Elon Musk

Elon Musk’s love of Dogecoin is nothing new, but he’s starting to give it serious praise beyond just memes. He recently claimed that while Bitcoin makes a good store of value, Dogecoin trumps it as a medium of exchange. Musk has criticized Bitcoin for its low transaction throughput, but the Bitcoin community generally disfavors his solutions. Dogecoin Over Bitcoin? Musk – who was recently named Time’s “Person of the Year” – spoke in an interview with the magazine released today.…

Musk managed to draw the ire of the broader crypto community again while delighting Doge holders. Elon Musk, CEO of Tesla and SpaceX, posted a series of tweets shading Ethereum and Web 3 while touting Doge. Unfortunately, his tweets managed to pump up Doge again for a while. On Thursday, Musk wrote that Web 3, a concept that's widely supported in the crypto community, "sounds like bs." The stance is extraordinary, seeing that his brother, Kimbal Musk, launched an autonomous…

Elon Musk is not happy with how Binance is running its operations today. He targeted Binance CEO Changpeng “CZ” Zhao on the exchange’s handling of recent Dogecoin withdrawal troubles, suspecting “shady” behavior. Not backing down, CZ fired back with his own criticism of faulty Tesla vehicles. Elon Musk Versus Changepeng Zhao The executive feud began with Elon Musk tagging CZ in a Twitter comment earlier today. The comment was left on a CoinDesk tweet quoting the CEO, saying he wanted…

Musk's tweets are shaking the markets again - including Tesla. Specifically, Elon Musk created a Twitter poll to decide whether he could sell 10% of his Tesla shares. The sale could be worth $25 billion. As a result, Tesla crypto tokens dropped 6.8%. Tesla shares in premarket trading soon followed, dropping 5%. The CEO of Tesla and SpaceX decided to engage his Twitter followers on the question of unrealized capital gains. On Saturday, Musk tweeted that he would sell 10%…

Elon Musk says that the United States should do "nothing" to regulate the cryptocurrency sector– unlike China. He also suggests that crypto's advancement can merely be slowed but not "stopped" by governments. Elon Musk On China and Crypto Regulation The "Technoking" aired his thoughts in a recent interview at CodeCon 2021, an annual technology convention. The interviewer started by questioning Musk about China's recent re-ban on cryptocurrency in the country. He speculates that part of China's concern with Bitcoin could…

On 22nd September, Elon Musk tweeted that he wants Doge fees to fall. According to the billionaire, the costs need to drop to increase the crypto's use in payment for retail services. Essentially, Elon played a significant part in Dogecoin in 2021, as he plans to use the coin in his company.  Elon Wants Doge to Reduce Fees Musk noted that lowering the coin's fees would help in the adoption of Doge in actual purchases. Elon's  Tweet Reads: Super important for…

The evolution of cryptocurrencies has reached a tipping point in recent months. Bitcoin's market valuation has surpassed the $1 trillion mark, contributing to the broader crypto market becoming a $2 trillion asset class. According to a report by Citi analysts, crypto exchange trading volumes soared to $500 billion in the first three weeks of this year. In addition, the analysts noted that even though crypto ownership remains primarily retail, interest from institutional players is quickly increasing. Indeed, the crypto industry…

American stockbroker and founding member of the Euro Pacific Asset Management Peter Schiff is skeptical about Elon Musk's idea of a sustainable BTC mining practice. The Tesla CEO attended a meeting hosted by Micro Strategy's head Michael Saylor to urge the North American Bitcoin miners and the global mining community to publish their current and planned energy usage.  In addition to that, the miners in attendance agreed to develop a Bitcoin Mining Council that will encourage sustainable initiatives on a…

Forget Elon Musk's Twitter' jokes' that are dangling the prices of about every cryptocurrency in the industry. NFTs are the hottest thing in the crypto space right now. Perhaps the Tesla founder could soon shift focus and reap big from his frequent Twitter theatrics. Jack Dorsey just made millions from a tweet the other day after creating an NFT from his first-ever tweet. NFTs are in no way a new concept to which the crypto community is rising. The first…