Bitcoin [BTC]: Elon Musk reveals holding only 0.25 BTC; recommends Satoshi Nakamoto for a Nobel Prize

The CEO of Tesla, Elon Musk, has stoked the excitement of the cryptocurrency realm for the second time this week after he informed the world about the number of Bitcoins he held. He also expressed his gratitude to the creator of the digital currency and for early ‘hodlers’ of the same.
Musk’s tweet was in response to a report about the praise he heaped on cryptocurrencies, during a podcast released earlier this week. In the tweet, the Tesla CEO revealed the number of Bitcoins he owns, adding that he held no other cryptocurrency in his portfolio.
He tweeted:
“That said, I still only own 0.25 BTC, which a friend sent me several years ago. Don’t have any crypto holdings.”
Additionally, while replying to the aforementioned tweet, Musk also dismissed the long-standing rumor that he is the real Satoshi Nakamoto. However, he suggested that the person behind the pseudonym deserved a “Nobel Prize.”
His tweet read:
“Whoever owns the early BTC deserves a Nobel prize in delayed gratification.”
Earlier this week, Musk spoke in favor of Bitcoin and Ethereum on ARK Invest’s FYI podcast. He lauded the structure of the top cryptocurrency and acknowledged Ethereum as well. However, he also confirmed that Tesla would not venture into the cryptocurrency industry anytime soon.
The Tesla CEO stated:
“I think that the Bitcoin structure was quite brilliant, its seems like there’s some merit to Ethereum as well, and maybe some of the others. But, I’m not sure if it would be a good use of Tesla resources to get into crypto.”
Previously, the Tesla CEO was in the headlines after he said that paper money will soon fade away and be taken over by cryptocurrencies.
In his words:
“Paper money is going away and crypto is a far better way to transfer value than pieces of paper.”
Despite the early praise for Bitcoin and Ethereum and his bold prediction that fiat will be replaced by virtual currency, Elon Musk has not added more Bitcoin reserves. Musk’s held Bitcoin reserves remain the same since he first admitted to the amount he owned, back in February.
In a 22 February 2018 tweet he said:
“Not sure. I let @jack know, but it’s still going. I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago.”
The post Bitcoin [BTC]: Elon Musk reveals holding only 0.25 BTC; recommends Satoshi Nakamoto for a Nobel Prize appeared first on AMBCrypto.
Source: AMB Crypto

Tesla Creator Elon Musk Reveals His Crypto Holdings

CoinSpeaker

Tesla Creator Elon Musk Reveals His Crypto Holdings

Elon Musk is well-known for his enthusiasm about Bitcoin, recently he unveiled his crypto balances and even proposed to give the Nobel Prize for BTC HODLers.

Tesla Creator Elon Musk Reveals His Crypto Holdings

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Source: CoinSpeaker

Market Review: Latest on Amazon (AMZN), Apple (AAPL), and Tesla (TSLA) Stocks

CoinSpeaker

Market Review: Latest on Amazon (AMZN), Apple (AAPL), and Tesla (TSLA) Stocks

Encouraging signs on the U.S./China trade talks sent stock prices sharply higher pushing the Dow index up. Here’s what we know about Amazon (AMZN), Apple (AAPL), and Tesla (TSLA) stocks.

Market Review: Latest on Amazon (AMZN), Apple (AAPL), and Tesla (TSLA) Stocks

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Source: CoinSpeaker

Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

CoinSpeaker

Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

Many prominent personalities and Bitcoin enthusiasts have recently proposed Elon Musk to take keep the fire going for the ongoing Lightning Torch experiment. Musk has yet to respond.

Binance CEO Advocates Elon Musk’s Name to Take the Bitcoin Lightning Torch

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Source: CoinSpeaker

Tesla (TSLA) Stock Drops by 0,3% After It Acquires Maxwell Technologies for $218 Million

CoinSpeaker

Tesla (TSLA) Stock Drops by 0,3% After It Acquires Maxwell Technologies for $218 Million

The latest announcement for Maxwell acquisition comes to ramp up the production of Tesla Model 3 cars to meet the new orders coming from the Chinese mainland.

Tesla (TSLA) Stock Drops by 0,3% After It Acquires Maxwell Technologies for $218 Million

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Source: CoinSpeaker

Tesla Expands into China: Is it Time to Buy TSLA Stock or Not?

