Bitcoin’s (BTC) value dipped under the $25K mark on Monday, a level unseen in 88 days, pushing the global cryptocurrency market cap perilously close to falling below the $1 trillion benchmark. Presently, BTC is hovering just above the $25K mark at 2:00 p.m. Eastern Time on Monday afternoon. A Tale of Two Markets: Bitcoin Drops…
Read more
A biography of billionaire investor Elon Musk reveals details about his involvement in the Dogecoin project and an idea to launch a social media platform based on blockchain. The book, which should be available later this month, also mentions a failed attempt by former crypto mogul Sam Bankman-Fried to help Musk’s acquisition of Twitter. Elon…
Read more
Spacex reportedly wrote down the value of its bitcoin holdings by $373 million over the past two years and sold an undisclosed amount of the cryptocurrency. According to reports, Tesla, another company run by billionaire Elon Musk, has taken a similar approach with its bitcoin holdings. Spacex Writes Down $373M in Bitcoin Value On Thursday,…
Read more
Elon Musk revealed that SpaceX holds Bitcoin on its balance sheet in 2021 but the exact amount of company’s holdings remain unknown. SpaceX’s Bitcoin write-down report on Aug. 18 sparked confusion among the crypto community. The report published in Wall Street Journal puzzled many, who questioned whether SpaceX held $373 million worth of Bitcoin and…
Read more
Tesla’s Q2 2023 Update reveals that the American electric car and clean energy company refrained from selling any of its bitcoin (BTC) or cryptocurrency holdings in the previous quarter. For the past three quarters, Tesla has maintained a digital asset portfolio worth approximately $184 million. Tesla Holds Steady on Bitcoin in Q2 2023, Maintains $184M…
Read more
The strongly worded legal filing comes in response to an attempt to have Tesla’s lawyers sanctioned over supposed conflicts of interest and alleged misconduct. Lawyers representing billionaire Elon Musk and Tesla asked a United States district court judge to toss out a motion to have them sanctioned over alleged conflicts of interest in a $258…
Read more
Twitter made an announcement on July 5, revealing that it has been granted money transmitter licenses by three states: Missouri, Michigan, and New Hampshire. These licenses are a part of Twitter’s endeavor to secure money transmitter licenses in all 50 U.S. states. With these recent approvals, Twitter can now function as a payment provider within…
Read more
According to a recent letter viewed by the press, Elon Musk denies being a dogecoin (DOGE) whale in the lawsuit that accuses the Tesla executive of engaging in pump-and-dump activities with the meme coin token, which allegedly harmed retail investors. Musk’s attorney, Alex Spiro, stated in a written communication to the plaintiff’s lawyer that the…
Read more
Elon Musk, the CEO and product architect of Tesla, has been accused of insider trading in a class-action lawsuit involving the meme coin dogecoin (DOGE). The plaintiffs accuse Musk of inflating the price of DOGE by 30% when he changed Twitter’s blue bird logo “to the Dogecoin Shiba Inu logo.” Tesla’s CEO Accused of Insider…
Read more
Billionaire Elon Musk is widely regarded as one of the world’s most successful entrepreneurs and businessmen in the world. He is the founder and CEO of SpaceX, angel investor and CEO of Tesla, owner and CEO of Twitter, founder of The Boring Company and co-founder of Neuralink and OpenAI…. Read More: Elon Musk Net Worth…
Read more
