Elon Musk

This week in the fun world of crypto, as people were arguing again whether it’s time to switch to sats from BTC, bitcoin mining difficulty hit a new ATH, but then after ETH broke USD 4K and bitcoin rallied past USD 59K, Tesla Elon Musk once again moved the whole…

NEW YORK: Cryptocurrency fans have counted Tesla boss Elon Musk as among their champions, but this week he rocked their world by questioning the future of the digital assets and singling out carbon emissions from bitcoin mining for particular criticism. "Energy usage trend over past few months is insane," Musk…

May 14, 2021 -- When billionaire Tesla founder Elon Musk revealed he has Asperger's syndrome on his recent Saturday Night Live hosting gig, many applauded his transparency and the ability to speak about a condition that's often stigmatized. Others, while still appreciating the honesty, point out that Asperger's is outdated…

Elon Musk said he was working with Dogecoin developers to "improve system transaction efficiency" one day after Tesla announced it would stop accepting Bitcoin for payment. Bitcoin prices immediately fell after Musk announced the Tesla policy reversal on Wednesday, although prices appeared to have stabilized somewhat by Thursday. The value…

Tesla Inc. boss Elon Musk on Thursday denounced the “insane” amount of energy used to produce bitcoin BT*1, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Musk, one of bitcoin’s most ardent backers, tweeted a graph of bitcoin’s power consumption and…

Timothy Peterson has forecasted that Ethereum could close the month of May at a value of between $3,500 and $6,200His analysis is based on ETH’s seasonal trend of performing well in the first half of the year$4.6k is a possible mid-point value for the monthly close with the higher range…

Justin Sun has pitched Tron to Elon Musk as being the most energy-efficient network for blockchain and crypto transactionsMr. Sun has pointed out that Tron uses less than 1% of Bitcoin’s energy consumptionTron settles over $10 Billion daily and USDT on Tron is very liquid with a market cap of…

Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns. “We are concerned about rapid increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk said on Twitter. He…

Tesla CEO Elon Musk in Los Angeles. zz/Wil R/STAR MAX/IPx Elon Musk, who has become a volatile force in the cryptocurrency universe, said Tesla is no longer accepting Bitcoin as payment for purchases of its electric vehicles owing to the excessive amount of carbon-based energy it uses. Bitcoin plunged following…

Tesla CEO Elon Musk said Wednesday that the car company would no longer accept bitcoin to purchase its vehicles, citing concerns about the environmental impact of the cryptocurrency. "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions…