Elon Musk

More than a decade after Satoshi Nakamoto combined proof of work and bitcoin mining together, fallacious comparisons of “energy cost per transaction” continue to be spread by seemingly intelligent and well-researched individuals. We can trace much of the spread of this narrative back to Alex de Vries—a data scientist who…

Welcome back to 10 Things in Politics, your weekday look at the biggest stories in DC and beyond. Sign up here to receive this newsletter. Send tips to bgriffiths@insider.com or tweet me at @BrentGriffiths. Here's what we're talking about: Some Black Lives Matter activists feel Congress is sidelining them in…

By Mark Hunter 1 week agoTue May 25 2021 08:36:55 Reading Time: 2 minutes Elon Musk and Michael Saylor have announced a Bitcoin Mining Council formed of some of North America’s biggest miners The Bitcoin Mining Council will “promote energy usage transparency” and “accelerate sustainability initiatives worldwide” Musk has conducted…

Once again, Elon Musk has tweeted and pushed Bitcoin’s price beyond an important resistance area, for now. At the time of writing, BTC trades at $39,022 with a 15.5% profit in the daily chart. BTC with bullish momentum in the daily chart. Source: BTCUSD Tradingview The cryptocurrency had a bloody…

Reading Time: 2 minutes An attempt to scale up Dogecoin too much will result in extreme centralization, Ethereum creator says. Elon Musk had previously revealed his plans to scale up DOGE by 900%. The best possible approach can enable scaling of up to 3x. Ethereum creator Vitalik Buterin explains why…

CEO of LVMH Bernard Arnault AFP via Getty Images French fashion tycoon Bernard Arnault is the world’s richest person this Monday morning, with an estimated net worth of $186.3 billion—putting him $300 million above Jeff Bezos, who is worth $186 billion, and Elon Musk, worth $147.3 billion. Arnault’s fortune has…

Vitalik Buterin published a post on the various scalability solutions for blockchains and how increasing parameters, as suggested by Musk, are inadvisable. Ethereum co-founder Vitalik Buterin, in a blog post published on May 23, offered some detailed thoughts on the scalability problem. The post is in part a refutation of…

When billionaire Elon Musk announced that Tesla would no longer accept bitcoin as payment for its electric vehicles, the price of the crypto asset tanked. In justifying this decision, Musk cited bitcoin mining’s inefficient use of electricity as well as its impact on the environment. In fact, before Musk waded…

Dit kan intimiderend wees om in digitale geld te belê, maar dit hoef nie te wees nie. Foto: Getty Images Bitcoin's extreme volatility carried into the weekend as the world's largest cryptocurrency continued this past week. The digital token slumped as much as 13% on Sunday, and traded 12.3% lower at…

Elon Musk, the meme-loving Tesla TSLA chief executive that moves markets with his irreverent tweets, is apparently readying for war. Musk, who's recently gone all-in on the somewhat satirical cryptocurrency dogecoin—helping its price soar many thousands of percent to a mind-blowing $42 billion market capitalization—sees a "battle" coming between government-backed…