TronWeekly

Crypto World News

You are here: Home / Archives for Elon Musk

Elon Musk

Apple Leader Tim Cook Reveals Personal Crypto Holdings For 3 years To Diversify Portfolio

by

Key Insights:

  • Tim Cook embraces cryptocurrency personally, boosting confidence among tech and crypto communities.
  • Despite personal investment, Apple maintains a strategic distance from crypto integration.
  • Cook’s crypto endorsement influences market sentiment while keeping Apple’s policies unchanged.

Apple CEO, Tim Cook, told DealBook’s Sorkin that he had been holding cryptocurrency for about three years. In an online interview, the CEO clarified that his interest in cryptocurrency was personal and that his company had no current interests in digital assets.

Apple’s Tim Cook Reveals Personal Crypto Investment

Apple’s Chief Executive Officer Tim Cook recently confirmed that he owns cryptocurrencies. His statement contributed positively to the acceptance of digital assets within the technology industry. During a live interview, Cook expressed his opinion on the cryptocurrency and confirmed that he had been interested in the technology for years.

During the discussion, Cook clarified that he was speaking on “a personal basis” when it comes to cryptocurrencies. He said digital assets were important in diversifying investment portfolios. However, he stated that Apple has not adopted cryptocurrency in its business strategy but endorses BTC as a form of payment.

Apple’s Cautious Approach to Cryptocurrency

Cook’s revelation attracted people who invest in cryptocurrencies and technology related stocks. Many in the community view his direct use of cryptocurrency as a sign of the latter, of being bullish on it. While Cook has not revealed further details about the kind of digital assets he owns or how many he owns, his association is enough to make the market react.

However, Cook insisted that Apple is cautious to incorporate cryptocurrencies in their transactions. He noted that cryptocurrency will not be used by his company as a type of payment or incorporated into the company’s short-term monetary plans. This conservative approach to cryptocurrency could be attributed to the company’s commitment to security and privacy as well as long-standing corporate philosophies.

Tesla Transfers Entire $765M Bitcoin Stash to Unknown Wallets
Apple Leader Tim Cook Reveals Personal Crypto Holdings For 3 years To Diversify Portfolio 2

Other Business Leaders Exploring Cryptocurrency

Besides Apple’s CEO Tim Cook, other notable business people are also investing in the cryptocurrency industry. Tesla’s Elon Musk has invested a lot into Bitcoin and even used it as a payment method for Tesla cars. Additionally, Musk has invested in the memecoins such as DOGE. Moreover, Twitter’s former chief executive, besides being an investor in Bitcoin, included Bitcoin in Square’s payment method.

The trend observed among leaders of the big tech companies indicates an increasing demand and adoption of cryptocurrencies and the blockchain technology at different levels of business. However, there is an overall conservative approach by many enterprises, which indicates the conflict between complex innovation and stability in their businesses.

Musk’s 1st XRP Mention Sparks Excitement Among Investors

by

  • Elon Musk mentioned XRP for the first time during a viral video, sparking conversation in the crypto community.
  • Musk emphasized that cryptocurrencies like XRP promote individual freedom but stopped short of endorsing XRP.
  • The XRP community is hopeful that Musk’s comments could signal a change in the asset’s market trajectory.

In a viral video making waves on Crypto Twitter, famous entrepreneur and owner of the social media platform X, Elon Musk, directly mentioned XRP for the first time. His comments have stirred conversations across the cryptocurrency community, with many wondering if this could impact the token’s future.

During the video, Musk was asked to give his opinion on whether the token could be integrated into the global financial system, especially given the U.S. Securities and Exchange Commission’s (SEC) aggressive stance on cryptocurrencies. Musk’s response was measured but impactful. He acknowledged the role of cryptocurrencies like Ripple, calling them valuable assets in the fight against centralized control.

While Musk stopped short of endorsing XRP, his comments are notable. He stated, “This is not an endorsement or lack of endorsement for XRP,” but he did emphasize that the nature of cryptocurrencies, including Ripple, promotes individual freedom. This statement has left the crypto community abuzz, given Musk’s influence on the market.

Musk and XRP: A Turning Point?

