Bitcoin sell-off continues as BTC nears $31K ahead of Powell’s speech
The latest price declines came after the US inflation rose to a 30-year high in June. Go to Source Powered by WPeMatico
Elon Musk
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Baby Doge Sheds Over 40% This Week Despite NASCAR Debut and Animal Shelter Donation
The popular meme token baby doge has slid quite a bit in value even after the token’s image was plastered all over Brandonbilt Motorsports’ No. 68 Chevrolet Camaro at the NASCAR Xfinity Series in Atlanta this past weekend. On Monday, baby doge statistics show the coin has dropped 42% in value over the last seven … Read more
As BTC and ETH Pursue Multilayer Schemes, Elon Musk Says ‘There’s Merit to Doge Maximizing the Base Layer’
The CEO of Tesla, Elon Musk, is a fan of base layers when it comes to blockchain technology and on Friday, Musk explained there’s “merit” to the Dogecoin chain “minimizing transaction cost.” Dogecoin developers are in the midst of preparing to update the Dogecoin network by gradually deploying the updates to the network “over multiple … Read more
Dogecoin gains 8% after Elon Musk says DOGE payments compete with Bitcoin, Ethereum
The billionaire’s latest public praise of Dogecoin yields few returns but a lot of mockery. Go to Source Powered by WPeMatico
Bitcoin electricity consumption falls to November 2020 levels: Data
Bitcoin’s total annual electricity consumption has fallen almost 60% since its all-time peak recorded in mid-May, according to industry data. Go to Source Powered by WPeMatico
Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2
Analysts believe reporting requirements may compel Tesla to announce a paper-drawdown of between $25 million and $100 million on its $1.5 billion Bitcoin bet. Go to Source Powered by WPeMatico
Musk Trolls Buffett With Fake Quote on Twitter, Then Deletes It
Elon Musk went after Bitcoin hater Warren Buffett recently, sharing what looked like a bullish crypto quote attributed to the billionaire investor. The tech entrepreneur, whose comments on social media have been moving crypto markets this year, later removed the post with the obviously fake Buffett statement. Elon Musk Finds Buffett’s ‘Best Financial Advice’ Tesla … Read more
248% Weekly Gains — Baby Doge Coin Continues to Rally While Most Crypto Asset Markets Slump
Four days ago, the crypto community and mainstream audiences caught a whiff of a new meme-based crypto asset called baby doge. The coin got a lot more attention when Tesla’s Elon Musk tweeted about baby doge and almost immediately after the tweet, the asset’s value skyrocketed. Musk hasn’t said anything about baby doge since then, … Read more
Bitcoin Mining Report Claims Miner Energy Consumption Mix 56% Sustainable in Q2
During the last three months, there’s been a significant focus on the effects bitcoin mining has on the global environment. While many have claimed bitcoin mining is bad for the environment and many others have stressed that it affects the environment in a positive way, either way, most are relying on unreliable and old data … Read more
Cambridge and IEA data shows bitcoin carbon intensity peaked last year
Worst case projections seem to suggest that bitcoin emissions will be down by more than two-thirds in five years. Go to Source Powered by WPeMatico
