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 …

A new cryptocurrency-based streaming service is taking a holistic approach to the industry, combining a number of traditional features like a token-based financial ecosystem, censorship resistance and community governance with a strong and thoughtful focus on the user experience and supporting existing creators. Vabble’s crypto-powered video-on-demand plans take an interesting approach to the end user that isn’t common among streaming video services: It does not assume they are viewing alone. A number of features aim to reinvent the pre-Netflix days when going to a movie was a shared experience on a single screen that brought people together. This “co-watching flow” …

Netflix may just be the next Fortune 100 company to buy Bitcoin (BTC) and Amazon will have to accept it, says billionaire Tim Draper. In an appearance on the Unstoppable Podcast on Feb. 28, the serial investor and hodler forecast that out of all possible candidates, Netflix is his pick for putting BTC on its balance sheet. Draper: Netflix "might be next big one to fall" "You know who it might be? Netflix," he said. "I think Reed Hastings is a very innovative guy and has a lot of creative thinking and I think he still controls the reins at …

Since Jan. 22 GameStop has been attracting a lot of attention from the mainstream news as the stock (GME) for the popular video game retailer rallied 860% from $17.40 on Jan. 4 to a high of $159.18 on Jan. 25. On Jan. 25 GME pulled back 51.70% from its high to close the day at $76.79 but what lies behind the massive upsurge warrants closer inspection. While solid fundamentals often lead to price breakouts in both stocks and cryptocurrencies, the recent interest in GameStop appears to have more to do with the ‘Reddit army’ phenomenon which has seen internet groups …

From its obscure beginnings over a decade ago to its current status as the leading cryptocurrency in the world, Bitcoin’s (BTC) tale on its own can make up for a pretty entertaining movie. With the prevalence of Bitcoin and blockchain-related topics in mainstream media nowadays, it is perhaps not a surprise that more films mention or highlight cryptocurrencies and blockchain technology. For instance, Anthony Mackie, the actor who plays “Hawkman” in the Avengers movies, promoted Litecoin (LTC) last year in a video published by Vanity Fair. Meanwhile, in February, another well-known actor, Jim Parsons, narrated a cartoon version of himself …

Fundstrat’s Tom Lee believes Bitcoin (BTC) will accrue price value following a similar logic to the Silicon Valley tech titans. During an interview for CNBC’s Street Signs Asia on show on Nov. 15, Lee argued that cryptocurrencies “are network value assets” — and share this with the world’s most successful tech stocks. “Network value assets” Lee — a renowned Bitcoin bull, co-founder and Wall Street strategist at Fundstrat Global Advisors — made his argument when asked about the logic behind Fundstrat’s $25,000 by 2022 forecast for Bitcoin. Noting that the number was set in 2017 as part of a five-year …

A payments and cryptocurrency platform offering a Visa card that can be used anywhere has unveiled a range of cashback benefits designed to attract modern consumers and frequent travelers. Crypto.com says it now offers free Netflix and Spotify subscriptions to its MCO Visa Card holders. Users who pay for their subscription with the MCO Visa Card can receive a 100 percent rebate on the cost of their plan, dependent on the type of card they have signed up for. The platform is also offering 10 percent rebate on Expedia bookings to customers with the top two tiers of its five-tier …