Bitcoin staged a powerful rally to start off 2021, punctuated by tweets from the billionaire Tesla founder Elon Musk that sent prices soaring for the joke token dogecoin. Soon, though, China’s crackdown on cryptocurrency mining and increasingly nagging concerns over the Bitcoin blockchain’s environmental footprint cast a pall over the market. Instead, crypto traders aped into … [Read more...] about Volatility Ruled Crypto Markets in 2021, From $69K Bitcoin to Elon Musk’s ‘Dogecoin to the Moooonn’
Musks
El Salvador’s Landmark, Elon Musk’s Lowlight, and the Coming Layer 1 Wars
This week on “Opinionated,” we sit down with David Z. Morris, CoinDesk’s chief insights columnist.DZM gives us the highlights and lowlights from 2021, and looks ahead to 2022.His highlight? El Salvador.“For me, the bitcoin policy in El Salvador was the landmark moment of the year,” he says.El Salvador has been buying bitcoin at a rapid clip, attracting bitcoin entrepreneurs. It … [Read more...] about El Salvador’s Landmark, Elon Musk’s Lowlight, and the Coming Layer 1 Wars
The Elon Effect: How Musk’s Tweets Move Crypto Markets
In the early stages of 2021, Elon Musk had the cryptocurrency market wrapped around his finger.A single tweet about dogecoin by the Tesla and SpaceX founder sent prices flying as much as 50%. For a time, Bitcoin price action seemed reliant on the opinion of the world’s richest man.Tuesday offered a bit of deja vu: Musk’s tweet that Tesla would be accepting DOGE for merch sent … [Read more...] about The Elon Effect: How Musk’s Tweets Move Crypto Markets
Kimbal Musk’s Big Green DAO Is a Big Step for Web 3
On the heels of a $40 million experiment that caught mainstream media attention, decentralized autonomous organizations (DAOs) are taking another step into mass consciousness today as Kimbal Musk – the billionaire Tesla board member and brother of fellow entrepreneur Elon Musk – is announcing the opening of membership applications for Big Green DAO, a Web 3 charity focusing on … [Read more...] about Kimbal Musk’s Big Green DAO Is a Big Step for Web 3
What Elon Musk’s $21B Tesla Sale Gambit Says About Markets
This episode is sponsored by NYDIG.Download this episodeToday on “The Breakdown,” NLW looks at why the fracas around Elon Musk’s Twitter poll about his selling 10% of his Tesla stock is about much more than Tesla. It has implications for domestic politics, market structure and why crypto is the future.Additionally, the Brief covers:The NYC mayor-elect says bitcoin should be … [Read more...] about What Elon Musk’s $21B Tesla Sale Gambit Says About Markets