• Home
  • News
  • AMA’s
  • Calendar
  • Tutorials
  • Videos
  • Advertising
  • Contact Us
  • Disclaimers
    • Careers
    • About BSCTimes
    • Privacy Policy
    • CCPA
    • DMCA
    • Terms of Use

Featured Articles

News

Robinhood Promotes Scam Token on BNB Chain

January 27, 2023By BSCTimes2 Mins Read
News

BUSD Sees Large Market Cap Decrease

January 26, 2023By BSCTimes2 Mins Read
News

Binance Holds User Funds and Reserve Tokens in Exchange Wallet

January 24, 2023By BSCTimes1 Min Read
News

Uniswap Poll Shows Overwhelming Support to Move to BNB Chain

January 23, 2023By BSCTimes2 Mins Read

Subscribe for Updates

Get the latest cryptocurrency news, information and updates.

Sunday, January 29
Latest
  • Robinhood Promotes Scam Token on BNB Chain
  • BUSD Sees Large Market Cap Decrease
  • Binance Holds User Funds and Reserve Tokens in Exchange Wallet
  • Uniswap Poll Shows Overwhelming Support to Move to BNB Chain
  • Binance Makes Strict Rules for NFT Listings
  • Uniswap Voting to Deploy on BNB Chain
  • Anonymous Crypto Wallet Moves $50M of Ethereum to Binance
  • Universities in the Philippines to Offer Bitcoin and Crypto Services with Binance
  • Voyager Hoping to Expedite Binance Takeover
  • Binance Partners with Mastercard to Launch a Crypto Prepaid Card in Argentina
Twitter YouTube Reddit RSS
BSC🔶Times BSC🔶Times
Switch to PolygonTimes
  • Home
  • News
  • AMA’s
  • Tutorials
  • Token Prices
  • Get In Touch
    • About BSCTimes
      • Contact Us
      • Careers
    • Advertising
      • Press Kit
    • Publisher Center
      • Cart
      • Checkout
    • Disclaimers
      • Cookie Policy
      • Privacy Policy
      • CCPA
      • DMCA
      • Terms of Use
BSC🔶Times BSC🔶Times
Home»News»Breaking News»It Takes Two to Tango
Breaking News

It Takes Two to Tango

BSCTimesBy BSCTimesMay 13, 20212 Mins Read
it takes
Share
Reddit Twitter Email Facebook

Anything that can go wrong will go wrong.

Murphy’s First Law certainly applied to yesterday’s events in the crypto world as the market crashed following actions from two of its most beloved figures, Elon Musk and Vitalik Buterin.

The first act was played by Vitalik and the meme coin SHIB (incidentally just listed in Binance), one of the most successful dog themed coins created on the coattails of Dogecoin.

As part of its tokenomics, Shib decided to send 50% of its supply to Vitalik’s address, as a marketing ploy, not expecting him to do anything. Yet out of the blue he decided to send $1B of $SHIB tokens, as well as other similar coins he was given, to the India COVID-Crypto Relief Fund and other charities. A charitable move for all intended purposes.

However the market reacted poorly and Bitcoin tanked soon after, as SHIB plummeted along with many dog or moon related tokens. Many people mistook the events for a rug on Vitalik’s part, and some newcomers to the space even asked who he was.

Just as the market began to recover, the second act came as a tweet by Elon Musk stating that Tesla was suspending the acceptance of Bitcoin as a form of payment for their vehicles, citing environmental concerns over the use of fossil fuels to power the mining of Bitcoin.

The company introduced Bitcoin for payments with great praise from the community just last month.

Tesla did specify that they would not sell any Bitcoin and were looking for more environmentally friendly cryptocurrency alternatives; however, the damage was done and Bitcoin dipped below $50k effectively crashing the whole crypto market.

Ironically Vitalik and Musk, perhaps some of the two most influential people in the crypto tight knit community were responsible for its biggest dip in a quite a while, demonstrating just how much Social Media does influence the market as a whole.

Join @BSCTimes on Telegram
bitcoin crash musk shiba tesla vitalik

Related Posts

BSC News

Universities in the Philippines to Offer Bitcoin and Crypto Services with Binance

January 16, 2023By BSCTimes
Read More
News

Tesla Sold Their Bitcoin, Binance CEO Claims it was “A Drop in the Ocean”

August 3, 2022By Andrew the Dude
Read More
News

A Lawsuit May Determine Who is Behind the Invention of Bitcoin

March 24, 2022By BSCTimes
Read More

Comments are closed.

en English
af Afrikaanssq Shqipam አማርኛar العربيةhy Հայերենaz Azərbaycan dilibe Беларуская моваbn বাংলাbg Българскиca Catalàzh-CN 简体中文zh-TW 繁體中文hr Hrvatskics Čeština‎da Dansknl Nederlandsen Englisheo Esperantotl Filipinofi Suomifr Françaiska ქართულიde Deutschel Ελληνικάgu ગુજરાતીht Kreyol ayisyeniw עִבְרִיתhi हिन्दीhu Magyaris Íslenskaig Igboid Bahasa Indonesiaga Gaeligeit Italianoja 日本語kn ಕನ್ನಡko 한국어ku كوردی‎lo ພາສາລາວla Latinlv Latviešu valodalt Lietuvių kalbalb Lëtzebuergeschmk Македонски јазикms Bahasa Melayuml മലയാളംmr मराठीmn Монголmy ဗမာစာne नेपालीno Norsk bokmålps پښتوfa فارسیpl Polskipt Portuguêspa ਪੰਜਾਬੀro Românăru Русскийsm Samoansr Српски језикsd سنڌيsk Slovenčinasl Slovenščinaso Afsoomaalies Españolsu Basa Sundasw Kiswahilisv Svenskata தமிழ்te తెలుగుth ไทยtr Türkçeuk Українськаur اردوuz O‘zbekchavi Tiếng Việtcy Cymraegyi יידישyo Yorùbázu Zulu

Featured Articles

News

Robinhood Promotes Scam Token on BNB Chain

January 27, 2023By BSCTimes
News

BUSD Sees Large Market Cap Decrease

January 26, 2023By BSCTimes
News

Binance Holds User Funds and Reserve Tokens in Exchange Wallet

January 24, 2023By BSCTimes
News

Uniswap Poll Shows Overwhelming Support to Move to BNB Chain

January 23, 2023By BSCTimes
BSC🔶Times
  • Homepage
    • News
      • AMA’s
        • Tutorials
  • BSCT Twitter
    • BSCT YouTube
      • BSCT Telegram
        • BSCT Reddit
          • BSCT Google News
  • Advertising
    • Publisher Center
      • Checkout
        • Cart
  • Disclaimers
    • Privacy Policy
      • Cookie Policy
        • Terms of Use
  • About BSCTimes
    • Contact Us
      • Press Kit
Copyright © Crypto Times Network 2023. All Rights Reserved.
BSCTimes.com | PolygonTimes.com

Type above and press Enter to search. Press Esc to cancel.