Elon Musk’s father, Errol Musk, has backed ‘Musk It,’ a memecoin aiming to raise up to $200 million for a new think tank. However, concerns over transparency and Elon Musk’s lack of involvement cast doubt on the project’s credibility. Errol Musk and business partner Nathan Browne have partnered with a
The Dogecoin price extended its gains this week, and whales have been hovering. This renewed interest is buoyed by news of Elon Musk leading Donald Trump’s Department of Government Efficiency (DOGE). The moniker references the dogecoin ticker, a popular memecoin that Musk often promotes. The incoming president is pro-crypto, and
Elon Musk’s recent actions on X (formerly Twitter) have once again stirred the cryptocurrency market. By changing his display name to “Kekius Maximus” and adopting a profile picture featuring a warrior-styled Pepe the Frog, Musk has spotlighted the Kekius Maximus (KEKIUS) memecoin. This move has coincided with a dramatic increase
El Salvador has firmly established itself within the cryptocurrency community, notably becoming the first country to adopt Bitcoin as legal tender. The nation has surpassed 5,800 Bitcoin in daily Bitcoin accumulation, reportedly generating over $31 million in profit. This pioneering approach reflects the country’s commitment to integrating cryptocurrency into its
Tesla CEO Elon Musk once again sparked a social media storm by announcing the rebranding of Twitter to “X,” which went live just hours ago. Twitter’s CEO, Linda, tweeted, “X is here! Let’s do this,” alongside a picture of the Twitter headquarters now painted with the “X” logo. The announcement,
Elon Musk, the CEO of Tesla and owner of Twitter, has a playful habit of occasionally expressing his fondness for memecoins. On a recent Wednesday, he continued this trend by tweeting about the popular dog-themed cryptocurrency, Dogecoin (DOGE), which resulted in a sudden 4% price jump within just a few
Tesla, a leading car manufacturer owned by Elon Musk, has announced the reports for the first quarter of 2023. On April 19, it is noted that Tesla neither buy nor sell any of the bitcoins (BTC) that it holds as of Feb 2023. Moreover, the report says that the total
Paul Krugman, the Nobel Prize-winning economist compares Elon Musk’s Tesla stock with Bitcoin (BTC). In an opinion piece recently published in the New York Times, Krugman stated that Tesla has more in common with the dominant currency of the global crypto market. He also expressed that both assets’ prices are based
Elon Musk, the CEO of Tesla, claims that he will not sell any more Tesla stock shares for around two years. During a Twitter Spaces audio chat held on Thursday, Musk disclosed that the economy will be in a severe recession in 2023, with decreasing demand for big-ticket items. Elon
Twitter Inc. will limit voting on significant policy decisions to paying Twitter Blue customers, according to Elon Musk, in one of his first tweets following a poll asking for his resignation. The billionaire leader had earlier asked Twitter users if they thought he should stand down and promised to put all
