Bitcoin’s star backers, dip buyers help cryptos recover
Bitcoin regained some lost ground to trade near $40,000 on Thursday, a day aftera brutal selloff on concerns over tighter regulation in China and unease over the extent of leveraged positions in the cryptocurrency world.
Burry of ‘Big Short’ fame reveals large bearish bet against Tesla
The family office run by “Big Short” investor Michael Burry has disclosed a large bearish bet via options on Tesla Inc (TSLA.O).
Bitcoin slides below $40,000 after China’s fresh crypto curbs
Bitcoin tumbled below the $40,000 mark on Wednesday hitting a 3-1/2 month low and dragging down other digital coins after China imposed fresh curbs on transactions involving cryptocurrencies.
Burry of ‘Big Short’ fame reveals $530 mln bet against Tesla
The family office run by “Big Short” investor Michael Burry has disclosed a short position against Tesla Inc (TSLA.O) worth more than half a billion. Scion Asset Management said in a regulatory filing on Monday that it had bearish put options on 800,100 shares in Tesla as of the end of the first quarter that were worth […]
Bitcoin hits 3-month low and then rallies on Musk tweets
Bitcoin rallied from a three-month low on Monday in a volatile session that saw investors initially selling and then buying cryptocurrencies in the wake of Tesla boss Elon Musk’s tweets about the carmaker’s bitcoin holdings. In his latest tweet, Musk said “Tesla has not sold any bitcoin”. That seeming clarification came after weekend tweets hinted […]
Bitcoin recoups some losses after Musk-triggered tumble
Bitcoin popped back above $50,000 in Asian trade on Thursday, clawing back some of the 17% plunge that followed Elon Musk’s tweet that Tesla Inc (TSLA.O) would stop accepting the digital tokens as payment for its cars. The price of the world’s largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two […]
Starlink satellite internet service gets 500,000 preorders, Musk says
SpaceX has received more than 500,000 preorders for its Starlink satellite internet service and anticipates no technical problems meeting the demand, founder Elon Musk said on Tuesday. “Only limitation is high density of users in urban areas,” Musk tweeted, responding to a post from a CNBC reporter that said the $99 deposits SpaceX took for […]
Liftoff by Eric Berger – Musk’s otherwordly ambition
The dramatic inside story of the first four historic flights that launched SpaceX – and Elon Musk – from a shaky startup into the world’s leading-edge rocket company. In 2006, SpaceX – a brand-new venture with fewer than 200 employees – rolled its first, single-engine rocket onto a launch pad at Kwajalein Atoll. After a […]
