Tag Archives: elon musk

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In early 2021, both Elon Musk and Tesla announced that they bought a ton of cryptocurrency – over $1.5 billion in bitcoin, to be exact. While things may have started out on a positive note, the volatility and price swings of 2022 have caused both figures to suffer dramatically, and it appears these bitcoin investments have brought each of them down. Elon Musk Hasn’t Had a Good Bitcoin Run It was announced earlier this year that both figures had lost a lot on their...

The notorious new “Chief Twit,” Elon Musk, may not be so for much longer.  After buying Twitter and installing himself as its CEO late last month, the billionaire has revealed plans to leave the management of the firm to another person. Elon is Busy Speaking at B20 Indonesia 2022 on Monday, Musk said he was feeling overworked ever since taking charge of the social media platform.  “I’m really working at the absolute most amount that I can work from morning until night, seven...

The European Union (EU) is working on a new program that will label the type of energy utilized for bitcoin mining projects. The program is set to determine the level of efficiency behind the module utilized by a specific project. In other words, we’ll know if it is proof of work (PoW), proof of stake (PoS), or something else entirely. Crypto Mining Will Be Labeled in the EU The goal is to ensure that electricity is not wasted and put to the best use possible. This has...

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Elon Musk recently said that he had a conversation with Sam Bankman-Fried before the Twitter deal. He also shared some predictions going forward. The world’s richest man recently joined a discussion on Twitter with over 60,000 listeners to talk about the FTX hack and bankruptcy. Musk revealed that he had a conversation with the exchange’s former CEO – Sam Bankman-Fried and that his opinion of him wasn’t the best. … I got a ton of people telling he’s got huge amounts of money...

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