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Elon Musk giveth and taketh away

Hello friends, and welcome back to Week in Review! Last week, I wrote about Facebook’s never-ending Trump problem. This week, I’m looking at Elon Musk’s wild week of whipping crypto markets. If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page , and follow my tweets @lucasmtny . The big thing This week, Elon Musk may have crashed the crypto markets with a tweet. Musk has always been anything but predictable but retail and institutional inve...
Tags: Amazon, TC, Facebook, Elon Musk, Tech, Tesla, Thailand, Bitcoin, United States, Crypto, SEC, Week in Review, Nevada, EC, Cryptocurrency, Blockchain


Crypto and blockchain must accept they have a problem, then lead in sustainability

Monica Long Contributor Share on Twitter Monica Long is the GM of RippleX. As the price of bitcoin hits record highs and cryptocurrencies become increasingly mainstream, the industry’s expanding carbon footprint becomes harder to ignore. Just last week, Elon Musk announced that Tesla is suspending vehicle purchases using bitcoin due to the environmental impact of fossil fuels used in bitcoin mining. We applaud this decision, ...
Tags: TC, Column, Elon Musk, New York, Opinion, Tech, Renewable Energy, Tesla, Bitcoin, Greenhouse Gas Emissions, United Kingdom, Paris, Gm, Treasury, Crypto, Janet Yellen


Solana, a blockchain platform followed by top crypto investors, says it’s far faster than Ethereum

Solana isn’t widely known yet outside of the crypto community. But insiders think the blockchain platform is interesting for a wide variety of reasons, beginning with its amiable founder, Anatoly Yakovenko, who spent more than a dozen years as an engineer working on wireless protocols at Qualcomm and who says he had a lightbulb moment at a San Francisco cafe several years ago following two coffees and a beer. His big idea centered on creating an historical record to speed along “consensus,” whic...
Tags: Elon Musk, India, San Francisco, Tech, Tesla, Bank Of America, Bitcoin, New York Stock Exchange, Ethereum, Qualcomm, Solana, Yakovenko, Bison Trails, Joe Lallouz, Elon Musk Technoking, Anatoly Yakovenko


Solana, a blockchain platform followed by top crypto investors, says it’s a lot faster than Ethereum

Solana isn’t known yet outside of the crypto community. But insiders think the blockchain platform is interesting for a wide variety of reasons, beginning with its amiable founder, Anatoly Yakovenko, who spent more than a dozen years as an engineer working on wireless protocols at Qualcomm and who says he had a lightbulb moment at a San Francisco cafe several years ago following two coffees and a beer. His big idea centered on creating an historical record to speed along “consensus,” which is ho...
Tags: Elon Musk, India, San Francisco, Tech, Tesla, Bank Of America, Bitcoin, New York Stock Exchange, Ethereum, Qualcomm, Solana, Yakovenko, Bison Trails, Joe Lallouz, Elon Musk Technoking, Anatoly Yakovenko


Hundreds of SPACs 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 No. 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, Podcasts, Softbank, Tech, Bitcoin, Crypto, EC, Equity, Ethereum, Alex, Fintech, Chris, Blind


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 Tesla will no longer accept bitcoin due to fossil fuel use

Digital currency, which is made with an energy-intensive process that often relies on fossil fuels, fell more than 7% after the tweet Tesla has suspended the use of bitcoin to purchase its vehicles, Elon Musk said in a tweet on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining. Related: Dogecoin’s record-breaking rise shoots ‘joke’ cryptocurrency to wider attention Continue reading...
Tags: Elon Musk, Technology, Tesla, World news, US news, Bitcoin, Cryptocurrencies, Dogecoin


