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World

Elon Musk makes crypto jump after his tweet says Telsa will allow Bitcoin when mining becomes clean

Elon Musk tweeted that his electric car company Tesla will resume allowing Bitcoin transactions when miners who verify transactions use 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 said in a tweet on Sunday. Bitcoin surged […]

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World

Elon Musk is ‘another rich dude desperate for attention’: Hacktivist target Tesla CEO for playing games with crypto market

A decentralised international hacktivist group, Anonymous, has threatened Tesla CEO Elon Musk to “expect” them, saying the games played by the entrepreneur with crypto markets seemed to have destroyed lives. In a video posted on the Facebook page of Anonymous, the hackers said that the “carefully curated” image of Elon Musk is getting exposed, and […]

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Social Media Reactions

Elon Musk’s Bitcoin breakup tweet sends the crypto market crashing

The price of bitcoin sank on Friday after Elon Musk appeared to lament the end of his relationship with the cryptocurrency. The Tesla CEO tweeted a meme about a couple breaking up along with the bitcoin hashtag and a broken heart emoji. The post included lyrics from a song by rock band Linkin Park titled […]

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Business

Elon Musk hints at Tesla holding onto Bitcoin despite crash 💎

The market value of Tesla Inc’s bitcoin holdings fell by half to $1.26 billion, close to the electric car maker’s purchase cost, as the cryptocurrency’s value plunged following a crackdown by the Chinese government. On Wednesday Chief Executive Elon Musk signalled that the company still is not selling, tweeting symbols for diamond hands to his […]

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Business Insane

Elon Musk loses 2nd richest tag to Louis Vuitton’s Bernard Arnault as Tesla stocks tumble

Elon Musk, Tesla Inc.’s chief executive officer lost his spot as the world’s second-richest person to LVMH Chairman Bernard Arnault as the electric vehicle-maker’s shares fell 2.2% amid fresh signs of trouble in its China business. Musk, who held the top spot in the Bloomberg Billionaires Index as recently as March, now has a fortune […]

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Social Media Reactions

Elon Musk hints at Tesla ‘dumping’ Bitcoin holding worth $1.5 billion

Billionaire Elon Musk has hinted that Tesla could have dumped the remainder of its Bitcoin holdings in a cryptic tweet posted on Sunday. Tesla bought about $1.5 billion worth of Bitcoin back in February, around the time it announced it would accept the cryptocurrency as payment for its products. However, it was revealed earlier this […]

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Business World

Elon Musk’s Tesla suspends vehicle purchase using Bitcoin due to climate concerns

Tesla has suspended vehicle purchases using bitcoin due to climate change concerns, its CEO Elon Musk said in a tweet. Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped. Tesla’s announcement in March that it would accept the cryptocurrency was met with an outcry from some environmentalists and investors. The […]

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Business

Tesla’s poor sales performance in China worries investors

Tesla’s poor performance in China has worried investors. The electric car leader sold fewer than 26,000 cars in China in April, down 27% from March, according to figures released by the China Passenger Car Association. However. local electric vehicle manufacturers Nio, Xpeng, and Li Auto, all reported improved domestic sales. Tesla was the target of […]

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Insane

‘DOGE-1 Mission to the Moon’: Elon Musk’s SpaceX to launch crypto funded satellite to the moon

Rocket company SpaceX will put a literal Dogecoin on the moon. Elon Musk, the founder, CEO, CTO, and chief designer of SpaceX in a tweet said the commercial space exploration firm will launch the “DOGE-1 Mission to the Moon” early next year. The mission will be funded by the meme-inspired cryptocurrency dogecoin. The DOGE-1 is […]

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Insane

Dogecoin falls nearly 50% after Elon Musk’s appearance on SNL

Elon Musk’s appearance on Saturday Night Live over the weekend didn’t take Dogecoin “to the moon.” On the contrary, the price dropped significantly. In the days and weeks leading up to Musk’s much-anticipated gig as SNL host, Dogecoin began rising heavily. In January, Dogecoin was priced at around 1 cent. Just last week a single […]

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Business World

‘Crypto is the future currency of earth, but don’t risk life savings’: Elon Musk sounds caution on crypto

Tesla’s Elon Musk has sounded a note of caution for investors looking to gain from the boom in the prices of cryptocurrencies such as Bitcoin, Ethereum, Dogecoin and others. Elon Musk said that while he believes that crypto could be the default future currency of the earth, nonetheless, people shouldn’t invest their life savings into […]

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Insane World

SpaceX successfully lands reusable heavy-lift launch Starship rocket

SpaceX has achieved the first successful touchdown of its prototype Starship rocket during the latest test flight of the next-generation launch vehicle in southern Texas in the United States after four previous landing attempts ended in explosions. Wednesday’s feat marked a key milestone for the private rocket company of billionaire tech mogul Elon Musk in […]