With Tesla being a major supporter for Bitcoin, it’s only fitting that the automaker would team up with other companies to develop a completely renewable Bitcoin mine. Tesla is teaming up with Jack Dorsey’s Block, formerly known as Square, and the company Blockstream to develop a solar-powered Bitcoin mine in Texas, according to CNBC. The […]
Head of Tesla Elon Musk has been known for his public support of cryptocurrency, and a new update from the automaker shows that they ended last year with nearly $2 billion in Bitcoin. Tesla said on Monday it ended 2021 holding $1.99 billion in Bitcoin, after purchasing a total of $1.5 billion in the […]
For a recently published story, CNBC talked to several Tesla owners who have mined Bitcoin and other altcoins, including Ethereum and more, using the internal computer and/or battery power of their cars. San Francisco-based Siraj Raval has tried mining cryptocurrencies on his 2018 Tesla Model 3 using every way possible. From running free Bitcoin mining software […]
Elon Musk thinks it is pretty clear that the supersecretive cryptocurrency expert Nick Szabo is Satoshi Nakamoto, the anonymous creator of Bitcoin, even though he believes it doesn’t really matter who actually created the digital currency (via Yahoo Finance). “You can look at the evolution of ideas before the launch of bitcoin and see who […]
Back in March of this year, Tesla started accepting cryptocurrency Bitcoin as a form of payment, but the option was short-lived as it was removed in May. Now, Tesla’s website code has listed Bitcoin as a form of payment, while also mentioning “SHIBA”, referring to the so-called ‘Dogecoin killer’ cryptocurrency known as Shiba Inu. When […]
On Wednesday, Tesla and SpaceX CEO Elon Musk joined Square CEO Jack Dorsey and ARK Invest CEO Cathie Wood on a panel discussing Bitcoin, at The B Word online conference. Musk revealed he holds a “significant” amount of Bitcoin, without revealing the number, while also acknowledging he also holds a smaller quantity of Ethereum and […]
Tesla and SpaceX CEO Elon Musk has been a major proponent of cryptocurrencies, especially including Bitcoin and Dogecoin, and in a new update, Musk is expected to speak at a crypto conference this weekend, alongside various other industry professionals. Musk will speak at a new cryptocurrency conference created by the initiative The B Word, at […]
Just a couple weeks after a pair of tweets from Tesla CEO Elon Musk with Bitcoin breakup memes, the billionaire entrepreneur has shared that Tesla could again start using the cryptocurrency down the line. Bitcoin’s price rose above $40,000 again on Monday, following comments from Tesla CEO Elon Musk saying that Tesla could start taking […]
In an interview with AI researcher Lex Fridman on YouTube, Ethereum co-founder Vitalik Buterin talked about the cryptocurrency’s future, the blockchain’s in-progress upgrade to the proof-of-stake token creation and transaction validation model, and the popular meme cryptocurrency Dogecoin. When Fridman asked Buterin if it would be possible for Dogecoin to “beat bitcoin hands down,” the […]
Just months after Tesla CEO Elon Musk claimed he was a supporter of Bitcoin, it appears the billionaire’s relationship with the cryptocurrency may officially be over following a cryptic meme about the digital currency. On Thursday, Elon Musk tweeted a cryptic, Linkin Park-themed breakup meme, captioned #Bitcoin, with both the Bitcoin and broken heart emojis. […]
After an online summit with Tesla CEO Elon Musk, who has been an outspoken supporter of cryptocurrency in recent months especially, Bitcoin miners have promised to cut their carbon footprints by transitioning to renewables, according to The Telegraph. During the weekend Zoom meeting, London-listed Bitcoin miner Argo Blockchain shared plans to publish a 2020 energy […]
In the “true battle between fiat & crypto”, Tesla CEO Elon Musk says he supports “the latter” — reports Yahoo! Finance. The Tesla CEO, who has been exceptionally outspoken on the need for an unregulated, decentralized currency, said this in response to a tweet asking him what he thought about those who are mad at him […]
The cryptocurrency market is experiencing a bloodbath at the moment, as a huge selloff is underway, especially for Bitcoin, which had fallen below $31,000 USD this morning, but has since risen back up to just under $40,000 USD as of writing, still a low for the largest cryptocurrency. Elon Musk has found himself in a […]
On Tuesday morning, cryptocurrencies saw an uptick, after weekend sell-offs caused the price of Bitcoin to drop to its lowest point since February, according to Yahoo Finance. Bitcoin was up 1%, trading at $45,005.418, while Ethereum and Ripple rose 0.9% and 6%, respectively. The sell-off was initially sparked by Elon Musk, who said “indeed” in […]
On Wednesday, Tesla suddenly announced it suspended accepting Bitcoin payments, in a surprising change of pace that Wedbush says could harm the company in the long run. According to Business Insider, Wedbush’s Dan Ives said in a note Thursday that Tesla’s decision to suspend Bitcoin payments is “very surprising and confusing,” especially given Tesla’s astounding […]