Elon Musk, Technoking of Tesla orders a halt to bitcoin car payments 

Tesla CEO and self-dubbed technoking is back peddling on the company’s stance about bitcoin and has suspended purchases of its electric vehicles with the cryptocurrency. The change of stance, which was delivered via tweet, comes just weeks after Tesla CFO and dubbed “master of coin” Zach Kirkhorn said the company believes in the longevity of bitcoin, despite its volatility. The tweet from Musk sent the price of bitcoin down more than 4% and falling. The price of bitcoin is down more than 7% for ...
Tags: Energy, TC, Transportation, Elon Musk, China, Russia, Tech, Tesla, Bitcoin, Automotive, United States, Musk, Dogecoin, Zach Kirkhorn, Kirkhorn, Tesla Bitcoin


10 things in tech you need to know today

Miley Cyrus was the musical guest on "SNL," while Elon Musk hosted. NBC/Getty Images Good morning and welcome to 10 Things in Tech. If this was forwarded to you, sign up here. Let's get started.1. The value of Dogecoin took a big dive after Elon Musk called it a "hustle" on Saturday Night Live. Trading platform Robinhood experienced issues after the sudden drop in Dogecoin's value. Read about it here.2. Homeowners who got hit with a massive price hike for Tesla's Solar Roof are ...
Tags: Apple, Spacex, Elon Musk, Hollywood, Yahoo, Newsletter, Trends, Tech, Tesla, Paypal, Nasa, Bitcoin, Pennsylvania, Leonardo Dicaprio, Miley Cyrus, Snl


Hacked Verified Twitter Accounts Are Spamming Musk Fans With Bitcoin Scams Ahead of SNL Debut

Several verified Twitter accounts strangely started flooding the replies of Elon Musk and his followers with bitcoin spam on Saturday. The apparent hacks come just hours before the Tesla CEO’s much-discussed hosting gig on Saturday Night Live.Read more...
Tags: Twitter, Elon Musk, Science, Technology, Cryptography, Bitcoin, Miley Cyrus, Cryptocurrencies, Dogecoin, Businesspeople, Paralympic, Tesla CEO, Drafthex, Jamaica At The Winter Olympics, Jorge Taiana, Shelly Woods


A conversation with Bison Trails: the AWS-like service inside of Coinbase

Coinbase shares tumbled today to their their lowest point since the company began trading publicly on April 14. The market often moves in mysterious ways, but several drivers could be at play, including Coinbase’s high opening price at the time of its direct listing, its reliance on margins that are all but certain to drop owing to growing competition, and the lack of a lock-up period, meaning more insiders might now be offloading some of their highly valued shares, driving down their price in t...
Tags: Google, TC, Etsy, Tech, Bitcoin, Ethereum, Coinbase, Kleiner Perkins, Garry Tan, Aaron, Tan, Garry, Coatue, Notation Capital, Bison, Blockchain Capital


What Square’s smashing earnings tell us about consumer bitcoin demand

Shares of Square are up more than 6% today after the American fintech company reported a staggering $5.06 billion in revenue in its , far ahead of an expected tally of $3.36 billion. By posting the huge revenue beat, Square grew 266% compared to its year-ago Q1. Because that’s the sort of growth that we generally expect to see from early-stage startups instead of maturing public companies, some exploration is in order. In short, bitcoin revenues from Square, and how they fit into its accounting...
Tags: TC, Tech, Bitcoin, Square, Robinhood, Coinbase, The Exchange


Elon Musk Backpedals on the Doge Hype 48 Hours Before SNL Appearance

Elon Musk, richer than God and therefore a trusted source of investment advice for mortals, has pivoted now to offer some sober advice about the dangers of meme currencies. He provides previously unshared information: Doge’s only tangible value is hype, and HODLers may reach price discovery and then realize they’ve…Read more...
Tags: Elon Musk, Science, Technology, Bitcoin, Corporate Governance, Doge, Cryptocurrencies, Hyperloop, Dogecoin, Businesspeople, Somewhere, Gamestop Short Squeeze, Jamaica At The Winter Olympics, Kevin Kang, Elon Musk Backpedals


Identifying the Person Behind Bitcoin Fog

The person behind the Bitcoin Fog was identified and arrested. Bitcoin Fog was an anonymization service: for a fee, it mixed a bunch of people’s bitcoins up so that it was hard to figure out where any individual coins came from. It ran for ten years. Identifying the person behind Bitcoin Fog serves as an illustrative example of how hard it is to be anonymous online in the face of a competent police investigation: Most remarkable, however, is the IRS’s account of tracking down Sterlingov using th...
Tags: Google, Google Drive, Crime, Uncategorized, Fbi, Bitcoin, Anonymity, Tracking, Dark Web, Irs, Cryptocurrency, Identification, Bruce Schneier, Liberty Reserve, De-anonymization, Sterlingov


Ethereum Surges to $3,200, Making Its Creator the Youngest Crypto Billionaire

Amidst an ongoing crypto surge, Ether soared to new market heights Monday, becoming one of the priciest cryptocurrencies in circulation. The Ethereum blockchain-based token is now worth around $3,200, making its total market capitalization higher than Bank of America, Paypal, and Nestle.Read more...
Tags: Apple, Science, Technology, Articles, Bank Of America, Paypal, Cryptography, Bitcoin, Cryptocurrencies, Blockchains, Ethereum, Decentralization, Abra, Nestle, Business Finance, Vitalik Buterin


Ether Hits $3,000 as Bitcoin's Crypto Dominance Declines

Bitcoin's domination of total cryptocurrency market value is declining as its next-biggest rival Ether reaches the $3,000 milestone. From a report: The rise of Ether suggests there's room for more than one winner among digital tokens as the sector evolves. Bitcoin now accounts for about 46% of total crypto market value, down from roughly 70% at the start of the year, and Ether makes up 15%, according to tracker CoinGecko. Bitcoin remains the biggest cryptocurrency but the momentum in other token...
Tags: Tech, Bitcoin, OANDA, Edward Moya, CoinGecko Bitcoin, New York Ethereum


Binance CEO explains how herd mentality causes bitcoin price volatility - but argues the same behavior can be seen in the stock market

Chaopeng Zhang is the chief executive officer of Binance, the world's largest crypto exchange. Binance Binance founder Chaopeng Zhang said herd mentality is one of the reasons why bitcoin's price is volatile in an interview with Bloomberg. But he said this volatility is nothing new to cryptocurrencies - and the same drivers are seen in the stock market as well. The founder also said that companies such as MicroStrategy that buy to hold help push bitcoin's price higher permanent...
Tags: Apple, Trends, Markets, Tesla, Bloomberg, Bitcoin, Zhao, MicroStrategy, Ether, Michael Saylor, Binance, Binance Binance, Changpeng Zhao, Isabelle Lee, Cryptocurrecny, MI Exclusive


Bitcoin trading volume was 7 times that of Apple in April as the cryptocurrency saw wild volatility and a 24% sell-off

Omar Marques/SOPA Images/LightRocket via Getty Images Bitcoin's trading volume of $1.84 trillion in April towered over Apple's at $249.22 billion, research firm Finbold said Monday. Bitcoin trading volumed surged in a month that saw its price tumble from record highs. Finbold said the digital currency is now competing with established, traditional asset classes. See more stories on Insider's business page. Bitcoin's trading volume in US dollars outstripped that of tech ...
Tags: Apple, Elon Musk, US, Trends, Markets, Tesla, Paypal, Bitcoin, Crypto, Apple Market Cap, Cryptocurrencies, Securities And Exchange Commission, Carla Mozee, Omar Marques, Getty Images Bitcoin, Bitcoin Market Cap


Wall Street legend Jim O'Shaughnessy talks Bitcoin, the psychology of stocks, and what young people should know about investing

Jim O'Shaughnessy. David Cooper/Toronto Star via Getty Images Jim O'Shaughnessy is a Wall Street legend and the founder and CIO of O'Shaughnessy Asset Management. In March, O'Shaughnessy participated in an hour-long live Q&A with readers of The Profile. In the Q&A, O'Shaughnessy talks investing, timing the stock market, and avoiding blind spots. See more stories on Insider's business page. Jim O'Shaughnessy is a Wall Street legend and the founder, chairman, an...
Tags: Google, Twitter, Congress, Wall Street, Trends, Strategy, CIO, Investing, Vienna, Bitcoin, Stock Market, ESG, Q&a, Nordic, Patrick, Monte Carlo


