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Bitcoin-exposed stocks slide alongside the cryptocurrency as Elon Musk once again wreaks havoc with a tweet

Tesla CEO Elon Musk Win McNamee/Getty Images Cryptic social-media behavior from Elon Musk suggesting Tesla may have dumped its bitcoin holdings pushed lower stocks linked to the cryptocurrency. Musk later clarified however that he has not sold any. Bitcoin has rebounded after its lowest plunge since February but is still in negative territory. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Companies exposed to bitcoin slid on Monday in the wake of the cryptocurre...
Tags: Elon Musk, Trends, Markets, Tesla, Ubs, Square, Coinbase, Musk, Wedbush, MicroStrategy, Elon Musk Tweets, Dan Ives, Riot Blockchain, Musk s Twitter, New York Here, Isabelle Lee


Equity Monday: Elon Musk Elon Musk’s the crypto markets, while Indian startups raise huge rounds

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here. There was lots to get through today, so, in order, here’s the rundown: Early-stage founde...
Tags: Apple, TC, Verizon, Y Combinator, Twitter, Elon Musk, Real Estate, India, San Francisco, Tech, AT&T, Crypto, Equity, Apollo, Cryptocurrency, Sequoia


Gold prices are at a 3-month high relative to bitcoin as the Fed continues monetary-stimulus efforts

David Gray/Getty Images Spot gold rose to $1,853.12 an ounce on Monday, the highest point since February 10. Gold's price relative to bitcoin is now at a three-month high as the cryptocurrency sells off. Investors are flocking to gold amid fears of rising inflation and a weakening dollar from the Fed's stimulus efforts. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Gold prices rose to a three-month high Monday morning as investors have flocked to the...
Tags: Elon Musk, Wall Street, US, Trends, Gold, Markets, Tesla, Bloomberg, Bitcoin, Ubs, Gold prices, Federal Reserve, Gold Price, Fed, US Dollar, Emily Graffeo


Bitcoin is the 'apex predator' of digital currencies - and dogecoin may be the crypto equivalent of silver, hedge fund manager Anthony Scaramucci says

Anthony Scaramucci. AP Anthony Scaramucci called bitcoin the "apex predator" of digital currencies. Dogecoin may be the silver to bitcoin's gold, the hedge fund manager said. He said he advises people to hold between 1% to 3% of bitcoin within their portfolios. See more stories on Insider's business page. Anthony Scaramucci, founder of investment firm SkyBridge Capital, defended bitcoin's decline and said he advises investors to hold some amount of it as it's the only crypt...
Tags: Elon Musk, White House, US, Trends, Bloomberg, Donald Trump, Anthony Scaramucci, SkyBridge Capital, Dogecoin, Scott Melker, Scaramucci, Shalini Nagarajan, Anthony Scaramucci AP Anthony Scaramucci, Tesla Scaramucci


Bitcoin plunges to $42,000 after Elon Musk tweet-storm - but rebounds after he clarifies Tesla hasn't sold its holdings

Tesla CEO Elon Musk caused bitcoin to tumble. Win McNamee/Getty Images Bitcoin plunged to as low as $42,185 on Monday, down 35% from April's record high, before bouncing. The price tumbled after Elon Musk suggested Tesla may sell its holdings and trolled bitcoin fans. Yet bitcoin climbed back above $44,000 after Musk said Tesla had not in fact sold its stake. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin plunged to its lowest level since February on ...
Tags: Elon Musk, Trends, Tesla, Xinjiang, Musk, McNamee Getty, ET Bitcoin, Harry Robertson


Elon Musk says bitcoin isn't decentralized as he goes to war with crypto bulls

Elon Musk. Britta Pedersen-Pool/Getty Images Elon Musk said bitcoin isn't decentralized as most of it is controlled by a handful of miners. He got into Twitter spats with various crypto bulls who did not agree with his statements on bitcoin. Tesla CEO Musk said last week the company was suspending bitcoin payments over environmental concerns. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk said on Sunday he does not think bitcoin is decentralized, ...
Tags: Twitter, Elon Musk, Trends, Tesla, Paypal, Crypto, Xinjiang, Musk, McCormack, Sailor Moon, Tesla CEO, Michael Saylor, Peter McCormack, Things Before the Opening Bell Elon Musk, Sophie Kiderlin, Doge Musk


10 things you need to know before the opening bell

Big Tech recovers after a rough day Wednesday on Wall Street. Matteo Colombo/Getty Images Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.Sign up for Insider Investing for your weekly markets analysis.Here's what you need to know before markets open.1. Global stocks ease after Chinese data paints a mixed picture of recovery and inflation concerns weigh heavily. US futures were down slightly as price rises continued to concern inve...
Tags: Elon Musk, Global, US, Dallas Mavericks, Trends, Tesla, Ubs, Recruit Holdings, Musk, Shark Tank, Fed, BRIDGESTONE, Michael Burry, Wharton, Burry, Scott Melker


Top Stories this AM: 'uncomfortable' Gates revelations; Matt Gaetz on 'naughty favors'; has Musk made the Bitcoin bubble burst?