This marks the first time Elon Musk has mentioned XRP publicly, which is significant for the seventh-largest cryptocurrency by market cap. The Ripple community has long sought Musk’s attention, with hopes that his backing could propel the token the way his endorsement boosted Dogecoin (DOGE) to an all-time high in 2021.

Interestingly, while Musk has shown loyalty to DOGE, and to a lesser extent Bitcoin (BTC) and Ethereum (ETH), his engagement with XRP has been limited. In October 2022, Musk reacted to the news about Ripple’s case against the SEC, expressing surprise when the agency released drafts of William Hinman’s Ethereum speech to Ripple. Despite his “No way” tweet and a later approval of a podcast discussing Ripple’s partial legal victory, Musk had never directly mentioned the token, until now.

The Ripple community is eager to see if Musk’s influence could push the token higher, especially in the ongoing battle with the SEC.

Ripple has been a focal point of SEC scrutiny, but it remains resilient. With a current market cap of over $28 billion and a daily trading volume surpassing $1.4 billion, the token is far from fading. Musk’s recognition adds to a list of developments that could boost the token’s profile globally.

Whether Musk’s mention of XRP has a lasting impact remains to be seen, but his comments have undoubtedly added fuel to the ongoing conversation about the future of cryptocurrencies in the global financial system.

DOGE and Elections: The Secret Connection

by

  • Dogecoin trends show significant growth during election periods.
  • Its long-term trendline reveals consistent upward momentum.
  • November could be a significant month for DOGE investors.

DOGE’s latest price trends are heating up as November approaches. Historical patterns suggest that election cycles can significantly impact the price movements of the meme coin. This reflects investor optimism and increased market activity, especially during politically charged periods. Despite market volatility, DOGE’s resilience reinforces its status as the OG meme coin.

In a recent chart, the meme coin displayed a consistent upward trend since 2014, with notable spikes occurring around major elections. Experts believe November 2024 might be pivotal, as election-driven sentiment typically fuels speculative investment. This is confirmed by the steady upward trajectory underlined by key election dates. The yellow trendline indicates consistent growth since 2014, with two major spikes in 2021 and 2024.

DOGE
DOGE and Elections: The Secret Connection 4

Moreover, the TD Sequential indicator, a crucial technical analysis tool, has been accurately predicting Dogecoin’s trend on the weekly chart. If the indicator continues to flash sell signals, it could signal a significant price correction, experts opined.

However, its future is not entirely dependent on technical analysis. The cryptocurrency’s community and development team are actively working on various initiatives to enhance its utility and adoption. These efforts, combined with favorable market conditions, and other developments could potentially drive a price surge in the coming months.

The Future of Mobility: Could DOGE Be a Player?

Last week, the token broke out of a week-long downtrend as Tesla launched its latest personal assistant robots and self-driving robo taxis at an event in California. The groundbreaking event showcased the company’s vision for fully autonomous AI-driven vehicles, drawing massive global interest. CEO Elon Musk himself made the landmark announcement.

The meme coin has been linked to various technological advancements. The news of Tesla’s AI-driven mobility could have triggered a broader interest in technology-related cryptocurrencies, benefiting Dogecoin as well. As a known proponent of DOGE, Elon Musk’s public statements and actions can also create a positive sentiment around the token.

That said, investors should closely monitor Dogecoin’s price action and remain vigilant about potential risks. While the cryptocurrency’s meme-based origins may have contributed to its popularity, its long-term success will depend on its ability to offer real-world value and utility.

Elon Musk Gets New Favorite Cryptocurrency – No, It’s Not Dogecoin

by

X (formerly Twitter) boss, Elon Musk, took some time off in his ongoing struggle with the Brazilian government to show off his new favorite cryptocurrency. Notice we said “new”? The crypto community was shocked to learn about Elon Musk’s shift from Dogecoin (DOGE) and his fondness for ETFSwap (ETFS), a new presale Ethereum token. 

Elon Musk Spotlights Presale Ethereum Token, ETFSwap (ETFS)

The cryptocurrency community knows Elon Musk has a soft spot for Dogecoin (DOGE), even accepting the meme coin as legal tender for some Tesla merch since January 2022. Furthermore, Elon Musk periodically posts about Dogecoin (DOGE) on X, often causing the meme coin’s value to soar as traders awaited the next innovation Musk would announce.

