It may be an April Fool's Day prank, but when it comes to meme-based cryptocurrency Dogecoin (DOGE), it hardly matters. Musk: SpaceX taking Dogecoin to "literal moon" After a fresh tweet from Tesla CEO Elon Musk, DOGE/USD shot up 35% in minutes on April 1, hitting six-week highs. Musk, newly dubbed the "Technoking" of Tesla, is known for his tongue-in-cheek Dogecoin publicity, and his antics on Twitter and in interviews have already succeeded in boosting the altcoin's price. This time was arguably the most overt example of "memeing" a cryptocurrency to the moon, however, as Musk promised that his other …
It is estimated that Satoshi Nakamoto, the creator of BTC, will become the world's richest person if the price of Bitcoin (BTC) hits approximately $182,000. As of March 2021, Amazon founder Jeff Bezos is the richest person on earth with a net worth of $181.6 billion. Elon Musk, the CEO of Tesla, is a close second at $163.7 billion, owning more than 20% of the electric car maker. How much BTC does Satoshi Nakamoto have? Satoshi Nakamoto, the creator of Bitcoin, released the Bitcoin whitepaper in October 2008 under a public MIT license. On Jan. 3, 2009, Bitcoin's first block, …
Controversial Bitcoin (BTC) spin-off Bitcoin Cash (BCH) has hit new all-time lows against its parent after Tesla publicly rejected using it for payments. In a series of tweets on March 24, CEO and "Technoking" Elon Musk confirmed that U.S. customers could now buy a Tesla using BTC — but his company shunned "fork products" such as BCH. Tesla: Don't send us anything but BTC Bitcoin Cash spun off from the Bitcoin blockchain in August 2017 and has since remained a controversial entity within cryptocurrency. Proponents claim supremacy over Bitcoin thanks to BCH fees being far lower while transactions also tend …
Ethereum co-creator Vitalik Buterin believes NFTs can be applied to socially relevant causes such as charities and funding public goods, but not while the technology is still viewed as a “casino that largely benefits already-wealthy celebrities.” The author of the Ethereum whitepaper said there was little social value in helping celebrities like Elon Musk add another $1 million to their bank balance by selling NFTs. But he does believe that with support and coordination, non-fungible tokens could have a significant impact on other areas of society. In a blog post titled “The Most Important Scarce Resource is Legitimacy,” Buterin said …
Bitcoin (BTC) recovered above $56,000 on March 24 after a new "Elon candle" put a familiar spring in the step of bulls. Crunch time at $58,000 Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD gaining 3.3% over several hours during Wednesday on news that Tesla will accept — and keep — payments in Bitcoin. As with the company's initial announcement of a treasury allocation last month, the news immediately translated into spot price gains, as the gloom of this week's price action lifted. Analysts were thus interested in whether Tesla would spark a new phase in Bitcoin's bull market …
Bitcoin (BTC) shouldn't have a problem reaching $100,000 during the current cycle thanks to impressive behavior from hodlers. In their latest newsletter shared with Cointelegraph Markets, analysts from trading suite Decentrader sought to allay fears that Bitcoin's bull run is running out of steam. HODL Waves stay bullish Backing their optimism, they said, is data showing that more and more investors are hodling BTC for the long term — one year or more. Taken from the popular "HODL Wave" indicator, this suggests that there is less desire to sell Bitcoin at short notice at a certain price, providing a solid …
Elon Musk has announced that Tesla cars can now be purchased using Bitcoin (BTC). The electric car company’s CEO and “Technoking” said the firm would operate Bitcoin nodes directly, and would hold on to the Bitcoin it accumulates without converting it to fiat. You can now buy a Tesla with Bitcoin — Elon Musk (@elonmusk) March 24, 2021 Tesla first signaled its intention to start accepting Bitcoin for products in early February, following its purchase of $1.5 billion worth of the digital asset, an SEC filing showed. The option to buy a Tesla using BTC will only be extended to …
All the trendy aspects of the crypto space — non-fungible tokens, institutional adoption of Bitcoin, the quirkiness of Dogecoin — have found a home with Tesla CEO Elon Musk. In a tweet today, the billionaire claimed he would be selling a musical non-fungible token, or NFT, with lyrics based on the hype surrounding the technology: "It’s verified, it’s guaranteed." The video clip playing the song features a pair of diamond hands underneath the moon with Shiba Inu dogs — likely a reference to Dogecoin — circling. I’m selling this song about NFTs as an NFT pic.twitter.com/B4EZLlesPx — Elon Musk (@elonmusk) …
Elon Musk’s love affair with cryptocurrency shows no sign of ending after a filing with the United States Securities and Exchange Commission announced the adoption of new official titles for him and a fellow Tesla executive. Starting Monday, Elon Musk will carry the official title of “technoking of Tesla,” while the firm’s chief financial officer, Zack Kirkhorn, will officially be known as “master of coin.” The 8-K form filed with the SEC states: “Effective as of March 15, 2021, the titles of Elon Musk and Zach Kirkhorn have changed to Technoking of Tesla and Master of Coin, respectively.” The filing …
Though the price of Dogecoin (DOGE) surged over the weekend to surpass $0.06 again, this time another token based on a cuddly canine benefited from the hype around Elon Musk’s social media posts. In a Saturday tweet, the Tesla CEO said he would be getting a Shiba Inu dog for his household. The dog — whose breed is native to Japan — was at the center of the popular meme from which Dogecoin took its name in 2013. The doge meme features a Shiba Inu looking into the camera with a seemingly confused expression as floating text represents its inner …
Troubled antivirus software entrepreneur John McAfee has claimed that Dogecoin (DOGE) was part of new charges brought against him by the United States Department of Justice. In a Sunday tweet, McAfee pinpointed that DOGE was one of several cryptocurrencies that he endorsed as part of his “coin of the day” tweets about four years ago. “For a few days in 2017 I chose coins I believed had value,” McAfee stated regarding his choice of cryptocurrencies. The famous entrepreneur noted that Dogecoin price has increased 1,000% since he “chose it,” hinting that thus his DOGE tweets should not be included in …
Updated 1:09 AM UTC: At the time of publication, SpaceX had not ruled out making one last attempt to launch the Starship SN10. It completed a successful launch and landing, but the Starship exploded shortly thereafter. Heavily pumped by Elon Musk’s tweets, Dogecoin may be the first cryptocurrency to literally reach the moon following an aborted launch of a SpaceX ship. The aerospace company attempted to launch its Starship SN10 vehicle today from SpaceX’s facility in Boca Chica, Texas. The final version of the spacecraft will reportedly be capable of reaching the moon after refueling in Earth orbit, but the …