Between Sep. 9 and 16, the price of Bitcoin (BTC) rose by over 11%. Similarly, in the same period, Tesla stock (TSLA) surged from $330.21 to $449.76, by 36.2%. Millennials love TSLA stock and Bitcoin Tesla stock and the Bitcoin price have seen an uncanny correlation in recent weeks. The correlation might come from the similarities between BTC price movements and the S&P 500. It also might be related to the fact that millennial traders actively trade both BTC and TSLA. Bitcoin price falls as Tesla stock price drops in pre-market trading. Source: TradingView Tesla stock neared its all-time high …

Julian Bridgen, the co-founder of the macroeconomic research firm MI2 Partners, believes Tesla stock (TSLA) shows signs of a bubble. He compared the stock Bitcoin (BTC) in 2017 when it hit $20,000 and dropped 58% in two months. From the yearly high to the month’s bottom, TSLA price dropped by 33.74%. The stock has recovered in the past 48 hours, posting a considerable recovery of 12.46%. Uncannily similar fractal between the Tesla stock price chart and Bitcoin price chart Bridgen shared a chart of Tesla stock with a fractal of Bitcoin’s weekly chart from 2016 to 2019. He demonstrated some …

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 …

Editor’s note It is a cruel twist of fate that during the first hiatus week in Law Decoded’s existence, the SEC put out long-awaited updates to accredited investor qualifications. Upon reading the news, your faithful and ever-vigilant policy editor put down his phone and cast a wistful eye upon the sun’s reflection dancing in the midground of the Atlantic Ocean. Bracing himself with a deep quaff of Corona, he thought ‘Not today.’ Before the sorrow of not being the one to bring the news to you could overwhelm him, he grabbed a battered borrowed surfboard and made for the waves. …

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 …

Aave co-founder and CEO Stani Kulechov really wants Tesla to join the decentralized finance (DeFi) craze. Kulechov tweeted at Tesla CEO Elon Musk offering to tokenize Teslas as collateral in Aave (LEND) to borrow assets such as U.S. Dollar Coin (USDC) and even invited Musk to learn about DeFi. Musk, however, has not yet responded to Kulechov’s tweet. Musk, while very friendly to the crypto world, has not publicly commented on DeFi. Aave’s lending protocol allows for non-collateralized borrowing where parties enter agreements where the borrower can use the lender’s credit line. Kulechov said that the model could help bring …

Bitcoin price and Tesla stock have both been in the limelight recently, leading some retail investors to question if there are commonalities between the two assets. As Bitcoin (BTC) continues to hover around the $12,000 mark (as of publication time), in doing so, the largest coin by market capitalization is reaching year-to-date highs that haven’t been seen since June 2019. Tesla stock has also set a number of benchmarks. On Aug. 20, Tesla’s stock price hit an all-time high, jumping over 45% in 10 days to close above $2,000 per share. Furthermore, data suggests that Bitcoin was the most viewed …

All eyes are on Bitcoin (BTC), crypto's largest coin by market cap, and Tesla, a future-centric car company run by eccentric billionaire Elon Musk, thanks to a standout year for both assets. Tradable equity in Tesla, under the ticker TSLA, has captured more of the American public's attention than any other investable asset, according to July figures from financial charting platform TradingView, posted on Aug. 13. Bitcoin held the spotlight as the second most popular asset charted on the platform. TradingView also pointed out that Bitcoin interest is on the rise specifically in Washington, California and Oregon. "The west coast …

Elon Musk, the CEO of Tesla and SpaceX, posted a sarcastic tweet about the meme cryptocurrency Dogecoin (DOGE). It is not the first time Musk has trolled the crypto and Bitcoin (BTC) communities with humorous remarks. He tweeted “it’s inevitable,” with an image showing the “dogecoin standard” dwarfing the global financial system. Elon Musk tweets a Dogecoin meme. Source: Elon Musk Twitter Responding to a sarcastic tweet asking Musk for lost Bitcoin, Musk wrote: “Excuse me, I only sell Doge!” The price of DOGE rose by 14% on the day. Source: TradingView.com After Musk’s viral tweet, the price of Dogecoin …

Bitcoin (BTC) set another dubious record on July 15 as realized volatility sank to its lowest in three years. According to data from on-chain analytics resource Skew, 30-day realized volatility recorded its smallest reading since 2017 this week. BTC volatility echoes pre-$20K position Realized volatility refers to volatility as defined by various timespans. Low volatility tends to concern traders and analysts, particularly over extended periods, as a kickback is all too often triggered afterward. Earlier this month, 10-day realized volatility hit 20%, its lowest since the period immediately before BTC/USD crashed to $3,100 in December 2018. As Cointelegraph reported earlier …

Recently, the venture arms of corporate giants Volvo and Total invested in blockchain traceability startup Circulor that helps reduce child labor in Africa and aspires to work with Tesla, GM and Ford. Prior to an investment by its venture arm, Volvo was testing Circulor’s platform for over a year. The startup was helping the carmaker to verify the origins of cobalt used in its batteries. Cobalt, as is with many other raw materials, is not always ethically sourced. Circulor is also tracking the origins of another important raw material for car manufacturing, mica, which is used for insulation. Buy mica …

Tesla’s eccentric CEO and co-founder, Elon Musk directly referenced Ethereum (ETH), saying he is not for or against the network. “I’m not building anything on ethereum. Not for or against it, just don’t use it or own any,” Musk revealed in a July 2 tweet. The tech mogul responded to a movie star’s crypto tweet Musk’s tweet came in response to a July 2 tweet from movie star William Shatner. “Cryptonians!” Shatner said, addressing the crypto community, adding: “My friends Vitalik Buterin and Elon Musk were trying to decide what to build on Ethereum. I’ve been waiting and waiting. I …