Good morning and welcome to your weekday morning roundup of the top stories you need to know.For more daily and weekly briefings, sign up for our newsletters here.What's going on today:Bill Gates crafted a public image as a likable, nerdy do-gooder. Office affairs, 'uncomfortable' workplace behavior, and Epstein ties exposed cracks in his facade. Matt Gaetz deflects accusations he paid for 'naughty favors,' says the corruption actually lies in legislative earmarks. "I'm b...
Tags: Elon Musk, Congress, Trends, Tesla, Bill Gates, Gaza, Associated Press, Hamas, Al Jazeera, Costco, Kenosha, IDF, Epstein, Matt Gaetz, Ricky Schroder, Gaetz


Billionaire investor Chris Sacca says he owns bitcoin and ether - and suggests crypto's environmental costs will fuel clean-energy solutions

Chris Sacca. YouTube/Kevin Rose Chris Sacca owns bitcoin, ethereum, and several other cryptocurrencies.Lowercase Capital's billionaire founder flagged crypto's energy usage as a problem.Sacca suggested the issue could drive innovation in renewable energy.See more stories on Insider's business page.Billionaire investor Chris Sacca owns a bunch of cryptocurrencies including bitcoin and ether, and sees their environmental costs as a problem that could spark creative solutions."I...
Tags: Elon Musk, Trends, Mark Cuban, Chris Sacca, Shark Tank, Sacca, Theron Mohamed, Kevin Rose Chris Sacca


Elon Musk continues to talk up dogecoin - to the dismay of bitcoin bulls

Elon Musk REUTERS/Mike Blake Elon Musk tweeted about "going all in on doge" and improving the network on Monday. Musk has halted bitcoin payments for Teslas and even hinted the company may sell its holdings. Many bitcoin bulls are angry with Musk for flirting with dogecoin, which they say is pointless. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk tweeted about improving the dogecoin network on Sunday and said "obnoxious" bitcoin bulls made him want to...
Tags: Elon Musk, Trends, Tesla, Musk, Elon, Dogecoin, Harry Robertson, Things Before the Opening Bell Elon Musk, Doge Musk, Elon Musk REUTERS Mike Blake Elon Musk


After filming SNL, Elon Musk and Grimes reportedly went to a crypto-themed afterparty where servers dressed as aliens handed out Dogecoin cupcakes

Miley Cyrus was the musical guest on "SNL," while Elon Musk hosted. NBC/Getty Images Elon Musk, Grimes, and Miley Cyrus attended a crypto-themed party after recording SNL, per Page Six. A dog handler brought along a Shibu Inu in tribute to Dogecoin, the publication reported. Servers handed out Dogecoin cookies and cupcakes, according to the report. See more stories on Insider's business page. After they filmed "Saturday Night Live" on May 8, tech billionaire Elon Musk, his girlfriend, ...
Tags: New York Post, Spacex, Elon Musk, Nbc, Entertainment, South Park, Trends, Tesla, Grimes, Miley Cyrus, Snl, Saturday Night Live, Elon, Ian, Colin Jost, Ian Schrager


Global stocks ease after Chinese data paints a mixed picture of recovery and inflation concerns weigh heavily

OHANNES EISELE/AFP/Getty Images US futures and European stocks edged lower on Monday after overnight data out of China. China's April retail sales of 17.7% missed forecasts of a 24.9% growth, suggesting slowing recovery. Asian stocks struggled under the strain of a renewed COVID-19 viral load. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Global stocks traded mixed on Monday after China reported consumer spending grew more slowly than expected in April.Chin...
Tags: Asia, Europe, Japan, Elon Musk, England, London, Indonesia, China, Germany, Singapore, US, Trends, Tesla, Taiwan, Thailand, Ryanair


Bitcoin lowest since February as Musk tweets trigger whipsaw trading – business live

