Elon Musk News

Tesla chief Elon Musk recalled the time when billionaire investor Charlie Munger described “all the ways” in which his electric car company would fail.

Elon Musk has long proved his capacity to unleash waves of speculations and trigger market uncertainty through often cryptic statements. Most recently, Tesla’s CEO encountered a chance to stir up the crypto market when asked by a Twitter user whether his spacecraft business SpaceX and satellite-based broadband internet system Starlink would allow their customers to pay for services and merchandise with dogecoin (DOGE).

Shiba Inu (SHIB) is now the 13th-largest cryptocurrency with its market valuation sitting near $18 billion, right behind its rival meme-cryptocurrency Dogecoin (DOGE), worth roughly $20 billion.

On Wednesday, hackers pocketed bitcoins worth over $100,000 in a few hours in a cryptocurrency scam on Twitter. They hijacked high-profile Twitter accounts, including those of President Barack Obama, Apple, Joe Biden, Elon Musk, Warren Buffett, Kim Kardashian, and Bill Gates, asking for bitcoins to be sent to a single digital wallet in exchange for more bitcoins. Reports say there were around 300 transactions involved.

Tesla Inc said on Monday the fair market value of the electric-vehicle maker's bitcoin holdings as of Dec. 31 was $1.99 billion. In its annual filing with the U.S. Securities and Exchange Commission, Tesla, which had invested $1.50 billion in bitcoin last year, said it registered about $101 million in impairment losses last year due to the value of bitcoin. A drop in the value of bitcoin resulted in the company recording losses, as the value of its holdings fell.

Elon Musk’s electric vehicle maker Tesla was holding about $2 billion worth of Bitcoin (BTC) by the end of 2021, according to official records.

As the standoff over import duties continues between the Centre and Tesla, a number of state governments are apparently trying to outdo each other in rolling out the red carpet for the American electric vehicle manufacturer.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

The Wharton School, a premier business school at the University of Pennsylvania in the United States, officially accepts cryptocurrency as a payment method for blockchain courses through Coinbase exchange.

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Tesla Chief Executive Officer Elon Musk’s offer to McDonald’s about eating a Happy Meal on television if it starts accepting Dogecoin, a meme-based cryptocurrency, as payment has caught the attention of other fast-food brands.

Dogecoin got another boost from Elon Musk on Tuesday and the coin climbed over 9 per cent compared to last day, which pared losses for investors who have suffered a lot during the week. Musk, who is the founder of Tesla and SpaceX, said he would eat a Happy Meal on TV if Fast food giant McDonald’s starts accepting Dogecoin. Happy Meal is one of the prominent items on the menu by McDonald's. «The Dogefather is back to pumping Dogecoin. It remains to be seen if McDonalds complies with Musk’s request. Musk is consciously expanding the utility of Dogecoin beyond a few select Tesla merchandise,» said Sharat Chandra, VP- Research and Strategy, EarthID, a self-sovereign Identity Management Platform.

Erratic billionaire and Tesla CEO Elon Musk has offered to eat a kids meal from McDonald’s live on television if the fast food giant adds Dogecoin (DOGE) as an official payment method.

Tesla boss Elon Musk will eat McDonald's Happy Meal on television on one condition: if the American fast-food chain accepts meme-based cryptocurrency Dogecoin.

Cryptocurrencies ushered in a week of plummeting; Bitcoin was plunging to around $34,000 on January 21, while Ethereum also touched a low of 2,300 on the same day.

Twitter’s latest feature where users can showcase non-fungible tokens (NFTs) as their profile pictures is “annoying”, billonaoire Elon Musk said, saying the social media giant is spending a huge amount of resources on this feature.

Erik Thedéen, the vice-chair of the European Securities and Markets Authority has raised concerns over the growing use of renewable energy for Bitcoin mining.

web3.' The VCs and their LPs do.,Jack Dorsey tweeted this esoteric salvo in late December, not long after he stepped down as the head of Twitter to focus on advancing his Bitcoin ambitions. The post, swiping at the power held by venture capitalists and their limited partners as they try to reorganize the internet around blockchain technology, an effort known as web3, soon set off a public feud among members of the Silicon Valley ruling class. The dispute over what many herald as the next arena of technological revolution has drawn increasingly hard lines. Elon Musk is with Dorsey; Marc Andreessen is his enemy. The web3 revolution, backers say, promises the democratization of commerce and information by building a better internet on blockchain networks — distributed ledger systems that form the basis of Bitcoin and other cryptocurrencies. It theoretically would cut out traditional middlemen and gatekeepers, letting users transact directly and have a greater stake in the programs they use.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.