Tag: musk

Bitcoin Consumes ‘More Electricity Than Argentina’

Thelasko shares a report from the BBC: Bitcoin uses more electricity annually than the whole of Argentina, analysis by Cambridge University suggests. ‘Mining’ for the cryptocurrency is power-hungry, involving heavy computer calculations to verify transactions. Cambridge researchers say it consumes around 121.36 terawatt-hours (TWh) a year — and is unlikely to fall unless the value of the currency slumps. Critics say…

Mastercard To Open Up Network To Select Cryptocurrencies

Mastercard announced on Wednesday it was planning to offer support for some cryptocurrencies on its network this year. Reuters reports: Mastercard already offers customers cards that allow people to transact using their cryptocurrencies, although without going through its network. “Doing this work will create a lot more possibilities for shoppers and merchants, allowing them to transact in an entirely new form…

Apple Should Create Crypto Exchange and Buy Bitcoin, Says RBC

RBC Capital Markets says Apple should follow in Tesla’s footsteps by getting into cryptocurrencies. Bloomberg reports: The iPhone maker could create a sizable new market for growth if it were to develop its Apple Wallet into a crypto exchange, said analyst Mitch Steves. “The wallet initiative appears to be a clear multi-billion dollar opportunity for the firm (potential for well over…

Reddit User Claiming To Be Tesla Insider Appeared To Reveal Bitcoin Buy a Month Ago

A Reddit user claiming to be a Tesla insider appeared to announce the carmaker’s purchase of bitcoin a month ago, according to a January post on the platform that said the electric carmaker had bought $800 million worth of Bitcoin. Reuters reports: The post here received little attention when it appeared, with the date on it reading Jan. 2, but it…

Mark Zuckerberg Wants Commuting Replaced with VR/AR

Facebook founder Mark Zuckerberg wants commuting to work replaced with VR/AR telecommuting. Zuckerberg made the suggestion on a talkshow on Clubhouse, reports The International Business Times: “One of the things that [VR] will unlock is the ability to live anywhere you want and be present in another place and really feel like you are there,” the Facebook CEO said.”It is going…

To the Moon? Dogecoin Leaps 46% in 24 Hours After Tweets From Elon Musk, Snoop Dogg

Friday the 71-year-old former lead singer of the band Kiss tweeted “I bought Dogecoin…six figures,” to his 922,000 followers, along with other supportive tweets. Saturday rap artist Snoop Dogg tweeted an image of “Snoop Doge” to his 19.2 million followers. Later Elon Musk tweeted a picture from the Lion King with Musk’s head appearing on a monkey holding up a monkey…

SpaceX Says Its Starlink Satellite Internet Service Now Has Over 10,000 Users

SpaceX disclosed in a public filing on Thursday that its Starlink satellite internet service now has “over 10,000 users in the United States and abroad.” From a report: “Starlink’s performance is not theoretical or experimental … [and] is rapidly accelerating in real time as part of its public beta program,” SpaceX wrote in a filing with the Federal Communications Commission. Elon…

Elon Musk Admits Tesla Has Quality Problems

In an interview on Tuesday, Tesla CEO Elon Musk sat down with one of Tesla’s harshest critics, Sandy Munro, and discussed the issues that plagued early Model 3s. CNN reports: In early 2018 engineering consultant Sandy Munro, who tears apart and reverse-engineers cars to assess quality, issued a brutal appraisal of the Model 3 citing “flaws that we would see on…

SpaceX Announces First-Ever All-Civilian Space Flight Crew

Jared Isaacman, an entrepreneur behind a payment processing startup, is funding a multimillion trip to space aboard a SpaceX Crew Dragon capsule, which could be the first-ever orbital flight crewed entirely by non-astronauts. CNN reports: Isaacman, 37, said he will command the mission, which is slated for late-2021 and will see the spacecraft make a “multi-day” trip into Earth’s orbit, according…