CoinSpeaker

Tesla Expands into China: Is it Time to Buy TSLA Stock or Not?

U.S. electric vehicle maker Tesla Inc said it will start taking orders in China on Friday for a lower-priced version of its Model 3 car, as it seeks to accelerate China sales hit by trade friction between Washington and Beijing.

Tesla Expands into China: Is it Time to Buy TSLA Stock or Not?

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Tesla Stocks Fall After RBC Analysts Add Some Fuel to Firm’s Drama

CoinSpeaker

Tesla Stocks Fall After RBC Analysts Add Some Fuel to Firm’s Drama

The market valuation of probably the most renowned manufacturer of electric cars has sharply plunged after the RBK analysts rendered a ‘sell’ verdict.

Tesla Stocks Fall After RBC Analysts Add Some Fuel to Firm’s Drama

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DX.Exchange to Let Its Clients Purchase Tokens Backed by Real Stocks of Major Firms

CoinSpeaker

DX.Exchange to Let Its Clients Purchase Tokens Backed by Real Stocks of Major Firms

DX.Exchange opens a gateway for investors willing to buy NASDAQ-listed real-world stocks in a form of tokens for both fiat money and cryptocurrency.

DX.Exchange to Let Its Clients Purchase Tokens Backed by Real Stocks of Major Firms

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Source: CoinSpeaker

Crypto Accepted as Payment for Elon Musk’s Flamethrower, No More ETH Giveaways

Elon Musk’s The Boring Company is now accepting payments of various cryptocurrencies to purchase its handheld flamethrower and accessories.
Buy a Flamethrower with Bitcoin or Ethereum from Elon Musk
The sub-heading above reads as crazy as one of Elon Musk’s tweets, but it’s entirely true. The product pages for Elon Musk’s The Boring Company have been updated to include cryptocurrency logo icons indicating that the likes of Bitcoin, Bitcoin Cash, Litecoin, and Ethereum are accepted as forms of payment. This is alongside more traditional means like Visa, Mastercard, AMEX, and PayPal.
The Boring Company is an infrastructure and tunnel construction company founded by eccentric and controversial serial entrepreneur Elon Musk. Among the products it sells on its website includes a flamethrower and safety accessories such as gloves, propane tank refills, and in the case of an emergency situation, a 5lb fire extinguisher.
All proceeds of the sales of the currently on-sale, $500 flamethrower, will go toward funding digging tunnels to house Musk’s Hyperloop transportation system.
Musk is infatuated with many means of transportation, from underground tunnels running under Los Angeles, to energy-efficient self-driving Telsa motorcars, to his ambitious Space X project that could lead to the colonization of neighboring planet Mars. Musk also began designing a miniature submarine in an attempt to save 12 Thai boys who were trapped in a cave back in July.
Elon Musk Burning Bridges with SEC Via Twitter, What Will Scambots Do?
Musk first announced the Flamethrower via his Twitter soapbox back in December, a platform that has caused quite a stir for the Tesla and Space X founder. The quirky entrepreneur got himself into a world of trouble with the U.S. Securities and Exchange Commission (SEC) for tweeting in relation to his automobile manufacturing company Tesla.
His tweets forced Musk to have to settle with the SEC in court for $20 million in fines. The settlement also sees Musk stepping down as chairman of Tesla for three years, and includes a stipulation that all Elon Musk tweets must be reviewed and approved by a Musk-appointed lawyer.
With Musk muzzled on the popular social media platform, Twitter scambots that often pose as the Space X CEO to run their “ETH giveaway” scams might be out of luck.
In the scam, scammers pretend to be prominent figures across various industries in an attempt to steal user’s cryptocurrencies in a scheme that involves sending a specified amount of cryptocurrency to an address in return for a larger amount. Only the larger amount is never sent, and the scammers make off with investor’s assets.
After first praising the scambots for having “mad skills,” Musk hit his frustration limit and reached out to Dogecoin creator Jackson Palmer last month, imploring him to help keep the scam under control. However, now that Musk can no longer speak freely on Twitter, and with the public knowing that Musk’s tweets are filtered through a lawyer, the frequency of these scammers posing as Musk should diminish over the coming weeks – even if Musk does now have some extra crypto laying around from the sales of his flamethrower.
Featured image from Shutterstock.
The post Crypto Accepted as Payment for Elon Musk’s Flamethrower, No More ETH Giveaways appeared first on NewsBTC.
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