Elon Musk, the face of Tesla and SpaceX, has always been a prominent figure in the cryptocurrency space. The founder of The Boring Company has publicly expressed his opinions on Bitcoin [BTC] and other cryptocurrencies in the market on several occasions. Musk also revealed that he held 0.25 BTC, which was sent by a friend, stating that Satoshi Nakamoto deserves a Nobel Prize, resulting in the entire Bitcoin community rejoicing over Musk joining the bandwagon.
Notably, Bitcoin was not the only cryptocurrency to grab Musk’s attention; digital currencies like Ethereum and Dogecoin were also on his list. Earlier today, the Tesla CEO was spotted commenting on the second-largest cryptocurrency and leading smart contract platform, Ethereum [ETH], on Twitter.
Musk’s initial Tweet stated,
— Elon Musk (@elonmusk) April 30, 2019
The tweet soon attracted the attention of a majority of the cryptocurrency space, including Vitalik Buterin, the creator of Ethereum, who went on to invite Musk to Ethereum’s Devcon, which would be held in October 2019. Even Justin Sun, the Founder of Tron Foundation, went on to Tweet “Tron” and “BitTorrent” on the same thread.
Musk ignored Sun and replied to Buterin stating, “Stop giving away free ETH! “.
Nevertheless, this was followed by Musk asking Buterin, “What should be developed on Ethereum?”, resulting in Buterin listing five use-cases.
“My top picks (1): * A globally accessible financial system, including payments, store of value, also more advanced stuff like insurance http://hurricaneguard.io/ * Identity: “sign in with Facebook” -> “sign in with an ethereum account, no intermediaries”. Also web of trust…”
He further added,
* p2p marketplace for internet connections / incentivized mesh networks
* Identity, reputation and credit systems for those that currently have few resources (eg. refugees)
* Decentralized DNS alternatives (eg. https://t.co/aTRxfTlXpC)
— Vitalik Non-giver of Ether (@VitalikButerin) April 30, 2019
Musk has spoken about Ethereum [ETH] several times now. However, the very first topic was related to spam-bots on Twitter, which also led to the “Not giving away ETH” campaign on social media. Scammers used to mimic the social media handles of cryptocurrency influencers on different social media handles, including Twitter and Telegram.
This would be followed by them claiming to “giveaway ETH” or any other digital currencies, which would be completed after users sent a specific amount of crypto first to a specific address. Basically, the scammer would ask a user to send ETH to an address, claiming that he/she would send back more ETH, resulting in several members losing their funds.
On this, Elon Musk had stated,
“I want to know who is running the Etherium scambots! Mad skillz.”
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Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
Crypto News – 24 June – Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
— AMBCrypto (@CryptoAmb) June 24, 2019
Crypto News – 24 June
Erik Voorhees on Bitcoin: According to the CEO of Shapeshift, Bitcoin’s relative traceability has allowed governments to become comfortable with it
Read more at https://bit.ly/2WVviJW
Max Keiser on gold’s ‘resurgence:‘ Max Keiser made news after he stated that Bitcoin’s growing popularity as a competing store of value and millennials were responsible for gold resurfacing in the conversation about store of value assets
Read more at https://bit.ly/2Xve2zp
Tron back in the top 10: A month after CEO Justin Sun promised to get Tron back in the top 10 of the world’s largest cryptocurrencies, TRX surged by over 6% to achieve the same by overtaking Cardano
Read more at https://bit.ly/31TXekX
Bank of International Settlements on Libra: While talking about Facebook’s Libra, BIS’s report attested to the need for sound public policy, financial regulation, competition regulation, and data privacy regulation
Read more at https://bit.ly/2Fsoptu
Bitcoin short futures position on the rise: According to a Twitter user, 70% of all Bitcoin short futures position are taken by four traders
Read more at https://bit.ly/31Om4CQ
LocalBitcoins’ Russian Ruble trading charts: According to CoinDance, the weekly LocalBitcoins chart revealed that the Russian Ruble [RUB] recorded towering volumes, even after the June 1 cash-exodus announcement
Read more at https://bit.ly/2JgRWYz
Howard Chu on Monero: According to the Founder of Symas Corp., Monero was “outstripping” other projects in the space which have larger budgets, in light of the new features added to Monero
Read more at https://bit.ly/2Y8IsEQ
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