However, on Tuesday, while addressing big players in the cryptocurrency industry, Elon Musk referenced ETFSwap (ETFS), the native token of the ETFSwap ecosystem. He elevated the token’s extensive utility over Dogecoin (DOGE) and cited the ingenious innovations the platform would bring to the global cryptocurrency scene. 

Elon Musk praised ETFSwap’s (ETFS) forward thinking in merging DeFi and traditional finance. He also revealed the scope of the ETF industry, rounding up its worth at over $10 trillion. Elon Musk believes the platform’s revolutionary approach is a real crowd-puller and has expressed plans to buy the cryptocurrency as soon as possible before its presale concludes.

ETFSwap (ETFS) Attracting Dogecoin (DOGE) Bigwigs With Unique ETF Trading Platform

ETFSwap (ETFS) merges DeFi and traditional finance by offering a sleuth of hybrid institutional ETFs for Dogecoin (DOGE) traders and investors to diversify their portfolios. The platform allows users to trade digital representations of these real-world assets such as stocks, bonds, equity, funds, etc. Furthermore, these highly liquid ETFs represent various industries, including healthcare, energy, agriculture, etc.

ETFSwap (ETFS) guides investors and traders in choosing investment vehicles using its advanced AI-powered analytical tools. The ETF Screener and ETF Tracker scour vast amounts of market data to extract trends and patterns and form insights that benefit traders and investors. 

ETFSwap (ETFS) offers its users attractive leverage options to multiply their potential earnings in the market. Users can access 10x leverage and 50x for futures and options trading. Thus, investors can turn their $100 investment into $1000 and more. The platform also allows users to enjoy passive income via staking. When they stake their preferred ETFs, they contribute to that ETF’s liquidity, which enhances the efficiency of trades on that ETF.

ETFSwap’s (ETFS) native token was also built to reward traders for using the platform. The token affords holders huge discounts on trading fees and exclusive access to early listings on the ETFSwap (ETFS) platform to stay ahead of the market. Additionally, ETFSwap (ETFS) rewards token holders with up to 36% from its dedicated staking rewards pool when they stake their tokens in ETFSwap’s (ETFS) staking protocol.

Meanwhile, ETFSwap (ETFS) understands the importance of security and transparency in trading. The platform leverages the highly secure and scalable Ethereum blockchain to provide its users with robust security. Also, users are not required to complete KYC verification before using the platform. All they need is a functional email address.

Further refining its security, the project’s team completed the KYC verification provided by SolidProof, a smart contract security auditing firm. Additionally, Cyberscope thoroughly audited ETFSwap (ETFS) to find any significant security vulnerabilities, and they found none.

Conclusion

ETFSwap’s potential to create cryptocurrency millionaires has endeared Elon Musk to the token. Besides, top analysts have pegged the cryptocurrency for a 10,049% rally upon launch. Consequently, many Dogecoin (DOGE) investors and industry experts are interested in the project’s ingenious proposition. 

To join them in positioning for massive gains soon, intelligent investors can buy ETFSwap (ETFS) at its low presale price of $0.03846 and use the 50% bonus promo to accumulate more tokens.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Dogecoin Surges 5% After Elon Musk’s Powerful ‘D.O.G.E.’ Tease

by

Elon Musk has stirred the Dogecoin (DOGE) and broader crypto communities again. On Tuesday, Musk hinted at a playful take on serving the U.S. government with a nod to Dogecoin. The Tesla and SpaceX billionaire shared an AI-generated image of himself at a podium labeled “Department Of Government Efficiency (D.O.G.E.)” with the caption, “I am willing to serve.”

This playful post sparked excitement across the crypto world, especially among DOGE fans. The acronym “D.O.G.E.” was quickly picked up by enthusiasts, interpreting it as another of Musk’s famous nods to the popular meme coin.

Screenshot 265
Source

Musk’s tweet comes after recent speculation about his involvement in government. Last week, former president Donald Trump hinted at offering Musk a cabinet or advisory role if reelected. Speaking at a campaign event in Pennsylvania, Trump mentioned Musk’s name as a potential candidate for a government position. Musk’s response, while humorous, kept the spotlight on DOGE.

