DOGE is set to make its pop culture debut. As a weeklong pump carries the meme cryptocurrency up 12% on the daily to $.33 and a staggering 43.8% higher on a 7-day basis, some are now speculating the rally could be fueled perhaps in part by a social media tease from billionaire Elon Musk that he’ll be participating in a Saturday Night Live sketch titled “The Dogefather.” The Dogefather SNL May 8 — Elon Musk (@elonmusk) April 28, 2021 Musk’s fascination with the digital currency dates back to last year, and he has recently only seemed to double-down on what …

Dogecoin (DOGE), the meme-based cryptocurrency that is a pet favorite of Elon Musk, has a new date for its price diary — Musk’s appearance on Saturday Night Live. In a tweet on Wednesday, Musk described himself as “The Dogefather” as he prepares to host the popular American television show on May 8. The Dogefather SNL May 8 — Elon Musk (@elonmusk) April 28, 2021 Musk is well known for his PR stunts when it comes to Dogecoin, with social media posts often sparking price gains — something which has also benefited Bitcoin (BTC). A familiar scenario for Dogecoin fans, Musk’s …

Billionaire entrepreneur Elon Musk has taken to Twitter to assure the crypto community that he has not sold any of his personal BTC stash despite his company Tesla realizing profits from its recent Bitcoin (BTC) buys. Musk’s comments came in response to accusations from comedian Dave Portnoy that the Tesla CEO had profited from a Bitcoin pump-and-dump engineered through his public statements supporting the cryptocurrency. Rejecting Portnoy’s assertion, Musk stated that “Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet,” adding: “I have not sold any of my …

Tesla Motors sold a portion of its Bitcoin (BTC) holdings in the first quarter of 2021, generating net proceeds of $272 million, the electric vehicle maker reported Monday. In a 30-page slide deck accompanying its quarterly financial results, Tesla noted a $101 million "positive impact" as a result of its Bitcoin sale: "Year over year, positive impacts from volume growth, regulatory credit revenue growth, gross margin improvement driven by further product cost reductions and sale of Bitcoin ($101M positive impact, net of related impairments, in Restructuring & Other line), were mainly offset by a lower ASP, increased SBC, additional supply …

Tesla — a top 10 company in the Fortune 100 that is run by one of the world’s wealthiest people, Elon Musk — transferred $1.5 billion of its treasury cash into Bitcoin (BTC) in early February. Musk’s Bitcoin purchase startled traditional investors, who now had to understand how their investment in Tesla would relate to Bitcoin. Currently, much of Tesla’s revenue comes from selling surplus renewable energy credits, or RECs, which will dry up in the next several years as competing automakers produce their own zero-emissions vehicles and build up RECs with states that require them. In Tesla’s filing with …

A Bitcoin Cash (BCH) YouTuber has promised to buy 111 Tesla Model 3s … but only if Tesla CEO Elon Musk agrees to accept BCH for Tesla purchases from now on. Going by the title “1stmil.com,” the Australian YouTuber explained to almost 8,000 followers over three short videos that he believes Tesla would see a boost in sales as a result as there are many Bitcoin Cash supporters who want to spend their cryptocurrency, whereas Bitcoin (BTC) supporters tend to want to hang on to their holdings. “You will enjoy unbelievable amount of support by people who actually want to …

Dogecoin (DOGE) has been the talk of the crypto town in the month of April. On the first day of the month, it was trading in its usual $0.05 range. On April Fools’ day, Tesla CEO Elon Musk tweeted about the coin yet again. His tweet read, “SpaceX is going to put a literal Dogecoin on the literal moon” — SpaceX being the aerospace company that Musk also founded. Although the tweet was intended as a joke, it set the Shiba Inu-themed meme token on a rally like no other. Within two hours, the price rose by more than 35% …

In the frenzy of a bull market where new projects are popping up daily and social media users scour their feeds to try and catch the next moon coin before it pumps and dumps, it can be a challenge to find projects with long term viability that also have significant upside potential. One token that has undergone several significant price breakouts in 2021 is Syntropy (NOIA), a project focused on transforming the public internet into a secure, user-focused platform with built-in encryption and other performance-enhancing features. Data from Cointelegraph Markets and TradingView shows that the price of NOIA has skyrocketed …

Bitcoin (BTC) may be flagging, but one cryptocurrency could not be less fazed by the market downturn, hitting new all-time highs. Dogecoin (DOGE), the altcoin based on a Shiba Inu meme, passed $0.40 for the first time on April 19, capping weekly gains of 400%. New all-time highs keep coming for DOGE The rags-to-riches moves by DOGE throughout 2021 have wowed pundits and left former bagholders weeping. Now, it appears that even a flash bear market cannot stop its moonshot. Just seven days ago, DOGE/USD traded at $0.07. As Cointelegraph reported, year-to-date gains are now in excess of 7,500%, while …

Depending on where you stand on the GameStop saga, which saw organized retail traders extract $6 billion from Wall Street overnight, you may think someone should either take the matches away from Elon Musk, or give him more. The CEO and “Technoking” of Tesla was accused of pouring “jet fuel” on the GameStop short-squeeze at a critical moment by hedge fund manager David Einhorn, founder of Greenlight Capital, in a letter to investors published on Thursday. Einhorn said Musk and venture capitalist Chamath Palihapitiya were the real instigators behind the short-squeeze, claiming both had supplied “the real jet fuel” for …

The price of Dogecoin has surged seemingly without any push from prominent figures on social media or major developments in the project. According to data from CoinMarketCap, the price of Dogecoin (DOGE) is more than $0.18 at time of publication, with a market capitalization of roughly $23.8 billion. The token’s most recent rally had its price surge more than 63% over the last 24 hours, passing both Uniswap (UNI) and Litecoin (LTC) and become the 8th largest cryptocurrency by market cap. More retail outlets have adopted the currency as a form of payment in recent days. On Tuesday, a popular …

After becoming a corporate pioneer in cryptocurrency adoption, Elon Musk could be about to take the next step and begin paying rent in Bitcoin (BTC). While no announcement has been made by the “Technoking” himself, news broke on Wednesday regarding a partnership between Los Angeles real-estate firm Caruso Properties and the Gemini cryptocurrency exchange, founded by the Winklevoss twins. Following the partnership, Caruso will accept Bitcoin payments for rent at its various retail and residential properties. The firm’s deal with Gemini also saw Caruso convert about 1% of its treasury into Bitcoin, reports the L.A Times. Caruso owns the property …