Elon Musk News

On Friday, Twitter and Stripe announced the rollout of crypto payouts for Stripe Connect. As told by the two companies, a select group of creators on Twitter will soon be able to receive their earnings on the platform in the form of the USD Coin (USDC) stablecoin. Payments will occur via the Polygon (MATIC) network, a layer-2 blockchain known for its low fees, fast transaction speed, innovative zero-knowledge technology and integration with Ethereum (ETH).

Tesla Inc. Chief Executive Elon Musk said he has lined up $46.5bn to fund his bid for Twitter, answering the biggest question that had loomed over his takeover offer.

As the market finally turns green enough to attract the grazing bulls again, you have to admit that it’s been a good day for meme coins like ApeCoin [APE], which rallied by more than 30% in a single day – and Dogelon Mars [ELON].

Dogecoin’s price has been trending sideways for quite some time. However, tomorrow holds a special place for not just DOGE holders, but the entire crypto space. Cryptocurrency investors and Twitter are well-known for memes. With Dogecoin being the original memecoin, there is a good chance retail investors could trigger a buying spree, propelling DOGE higher.

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By Analytics Team, Giottus Crypto ExchangeBitcoin (BTC)’s vicissitudes played out yet again as its price is now around $40,450, down from the intra-week high of $43,400. The coin, after having successfully navigated the US Fed Reserve interest rate hike, showed a drop of 4.8 per cent over the week. Ethereum (ETH), which was inching towards the $3000-mark last week, is trading at $3,040, a weekly dip of more than 5 per cent. Bitcoin’s demand from major investors has been decreasing, as per data. Coinbase Pro, the professional trading body of US exchange Coinbase, reported outward movement of large tranches of Bitcoin from its books. Going by reports, the tranches even summed up to 30,000 BTC in a single day this week. March also had registered similar patterns.

The brief Dogecoin (DOGE) price rally last week following Tesla CEO Elon Musk's bid to buy Twitter appears to be fizzling out as DOGE closes the week over 8%. 

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Billionaire Elon Musk on 14 April said he has made a non-binding proposal to buy Twitter and take it private in a deal valuing the social-media company at more than $43bn.

Twitter’s board does not welcome Tesla chief Elon Musk’s bid to buy all the shares of the company and is reportedly preparing a ‘poison pill’ defense strategy that would prevent a hostile takeover.

With a net worth of reportedly more than $300 billion, Elon Musk said he could “technically afford” to purchase Twitter outright, but also had plans to change the user experience of the major social media platform.

Bitcoin (BTC) took a chunk out of its impulse move above $41,000 on April 14 as Wall Street opened with a whimper. 

In a letter sent to the chairman of Twitter’s board Bret Taylor on Thursday, entrepreneur Elon Musk, best known for founding and heading Tesla and SpaceX, has offered to purchase the entire Twitter company for $54.20 a share, stating that the social media platform has “extraordinary potential” that he will “unlock.”

Billionaire Elon Musk on 14 April said he has made a non-binding proposal to buy Twitter and take it private in a deal valuing the social-media company at more than $43bn.

Tesla CEO Elon Musk has reportedly offered to buy 100% of Twitter at a price of USD 54.20 per share, after taking a stake of 9.2% earlier this month. This offer would value Twitter at close to USD 43.4bn.

Shiba Inu was launched in August 2020 as an alternative to Dogecoin.

A Twitter shareholder is suing Elon Musk, claiming he and others suffered financial losses because of the billionaire's delay in disclosing his stake in the social-media company.

A review of its advertising guidelines is being proposed by the Irish Advertising agency, The Advertising Standards Authority of Ireland (ASAI) following the receipt of several complaints about the promotion and advertisements of “meme coin” Floki Inu.

Shortly after purchasing a 9.2% stake in Twitter, Tesla’s CEO Elon Musk has announced that he is hoping to pave the way for “significant improvements” to the social media platform “in the coming months,” and possibly for the integration of dogecoin (DOGE) payments for premium services. 

Austrian Chancellor Karl Nehammer is set to be the first European leader to hold face-to-face talks with Russian President Vladimir Putin since Moscow invaded Ukraine.

Ethereum, and other cryptocurrencies fell over the weekend, they regained their winning streak on Sunday. BTC was trading at $46,000 early this week but has dropped to $42,000 after the hawkish comments of the US Federal Reserve. On Friday, BTC traded flat as the market picked up a bit digesting the remarks. While ETH has been performing well since the start of this week, as it is about to unveil its upgrade this year, we can expect the second-largest cryptocurrency to make more significant moves. On Saturday, the global crypto market cap was down by nearly 3 per cent over the past day. BTC, ETH, and other cryptocurrencies are running in red as usual as they dip over weekends.