Musk-Dogecoin Love Story

Musk’s relationship with DOGE is well-documented. He has promoted the meme-themed cryptocurrency on several occasions, boosting its popularity and price. From changing Twitter’s logo to the DOGE icon to enabling DOGE payments for Tesla merchandise, Musk’s influence on the coin is undeniable.

Earlier this year, Musk hinted that Tesla might accept Dogecoin as payment for its cars. This ongoing endorsement has led to notable price swings whenever Musk tweets or comments about DOGE.

Despite the hype, Musk’s support for DOGE has drawn criticism. Some accuse him of manipulating the meme coin’s market value. In 2022, a group of investors sued Musk, alleging that his tweets artificially inflated DOGE by 36,000% before it eventually plummeted.

Following Musk’s latest tease, Dogecoin saw an immediate price bump. The token rose by 5%, trading at $0.105 as of writing. This surge underscores Musk’s ongoing influence over Dogecoin’s market movements. With each playful reference, Musk keeps Dogecoin’s relevance alive, much to the delight of its dedicated community.

As always, when it comes to Dogecoin, Musk remains the king of memes and market moves.

Bitcoin vs Gold: Peter Brandt’s Massive Response to Musk’s Remarks on USD Devaluation

by

Elon Musk’s recent comments have reignited the debate over Bitcoin’s potential as a store of value. The CEO of SpaceX and Tesla highlighted the U.S. dollar’s devaluation, likening it to the hyperinflation seen in Zimbabwe. Musk’s critique of current monetary policies has drawn attention to the declining purchasing power of the dollar.

Screenshot 227
Source

Veteran trader Peter Brandt chimed in, noting the dollar’s reduced purchasing power over time. He pointed out that a dollar’s value at his birth has dwindled to just five cents today. This observation led him to consider BTC as a viable store of value.

In contrast, Chief Economist and Global Strategist Peter Schiff argued that the dollar’s devaluation doesn’t guarantee BTC’s value. Schiff suggested gold as a more reliable hedge against the dollar’s decline. He emphasized gold’s long history as a store of value, implying it offers more stability than BTC.

Brandt acknowledged gold’s enduring value but suggested a diversified portfolio. He proposed that including stocks and BTC could outperform gold alone, hinting at a balanced approach to preserving wealth.

The crypto community reacted energetically to this debate. Some praised Brandt’s recognition of the generational shift in economic opportunities. Others questioned BTC’s practicality compared to gold. This discussion highlighted the differing opinions within the community about BTC’s role as a store of value.

This debate followed Bryan Courchesne’s appearance on CNBC’s ‘Fast Money.’ Courchesne, CEO of Digital Asset Investment Management (DAIM), discussed Bitcoin’s potential as a U.S. reserve asset. He noted the Department of Justice’s significant BTC holdings, approximately 200,000 BTC. This makes the U.S. the largest sovereign holder of BTC globally.

Courchesne suggested that transferring this BTC to the Department of the Treasury could allow the U.S. to hold Bitcoin as a strategic asset. This move could position Bitcoin as a reserve asset, though he acknowledged the complexities involved.

Bitcoin’s Current Metrics

Amidst these discussions, Bitcoin’s price stands at $66,019.39. The 24-hour trading volume is $34,540,641,124. This marks a slight price decline of 0.69% in the last 24 hours, but a 0.68% increase over the past week. These metrics highlight Bitcoin’s volatility and the ongoing debate about its stability as a store of value.

Elon Musk’s comments have sparked a renewed debate about Bitcoin’s role in the financial system. As experts weigh in, the discussion underscores the evolving views on digital assets and their potential to hedge against traditional currency devaluation. While opinions vary, the debate itself reflects a growing interest in Bitcoin’s place in the global economy.

Crypto Icon Elon Musk’s Laser Eyes Ignite Frenzy

by

Crypto enthusiasts are buzzing again. Elon Musk, the Tesla CEO, has updated his X profile picture to feature himself in armor, with laser blue eyes and an American flag backdrop. This laser eye meme has significant roots in the crypto world, starting from the game Mass Effect 2 in 2010 and embraced by the digital asset community in 2021. It symbolizes strength and support for Bitcoin.