Rolling coverage of the latest economic and financial newsIntroduction: Bitcoin plunged last night after Musk tweet......then Musk: To clarify speculation, Tesla has not sold any BitcoinAnalysts: Bitcoin has lost upward momentumUK ‘faces labour shortage’ as Covid and Brexit fuel exodus of overseas workers 9.29am BST The possibility of new regulation is also weighing on bitcoin, argues Jeffrey Halley of OANDA.He writes that the “wild-West of crypto-mania” is coming to an end, following the Co...
Tags: Business, Elon Musk, US, America, Economics, Tesla, Stock Markets, Bitcoin, Ftse, Cryptocurrencies, Brexit, Musk, Kimmel, Weston, Chris Weston, OANDA


10 things in tech you need to know today

Microsoft founder Bill Gates. Anthony Bolante/Reuters Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here.Let's get started.1. Microsoft board members reportedly launched an investigation in 2019 into a relationship between Bill Gates and a staffer. A Gates spokesperson told The Wall Street Journal that "there was an affair almost 20 years ago which ended amicably," and that Gates' decision to step down from the board in 2020 was unrelated. More...
Tags: Google, Amazon, Elon Musk, Microsoft, Obama, US, Newsletter, Trends, Tech, Tesla, Joe Biden, Bill Gates, Arizona, Biden, Donald Trump, Wall Street Journal


Bitcoin crashes to $42,000 after Elon Musk tweet-storm - but rebounds after he clarifies Tesla hasn't sold its holdings

Elon Musk suggested Tesla may sell its bitcoin stake, but clarified that it hasn't yet. PETER PARKS/AFP via Getty Images Bitcoin plunged to as low as $42,185 on Monday, down 35% from April's record high, before rebounding. The price tumbled after Elon Musk suggested Tesla may sell its holdings and trolled bitcoin fans. Yet bitcoin climbed back above $45,000 after Musk said Tesla had not in fact sold its stake. Sign up here for our daily newsletter, 10 Things Before the Opening Bell...
Tags: Elon Musk, Trends, Tesla, Xinjiang, Musk, Peter, ET Bitcoin, Harry Robertson, Getty Images Bitcoin


Bill Gates crafted a public image as a likable, nerdy do-gooder. Office affairs, 'uncomfortable' workplace behavior, and Epstein ties reveal cracks in his facade.

Gates Courtesy of the Gates Foundation For years, Bill Gates has forged a nerdy, likable public image, with his many philanthropic efforts. This persona, in contrast with the more outspoken, eccentric billionaires of his time, made him more relatable. But his advances toward female employees, his hiring of dubious characters to manage his money, and links to Jeffrey Epstein have revealed a darker side to him. See more stories on Insider's business page. For decades, Bill Gates has craf...
Tags: Elon Musk, News, Microsoft, Satya Nadella, Trends, Tesla, Bill Gates, The Times, Manhattan, The New York Times, Bill, Times, Wall Street Journal, Gates, WSJ, Gates Foundation


Bitcoin slides after Elon Musk appears to suggest in a tweet that Tesla might dump its holdings of the cryptocurrency

Yasin Ozturk/Anadolu Agency via Getty Images Bitcoin slid on Sunday after Elon Musk appeared to say Tesla was shedding its holdings of the cryptocurrency. In a Twitter exchange, Musk appeared to agree with a user who implied Tesla will dump its $1.33 billion bitcoin stake. Musk has done a U-turn on the cryptocurrency in the past week. See more stories on Insider's business page. Bitcoin slid about 9% on Sunday after Tesla CEO Elon Musk responded "indeed" to a comment posted on Twitter...
Tags: Elon Musk, Trends, Tesla, Bitcoin, Securities And Exchange Commission, Musk, Reuters, Victoria Cavaliere, Yasin Ozturk Anadolu Agency, Getty Images Bitcoin


Elon Musk hints Tesla might dump bitcoin

Elon Musk has ramped up his dispute with bitcoin, cryptically hinting Tesla might dump its holdings of the cryptocurrency.The Tesla boss – whose tweets have a huge sway on the crypto market - has fired back at his critics.He rocked... [Author: [email protected]]
Tags: Business, Elon Musk, Tesla


Jack Dorsey says bitcoin changes everything for the better, following reports that Square has no plans to buy more of the cryptocurrency

