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Cryptocurrencies struggle to find footing as miners halt operations in China The collapse leaves the world s biggest cryptocurrency back where it traded in February, before Tesla announced a $1.5 billion bitcoin purchase and made a since-reversed decision to accept it as payment for cars Reuters | May 24, 2021 | Updated 14:58 IST Cryptocurrencies fought to find a footing on Monday after even weekend cheerleading from Tesla boss Elon Musk seemed unable offset selling pressure from spooked investors or nerves stemming from a gathering crackdown on the asset class in China. Musk had lent a bid on Saturday by tweeting support for crypto in the true battle with fiat currencies. ....
Musk has boosted crypto markets with his enthusiasm for the asset class, but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin. SINGAPORE: Bitcoin dropped to a three-month low on Monday as investors sold cryptocurrencies in the wake of Tesla boss Elon Musk s hinting over the weekend that the carmarker is considering or may have already sold some of its bitcoin holdings. Musk has boosted crypto markets with his enthusiasm for the asset class, but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin. The gyrations are beginning to spook even steeled traders. ....
Funding alert: Elon Musk s SpaceX raises $850 million, valuation zooms $74 billion Tesla boss Elon Musk s Space X raised the funds at $419.99 a share Reuters | February 17, 2021 | Updated 08:50 IST Elon Musk Tesla boss Elon Musk s SpaceX completed an equity funding round of $850 million that sent its valuation to about $74 billion last week, CNBC reported on Tuesday, citing people familiar with the financing. SpaceX raised the funds at $419.99 a share, CNBC reported here. The company did not immediately respond to a Reuters request for comment. ....
Tesla CEO Elon Musk said THIS to game developer who sent him same tweet for 22 weeks Lyubomir Vladimirov, an independent game developer, had promised to publish the same tweet every day for 365 days till he got Elon Muskâs attention. File photo Updated: Jan 20, 2021, 12:48 AM IST Getting one of the world s richest persons attention is no easy task but relentless effort coupled with some bit of quirk has yielded results for a video game creator. Lyubomir Vladimirov, an independent game developer, wanted to develop a game inspired by SpaceX - using Tesla cars, and the aesthetic of their satellites. However, he wanted the requisite permissions from none other than Tesla boss Elon Musk himself. ....