‘The Big Short’ investor reveals $534m bet against Tesla May 18, 2021 One of the hedge fund managers made famous by the Oscar-winning film The Big Short has taken out a sizeable short position against Tesla. In a regulatory filing yesterday, Michael Burry’s Scion Asset Management said it had bearish put options worth $534m against the electric car firm’s stock. Put options give investors the right to [...]
Crypto criminals: Consumers lose more than $2m in Musk impersonation scams May 17, 2021 Crypto scammers have swindled consumers out of £1.4m in the last six months by impersonating Tesla chief Elon Musk. Scammers claiming to be Musk on social media, who is known for moving crypto markets with his thoughts on Bitcoin, Dogecoin and others, have been identified by the US Federal Trade Commission. Investment scams take on [...]
Wall Street slips as banking stocks and stronger pound weigh on FTSE 100 May 17, 2021 Wall Street opened lower this afternoon, reversing a strong recovery late last week as investors turned their attention back to inflation worries. The Dow Jones slipped 0.02 per cent and the S&P 500 opened lower by 0.09 per cent, while the tech-heavy Nasdaq dropped 0.46 per cent at the opening bell. It came after London’s [...]
The tides are turning for blockchain in mainstream media May 17, 2021 Anyone working in blockchain PR over the past few years will tell you it has been an uphill struggle, writes Jenny Corlett.
Bitcoin price may be falling, but adoption is rising May 17, 2021 ryptoCompare data shows the price of Bitcoin (BTC) moved from around $57,000 to a $42,000 low before it started recovering.
Musk’s mischief rumbles on as Bitcoin falls, but ADA adds a touch of green to a red weekend May 17, 2021 Elon Musk's mischief rumbles on as Bitcoin markets are left shaken, but Cardano's ADA adds a touch of green to an otherwise red weekend.
Bitcoin gets the jitters as Elon Musk’s curious meddling continues May 16, 2021 Fresh from his sudden announcement that Tesla would no longer accept Bitcoin (BTC) owing to environmental concerns, Elon Musk again put the boot in with a series of messages and arguments over cryptocurrency.
Dogecoin inventor takes a swipe at “self-absorbed” Elon Musk May 15, 2021 Dogecoin co-creator Jackson Palmer has given “self-absorbed” Elon Musk both barrels in response to the Tesla boss’s continued Twitter mischief with cryptocurrencies.
Crypto’s problem is Telegram – not the Elon variant May 14, 2021 Time to delete, says Monty, after he gets caught in the unforgiving crosshairs of the terrible Telegram trolls.
Bitcoin holding steady at $50,000 as Cardano’s ADA soars to yet another all-time high May 14, 2021 Despite Elon Musk's meddling, Bitcoin has steadied above $50,000 while Cardano's ADA is given a boost thanks to its greener credentials.