Tesla Has Already Sold 10% of Its Bitcoin

Newsweek writes: Elon Musk has hit back at a critic who claimed he pumped and dumped Bitcoin to "make a fortune" after Tesla reported first quarter earnings that surpassed market expectations... The company appears to have sold 10 percent of its Bitcoin portfolio in the first quarter, which it said had a "positive impact" of $101 million on revenues. On Monday, Dave Portnoy, founder of Barstool Sports, called out Musk, CEO of Tesla, on the Bitcoin sale. He tweeted: "So am I understanding thi...
Tags: Elon Musk, Tech, Tesla, Bitcoin, Musk, Newsweek, Barstool Sports, Dave Portnoy, Zachary Kirkhorn, Bitcoin Tesla, Motley Fool Tesla


S&P 500 closes at record with traders encouraged by strong GDP data and big-tech earnings

Photo by: Sergi Reboredo/VW PICS/Universal Images Group via Getty Images The S&P 500 closed at a record on Thursday as strong first-quarter GDP data fueled economic optimism. Major US stock indexes were also lifted by blockbuster earnings from tech giants Apple and Facebook. Economic growth has been boosted by a trifecta of unprecedented stimulus, vaccine rollouts, and an accelerated reopening. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks closed high...
Tags: Apple, Facebook, Oil, US, Trends, Gold, Markets, Bitcoin, Earnings, Ufc, Brent Crude, Stock Market, Nasdaq, Dow Jones, Jefferies, FOMC


Bitcoin critic Peter Schiff trashed the cryptocurrency, blasted the US government, and warned of a dollar crash in a new interview. Here are the 8 best quotes.

Peter Schiff. AP Photo/Mark Lennihan/ASSOCIATED PRESS Peter Schiff dismissed bitcoin as useless and said the crypto boom will end in tears.The Euro Pacific Capital economist expects the US dollar to plunge in value.Schiff blasted the government for juicing demand and creating a "giant bubble economy."See more stories on Insider's business page.Bitcoin critic Peter Schiff trashed the cryptocurrency as worthless, and called his son "completely delusional" for betting the farm on it, du...
Tags: Google, US, Trends, Bitcoin, Social Security, Schiff, Mark Lennihan, Peter Schiff, Euro Pacific Capital, Theron Mohamed


EU-based digital assets platform Finoa inks $22M Series A funding led by Balderton Capital

Institutions need to keep their crypto assets somewhere. And they aren’t going to keep it on some random, or consumer-grade crypto operation. This requires more sophisticated technology. Furthermore, being in the EU is going to be a key barrier to entry for many US or Asia-based operations. Thus it is that Berlin-based digital asset custody and financial services platform Finoa, has closed a $22 million Series A funding round, to do just that. The round was led by Balderton Capital, alongside ex...
Tags: TC, Asia, Europe, Balderton Capital, Berlin, US, Articles, Tech, Eu, European Union, Bitcoin, United States, Crypto, Cryptocurrencies, Coinbase, Blockchain


Lobus raises $6 million for an art management platform on the blockchain

Reshaping ownership proofs in the fine art markets has been one of the blockchain’s clearest real-world use cases. But in recent months as top auction houses have embraced NFTs and popular artists experiment with the crypto medium, that future has seemed more tangible than ever before. The ex-Christie’s and Sotheby’s team at Lobus is aiming to commoditize blockchain tech with an asset management platform that they hope can bring creator-friendly mechanisms from NFT marketplaces like SuperRare to...
Tags: TC, Technology, Articles, Tech, Ceo, Bitcoin, Christie's, Sotheby's, Cryptocurrencies, Blockchains, Cryptocurrency, Blockchain, Decentralization, CRM, Troy Carter, Artist


Crypto looks like the dotcom space of the 1990s, and bitcoin may not survive it, investment chief says

