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Elon Musk, here we go again: It is not the first time his reckless tweeting has caused serious problems, but this time they’re for crypto. Go to Source Powered by WPeMatico
After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,” the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door meetings with North American bitcoin miners. Bitcoin Mining Council Brings Back Memories … Read more
Because of Bitcoin, blockchain’s impact on the climate has come into sharp focus. But can this technology actually be part of the solution for saving the environment? Go to Source Powered by WPeMatico
Tesla CEO Elon Musk has spoken with North American bitcoin miners and they have committed to forming a Bitcoin Mining Council to “promote energy usage transparency & accelerate sustainability initiatives worldwide.” They have also agreed to publish their current and planned renewable usage. The meeting was hosted by Microstrategy CEO Michael Saylor. Elon Musk and … Read more
Vitalik Buterin, one of the most renowned Ethereum founders, has rebuffed Elon Musk’s take on fixing cryptocurrencies in a new paper where he details the limits of blockchain scalability. Buterin touches on three subjects: storage, bandwidth, and computing power, commenting on their limits with today’s tech. Vitalik Buterin Criticizes Elon Musk’s Simplistic Take Vitalik Buterin, … Read more
The CEO of MicroStrategy brokered a successful meeting between Elon Musk and North American Bitcoin miners. Go to Source Powered by WPeMatico
One key on-chain indicator provides a bearish outlook for Ethereum’s native token. Go to Source Powered by WPeMatico
Bitcoin was as good for Tesla and MicroStrategy as they were for it — but the benefits are starting to wane for Bitcoin’s corporate flirtees. Go to Source Powered by WPeMatico
When billionaire Elon Musk announced that Tesla would no longer accept bitcoin as payment for its electric vehicles, the price of the crypto asset tanked. In justifying this decision, Musk cited bitcoin mining’s inefficient use of electricity as well as its impact on the environment. In fact, before Musk waded into this debate, many opponents … Read more
Elon Musk’s claims of Dogecoin’s superiority has sparked a discussion on scaling from Ethereum’s co-founder. Go to Source Powered by WPeMatico