Friday, June 25, 2021
400 June

Corona Mukt Pind 8 June

Covid Care WhatsApp 8 June

Covid Pension 8 June

Black Fungus 8 June

mission fateh 28may

punjab school edu 24 6 21

nasha mukt punjab

Markfed 3 3

Skin Masters Clinic High

Elon Musk may create his own cryptocurrency soon

- Advertisement -

San Francisco, May 16, 2021-
After applying brakes on Bitcoin as a payment mode to buy Tesla vehicles, Elon Musk has now revealed that he might create his own cryptocurrency in the near future.

A Twitter user asked the Tesla head why is he not creating his own cryptocurrency.

“Why not just make a crypto from scratch that does everything you want technically and has a lot of dev support and doesn’t have high concentration of ownership at least initially?” a user asked Musk on Saturday.

“Only if Doge can’t do it. Big pain in the neck to create another one,” Musk replied.

Musk has announced not to use the popular cryptocurrency Bitcoin as a payment mode to buy its electric vehicles, citing environmental harm.

Musk said that the electric car maker will not sell any bitcoin and intends to use bitcoin for transactions as soon as mining moves to more sustainable energy.

“We are also looking at other cryptocurrencies that use <1 per cent of bitcoin’s energy/transaction,” Musk said in a tweet.

Bitcoin nosedived more than 11 per cent after the tweet and was trading at nearly $50,000.

The company had only just started accepting Bitcoin in late March. Musk also said that Tesla will no longer sell any more of the $1.5 billion Bitcoins it purchased earlier this year.

Musk who also hosted the Saturday Night Live show on TV last weekend promoted Dogecoin which is the fourth-largest cryptocurrency by market value.

Amid the surge in Bitcoin and Ether cryptocurrencies, Dogecoin has surged more than 659 per cent this year. However, it has a long way to go. (Agency)

Subscribe to YesPunjab Telegram Channel & receive important news updates

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected

20,369FansLike
111,746FollowersFollow

ENTERTAINMENT

National

GLOBAL

OPINION

Gurdwara SisGanj Sahib

Amendments in Delhi Sikh Gurdwara Act 1971 and Rules at a glance – by Inder Mohan Singh

Delhi Sikh Gurdwara Management Committee (DSGMC) was established on 28th April, 1975 under Section 3 of the Delhi Sikh Gurdwaras Act 1971 with the...
Drugs

Impact of Drug Abuse in Society – by Harpreet Sandhu

International days and weeks are occasions to educate the general public on issues of genuine concern. 26th June on being International Day against Drug...
5G

5G: A new start to the world/India – by Pradip Baijal

A break in the growth pattern of countries is a function of industrial revolutions aided by new technologies. Industrial Revolutions (IR) 1.0 and 2.0...

SPORTS

Health & Fitness

Wuhan coronavirus

Covid-19 can lead to cognitive, behavioural problems: Study

Rome, June 21, 2021 (Agency) Patients hospitalised for Covid-19 are likely to suffer from cognitive and behavioural problems for months after being discharged, according to a new study presented at the seventh Congress of the European Academy of Neurology (EAN) on Monday, asserting the need for a longer-term follow up. Researchers from the Vita-Salute San Raffaele University in Italy's Milan,...

Gadgets & Tech

error: Content is protected !!