Tesla CEO Elon Musk has shared what he believes to be the most important dogecoin improvements. He also clarified that he does not have anything to do with the Dogecoin Foundation and is not investing in the shiba inu (SHIB) token. Musk confirmed that he is only holding three cryptocurrencies. Elon Musk on Dogecoin Improvements,…
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Tesla is currently holding bitcoin worth $1.26 billion on its balance sheet, the company’s third-quarter earnings report shows. The electric car company reported a bitcoin-related impairment of $51 million in the quarter. Meanwhile, CEO Elon Musk tweeted a meme showing the price of bitcoin at $69K and ether at $4.2K. Tesla Continues to Hold Bitcoin…
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The price of the Dogecoin-inspired meme cryptocurrency has been consolidating inside a structure that appears like a Bull Pennant. The Shiba Inu (SHIB) market is in a very strong bull market in 2021, and one major continuation pattern on its longer timeframe charts highlights the scope for an additional 90% upside move ahead. In detail,…
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Tesla’s Bitcoin stash is now worth $1 billion more than when Elon Musk approved the purchase in February. Tesla’s bold foray into the Bitcoin (BTC) market has been paying off in 2021 as BTC’s price has been rallying in October to hit over $58,000 on Oct. 14. Tesla currently holds roughly 43,200 BTC, worth roughly $2.5…
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Volt recently received approval for an ETF that includes stocks in various crypto-related companies. The founder of Volt Equity believes that United States regulators have a fair reason to be slow in approving a pure Bitcoin (BTC)-related exchange-traded fund (ETF). Volt Equity CEO and founder Tad Park voiced support for the U.S. Securities Exchange Commission regarding…
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“Looking back on this in one year, two year, three years from now it could be a monumentally dumb decision but it also could be a great decision,” said Dan Markham. Dan Markham, the creator of the seven-million subscriber What’s Inside YouTube channel, has traded his Tesla Roadster for a single nonfungible token (NFT). In…
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Bloomberg analysts expect a BTC ETF approval in the next few months, and clever options traders might use this strategy to profit from the possibility. Very few events can shake the cryptocurrency markets in a sustainable manner that really sends Bitcoin and altcoin prices into a sharp directional move. One example is when Xi Jinping,…
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New data shows a dramatic rise in the number of Bitcoin wallets holding anywhere between 100 BTC to 1,000 BTC — but there may be a catch. The amount of Bitcoin (BTC) held by whales increased by around 14% after Tesla announced its foray into the cryptocurrency sector in early February 2021. The latest data…
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Michael Saylor has provided more context on the Mining Council, and hopes to combat the anti-crypto narrative with greater Bitcoin mining transparency. MicroStrategy CEO, Michael Saylor has explained the details and thinking behind the formation of the Bitcoin Mining Council. The council was formed on May 25 after Saylor brokered a successful meeting between Elon…
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Elon Musk, here we go again: It is not the first time his reckless tweeting has caused serious problems, but this time they’re for crypto. Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint…
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