Bitcoin climbed on Thursday morning SOPA Images/Getty Images Cryptocurrencies are like the internet industry in the 1990s, an investment chief said. Bitcoin may not survive it, just as Netscape Navigator failed, Fahad Kamal said. The Kleinwort Hambros investment boss cited bitcoin's energy use and potential regulatory risks. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Cryptocurrencies are like the dotcom space of the 1990s, and bitcoin may well be overtake...
Tags: Google, Amazon, UK, Microsoft, Trends, Turkey, Bitcoin, Mark Cuban, Goldman Sachs, Shark Tank, Societe Generale, Kamal, SocGen, Netscape, Netscape Navigator, Harry Robertson


Crusoe Energy is tackling energy use for cryptocurrencies and data centers and greenhouse gas emissions

The two founders of Crusoe Energy think they may have a solution to two of the largest problems facing the planet today — the increasing energy footprint of the tech industry and the greenhouse gas emissions associated with the natural gas industry. Crusoe, which uses excess natural gas from energy operations to power data centers and cryptocurrency mining operations, has just raised $128 million in new financing from some of the top names in the venture capital industry to build out its operati...
Tags: Energy, TC, Texas, Colorado, Washington Post, Montana, China, Tech, Tesla, Mit, Cryptography, Artificial Intelligence, Bitcoin, Mining, Air Pollution, United States


US stocks edge higher as investors await big week for earnings

Getty Images / Bryan R. Smith US stocks edged higher on Monday as investors await a flood of first quarter earnings this week.A third of the S&P 500 will report earnings this week, including Tesla, Apple, and Alphabet.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks edged higher on Monday as investors anticipate a flood of first quarter earnings that are set to be released this week, with about a third of the S&P 500 reporting earnings.Mega-cap technology ...
Tags: Apple, Google, US, Trends, Markets, Tesla, Bitcoin, Stock Market, Dow Jones, S&P 500, Dow Jones Industrial Average, Matthew Fox, Tesla Apple, Stock Market News, Nasdaq 100, Stock market news today


Crypto market takes a dive with Bitcoin leading the way

Cryptocurrency prices continued to tumble Friday with Bitcoin leading the charge, with prices for the internet currency dipping below $50,000 for the first time since early March. Bitcoin is down roughly 20% week-over-week, around 30% from its all-time-high of nearly $65,000 early last week. The market cap of the coin has dipped below $1 trillion. The tumble has been less severe for Ethereum which hit an all-time-high just yesterday but has since dropped 13% as the broader market has crawled bac...
Tags: Tech, Cryptography, Bitcoin, President, Currency, Crypto, Biden, Cryptocurrencies, Ethereum, Coinbase, Cryptocurrency, Dogecoin


After going public, once-hot startups are riding a valuation roller coaster

To close out the week, a short meditation on value, or, more precisely, how assets are valued in today’s markets. Do you recall the pre-direct-listing hype Coinbase enjoyed? After reporting its estimated first-quarter financial performance, interest in the domestic cryptocurrency trading giant ran red-hot. When Coinbase set a $250 per-share direct listing , it was broadly viewed as modest, if not downright low. Of course, a reference price is just that — a reference — so it wasn’t too big a dea...
Tags: Fundings & Exits, Startups, Root, Tech, Bitcoin, Coinbase, Yahoo Finance, The Exchange, UiPath, EC Newsletter, EC News Analysis, EC Fintech


Bitcoin tumbles after reports Joe Biden will raise taxes on rich

Cryptocurrency falls below $50,000 as White House looks to bring levy on investment gains into line with income taxesSpeculators in Bitcoin have been left nursing heavy losses after reports Joe Biden is planning to raise taxes on the wealthiest Americans to tackle inequality and finance trillions of dollars in higher social spending.The cryptocurrency price fell more than 6% to below $50,000 (£36,000) a bitcoin, hitting the lowest level since early March, as the White House puts the finishing to...
Tags: Business, Technology, Internet, White House, World news, Joe Biden, E-commerce, US news, Stock Markets, Bitcoin, Private Equity, Cryptocurrencies, Hedge Funds, US taxation, Biden Administration



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