brands raises $88 million in a new round of fundraising. Huobi Group launches a venture arm for blockchain and DeFi investments. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Did Tesla's 180 on Bitcoin Payments Scare the Market?
Bitcoin prices dropped today after Elon Musk tweeted a statement indicating that Tesla would no longer accept bitcoin payments for its electric cars. Many in the crypto ecosystem blame Musk, but is the tweet really to blame for bitcoin's drop? And if it is, is it cause for concern that the behavior of individuals can so drastically impact the crypto markets? Kyle Samani of Multicoin Capital weighs in.
MicroStrategy Keeps Buying Bitcoin, Adds Another $15M
CEO Michael Saylor continues policy of buying the crypto asset at set intervals.
