Financial Industry News
Many people doubted Nayib Bukele’s Volcano Bitcoin Mining plans, but here we are. The president shared a video via Twitter in which we can see an El Salvador government-branded container arriving at the geothermal power plant. The reveal is that the container is full of Bitcoin mining rigs and you can see the technicians plugging […]
Continue ReadingDogecoin has been pushed recently as a payment method for various things. Things like the Dogecoin festival accepting payments for tickets in Dogecoin. And Mark Cuban announcing his basketball team, the Dallas Mavericks, would start accepting payments in Doge. But one that the community had been waiting for was being able to pay for Tesla […]
Continue ReadingAccording to a statement made by the tesla CEO, Bitcoin may have hit 50% in its consumption of renewable energy or beyond the number. Musk believes that the crypto industry is approaching a greener future, which will push it higher. However, he insisted that Tesla won’t accept Bitcoin payment yet. Related Reading | Nuggets CEO […]
Continue ReadingElon Musk, Tesla’s CEO, has hinted in a reply on a Twitter post that the company might own close to 42k Bitcoin. Elon Musk Hints Tesla Owns Around 42k Bitcoin Tesla shareholder Dave Lee has run a rough calculation on Twitter to show how many BTC the company owns. In his estimation, Lee has used […]
Continue ReadingThe billionaires had a Zoom meeting yesterday, and it’s all crypto Twitter talks about today. Bitcoin should embrace ESG concerns, thinks Cathie Wood. Jack Dorsey hopes Bitcoin will bring world peace. Elon Musk doubled down on his sketchy views about the subject and wasn’t confronted. Just another day in the neighborhood. In Bitcoinist’s first-impression-candid review […]
Continue ReadingThe battle of the billionaires was a bit of a letdown. In “The B Word” conference, Elon Musk repeated the views he’s expressed on Twitter. Jack Dorsey didn’t confront him in any way. The addition of Cathie Wood didn’t bring much to the table in that regard. For something that was initially billed as “THE […]
Continue ReadingLet the games begin! The battle of the billionaire CEOs has a time and a place. In the blue corner, the Bitcoin maximalist, Jack Dorsey, Square and Twitter’s CEO. In the red corner, Bitcoin critic and Doge promoter, Elon Musk, Tesla and Space X’s CEO. They promise to have “THE talk,” as part of “The […]
Continue ReadingTesla CEO Elon Musk tweeted earlier this Sunday that the electric carmaker would resume its Bitcoin transactions once verified crypto mining operations utilise more renewable energy. “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with [a] positive future trend, Tesla will resume allowing Bitcoin transactions,” he wrote. This is inaccurate. Tesla […]
Continue ReadingThe masses cheered as Tesla CEO Elon Musk added the Bitcoin hashtag to his Twitter bio, and later revealed his company would accept BTC for purchases. Since then, however, the moon man himself has done enormous damage to the crypto bull market structure, and to investor’s bottom lines. Worst of all, Musk is weakening the […]
Continue ReadingThe jury is still out on whether that meeting between the two gazillionaires and “the leading Bitcoin miners in North America” was positive or nefarious. Part of the Bitcoin community interpreted it as a shrewd PR move and supported the Bitcoin Mining Council. The others smell centralization, are suspicious of closed-door meetings and rejected it. […]
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