Tesla Unveils New Cyberwhistle With Doge-only Payment

Vehicle manufacturer Tesla has just debuted its latest product, a limited edition toy whistle dubbed the Cyberwhistle. Billionaire Tesla founder Elon Musk announced the release on Wednesday as a new product catalog for the toy whistle emerged. Per the catalog, buyers can only pay for the Cyberwhistle using DOGE.  Tesla Announces the Cybertruck-inspired Cyberwhistle Musk shared news of the whistle in a Twitter post calling his audience to “Blow the whistle.” According to the product catalog, the toy was based…

Tesla’s Equipment Will be Used to Mine Bitcoin for Block and Blockstream

Adam Back – CEO of Blockstream – announced on Friday that his company will construct a $12 million Bitcoin mining facility. The project is a joint effort with Jack Dorsey’s Block and it will leverage renewable energy technology originating from Tesla. A Triple-Threat Bitcoin Partnership Adam Back is one of Bitcoin’s original developers, who many suspect of being Satoshi Nakamoto himself. The CEO is the man behind Hashcash, which is the basis of proof-of-work mining that secures Bitcoin today.   However,…

Elon Musk’s Brother: “When We Invested in Bitcoin, We Were Very Ignorant”

Kimbal Musk took a straightforward approach when talking about Tesla's investment in Bitcoin. At ETHDenver, Elon's younger brother said the company was "very ignorant" of the cryptocurrency's impact on the environment. His revealing words come little over a year since Tesla had bought $1.5 billion in Bitcoin. Now, crypto enthusiasts wonder whether Kimbal's comments will impact BTC's price like Elon's tweets previously did. Bitcoin Purchase has Divided Tesla Supporters Last year, when Tesla announced a humungous $1.5 billion investment in…

Tesla Tokens Drop 6% After Shock Musk Poll – Tesla Shares Follow

Musk's tweets are shaking the markets again - including Tesla. Specifically, Elon Musk created a Twitter poll to decide whether he could sell 10% of his Tesla shares. The sale could be worth $25 billion. As a result, Tesla crypto tokens dropped 6.8%. Tesla shares in premarket trading soon followed, dropping 5%. The CEO of Tesla and SpaceX decided to engage his Twitter followers on the question of unrealized capital gains. On Saturday, Musk tweeted that he would sell 10%…

Institutional Investors who have Expanded their Portfolio in 2021

Cryptocurrency and blockchain investments from the first 9 months of 2021 have surpassed last year's grand total. In the first half of 2021, the worldwide crypto and blockchain activity was $8.7 million, more than double last year's figures. It is a significant sign that institutional money is streaming into the crypto space. Furthermore, it increases the investor base, and thus the institutional awareness and knowledge of this sector are also surging. The "institutional adoption" of crypto is already underway. Today…

The Top 7 Cryptocurrencies Promoters of 2021

A decade into their existence, cryptocurrencies are starting to come into their own. For long shunned as a fad that would pass with time, they've withstood the skepticisms to gain currency in financial conversations. Today, they attract the attention of individual citizens and corporations that had dismissed them before.  2021 has witnessed a significant jump in the crypto holdings of fortune 500 companies, with some indicating a willingness to buy further into the sector. The question is, which companies have…

The ETH Price Rockets Past $2K After Elon Musk Comments

Tech billionaire and Tesla CEO Elon Musk gave ETH bull the impetus they needed to surmount the $2K hurdle by revealing that he holds large amounts of the altcoin. He also confirmed that he personally owns bitcoin and Dogecoin. Musk was speaking at the B-Word cryptocurrency conference held on July 21, which featured other big names such as Twitter CEO Jack Dorsey and ARK Investment founder Cathie Wood. The Crypto Council established the forum for Innovation to help demystify bitcoin…

IoTA is Big on Automotive Industry; Why isn’t Elon and Tesla Investing with IoTA?

Ever since January 2021, Elon Musk and his company Tesla have shown interest in the crypto world. For instance, Tesla purchased over $1.5 billion worth of Bitcoin when bitcoin prices were slowly surging. Elon also purchased Bitcoin for his investment use.   Tesla later introduced a payment system involving Bitcoin to pay for any purchase of their Tesla cars. The company noticed the huge prospects in Bitcoin and decided to share its benefits and its reliability.  Primarily, crypto assets have vast…

Which Consumes More Energy to Produce, a Bitcoin or a Similarly Priced Tesla?

The talk has been raging on just how much energy is consumed when mining Bitcoin. The process is very energy-intensive, with cryptography being completely reliant on electricity. It has even been pointed out that the entirety of the Bitcoin mining industry consumes more electricity than the republic of Argentina. On the other hand, Tesla is another disruptive technology that is revolutionizing the automobile industry. The talk has been on how much fossil fuel emissions are saved, with their autopilot features…

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