Connect with us

Crypto

How Elon Musk landed Time’s ‘Person of the Year’

Published

on

Tesla Chief Executive Officer, Elon Musk has been named Time magazine’s “Person of the Year” for 2021

It’s been a big year for Musk, whose electric car company became the most valuable carmaker in the world and his rocket company soared to the edge of space with an all-civilian crew.

The 50-year-old is also the founder and CEO of Space-X, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.

Tesla’s market value soared to more than $1 trillion U-S this year, making it more valuable than Ford Motor and General Motors combined.

‘Time’ has described Musk as “the man who aspires to save our planet and get us a new one to inhabit”.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

Business

Government-backed crypto could threaten the U.S. economy, report finds

Published

on

Government-backed cryptocurrencies could threaten the U.S. economy, that’s according to a new report

The Treasury Department believe that prices crypto are set by market speculation and don’t have much economic reality.

It’s found crypto-asset firms intersect with entities that have risky business profiles.

Treasury believes this is a concern for the U-S financial system.

Of course, Bitcoin is just one digital coin to swing and los much of its value since the start of this year.

But advocates think these stable-coins could be less volatile than traditional currencies.

Continue Reading

Business

Kim Kardashian charged over crypto promotion

Published

on

Kim Kardashian is making headlines today but not for good reasons.

The celebrity has been charged $1.26 million by the Securities and Exchange commission for unlawfully promoting a crypto asset on her Insta profile.

The SEC found that the star failed to disclose she was paid $250, 000 to post about the digital coin.

Chair Gary Gensler says this is a reminder that “when celebrities endorse investment opportunities, it doesn’t mean that those investment products are right”

Gensler warned investors to do their own research and analyse the risk involved based on their own financial goals.

Kardashian fully cooperated with the investigation and is not allowed to promote another crypto asset for three years.

Continue Reading

Crypto

Coinbase users in the dark following company-wide fault

Published

on

Coinbase users were left in the dark at the weekend because of a company-wide fault

The crypto exchange temporarily stopped transactions for users in the U.S. for over five hours.

Withdrawals and deposits involving bank accounts were put on hold.

But users could still use a debit card or PayPal to buy their crypto.

It follows a string of delays with Solana too, after the network suffered an outage last Friday.

Of course, Coinbase dropped over 1-thousand staff as the value of the crypto falls dramatically.

Continue Reading

Trending Now

Copyright © 2022 The Ticker Company PTY LTD