Blockchain & crypto news from India
Just after giving up the chief executive position of Twitter Inc., Bitcoin lover Jack Dorsey has taken to the service he co-founded to express his annoyance with so-called Web3 technology and the participation of venture capital companies such as Andreesen Horowitz. A still vague term for decentralized, blockchain-based systems and tech that are curated to…
The meme cryptocurrency that Elon Musk can’t stop talking about has earned a huge fan following; credit goes to billionaire and Tesla Inc.’s CEO. In order to honor Musk on his 50th birthday, a YouTuber decided to send a physical replica of the Dogecoin crypto to space or at least till the stratosphere. Reid Williamson,…
Bitcoin escalated over $39,000 after Elon Musk said that Tesla Inc. may restart transactions with the digital currency when mining is carried out with more clean energy. Tesla’s CEO, Musk said that the e-car manufacturer will allow Bitcoin transactions again upon confirmation of reasonable (~50%) clean energy usage by miners with a positive future trend….
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,…
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,…
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…