Tesla Inc.’s Chief Executive Officer Elon Musk doubled down on his attack on Bitcoin’s energy demands, calling recent consumption trends “insane.” Musk posted a chart on Twitter from the University of Cambridge showing Bitcoin’s electricity consumption has skyrocketed this year. It’s the second day he’s criticized crypto mining for using fossil fuels and comes after Continue Reading…
Author: crypto journalist
These remote-friendly jobs in cryptocurrency pay over $100,000
Companies hiring in cryptocurrency are looking for a wide set of skills with some specialized knowledge or experience in areas like software and data analytics. This content was originally published here.
Elon Musk delivers laughs, tips hat to cryptocurrency on ‘SNL’
Elon Musk appeared a little stiff in a dark, double-breasted jacket on “Saturday Night Live” as he was greeted with uncertain applause, but he delivered solid material and seemed to win over his live audience. The controversial billionaire’s hosting duties set off social media throughout the week, with many weighing Musk’s worthiness, while NBC responded Continue Reading…
SARS is starting to audit cryptocurrency traders in South Africa – here’s what you should know
When a taxpayer files a tax return, SARS may send a request for verification or “audit request” in which it seeks clarification and/or supporting documentation from a taxpayer. The information sought by SARS is inevitably linked to the disclosures made by the taxpayer in that return. This is a preliminary step taken by SARS in Continue Reading…
World’s richest men lose billions as cryptocurrency, tech stocks tank
The richest men in the world have lost billions of dollars in the past week as markets and technology stocks plummet. According to the Bloomberg Billionaires Index, in the last 24 hours Elon Musk lost US$12.5 billion ($17.41 billion), Jeff Bezos lost US$9.17 billion ($12.78 billion) and Facebook – now Meta – CEO Mark Zuckerberg Continue Reading…
US President to Sign Executive Order on Bitcoin and Cryptocurrency This Week
US President Joe Biden is going to sign an executive order this week tasking federal agencies to assess the opportunities and risks associated with Bitcoin (BTC) and other cryptocurrencies. Bloomberg has reported that this executive order, when signed, will enable the federal agencies to assess and outline the government’s strategy to regulate the US market Continue Reading…
Bitcoin, Coinbase, and how cryptocurrency is going mainstream – Vox
Coinbase, a platform for buying and selling cryptocurrencies like bitcoin, became the first major cryptocurrency company to go public in the United States on Wednesday. It’s a clear sign that crypto is firmly in the mainstream of the finance industry — and it’s not going away anytime soon. Coinbase stock — which is trading under Continue Reading…
Can Cryptocurrency Replace Loyalty Points?
A growing number of rewards programs are offering crypto instead of typical rewards points. Is a credit card that lets you earn crypto right for you? We take a look at the pros and cons of the new options. This content was originally published here.
China Experiments With Digital Money That Expires
China is experimenting with digital money with an expiration date, meaning that citizens will be forced to spend and not save. The “digital yuan” could usher in an era of total population control as people who aren’t allowed to save money will be more dependent on the government. “Beijing has tested expiration dates to encourage Continue Reading…