Elon Musk Gets New Official Title ‘Technoking of Tesla’, Unveils NFT-Themed Song

Tesla CFO Zach Kirkhorn named “Master of Coin” in a regulatory filing. Tesla added “Technoking of Tesla” to billionaire Chief Executive Officer Elon Musk’s list of official titles on Monday, in a regulatory filing that also named finance chief Zach Kirkhorn “Master of Coin.” The electric-car maker did not explain the reasons for the cryptic new titles. Musk also shared a new electronic music track about a non-fungible token, or NFT – a new type of digital asset that is authenticated by blockchain. “I’m selling this song about NFTs as an…

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Indians could soon be penalised for holding Bitcoin, says new report

The Indian government is looking to introduce a new bill that will criminalise possession, issuance, mining, trading and transferring any crypto assets. Bitcoin and a number of other cryptocurrencies are currently surging at their highest. However, the Indian government seems to be once again trying to ban crypto trading in the country. The government during the Budget 2021 revealed its plan to propose a new bill, which is intended to ban digital money in the country and also fine anyone trading or holding any crypto assets. According to a report by Reuters, the new…

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Bitcoin Crosses $60,000 for First Time

Bitcoin briefly rose above $60,000 (roughly Rs. 43.7 lakhs) for the first time on Saturday, as increasing backing from corporate heavyweights helps the world’s most popular virtual currency continue its record-breaking run. The cryptocurrency hit an all-time high of $60,012 at 1149 GMT, according to the website CoinMarketCap. Bitcoin has been on a meteoric rise since March last year, when it stood at $5,000, spurred by online payments giant PayPal saying it would allow account holders to use cryptocurrency. Last month Elon Musk’s electric carmaker Tesla invested $1.5 billion in the…

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Bitcoin price hits new record high after Tesla confirms $1.5bn purchase

bitcoin

Tesla will soon start accepting payments in bitcoin for its products In a recent filing with the US Securities and Exchange Commission (SEC), Tesla announced that it has purchased $1.5bn worth of bitcoin which helped push the price of the cryptocurrency past $40k per coin. According to the filing, the US automaker said that it updated its investment policy in January to provide the company “with more flexibility to further diversify and maximize returns” on its cash. As part of the policy, Tesla plans to invest a portion of its cash reserves into…

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