Tesla to spend north of $1bn for Australian electric car battery materials annually June 2, 2021 Raw battery materials from Australia alone are expected to cost Tesla north of $1bn every year, the chair of the US carmaker has said today. Australia, which is rich in natural resource, is a business go-to for its bustling mining industry and responsible production practices. Tesla is keen for minerals like lithium and nickel, which [...]
Billionaires eye Bitcoin as crypto-related services expand June 1, 2021 CryptoCompare's Francisco Memoria gives us a rundown on what's happened in the cryptocurrency world over the last week.
Electric truck maker Rivian plots Wall St. IPO valuing firm at $70 billion May 29, 2021 An Amazon-backed electric-truck start-up is reportedly plotting an IPO later this year which would value the company at around $70bn (£50bn). California-HQed Rivian has appointed advisers including Goldman Sachs and JP Morgan, according to Bloomberg. Read more: The world is not enough: Amazon’s streaming push continues with $8.45bn deal for Bond studio MGM Despite the [...]
Ex-Aston Martin CEO: Britain needs to fight for its place in the electric car industry or risk irrelevancy May 27, 2021 As a proud Brit walking into boardrooms in Tokyo, Chennai, Brussels or California, I was often aware of the preconceptions the natives sat around the table held. The British, of course, are known for being polite, humorous and big tea drinkers. I always viewed these stereotypes as nothing more than an innocent oversimplification. A little [...]
John McAfee faces dying in prison for the same thing Elon Musk does on Twitter, says his wife May 26, 2021 Janice McAfee says her husband faces the prospect dying behind bars for allegedly doing what Elon Musk is doing on Twitter "with impunity".
Elon’s games continue while crypto markets roar back into life May 25, 2021 The crypto markets continue to restore some value as Bitcoin edges closer to $40,000.
Elon Musk teases with Bitcoin tweets again… but the markets aren’t buying it May 24, 2021 Serial crypto meddler Elon Musk offered up an olive branch to Bitcoin tonight as he hinted about helping to solve cryptocurrency's environmental impact problems.
Search interest for cryptocurrency hits new high amid market crash May 24, 2021 CryptoCompare data shows the price of Bitcoin (BTC) dropped from around $45,000 to a $32,000 low this week before it started recovering.
HSBC rules out move into crypto market over volatility concerns May 24, 2021 HSBC will not enter the cryptocurrency market, its chief executive has said, amid concerns over volatility and a lack of transparency. “Given the volatility we are not into Bitcoin as an asset class, if our clients want to be there then of course they are, but we are not promoting it as an asset class [...]
Further pain ahead for Bitcoin as environmental groups queue up to reject cryptocurrencies May 23, 2021 Environmental groups across the globe are lining up to disable the ability to accept donations with Bitcoin until the original cryptocurrency cleans up its ecological act.