Tesla

Elon Musk lays out when Tesla will begin accepting Bitcoin payments

Tesla CEO Elon Musk says his electric-vehicle company will start accepting Bitcoin (BTC) payments once there’s confirmation that miners are utilizing clean energy, offering a glimmer of hope that the FUD surrounding digital assets could soon subside.  Musk responded to a Cointelegraph tweet on Friday about recent accusations from Sygnia CEO Magda Wierzycka, who called …

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Daymak to Launch Crypto Mining Vehicle by 2023

<div class=”featured_image_container”> </div> <strong>Daymak, a Canada-based electric vehicle company, has announced the Daymak Spiritus, an electric car that will be able to mine cryptocurrencies. According to the specs, it will also feature solar charging to lessen the load on the battery while driving. The company, which has only offered the car for 60 days, claims …

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Bitcoin and Ethereum fees slump to six-month low

The transaction fees of Bitcoin and Ethereum have slumped to six-month lows as the markets cool after the recent crypto downturn. According to BitInfoCharts, the average price of performing a transaction using Bitcoin has fallen from an early-April all-time high of $62.77 to around $7.20 — an 88% drop over just six weeks.  Bitcoin average …

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Number of Bitcoin wallets holding 100-1K BTC soars after Tesla’s $1.5B buy-in

The amount of Bitcoin (BTC) held by whales increased by around 14% after Tesla announced its foray into the cryptocurrency sector in early February 2021. The latest data from on-chain analytics platform Glassnode shows an inflow of roughly $19.5 billion worth of Bitcoin — according to current exchange rates — into wallets that hold at …

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Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrative

MicroStrategy CEO, Michael Saylor has explained the details and thinking behind the formation of the Bitcoin Mining Council. The council was formed on May 25 after Saylor brokered a successful meeting between Elon Musk and several top North American Bitcoin mining firms. The miners involved will provide current and planned renewable usage transparency, and will …

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Powers On… Why the SEC, CFTC or FTC needs to check in on Elon Musk’s frenzied crypto tweets

Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches a course on “Blockchain, Crypto and …

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Elon Musk Reaffirms His Crypto Allegiance

<div class=”featured_image_container”> </div> <strong>Elon Musk, the CEO of Tesla and Spacex, has, at last, reaffirmed his cryptocurrency allegiance, after a series of contradictory signals that collaborated with the market plunge this past week. Musk affirmed he ultimately favors cryptocurrency against fiat-issued money on Twitter, something that was seen as a clear rebuff from his earlier …

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Chinese Firm Invests $25 Million in ‘Cryptocurrency Mining Data Center’ in Texas

<div class=”featured_image_container”> </div> <strong>On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the two companies will construct and operate a 57.2 MW mining facility …

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Elon Musk impersonators make bank as crypto scammers’ profits surge

The United States Federal Trade Commission has found that crypto scammers’ profits spiked in the last two months, noting a surge in fraudulent impersonators posing as prominent figures associated with digital assets, such as Elon Musk.  The findings report that cryptocurrency investment scams rose sharply in October 2020 as the impacts of coronavirus pandemic and …

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Myspace Tom Anderson is ‘Buying The Dip,’ Posts Laser Eyes Meme on Twitter

<div class=”featured_image_container”> </div> <strong>Myspace founder Tom Anderson has joined the heated chatter surrounding the recent crypto market drop. The now-retired entrepreneur expressed his feelings about the situation, posting a laser eyes photo of himself accompanied with a short caption, “Buying The Dip.” </strong> Myspace Tom Tweets in Support of Bitcoin Tech entrepreneur and Myspace cofounder …

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