News with the tag "musk"

Elon Musk’s latest profile name change on X has sent ripple effects through the crypto market yet again. After swapping his profile to “Kekius Maximus” with a Roman‑style frog avatar, the meme‑inspired token tied to that name shot up by almost 120% in just 24 hours. Based on Binance data, traders sa...

US Senators prepare for a new vote on the highly anticipated stablecoin bill that recently failed to pass cloture. After facing backlash and support withdrawal from Senate Democrats, the bill has undergone new bipartisan amendments to advance the legislation in the upcoming weeks. Stablecoin Bill To...

The CEO of X (formerly Twitter) has confirmed the upcoming launch of XMoney later this year. This move signals X’s ambition to integrate financial services directly into its platform, potentially transforming how users interact with money. X’s Push into Financial Services The introduction of XMoney ...

Elon Musk could dodge over $2 billion in financial penalties by pulling federal government strings using DOGE, according to a Monday report from Senate Democratic committee staffers. The report claims Elon used his heavy influence to kill investigations, dodge enforcement, and wipe away lawsuits tie...

A March 31 Finbold report found that Elon Musk’s tenure with the Department of Government Efficiency (D.O.G.E.) coincided with a 40% decline in the number of Dogecoin ( DOGE ) millionaire addresses, with the billionaire’s historical influence on the meme coin hinting at causation rather than mere co...

Tesla’s first-quarter 2025 earnings report has been released, and it notably omits any mention of a substantial $97 million loss related to the company’s Bitcoin holdings. This absence has raised questions within financial circles and the cryptocurrency community regarding the transparency of Tesla’...

Is OpenAI building the next internet-scale company, or is its $174 billion forecast facing pressure from rivals who’ve opted for openness and speed over vertical integration? Table of Contents OpenAI’s $174 billion vision for 2030 The global AI race heats up Musk, Microsoft, and a mountain of legal ...

The Lazarus Group, a state-linked North Korean hacking organisation, now holds more bitcoin than Tesla, data from blockchain analytics firm Arkham Intelligence shows . As of this week, Lazarus controls 13,441 BTC—valued at approximately $1.14 billion—making it one of the largest known BTC holders gl...

Elon Musk’s influence on the crypto industry isn’t new to investors. His high profile and support for the industry have resulted in massive price rallies for his supporter cryptocurrencies. One such event is today, as the Kekius Maximus, an Ethereum meme coin, is flourishing with price gains under t...

As part of DOGE’s crusade to curb waste and fraud, Musk noted he found around 14 “magic money computers” that can print money out of thin air to make federal payments without any coordination, placing the problems of fiat currency in the spotlight. DOGE Head Elon Musk Discloses Existence of ‘Magic M...