Elon Musk, the chairman of X, has referred to non-fungible tokens (NFTs) and the defects of their implementation, indirectly making the case for inscriptions. Answering a post on X on the topic of NFTs, Musk suggested saving the jpeg (an image format) of the NFT on the blockchain, like inscriptions are currently saved on Bitcoin.…
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Elon Musk, CEO of Tesla, Spacex, chairman of X, and the wealthiest man alive, has declared he doesn’t spend “a lot of time” thinking about cryptocurrency. In a recent X Space hosted by Cathie Wood, CEO of Ark Invest, the self-proclaimed “Dogefather” stated he had more interest in the concept of money and the elements…
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2023 proved to be an extraordinary year for bitcoin and the broader crypto economy, surging significantly in value once the dust settled from the FTX debacle and as major players such as Blackrock and Franklin Templeton lodged applications for spot bitcoin exchange-traded funds (ETFs). Alongside the ever-changing crypto markets, the global economy commanded attention with…
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Elon Musk’s social media company, X, has obtained 12 money transmitter licenses across the United States. Furthermore, his artificial intelligence (AI) company, X.AI, stated in a filing with the U.S. Securities and Exchange Commission (SEC) its intention to raise $1 billion in an equity offering. X Obtains 12 Money Transmitter Licenses Elon Musk’s social media…
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Source: a video screenshot, Future Unity / YouTube There has been a surge in meme coins linked to Elon Musk following the billionaire’s verbal outburst at X (formerly Twitter) advertisers. Meme coins have become a breeding ground for eccentric tokens inspired by various personalities and events. This week, the latest addition to this trend comes in the…
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The billionaire X owner lashed out at advertisers ditching the platform due to his controversial posts. Billionaire entrepreneur Elon Musk is making the headlines again, this time for an expletive-laden outburst on live TV at an annual conference hosted by The New York Times. Speaking at the 2023 DealBook Summit in New York on Nov.…
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The king of the memecoins, Dogecoin (DOGE), has been following the general sentiment in the crypto market as it breaks out from a critical level. The token experienced selling pressure on low timeframes but seems poised for further profits. As of this writing, Dogecoin (DOGE) trades at $0.078 with a 1% loss in the last…
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Grok (GROK) token, inspired by Elon Musk’s artificial intelligence service through X (formerly Twitter), has recently come under scrutiny following explosive growth in market capitalization. According to recent reports, Grok zoomed to a staggering $160 million market cap within just eight days of its release. However, reports of alleged scam involvement have overshadowed the token’s…
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Sam Altman posted a meme on X accusing Grok of being a GPT designed to make grandpa jokes, to which Musk clapped back in true form. The launch of Elon Musk’s new “Grok” artificial intelligence (AI) system may not have yet made waves throughout the machine learning community or directly threatened the status quo, but…
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A recent social media post by crypto pundit MartyParty has sparked renewed interest in the early investment patterns surrounding Solana. This interest centers around the revelation that Lyndon Rive, a cousin of Elon Musk, was among the first investors in Solana, a fact that has largely flown under the radar since Rive’s announcement on July…
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