Elon Musk Discloses ‘Tesla Has Not Sold Any Bitcoin’
Amid speculation over the weekend that Tesla may have sold its bitcoins, CEO Elon Musk has clarified that the electric car company “has not sold any bitcoin.” The Technoking of Tesla got into a heated debate with the bitcoin community Sunday after he announced that Tesla has suspended accepting bitcoin for payments due to environmental concerns. Elon Musk Confirms Tesla Has Not Sold Its Bitcoins Tesla CEO Elon Musk got into a string...
Kenya Based Technology Firm Switches to Pancakeswap, Cites High Gas Fees on Uniswap
In its bid to help users avoid high gas fees on Uniswap, a Kenya-based fintech firm, UTU, recently launched a liquidity pool on the decentralized exchange (dex), Pancakeswap. This launch enables prospective UTU coin buyers to acquire the token “with low fees and fast confirmation times.” In a statement posted on the firm’s blog, UTU, which wants to end the anonymous star ratings, reviews, and scores as the de facto trust mechanisms,...
Investors Confuse Ethan Allen With Ethereum: Shares up 50% Over Average Price
Ethan Allen, a U.S.-based furniture company, has been getting strange traction in markets this year, due to an interesting coincidence. The company’s stock ticker is the same as ethereum’s ticker, something it shares with one of the hottest cryptocurrencies right now. This has caused confusion among investors, who have bought Ethan Allen without doing research and thinking they are buying ethereum. Ethan Allen Enjoys Ethereum’s Market...
Shiba Inu Crypto Investors Turn Multimillionaires After Almost Jobless, Relying on Stimulus Checks
Two brothers have shared the story of how they became millionaires after investing in Shiba Inu, the cryptocurrency nicknamed “dogecoin killer,” for just under two months. Before the investment, the covid-19 pandemic almost killed their business, and the government’s stimulus checks did not last long. Shiba Inu Crypto Investors Become Millionaires Two brothers from Westchester, New York, have shared their story of how they went from...
Banking System Uses Significantly More Energy Than Bitcoin, Research Shows
A new report shows that the banking system consumes more than twice the amount of energy that bitcoin does. The authors analyzed bitcoin’s energy usage and compared it to the banking and gold industries. Banking System Consumes Much More Energy Than Bitcoin Galaxy Digital published a report last week entitled “On Bitcoin’s Energy Consumption: A Quantitative Approach to a Subjective Question.” The authors described, “This report took a...