This change came right after news broke that President Joe Biden would not seek re-election. The crypto community, which leans towards Biden’s rival, Donald Trump, took this as a hopeful sign for Trump’s possible return to office. Trump has been vocal against Biden’s crypto policies and has promised to safeguard Bitcoin and crypto miners’ rights. This has won him favor in the crypto world.

Musk and Crypto: Never Ending Lovestory

In addition to the profile change, Musk voiced his belief in an America that celebrates individual freedom and merit. Musk’s name is no stranger to digital assets news, given his well-known support for Dogecoin. The laser eyes are more than just a trend; they show a strong stance in the Bitcoin community.

Interestingly, Musk’s timing aligns with his arrival in Tennessee for the 2024 Bitcoin Conference. His profile picture change happened on the same day he landed in the city hosting the event.

Musk is not alone in this trend. Marc Andreessen, co-founder of Netscape and the venture capital firm Andreessen Horowitz (a16z), followed suit. Andreessen’s new profile picture shows an anime character with laser eyes and an American flag. He made this change right after Biden’s re-election news broke.

Ryan Selkis, founder of the research firm Messari, also updated his profile to the laser eye theme.

Musk’s profile picture change is more than just a visual tweak. Earlier this year, he swapped his picture to an anime woman with glowing red eyes just weeks before Bitcoin hit its all-time high of $73,750 on March 14.

The community watches Musk’s moves closely. His latest profile picture speaks volumes, signaling his unwavering support for Bitcoin and a hopeful future for crypto under new political leadership.

Musk Hints at Tesla Accepting Dogecoin (DOGE) for Cars “At Some Point”

by

Elon Musk, the CEO of Tesla and SpaceX, has sparked a frenzy amongst cryptocurrency e­nthusiasts worldwide. During this visit at Tesla’s Berlin factory on March 13, 2024, he sugge­sted Dogecoin (DOGE) could become­ an accepted payment me­thod for Tesla vehicles “at some point.”

“You know, at some point, I think we should enable that. You can buy Tesla Mocha with Doge, which is cool”, Musk said.

This news, captured in a video circulating on X (formerly Twitter), sent shockwaves through the crypto community. DOGE’s value experie­nced a 9.3% incre­ase, rising from $0.172 to $0.1857 at the time of writing. This upward movement follows a two-wee­k period where DOGE de­monstrated remarkable growth, climbing 44% in tande­m with Bitcoin’s recent surge.

Elon Musk expre­ssed his belief in making Doge­coin transactions feasible; howeve­r, his remarks lacked details or a de­finite timeline. His statements, though optimistic, lacked e­xplicit commitments or roadmaps.

Tesla’s Dogecoin Integration: Feasibility Concerns

Tesla’s infrastructure­ readiness is extre­mely important. However, the company acce­pted Dogecoin payments for me­rchandise like shirts in 2022. But using it to purchase cars would be­ way trickier. Dogecoin’s changeable­ value, unlike regular mone­y, presents difficulties for Te­sla’s accounting and financial processes.

Another question mark hangs over Dogecoin’s suitability for large transactions like car purchases. Dogecoin’s core utility remains primarily focused on tipping and online microtransactions. Its scalability and transaction processing times might not be ideal for handling the high-value purchases Tesla specializes in.

The pote­ntial for Dogecoin as a payment option for Te­sla remains uncertain in the ne­ar future. Elon Musk’s comments provide insight into his ove­rarching crypto approach. His “everything app” X rece­ntly launched an “XPayments” account, sparking speculation about possible­ cryptocurrency integration within the platform.

Elon Musk’s comments regarding DOGE as a potential payment option for Tesla have undoubtedly sparked excitement. So while­ his DOGE remarks caused a stir, it’s too early to say Te­sla will accept the meme­ crypto anytime soon. Only time can show if Musk’s Dogecoin ide­a becomes a reality be­yond just tweets.

Related Reading | Polygon (MATIC) Surges: Eyeing $1.34 Resistance for Continued Momentum

Dogecoin Takes a Plunge: Musk’s Troubles Trigger 4.5% Decline

by

Dogecoin (DOGE) saw a 4.5% decline in value, which shocked the cryptocurrency market. This decline occurred shortly after reports surfaced about Elon Musk, the mysterious founder of the X platform, who was called back to provide testimony in a regulatory investigation regarding his purchase of Twitter.

