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What??? Modi said India has adopted Bitcoin as legal tender???
However, it was Fake News.
On Saturday, Indian Prime Minister Narendra Modi's Twitter handle was compromised for a brief period. And was restored after sharing a link promising a Bitcoin giveaway.
Soon after the hack, the unauthorized tweet was deleted, and the Prime Minister's official account confirmed the hack.
"In the brief period that the account was compromised, any Tweet shared must be ignored," the Prime Minister's office said.
In November, Finance Minister Nirmala Sitharaman said that the government had no proposal to recognize Bitcoin as a currency in the country.
Earlier, in September 2020, the Twitter account linked to Prime Minister Narendra Modi's personal website and mobile app was hacked.
Source: benzinga
However, it was Fake News.
On Saturday, Indian Prime Minister Narendra Modi's Twitter handle was compromised for a brief period. And was restored after sharing a link promising a Bitcoin giveaway.
Soon after the hack, the unauthorized tweet was deleted, and the Prime Minister's official account confirmed the hack.
"In the brief period that the account was compromised, any Tweet shared must be ignored," the Prime Minister's office said.
In November, Finance Minister Nirmala Sitharaman said that the government had no proposal to recognize Bitcoin as a currency in the country.
Earlier, in September 2020, the Twitter account linked to Prime Minister Narendra Modi's personal website and mobile app was hacked.
Source: benzinga
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Elon Musk, the CEO of $Tesla (TSLA.US)$ , challenges Changpeng Zhao, the CEO of cryptocurrency exchange Binance on Tuesday.
Musk tweeted Zhao and asked him: "What's going on with your Doge customers?" Musk has called dogecoin is his favorite cryptocurrency.
On Nov 11, Binance suspended dogecoin withdrawals due to a glitch after a network update. Binance said it would resume withdrawals once the problem had been resolved, but that the suspension could last until Nov 29.
"Sounds shady." Musk added.
Binance replied on its Twitter and said that it was "not shady – just frustrating and we're working on it." And then Musk replied "Doge holders using Binance should be protected from errors that are not their fault."
However, Zhao didn't feel happy with Musk's words.
Zhao replied to Musk that Binance was "pretty certain" and apologized. But he also linked to an article about Tesla recalling nearly 12,000 US vehicles due to a software glitch, asking: "What happened here?".
In an February interview, Zhao said he was surprised that Musk was an advocate of dogecoin. "I strongly believe that he's not really associated with Dogecoin in any way," he said.
Zhao also said that Musk should be more careful about his tweets on cryptocurrencies in another interview in June.
Update on Nov. 24:
It looks like they've all calmed down.
Source: businessinsider, twitter
Musk tweeted Zhao and asked him: "What's going on with your Doge customers?" Musk has called dogecoin is his favorite cryptocurrency.
On Nov 11, Binance suspended dogecoin withdrawals due to a glitch after a network update. Binance said it would resume withdrawals once the problem had been resolved, but that the suspension could last until Nov 29.
"Sounds shady." Musk added.
Binance replied on its Twitter and said that it was "not shady – just frustrating and we're working on it." And then Musk replied "Doge holders using Binance should be protected from errors that are not their fault."
However, Zhao didn't feel happy with Musk's words.
Zhao replied to Musk that Binance was "pretty certain" and apologized. But he also linked to an article about Tesla recalling nearly 12,000 US vehicles due to a software glitch, asking: "What happened here?".
In an February interview, Zhao said he was surprised that Musk was an advocate of dogecoin. "I strongly believe that he's not really associated with Dogecoin in any way," he said.
Zhao also said that Musk should be more careful about his tweets on cryptocurrencies in another interview in June.
Update on Nov. 24:
It looks like they've all calmed down.
Source: businessinsider, twitter
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Cathie Wood's flagship $ARK Innovation ETF (ARKK.US)$continues to feel the pressure as the fund ended in the red on Monday -4.19% and has now closed to the downside in eight of the last ten trading sessions.
Over the past ten days ARKK has fallen 12.44% and now trades -13.86% year-to-date.
The exchange traded fund touched an intraday low of $107.59, which it has not seen in well over a month, dating back to October 5.