Twitter and Square CEO, Jack Dorsey. Francois Mori/AP Twitter and Square CEO Jack Dorsey has doubled down on his support for bitcoin. His comments came after Square's CFO said the company is working toward a greener future. In total, Square holds 8,027 bitcoins, worth over $400 million at current prices, Insider reported. See more stories on Insider's business page. Twitter and Square CEO Jack Dorsey has said bitcoin changes everything "for the better" and he will work "forever" t...
Tags: Twitter, Elon Musk, Trends, Tech, Tesla, Square, Jack Dorsey, Dorsey, Ahuja, Financial News, Big Tech, Tech Insider, Twitter and Square, Harry Robertson, Amrita Ahuja, Weekend BI UK


Fundstrat's Tom Lee explains why he's doubling down on bitcoin after Elon Musk's surprising reversal - and increasing his price target to $125,000

Photo by Cindy Ord/Getty Images for Yahoo Fundstrat's Tom Lee is confident that bitcoin bulls won't change their tune on the cryptocurrency following Elon Musk's abrupt reversal. Lee upgraded his bitcoin price target from $100,000 to $125,000 by year-end. He said it is possible Musk had to consider investors' ESG concerns over bitcoin. See more stories on Insider's business page. Fundstrat Global Advisors managing partner Tom Lee is confident that bitcoin will contin...
Tags: Elon Musk, Trends, Tesla, ESG, Musk, Chia, Lee, Tom Lee, Fundstrat Global Advisors, Cindy Ord Getty, Fundstrat, Isabelle Lee, Coinbase MicroStrategy


Meet the cofounders of Pizzaslime, who created Gen Z's go-to for meme fashion and recently launched a record label with Diplo

Nick "Stove" Santiago and Matthew Hwang, founders of Pizzaslime. Shane McCauley Streetwear brand and creative agency Pizzaslime has made a name for itself among Gen Z with meme fashion. Now, it's expanding. Pizzaslime recently launched a record label and is working on a TV show. The founders spoke to Insider about how the internet sits at the center of everything they do. See more stories on Insider's business page. Wearing the Bernie Sanders inauguration meme, sleeping on a pillow...
Tags: Amazon, Elon Musk, Trends, Kanye West, Santiago, Reddit, Paramount Pictures, Kris Jenner, Bernie Sanders, Gamestop, Crocs, Fairfax, Matt, New York Fashion Week, Maison Margiela, Balenciaga


SpaceX blasted another 52 Starlink internet satellites and 2 payloads into orbit on a Falcon 9 rocket, which landed perfectly

The SpaceX Falcon 9 rocket lifts off from Launch Complex 39-A at Kennedy Space Center. Joe Burbank/Orlando Sentinel/Tribune News Service via Getty Images SpaceX launched another 52 Starlink internet satellites into orbit on Saturday. Two rideshare payloads were also on board the Falcon 9 first-stage rocket booster. The launch took place at Kennedy Space Center in Cape Canaveral, Florida, at 6:56 p.m. EDT. See more stories on Insider's business page. A SpaceX rocket on Saturday launch...
Tags: Spacex, Elon Musk, US, Trends, Nasa, Earth, International Space Station, Falcon, Atlantic Ocean, SpaceX Falcon, Cape Canaveral Florida, Kennedy Space Center, StarLink, Bob Behnken, Doug Hurley, Better Than Nothing Beta


I moved from NYC to rural Vermont and had to figure out how to get a strong, high-quality internet connection on my own. I tried it all - here's what works.

Working off my phone's hotspot. The black box with the green light on the wall near the guitar is a component of the WeBoost system. Alex Lockie Alex Lockie recently moved out of New York City into a home in rural southern Vermont. He had to test out how to establish a strong internet connection to be able to work from home. From satellite internet, to boosting cell phone signal, to jimmying together some wild antenna rigs, he's seen or tried just about everything. See more stories...
Tags: Amazon, Work, Verizon, Elon Musk, Internet, New York City, US, America, Trends, Remote Work, Netflix, Wifi, Hotspots, Xfinity, Vermont, Dsl


I helped mint a trio of NFTs with a team of female and BIPOC digital artists. Here's how NFTs can help more creators earn money with their artwork.

Re-inc cofounder Jenny Wang. Jenny Wang Jenny Wang is an investor at Neo and cofounder of re-inc, a streetwear apparel company. In April, she helped mint a trio of NFTs for three US Women's soccer team players and World Cup champions. Wang hopes NFTs will inspire more creators to make and directly profit from their own artwork. See more stories on Insider's business page. This past month, I helped mint a trio of Non Fungible Tokens for three of the US Women's soccer team player...
Tags: Elon Musk, Youtube, US, San Francisco, Trends, Harvard, Pizza Hut, Lebron James, Jack Dorsey, Megan Rapinoe, Christie, Gronk, NFT, Wang, Meghan Klingenberg, Tobin


Bitcoin bulls have long claimed the cryptocurrency is an inflation hedge. But recent price swings have challenged that idea.

