Elon Musk ‘ready’ to pump staggering $30bn in Starlink’s satellite internet venture June 30, 2021 Elon Musk said late last night that his Starlink venture was “growing rapidly” as he forecast total investment costs in the satellite internet business at between $20bn and $30bn. Watch the full report.
Oneweb and BT ink deal for rural broadband rollout June 28, 2021 Oneweb and BT have inked an agreement to use satellites to help roll out broadband in the most remote rural areas across the UK. The two companies have signed a memorandum of understanding to explore how satellite technology could be used to beam internet services to rural areas that are too difficult or expensive to [...]
Announcing the Crypto AM Policy Forum June 25, 2021 Announcing the formation of the Crypto AM Policy Forum which will be made up of industry and support service representatives.
Panasonic sells entire stake in Tesla for $3.6bn June 25, 2021 Panasonic has sold its stake in electric car maker Tesla for $3.6bn, a spokesperson for the Japanese company said today. The sale comes as Panasonic looks to raise cash for investing in growth and to reduce its dependence on Tesla. The electronics firm is dominated by Elon Musk’s company, but the two have often had [...]
Presidents, senators and bright shiny Bitcoins June 24, 2021 Both Bitcoin and Ethereum are currently down about three per cent over the last 24 hours, with BTC changing hands for around $33k.
Bitcoin: is it still worth it? June 24, 2021 That Martini Guy takes a look at the narratives currently surrounding Bitcoin, particularly the arguments about energy use.
Elon Musk’s space broadband service Starlink to go public once revenue is ‘predictable’ June 24, 2021 Elon Musk’s satellite-based broadband service Starlink, part of his space venture SpaceX, will go public once its revenue is ‘reasonably predictable’. Taking to Twitter, Musk – who sits at the helm of several high-tech companies – added that “going public sooner than that would be very painful”. SpaceX is building a new factory in Texas [...]
John McAfee found dead in his Spanish prison cell June 23, 2021 Computing legend John McAfee has been found dead in his prison cell – just weeks after his devoted wife said her husband faced dying behind bars.
Turbulent day as Bitcoin hits 2021 low before dramatic recovery June 23, 2021 The crypto markets had a rollercoaster of a day yesterday, with Bitcoin briefly dipping below $30,000 for the first time since January before recovering sharply to around $34,000 at time of writing.
China crackdown continues though Bitcoin decline slows June 22, 2021 Bitcoin, Ethereum, and other cryptocurrencies are all trading lower again today, with the alt markets seeing particularly large drops. Bitcoin is currently down 3% over the last 24 hours and more than 20% over the last week, though its market dominance is actually up again from 45% to 47% as others take a bigger hit. [...]