Technical indicators show that Dogecoin bulls are having difficulty. Any upward momentum is stifled by the rejection at the 50-day Exponential Moving Average, which indicates a strong resistance level. DOGE is at a pivotal point due to declining trading volume, which suggests either a period of consolidation or waning interest.

Dogecoin Faces Uncertainty

Musk’s court battle hangs over Dogecoin like a storm cloud. If judges decide DOGE is an investment like a stock, it could face tough rules that might hurt its value and scare away buyers. Over the next few weeks, how Musk’s cases turn out could make or break the future of Dogecoin

There is still hope for supporters of Dogecoin despite the uncertainty. A recovery in the cryptocurrency could be imminent if it can maintain its position above the 200-day moving average and overcome the unfavorable sentiment caused by Musk’s legal troubles. On the other hand, if this support level is broken, it could lead to additional drops and test lower support levels, such as $0.065.

The narrative demonstrates the important role that regulatory monitoring plays in the cryptocurrency markets, particularly for assets like DOGE that have profited from social media fervor and celebrity endorsements. Dogecoin’s future is in doubt, that much is clear as the community prepares for what lies next.

There is a decline in the volume of Dogecoin transactions and whale count, which suggests that fewer people are purchasing, trading, or transferring DOGE coins. Concerns concerning the stability and future of cryptocurrencies are raised by these occurrences, as the market leader battles to hold on.

The decrease in DOGE market capitalization and trading volume demonstrates the erratic nature of the cryptocurrency industry. To be relevant, DOGE needs to adjust to the rise of other cryptocurrencies and figure out how to stand out. However, Dogecoin continues to stand out in the cryptocurrency space thanks to its devoted community and distinctive appeal.

Dogecoin, 420, and X Army: Elon Musk’s Playful Tweeting

by

In the vibrant realm of Elon Musk’s social media escapades, Dogecoin takes center stage as the tech billionaire ignites his Twitter with a playful nod to his favorite figure – “420.” Intimately tied to the original meme cryptocurrency, Dogecoin, Musk, the mastermind behind Tesla, X (formerly known as Twitter), and various major companies, seamlessly infuses humor into his tweets. The mere mention of “420” unfailingly sparks enthusiastic responses from his extensive following.

The recent ‘420 tweet’ from Musk holds a dual significance, resonating with the April 20th “weed day” and the proclaimed “Doge day” by Dogecoin enthusiasts. This humorous connection appears to bring joy to one of the world’s wealthiest entrepreneurs, who, as revealed in a 2020 tweet, was born “69 days after 420” on June 28. Musk finds humor in the number 69, another digit that frequently appears in his entertaining Twitter posts.

GFRcluXWQAEhL0s
Source: DogeDesigner

Notably, Musk has a history with the number “420,” overcoming the SEC in the “420 Tesla case” at the beginning of last year. The case, initiated in 2018, stemmed from Musk’s tweet claiming he would take Tesla private at $420 with secured funding. After a legal battle, Musk emerged victorious, and Ripple CTO even joined the jest, incorporating XRP into the congratulatory banter.

In Musk’s latest tweet, he playfully highlighted “420M mobile search results” related to the X social media platform, accompanied by a “face with tears of joy” emoji. A fraction of Musk’s colossal 170.8 million-strong “X army” swiftly caught on, responding with equally playful banter and support.

Neuralink Triumph: Dogecoin’s Technological Embrace

Amidst the Dogecoin and ‘420’ humor, Musk dropped a groundbreaking update earlier this week – the launch of Neuralink’s first product, “Telepathy.” The product, a microchip implanted in the human brain, enables users to control their computers and smartphones with their thoughts. According to Musk, this revolutionary technology extends to the control of various other devices. Musk proudly shared that the chip had already been successfully implanted in a patient, who was reportedly recovering well.

Elon Musk’s ability to seamlessly blend humor, technological innovation, and cryptocurrency banter continues to captivate and engage his massive following. Whether it’s the playful references to Dogecoin and ‘420’ or the groundbreaking developments in Neuralink, Musk’s Twitter feed remains a fascinating intersection of entertainment and cutting-edge technology.