An anonymous reader quotes a report from Reuters: Volvo’s entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of automakers planning to phase out fossil-fuel engines by the end of this decade. “I am totally convinced there will be no customers who really want to stay with a petrol engine,” Volvo…
Tag: Tesla
Bitcoin Could Either Become Preferred Currency For International Trade Or Face a ‘Speculative Implosion,’ Citi Says
An anonymous reader quotes a report from Reuters: Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade. With the recent embrace of the likes of Tesla and Mastercard, bitcoin could be at the…
Bill Gates, Elon Musk Both Warn ‘Don’t Go Too Far with Crypto Speculation’
From a report:
Microsoft CEO Bill Gates has an interesting take on who should buy Bitcoins. He being the third richest man in the world said that Bitcoins are not for him because he has less money than Tesla CEO Elon Musk. So basically anybody who has less money than Musk should not invest in Bitcoin… Gates during an interview with Bloomberg…
Bill Gates Questions Societal Value of ‘GameStop’ Mania, Argues It’d Be ‘Good to Get Rid of’ Bitcoin
The price of bitcoin — now over $57,000 — has nearly doubled in the last 7 weeks. Even Elon Musk tweeted that its price seems high — though one analyst tells Bloomberg that Tesla has already made a profit of nearly $1 billion from its recent Bitcoin investment, more than it earned selling electric cars in all of 2020. Yet speaking…
Dogecoin Has a Top Dog Worth $2.1 Billion
The dogecoin market has a pack leader. From a report: Records show that a person, or entity, owns about 28% of all of the cryptocurrency in circulation — a stake worth about $2.1 billion at current prices [Editor’s note: the link may be paywalled; alternative source]. The holder’s identity isn’t known, which is common in the opaque world of digital currencies….
Bill Gates Says We Need More Entrepreneurs Like Elon Musk To Take on Climate Change
Bill Gates said the world needs more entrepreneurs like Elon Musk to take on climate change. In an interview with CNBC, he said: I think what Elon’s done with Tesla is fantastic. It’s, you know, probably the biggest single contribution to showing us that electric cars are part of how we solve climate change. We need a lot of Elon Musks,…
Nevada Department of Education Has No Direct Say In Who Gets Tesla’s $37.5 Million K-12 Donation
theodp writes: The Nevada Legislature in 2014 approved a $1.3 billion tax break — the largest tax break in the history of the state — to woo Tesla into locating its battery factory in Northern NV. In return, Tesla made a $37.5 million pledge to support K-12 education ($7.5M annually, for 5 years, beginning in 2018). Lawmakers are now expressing surprise…
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…
Twitter Has Studied Using Bitcoin, CFO Says
Twitter’s finance chief said the social-media company has thought about how it might pay employees or vendors using the popular cryptocurrency bitcoin. From a report: Chief Financial Officer Ned Segal, in speaking Wednesday with Andrew Ross Sorkin on CNBC’s “Squawk Box,” said the company continues to review potential uses of the digital currency. “We’ve done a lot of the upfront thinking…
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…