• Tesla sold-off 75% of Bitcoin Holdings

    Tesla sold-off 75% of Bitcoin Holdings0

    On Wednesday, Elon Musk’s Tesla sold off 75% of its Bitcoin holdings, which amounted to approximately $936 million. This step was taken to boost the cash holdings considering China’s uncertainty around covid lockdowns. After this news, Bitcoin dropped sharply to 2.48% in the last 24 hours, according to CoinMarketCap. Even Ethereum dropped to 5.16%. During

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  • Tesla’s Bitcoin bet could result in significant losses

    Tesla’s Bitcoin bet could result in significant losses0

    In the midst of a severe drop for bitcoin, Tesla’s large bet on the cryptocurrency is starting to appear like a mistake. While adding bitcoin (BTC-USD-14.6%) in early 2021 seemed like a good idea for the rest of the year and even into early 2022. The tables have changed dramatically in recent months. Bitcoin’s price

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  • Elon Musk debunks a deepfake video that purports to show him advocating a scam

    Elon Musk debunks a deepfake video that purports to show him advocating a scam0

    Elon Musk, the CEO of Tesla, has responded to a deepfake video of him apparently supporting a bogus cryptocurrency scheme. The centibillionaire declared in a recent tweet that it was “absolutely” not him. The deepfake video, which went viral on Twitter earlier this week, is designed to entice investors to invest in a trading platform

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  • Elon Musk calls ESG a “scam.”

    Elon Musk calls ESG a “scam.”0

    The continuous debate surrounding Tesla, which was removed from the index, fueled Bitcoin’s poor performance. Elon Musk, the company’s CEO, publicly chastised those responsible for the decision, which appeared to be based on so-called Environmental, Social, and Governance (ESG) factors. “ESG is a rip-off. Fake social justice warriors have turned it into a weapon “a

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