Market analysts are arguing that Tesla’s exposure to Bitcoin (BTC) may be the reason for its sharp decorrelation from Big Tech in recent weeks. As of Wednesday, July 14, the 20-day correlation between the company’s price and the Nasdaq 100 index has dropped from 0.83 on June 17 down to 0.14. Whereas Tesla has shed almost 4% this month, the Nasdaq 100 is up by over 2%. A weakened correlation between Tesla shares and the NYSE FANG+ index is also observable, as BNN Bloomberg reported. Amy Wu Silverman, a derivatives strategist at RBC Capital Markets, told reporters: “Tesla is highly …

Apple co-founder Steve Wozniak has reportedly reiterated his positive stance on Bitcoin (BTC) despite not being a Bitcoin investor himself. A vocal proponent of Bitcoin who once called it the “only digital gold,” Wozniak reportedly referred to Bitcoin as a “miracle of technology” and a “unique mathematical formula” at Talent Land Digital 2021, a major virtual event in Latin America devoted to technology and innovation. According to Thursday a report by local news agency El Sol de México, the Apple co-founder has also indicated that Bitcoin is better than gold, implying that it’s easier to mine Bitcoin blocks than finding …

The time has come to fight against the dominance of the internet giants. In Europe, various regulations have been announced that aim to force these giants to respect more healthy rules of the game and to be more protective of users' rights and of competition. Some even brandish the threat of dismantling some of the tech giants, a weapon of mass destruction rarely used in history. Is an alternative path of a truly decentralized internet possible? Hyperpower A handful of companies hold a virtual monopoly within the internet in critical areas of services (search engines, email, etc.), infrastructures (global transit, …

A recent court ruling said that video hosting giant YouTube is not responsible for cryptocurrency-related scams posted on its platform. Apple co-founder Steve Wozniak failed to support his lawsuit against YouTube over an advert using his image to promote a fake Bitcoin (BTC) giveaway, Bloomberg reports. Santa Clara County Superior Court Judge Sunil Kulkarnia said in a tentative ruling Wednesday that YouTube and its parent firm Google are protected by Section 230 of the Communications Decency Act — a federal law shielding internet platforms from responsibility for content posted by users. Wozniak sued YouTube in July last year over a …

Global software giant Apple is recruiting for a new business development manager specializing in alternative payments, signaling that the iPhone maker is gravitating toward digital assets. The new job post for “Business Development Manager – Alternative Payments” was posted to Apple’s careers website on Tuesday. The new hire will be responsible for leading alternative payments partnerships and defining new commercialization streams. Apple is seeking a business professional with more than 10 years of experience, including a five-year track record “with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency” and others. While the job posting is compelling, Apple …

Major cryptocurrency exchange Coinbase’s mobile app now tops the charts for the U.S. Apple App Store. According to the Top Charts list on the Apple App Store, Coinbase is currently the most popular app in the United States, ahead of TikTok, YouTube, Facebook, Instagram, and trading app Robinhood. Cash App, which allows users to send money and buy Bitcoin (BTC), sits in the #12 position at the time of publication, while Binance’s and Trust’s apps are at #16 and #17, respectively. Coinbase’s app had been near the top of Apple’s App Store last month, often behind Robinhood in the number …

During an interview with Bloomberg TV on May 3, Binance CEO Changpeng Zhao suggested that Bitcoin (BTC) "is probably less volatile" than the stock prices of Apple and Tesla. Zhao argued that crypto's volatility was not unlike the stock market, adding that "Volatility is everywhere" and that "It is not unique to crypto." However, those involved in cryptocurrency trading probably know that cryptocurrency prices fluctuate a lot more than exchange-listed trillion-dollar companies. This begs one to question whether or not Zhao is detecting a trend that some may have missed. The first obvious reading from the chart above is that …

Binance’s attempts to bridge traditional markets with the cryptocurrency space in the form of fractionalized stock tokens has drawn the attention of Germany’s financial regulator. The Federal Financial Supervisory Authority, otherwise known as BaFin, warned on Wednesday that the world’s largest cryptocurrency exchange could face heavy fines for launching security-tracking tokens without an accompanying investor prospectus. Binance launched fractionalized stock tokens for Apple, MicroStrategy and Microsoft on Monday, adding to tokens for Coinbase and Tesla, which launched earlier in the month. The exchange had employed German equity firm CM-Equity AG to hold its “depository portfolio of underlying securities,” which, Binance …

For several years, one of the biggest hurdles to blockchain adoption has concerned the fact that it’s a rather technical space. Experienced developers find it daunting to build decentralized apps using this technology. Meanwhile, consumers unaccustomed to tokens and crypto wallets often struggle with user interfaces that are far clunkier than what mainstream platforms provide. With cryptocurrencies punching into the mainstream consciousness like never before, it has never been more important for blockchain platforms to seize the moment and offer the streamlined, easy-to-understand products and services that the masses can embrace with minimal hassle. As the old saying goes: “If …

The market capitalization of all cryptocurrencies in existence surpassed $2 trillion on April 5, according to data from Goingecko, led by the impressive growth of Bitcoin (BTC), Ether (ETH) and other altcoins in 2021. The cryptocurrency market as a whole has become approximately as valuable as Apple, the second-biggest company in the world after Saudi Arabia's oil giant, Aramco. The milestone also comes less than three months after the cryptocurrency market surpassed $1 trillion for the first time back on Jan. 7 when the price of Bitcoin was around $33,000. Will the Ethereum and altcoin bull market continue? In recent …

Apple Music veteran Parker Todd Brooks is leaving the company to join Ledger, one of the biggest providers of cryptocurrency hardware wallets. According to a Friday announcement, Brooks will now head Ledger’s nonfungible token division as the company expands its support for the storage, display, management and security of NFT pieces. Brooks is joining Ledger after spending the last seven years with Apple Music, helping launch Apple Music and music radio station Beats 1 after Beats Music was acquired by Apple in 2014. Prior to his role at Beats Music as director of artist integrations, he worked at Topspin Media, …

A scam cryptocurrency app on Apple’s app distribution service App Store has reportedly stolen $600,000 Bitcoin (BTC) from one iOS user. Cryptocurrency holder Phillipe Christodoulou fell victim to a scam app on the App Store, losing nearly all his life savings to a fake crypto wallet application, The Washington Post reports Tuesday. Christodoulou went on the App Store last month to search for a mobile Trezor app to check his Bitcoin balance via phone. Unaware that Trezor does not currently provide an iOS app, Christodoulou downloaded a doppelgänger Trezor application that boasted close to five stars, giving the impression that …