After a pump that highlighted the power of crowd mania and meme magic, Dogecoin has tumbled nearly 40% in a retreat from $.06 Friday highs, falling as low as $.033 this morning. For the influencers and Wall Street Bets refugees who joined in on the rise — many of whom were taking their first ride on what’s known to be a notoriously volatile chart — the price action reversal has been especially harrowing. Doge doing what it does best, welcoming people into crypto with a huge slap in the face. https://t.co/0GpiKe4B8U — RyanJK (@RJ_Kunz) January 30, 2021 Just yesterday, Dogecoin …

Tim Draper, the billionaire Bitcoin (BTC) investor who also invested early in Tesla, reacted to the company's CEO and world's richest man, Elon Musk, adding #Bitcoin to his Twitter bio to join the likes of Twitter CEO Jack Dorsey and Reddit co-founder Alexis Ohanian. Draper, who holds around 30,000 BTC according to reports, told Musk that he would like to pay for the Tesla cybertruck with BTC while promoting his Bitcoin payment processor portfolio company OpenNode. He said: “Hi Elon Musk, I would like to buy a Tesla cybertruck. Although I personally would rather keep my own #bitcoin, you can …

Anyone who has been in the crypto space over the last few years will undoubtedly be familiar with Dogecoin (DOGE) and how social media activity drives its price action. A “fork of a fork” based on Litecoin (LTC), the coin has earned a unique reputation and a considerable cult status within the cryptocurrency space. Unlike other projects, Dogecoin has not seen any protocol upgrades or developments since 2015. Indeed, the success of DOGE derives more from the community-based efforts and the power of memes than from any tangible technical advancements. However, it would be incorrect to say the “coin” has …

When the richest man in the world, Elon Musk, updated his Twitter bio on Friday — simply adding the word "Bitcoin" — it was followed by a near-immediate 13% increase to the Bitcoin (BTC) spot price. Musk’s bio appeared to be updated on Friday morning and was followed by a cryptic tweet that referred to the inevitability of... something. In retrospect, it was inevitable — Elon Musk (@elonmusk) January 29, 2021 Tweeted at 8:22 am UTC, Musk’s 43 million followers apparently took notice. Some assumed the tweet was a reference to the Dogecoin (DOGE) price surge that was ignited by …

Bitcoin (BTC) surged by over $5,000 in minutes on Jan. 29 after the world's richest man added its symbol to his Twitter page. BTC price hits $38K highs Data from Cointelegraph Markets and Tradingview showed BTC/USD spiking to $38,000 as users began to notice that Elon Musk was now publicly advertising Bitcoin. The move comes amid major anticipation from investors that BTC will be the next asset to receive a boost, either from a figure like Musk or from lay consumers affiliated with the now notorious Reddit group r/Wallstreetbets. As Cointelegraph reported, Musk had previously singlehandedly pumped the price of …

Elon Musk, CEO of SpaceX and Tesla, has surpassed the net worth of Amazon founder Jeff Bezos. “Elon Musk has become the world's richest person, as his net worth crossed $185bn (£136bn),” the BBC reported on Thursday. The futuristic businessman gained staggering wealth last year. “Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people,” CNBC noted on Thursday, adding: “Tesla’s rocketing share price — which has increased more than ninefold over the past year — along with his generous pay package have added more than $150 billion to his net worth.” After the …

During a Christmas rally that has pushed the Bitcoin all time high mark ever higher, a pair of recent tweets indicate that a former critic of the digital currency is continuing to take steps towards a full-blown hodler conversion: billionaire investor and owner of the Dallas Mavericks Mark Cuban. The Tweet came on December 23rd, when Cuban announced that fans buying Mavericks gear would receive a 25% discount when they used Bitcoin to make their purchase. Oddly enough, however, the report Cuban linked to instead said that purchasers who buy more than $150 worth of gear using Bitcoin would receive …

Yes, yes, I know: You’re an excellent Twatter, and omitting from this list your one zinger that got 50 likes borders malfeasance. Likewise, this reporter is a negligent compiler of listicles for overlooking some spicy day where your favorite trader-nee-influencer colorfully described Brad Garlinghouse’s anatomy. If it’s any consolation, please know that I hate the hellsite just as much as you do. The year was terrible for almost all of the planet, and even though crypto enjoyed a strong secular bull market, everyone still managed to come together, rise above adversity, and treat each other horribly anyway. I looked up …

Michael Saylor, the CEO who made a $425 million bet on Bitcoin earlier this year, is offering to advise Elon Musk on how to get started investing in crypto. According to a tweet posted today, Saylor proposed Musk convert Tesla’s balance sheet into Bitcoin (BTC) — a company whose market capitalization is currently valued at more than $658 billion, according to AssetDash. The MicroStrategy CEO implied a figure like Musk taking the lead on Bitcoin adoption could cause “other firms on the S&P 500” to follow. Saylor then offered to “share [his] playbook” with the Tesla CEO “from one rocket …

The New York Department of Financial Services, or NYDFS, has released a lengthy report analyzing the impact of July’s high-profile Twitter hack, which resulted in the theft of over $118,000 worth of Bitcoin (BTC). Far beyond the immediate material impact, the NYDFS states that the incident exposed deep cybersecurity weaknesses of a publicly-traded social media company valued at $37 billion and counting over 330 million active monthly users. The discovery has serious consequences in light of the platform’s ever-expanding influence on both financial markets and the political sphere. Two key sections of the NYFDS report, published on Oct. 14, tackle …

On Sept. 9 the price of Tesla stock surged 10.92% after undergoing a 21% plunge earlier in the day. Coincidentally, the price of Bitcoin (BTC) also soared by nearly 5% in the past 24 hours. XBT/USD 4-hour chart. Source: TradingView.com In the past several days, the correlation between Bitcoin and stocks has increased once again. Data from Skew shows the 1-month correlation between Bitcoin and the S&P 500 surged from 18% to around 55%. What’s behind the Tesla dump and Bitcoin pump? The price of Tesla likely declined due to two main reasons. First, many investors anticipated the stock to …

A young Russian citizen and his co-conspirators came within an inch of carrying out a major ransomware attack against Tesla — unaware that their target had already turned them in. Last week, the United States Federal Bureau Investigation (FBI) unsealed a criminal complaint against a conspirator in a thwarted ransomware plot against the electric car maker Tesla. On Aug. 22, the Bureau arrested 27 year-old Russian citizen Pavel Kriuchkov in Los Angeles, who had allegedly spent much of his month in the U.S. attempting to recruit a Tesla staffer at the firm’s Gigafactory Nevada site to collude on a nefarious …