Elon Musk

While one of Dogecoin’s creators is a public Twitter friend of Elon Musk, the other has a vastly more cynical outlook on the billionaire. Jackson Palmer recently called Musk a ‘grifter’, and suggested that he doesn’t even know how to run basic code. The Great Crypto Grift In an interview with the Australian publication Crikey, Palmer echoed some of his past criticisms of crypto. He believes the practice of making money through crypto trading and price appreciation highlights the worst…

Binance – the world’s largest cryptocurrency exchange – is among a list of major equity investors backing Elon Musk’s Twitter bid. The company supported the tech mogul with $500 million, alongside an additional $1 billion from other crypto-supportive firms. Binance Backs Elon Binance’s backing was revealed in an updated Schedule 13D filing with the Securities and Exchange Commission (SEC) on Wednesday. It lists 19 different parties that contributed a total of around $7.1 billion to the Tesla CEO. Elon Musk…

Tesla’s founder and CEO, Elon Musk, withdraws from joining Twitter’s board of directors. Parag Agrawal, Twitter’s CEO announced this in a tweet in the early hours of Monday, 11th April.  Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here,” Agrawal tweeted.  Musk was offered a seat on the board a day after he disclosed a 9.2% stake in the company, which made him Twitter’s biggest shareholder. According to…

Elon Musk recently bought a 9.2% stake in Twitter and joined its board of directors to boot. Though it should bear no logical correlation, the tech giant’s favorite cryptocurrency is rising in light of the news. Dogecoin, which Musk has displayed much fondness for, has a tendency to fluctuate in response to his word. Yesterday, Bloomberg revealed that the Tesla CEO had purchased a 9.2% stake in Twitter for $2.89 billion. Twitter’s stock soared 27% after the reveal, now trading…

With inflation skyrocketing, many people are debating what to do to protect their assets. In particular, investors and regular people alike are debating whether or not cryptos like Bitcoin are a good hedge against inflation. This includes tech billionaires like Elon Musk and Michael Saylor. Inflation in the US has reached the highest level since 1982. In February, consumer prices rocketed up 7.9% on a yearly basis. The trend is a result of the Fed’s unprecedented pandemic stimulus, which could soon…

Kimbal Musk took a straightforward approach when talking about Tesla's investment in Bitcoin. At ETHDenver, Elon's younger brother said the company was "very ignorant" of the cryptocurrency's impact on the environment. His revealing words come little over a year since Tesla had bought $1.5 billion in Bitcoin. Now, crypto enthusiasts wonder whether Kimbal's comments will impact BTC's price like Elon's tweets previously did. Bitcoin Purchase has Divided Tesla Supporters Last year, when Tesla announced a humungous $1.5 billion investment in…

Musk dispelled the rumours that he is the creator of Bitcoin. However, he did share who he thinks he is. Elon Musk, the CEO of Tesla and SpaceX, denied the allegations that he was the creator of Bitcoin. Musk talked about all things crypto in a Tuesday podcast appearance, touting his favourite crypto, Doge. He also discussed who the original creator of Bitcoin might be. Musk responded to a question about the rumours that he was Satoshi Nakamoto, the pseudonymous…

Multiple billionaires engaging in Twitter drama is not something you see every day. Yet that's just what happened - a Twitter fight featuring multiple tech CEOs, from Jack Dorsey to Elon Musk. The reason for the fight? Crypto and Web3. And with so much money in the space, it is no wonder discussions can turn heated. It all started when Jack Dorsey, CEO of Block and former CEO of Twitter, called out Web3. This drew ire from Web3 investors, leading to…

The world of cryptocurrencies has been living, for several years now, in a hype that no other sector can claim to have in our age. Although a biased perception of reality often generates manias, this industry deserves everyone's attention.  Even in the early 2000s, the invention of the internet created enormous euphoria in the financial markets. However, the bursting of the famous dot-com speculative bubble did not stop the web sector from growing and revolutionizing our economy. Excluding the current…