Moreover, investors appear to be fleeing themselves from ARKK. Since November 1, the ETF has also witnessed an outpour of capital flows totaling $359.94M, according to etfdb.com.
Fueling ARKK’s recent selloff has been the rise of the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$yield, which has climbed 16 basis points over the same period. Traditionally as yields ascend, they put pressure on tech-heavy names which ARKK holds.
Below is a two-month chart of ARKK highlighting its recent ten day decline. Investors opposed to ARKK may look towards the $Tradr 2X Short Innovation Daily ETF (SARK.US)$, which is ARKK's inverse competitor fund that has returned +12.56% over the same ten-day period ARKK has slipped.
$Tesla (TSLA.US)$
Over the past ten days ARKK has fallen 12.44% and now trades -13.86% year-to-date.
The exchange traded fund touched an intraday low of $107.59, which it has not seen in well over a month, dating back to October 5.
Moreover, investors appear to be fleeing themselves from ARKK. Since November 1, the ETF has also witnessed an outpour of capital flows totaling $359.94M, according to etfdb.com.
Fueling ARKK’s recent selloff has been the rise of the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$yield, which has climbed 16 basis points over the same period. Traditionally as yields ascend, they put pressure on tech-heavy names which ARKK holds.
Below is a two-month chart of ARKK highlighting its recent ten day decline. Investors opposed to ARKK may look towards the $Tradr 2X Short Innovation Daily ETF (SARK.US)$, which is ARKK's inverse competitor fund that has returned +12.56% over the same ten-day period ARKK has slipped.
$Tesla (TSLA.US)$
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$Tesla (TSLA.US)$shares hit a record high of $1,243.49 per share on Thursday.
Who is selling Tesla stock?
Popular money manager Cathie Wood's investment firm Ark Invest sold more shares in Tesla, and including the latest sale Ark Invest has sold about $1.44 billion worth of shares in Tesla since the start of September.
Tesla board chair Robyn Denholm exercised options to 25,000 shares on Monday, sold all of the stocks on the same day. His options would expire in June next year, were exercised at $52.38 per share, sold at up to $1,147.3 each.
Is it a good time to short Tesla?
Tesla is now up a whopping 52% in the past month, adding about $400 billion to its market cap. The extreme move comes after a 2 billion deal to sell 1,000 Model 3 to $Hertz Global Holdings, Inc. (HTZZ.US)$.
DataTrek Research co-founder Nicholas Colas said it's understandable that short sellers may see an opportunity to short Tesla stock after its extreme move higher.
In fact, Tela has outperformed the S&P 500 by about 77% in the past 100 days, a performance that may seem like an opportunity for a mean reversion trade at first glance.
Don't short Tesla here. Crazy as it sounds, the stock's recent rally is pretty normal action for this name.”
—— Colas said in a Tuesday note
Traders' movements in Oct. showed that Tesla's rally isn't over: click here.
Mooers, do you think whether or not Tesla stock is too expensive now?
Who is selling Tesla stock?
Popular money manager Cathie Wood's investment firm Ark Invest sold more shares in Tesla, and including the latest sale Ark Invest has sold about $1.44 billion worth of shares in Tesla since the start of September.
Tesla board chair Robyn Denholm exercised options to 25,000 shares on Monday, sold all of the stocks on the same day. His options would expire in June next year, were exercised at $52.38 per share, sold at up to $1,147.3 each.
Is it a good time to short Tesla?
Tesla is now up a whopping 52% in the past month, adding about $400 billion to its market cap. The extreme move comes after a 2 billion deal to sell 1,000 Model 3 to $Hertz Global Holdings, Inc. (HTZZ.US)$.
DataTrek Research co-founder Nicholas Colas said it's understandable that short sellers may see an opportunity to short Tesla stock after its extreme move higher.
In fact, Tela has outperformed the S&P 500 by about 77% in the past 100 days, a performance that may seem like an opportunity for a mean reversion trade at first glance.
Don't short Tesla here. Crazy as it sounds, the stock's recent rally is pretty normal action for this name.”
—— Colas said in a Tuesday note
Traders' movements in Oct. showed that Tesla's rally isn't over: click here.
Mooers, do you think whether or not Tesla stock is too expensive now?
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fall more so i can buy please
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70647194 : Lol