Blockchain & crypto news from India
Tesla Boss and Space X CEO, Elon Musk is popular for creating ripples in the global cryptocurrency market with his one tweet. His single tweet sets the price of a coin plunging or soaring high. Currently, the US billionaire posted an image of bitcoin with broken heart emoji, causing its decline. The top-ranked crypto saw…
New day, new Musk tweet and another manipulation of the crypto market! Amidst the Bitcoin crash, Elon Musk tweeted Tesla has ‘diamond hands’. SpaceX boss and Tesla Inc.’s CEO has been awarded an unsaid Internet award, where the variations of prices in the crypto market have been accredited to him. His reach, however, is often…
On Wednesday, cryptocurrency markets witnessed a downturn, with major currencies crashing rapidly, wiping off as much as $1 trillion from their valuations, which had hit a record high of more than $2 trillion recently. Many analysts seem to believe that the crypto bubble, which grew without reason or rhyme or unsustainably for some time now,…
A new crypto aptly named STOPELON has been created as a means of stopping Elon Musk from influencing the volatile crypto markets with his Twitter account. Yet another one is Elonmute. Their aim: “to destroy the biggest market manipulator of them all”. The crypto community is at war against Elon Musk with a new project…
On Wednesday, Tesla Inc.’s CEO Elon Musk announced that the company won’t accept Bitcoin for the car purchase. In addition to jokes and memes galore, the value of Bitcoin plunged as much as 15% to just above $46,000 the moment the tweet was posted. This was done due to environmental concerns. As soon as the…
Citing long-brewing environmental concerns Elon Musk announced that Tesla Inc. will not be accepting bitcoin for the car purchase. Btc’s power-hunger has provoked a passionate debate about the energy consumption of cryptocurrencies. While efforts are being made to reduce the carbon footprint of digital currency, some investors are getting inclined towards greener alternatives. In fact,…
A longtime cryptocurrency advocate and billionaire entrepreneur Mark Cuban said that the COVID pandemic proved just how immaterial traditional financial institutions are. Last week, Cuban said that the people in need of money got it the slowest. Mentioning barriers to receiving and cashing stimulus checks during the pandemic, transaction costs, the number of days banks…
On Sunday, Geometric Energy Corporation announced the dogecoin-funded mission. The announcement came with a statement not revealing the financial value of the mission. Space X will be launching the “DOGE-1 Mission to Moon” in the first three months of the coming year. This will be done with Elon Musk’s rocket company accepting the meme-inspired crypto…
A long-time proponent of cryptocurrencies, Tesla’s Elon Musk has sounded a note of caution for investors to profit from the prices of Ethereum, Bitcoin, Dogecoin and others. Musk expressed that while he believes that cryptocurrency could be the future currency, nonetheless, people should not invest their life savings into crypto. Tesla’s CEO warned that first…
After Tesla’s chief financial officer renewed commitment to the cryptocurrency, Bitcoin traded over $54,000. It gained as much as 1.9%. On Monday Tesla said that from investment the company generated $101 million in income. This aided them to beat estimates by analysts for profit in the first four months of the year. Bitcoin gained after…