Elon Musk

Elon Musk has emerged as one of the most influential figures in cryptocurrency, with his social media posts and business decisions regularly moving markets and shaping public perception of digital assets. The Tesla and SpaceX CEO has revealed he personally owns only Bitcoin, Ethereum, and Dogecoin, while his companies have integrated cryptocurrency payments and even funded space missions with digital assets. Musk's public backing of Dogecoin has long been a major driver of its price, making the meme coin particularly sensitive to his public statements and endorsements.

Through his various companies, Musk has pioneered corporate cryptocurrency adoption beyond traditional treasury strategies. Tesla accepts DOGE as payment for merchandise, The Boring Company accepts DOGE for rides, and SpaceX announced DOGE-1 — a satellite mission 100% paid for in DOGE. His influence extends from calling Dogecoin "the people's crypto" to briefly adding Bitcoin to Tesla's balance sheet, demonstrating how individual endorsements can drive mainstream cryptocurrency adoption.

At CoinDesk, we track Elon Musk news covering his cryptocurrency investments, social media market impact, and his companies' blockchain innovations. Our reporting examines how Musk's tweets influence crypto markets, his role in popularizing meme coins, Tesla's evolving crypto payment strategies, and the broader implications of celebrity cryptocurrency endorsements on market dynamics and regulatory discussions.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Finance

Elon Musk's X Has Licenses in Multiple U.S. States to Process Payments, Including Crypto

Musk's social media platform, X, formerly Twitter, has obtained money or currency transmitter licenses in seven U.S. states including Maryland, New Hampshire and Rhode Island.

By Sandali HandagamaAug 31, 2023

Opinion

Vitalik Buterin Has Thoughts on Social Media Fact Checking

Ethereum's founder applauds Elon Musk's “Community Notes” tool for taking a crack at “credible neutrality.”

By Daniel KuhnAug 17, 2023

DENVER, CO - FEBRUARY 18: Ethereum co-founder Vitalik Buterin speaks at ETHDenver on February 18, 2022 in Denver, Colorado. ETHDenver is the largest and longest running Ethereum Blockchain event in the world with more than 15,000 cryptocurrency devotees attending the weeklong meetup. (Photo by Michael Ciaglo/Getty Images)

Finance

Elon Musk’s X Seeks Data Partner to Build Trading Service on App: Semafor

Given the billionaire's affinity for digital assets, the offering could include crypto trading.

By Helene BraunAug 3, 2023

Podcasts

Twitterverse, Now ‘X’ in Chaos as Crypto Regulation Heats Up!

By Sheila Warren, Michael J. CaseyAug 2, 2023

Money Reimagined Digital Money Stage at Consensus 2022

Tech

Why You Should Care About Litecoin: It's the Backbone of Dogecoin

Litecoin, a blockchain cloned from Bitcoin in 2011 that underwent a key milestone on Wednesday known as a “halving,” provides network security to Dogecoin via a process called “merged mining.” Dogecoin is a frequent social-media topic for Tesla CEO Elon Musk.

By Frederick MunawaAug 2, 2023

Web3

Suku May Beat Musk to Crypto Twitter Payment Adoption

Last week, Web3 wallet Suku teamed up with Polygon to release a free open-edition NFT collection – during which users minted over 50,000 NFTs directly on Twitter.

By Cam ThompsonJul 27, 2023

Suku and Polygon's Twitter-based NFT mint (Suku)

Opinion

Twitter Is Dead. Long Live Crypto Twitter?

Elon Musk's rebranded X.com used to be the white-hot center of the crypto world. What comes next?

By David Z. MorrisJul 26, 2023

Finance

Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

By Helene BraunJul 25, 2023

Videos

Goodbye, Bird: 'X' Tokens Emerge After Elon Musk's Twitter Rebrand

Several tokens branded ‘X’ popped up on decentralized exchanges (DEX) overnight as Elon Musk-owned Twitter changed its iconic blue bird logo for an X symbol. "The Hash" panel discusses the latest changes as Twitter CEO Linda Yaccarino stated in part, "powered by AI, X will connect us all in ways we’re just beginning to imagine."

Jul 24, 2023