The stock price of Tesla (TSLA) surpassed $1,200 in pre-market, achieving a market capitalization of over $220 billion. Now, the most valuable car company in the world is worth 30% more than the entire market cap of Bitcoin (BTC), the biggest and most popular cryptocurrency in the world. Tesla overtook Toyota to become the highest-valued car manufacturer in the global market. It now looks to establish its dominance in the sector as its stock continues to soar. The stock price of Tesla surpassed $1,200 in pre-market. Source: CNBC Catalysts sending Tesla stock upwards and its relation to Bitcoin According to …

On Thursday, Uphold announced that they will allow users in Latin America to use cryptocurrency to acquire fractional ownership of the world’s leading companies. Uphold supports dozens of cryptocurrencies, including Bitcoin (BTC). In theory, its users could acquire a stake in Amazon, Apple, Google or Tesla for as little as 10,000 Satoshis. Making U.S. equities affordable to Latin America According to the company’s press release, the new service makes equity investments affordable for millions of people in the region: “Uphold, the leading digital money platform, today launches a groundbreaking equities service that gives millions of people in Latin America easy …

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price drop to key $9,000 support could place the uptrend in peril Will the drama surrounding BTC’s price ever end? Probably not any time soon. This week, Bitcoin fell $800 in a matter of hours to reach lows not seen since May 28. That came after yet another unsuccessful attempt to gain firm support …

Elon Musk, a tech mogul with indirect ties to the crypto industry, sent two humans into orbit on May 30 in the first private, manned space craft launch in history. "The launch will be the first time a private company, rather than a national government, sends astronauts into orbit," Fox News said in a May 27 brief. "It will also be the first time that astronauts launch from U.S. soil since the final space shuttle mission in 2011." Ground control to Maj. Musk Known for his leadership of futuristic car company Tesla, CEO Elon Musk disrupted the rocket sector in …

Elon Musk appears to have revealed his Bitcoin (BTC) holdings while participating in the crypto community’s efforts to educate J.K. Rowling, the author of Harry Potter, about Bitcoin. In response to a request from Rowling for Twitter to explain Bitcoin to her, Musk emphasized that “massive currency issuance by govt central banks is making Bitcoin Internet money look solid by comparison.” Musk added: I still only own 0.25 Bitcoin btw. Tyler Winklevoss responded asking, “ Then how are you going to pay for things on Mars?” Elon Musk claims to be holding 0.25 BTC However, not all were convinced by …

In a recent interview with podcaster Joe Rogan, Elon Musk bashed inflation — a problem that Bitcoin (BTC) fixes. Some of the current United States population sees the economy as an ever-flowing gift basket that will continue providing essentials even while the country is shut down from its regular workflow, Musk told Rogan on Thursday. "This notion though, that you can just sort of send checks out to everybody and things will be fine, is not true," Musk said referring to stimulus money the U.S. government sent to citizens. The government cannot logically sustain its money printing efforts In an …

As part of a recent series of nonsensical tweets, Tesla's eccentric founder, Elon Musk, expressed plans to sell all his physical possessions. Are his Bitcoin (BTC) holdings included in the fire sale? "I am selling almost all physical possessions," Musk tweeted on May 1. "Will own no house," he noted, adding: "Just one stipulation on sale: I own Gene Wilder’s old house. It cannot be torn down or lose any its soul." Musk rattled off strange posts to kick off May Musk followed up his fire sale tweet with a comment describing Tesla's stock price as too high, as well …

CargoSmart, the software wing of the Hong Kong-based Orient Overseas Container Line, aims to transform the cargo release process using its new blockchain application. According to a report published by Splash 247 on April 7, CargoSmart partnered with Cosco, Shanghai International Port Group (SIPG), and the electric vehicle and clean energy behemoth Tesla to conduct a pilot project for the application. Digitizing the shipping industry The traditional documentation processes of the shipping industry are cost and time-intensive, which makes the whole industry less efficient. CargoSmart has been conducting research and development for its application to reduce consignee and shipment agent …

Bitcoin (BTC) hit all-time highs of $20,000 in December 2017 before retracing — but another stock is now echoing its journey to an almost identical degree. Data from markets collated by crypto venture capitalist Mike Novogratz on Feb. 3 shows that Tesla stock ($TSLA) is currently closely mimicking Bitcoin from 2017. $TSLA hits record levels Placing BTC/USD from that year over Tesla stocks from 2019, the extent of the two assets’ correlation becomes immediately clear. Bitcoin took almost exactly as long to go from $1,000 to $20,000 as Tesla did to reach its current peak of $780. Tesla stock in …

After a long and cryptic series of tweets on Bitcoin (BTC), SpaceX and Tesla CEO Elon Musk elaborated his stance on cryptocurrencies in a Jan. 20 podcast. Noting that he’s “neither here nor there on Bitcoin,” Musk focused on its use for illegal transactions. The billionaire has recently been in the spotlight for several short and cryptic tweets related to cryptocurrency. On Jan. 10 he published a tweet saying “Bitcoin is *not* my safe word.” This follows an equally cryptic tweet from April 2019, saying “Cryptocurrency is my safe word.” But while they were generally considered to be jokes, especially …

Technology entrepreneur and Tesla CEO Elon Musk has sparked a conversation with ether (ETH) co-founder Vitalik Buterin with his laconic one-word tweet “Ethereum” on April 29. The tweet, which Musk swiftly ironized by adding “jk” within the same thread, prompted Buterin to extend an invitation to Musk for Ethereum’s DevCon in October. In response, Musk asked Buterin the question, “What should be developed on Ethereum?” Buterin listed five of his top picks for the network’s developments, peppered with references to his own past Twitter threads and Ethereum research content. Foremost among these is the creation of a “globally accessible financial …

Last week, technology entrepreneur and Tesla CEO Elon Musk said that Bitcoin’s (BTC) structure is “quite brilliant,” adding that digital currency is “a far better way to transfer value than pieces of paper.” Notably, that was perhaps the most straightforward comment on cryptocurrencies and blockchain from Musk so far, as he normally tends to avoid the topic. However, there have been a few encounters between the tech mogul and crypto to date — after all, given Musk’s previous experience at PayPal, he couldn’t pass up the innovative digital payment method. Here’s how his relationship with crypto has evolved since 2014, …