R.Tsubin/Getty Images Bitcoin bulls have long argued that the cryptocurrency is a hedge against inflation, particularly because of its fixed supply. But bitcoin tanked this past week after stronger-than-expected inflation data when it theoretically should've gained. We spoke to one bitcoin expert who isn't concerned about bitcoin's recent downward movement - and who said it's still undervalued as an inflation hedge. Sign up here for our daily newsletter, 10 Things Before ...
Tags: Elon Musk, Trends, Markets, Kraken, Held, Emily Graffeo, Bitcoin Investing, Inflation Hedge, Bitcoin Inflation Hedge, Inflation Risk, MI Exclusive, Dan Held, Bitcoin And Inflation, Tsubin Getty Images Bitcoin bulls


Millennials' love affair with crypto is burning red-hot right now - two out of three say it's more attractive than ever. Here's why they like it so much.

Close-up photo of a woman buying cryptocurrency through a smart phone app that is also showing the growth graph. Getty Images / vb Research shows that millennials are driving this year's ongoing crypto-mania. Millennials see crypto as a long-term investment opportunity that requires little effort. They see crypto as a way to break away from traditional structures and investment approaches. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Cryptocurrencies are...
Tags: Google, Elon Musk, UK, US, Trends, Tesla, Crypto, Ada, Mastercard, Peter, Lewis, Peters, Amar, Charles Schwab, Melissa Lewis, Cardano


Bitcoin adoption was picking up pace. Elon Musk slamming its 'insane' energy use may have stopped that.

Elon Musk's U-turn was a bombshell for the crypto world. Ringo H.W. Chiu/Associated Press Elon Musk's U-turn on accepting bitcoin as payment due to energy concerns rocked the crypto world. It could also halt the adoption of bitcoin by companies, who are increasingly climate-conscious. Yet enthusiasts argue that Musk remains committed and that cryptocurrencies will bounce back. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. When Elon Musk's Tesla annou...
Tags: Twitter, Elon Musk, New York, Sweden, China, America, Trends, Tesla, Bank Of America, Ubs, Square, Jack Dorsey, ESG, Musk, Moya, MicroStrategy


'Elon Musk Phd' is named as the director of a UK company called Elonspace Ltd on an official business register

SpaceX and Tesla CEO, Elon Musk. PETER PARKS/AFP via Getty Images A filing on UK's official business register revealed a new firm called Elonspace Ltd. It lists the same birth month and nationality as the Tesla and SpaceX CEO. The contact address, however, is a London tower building located used for student accommodation. See more stories on Insider's business page. A recent finding on UK's official business register, Companies House, revealed a new company called Elonspace Ltd...
Tags: Business, Spacex, Elon Musk, UK, London, Trends, Tech, Tesla, Bloomberg, Getty Images, Musk, Companies House, Afp, West London, Tech Insider, Department for Business Energy Industrial Strategy


Hundreds of SPAC’s waiting in the woods

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. The fully-vaxxed and officially fully-immune took over the podcast this week, with Natasha and Danny co-hosting the show while the inimitable Alex is out from Shot #2. Grace and Chris, as always, were behind the scenes making sure we sound pretty and don’t fall down too many punny board game rabbit holes after vacation. Here’s the rundown of what we got into: ...
Tags: Apple, TC, Elon Musk, Real Estate, Softbank, Tech, Bitcoin, Crypto, EC, Equity, Ethereum, Alex, Fintech, Chris, Blind, Midwest


Elon Musk says he's working with Dogecoin developers to make the cryptocurrency more efficient

Yuriko Nakao/Getty Images; Britta Pedersen-Pool/Getty Images; Samantha Lee/Insider On Wednesday, Tesla stopped accepting bitcoin as payment for its electric cars. The next day Tesla CEO Elon Musk said he was working to make dogecoin more sustainable. Dogecoin uses less energy than bitcoin and has long been a Musk favorite. See more stories on Insider's business page. The day after announcing Tesla would no longer accept bitcoin as payment for its cars, Tesla CEO Elon Musk seemed to su...
Tags: Elon Musk, News, China, Trends, Markets, Tesla, Bitcoin, Cryptocurrencies, Musk, Tesla CEO Elon Musk, Dogecoin, Tech Insider, Samantha Lee, Yuriko Nakao Getty, Grace Kay, Britta Pedersen Pool Getty Images



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