bitcoin-3
Business

Tesla has put a halt to the use of Bitcoin. Here’s how cryptocurrency mining impacts the environment

Some people are concerned that mining Bitcoin and other cryptocurrencies would have a negative effect on the setting. “We are concerned about the increasingly growing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Tesla CEO Elon Musk said. Tesla CEO Elon Musk declared late

Read more
Elon-musk-diginews
Business

Elon Musk warns against investing in cryptocurrencies, saying, “Don’t gamble your life savings; invest with caution”

Elon Musk, the CEO of Tesla and a long-time supporter of cryptocurrencies, has issued a warning to investors hoping to profit from the recent surge in the prices of Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies. Elon Musk, the CEO of Tesla and a long-time supporter of cryptocurrencies, has issued a warning to investors hoping to

Read more
stock-photo-boss-pays-money-his-employee
Business

The employee is paid in bitcoin, but the boss needs it back after the value has increased by 700 percent

An employee who was paying in cryptocurrency was left speechless when their employer demanded that they return it because its value had increased by more than 700%. When an employee at a tech start-up was forced to return their cryptocurrency-based compensation because its value had skyrocketed, she was taken aback. The worker is estimated to

Read more
charlie
Business

Tesla is valued at $1 trillion, while Bitcoin is valued at $50,000

Munger of Berkshire Hathaway said, “I think I should say modestly that the whole damn creation (Bitcoin) is disgusting and contradictory to the interests of humanity.” Charlie Munger, Warren Buffett’s long-time friend and business associate, as well as Berkshire Hathaway Vice Chairman, recently criticised Elon Musk’s electric vehicle company Tesla and the Bitcoin price. Munger

Read more
tiger-global-bitcoin
Business

Tiger Global invests $500 million in CoinSwitch Kuber, a cryptocurrency network

At a time when Coinbase went public in the United States for an eye-popping $100 billion valuation, the crypto network was valued at $500 million. CoinSwitch Kuber, which uses an app to support retail investors invest in cryptocurrencies, announced on April 22 that it had raised $25 million in a Series B funding round from

Read more
bitocoin-ilustration
Business

It makes no difference if Bitcoin reaches $100,000. Many people have misunderstood the situation

One of the biggest myths in today’s culture, I learned, is tricking yourself into believing you’re getting richer. Bitcoin is making any previous investment/asset look foolish.Bitcoin is something I own. Early on, I became interested. People either adore or despise me for making such a bizarre technical decision. They sometimes write inaccurate articles about my

Read more
goldmansachs
Business

Goldman Sachs to Provide Bitcoin Investing to High-Net-Worth Clients

According to a survey, Goldman Sachs is on the verge of offering bitcoin and other digital assets as investment options to its private wealth management clients. According to a media article, Goldman Sachs (GS) – Get Report is on the verge of offering bitcoin and other digital assets as investment options to its private wealth

Read more
bitcoin_cryptocurrencies
Business

As the US passes the $1.9 trillion Covid-19 bundle, Bitcoin cryptocurrency hits the $57,000 level

The increase comes despite the fact that a key indicator of consumer prices in the United States increased less than anticipated in February, implying that wider inflationary pressures remain unchanged. After the US House of Representatives passed a covid-19 stimulus package worth $1.9 trillion on Thursday, bitcoin prices reached $57,000 for the first time in

Read more
meitu
Business

App for beautifying pictures in China Meitu Purchased $40 Million in Cryptocurrency

Meitu, a Chinese app developer, has entered the ranks of cryptocurrency investors, following in the footsteps of Tesla. Meitu’s eponymous flagship app became a verb in China for “photo beautifying” in the early 2010s, indicating its supremacy in the portrait touch-up space. However, when smartphones began to provide built-in filters, photo editors like Meitu have

Read more
elon-musk-ceo-tesla
Technology

Elon Musk, the CEO of Tesla, purchased $1.5 billion in Bitcoin for use as a digital payment system

According to a filing with the Securities Exchange Commission, Tesla CEO Elon Musk purchased bitcoins worth $1.5 billion in January 2021 after the firm changed its investment strategy to include digital assets. According to Bloomberg, the digital asset’s price has risen by as much as 16 percent, with rates approaching $45,000 for the first time.

Read more