Entrepreneur elon musk

Carnage in the cryptocurrency market is nothing new. Over the past decade, even as the value of cryptocurrencies like bitcoin and ether has risen sharply, crashes have been a regular feature of the market. (There’s a reason HODL—“Hold on for dear life”—is a mantra among crypto believers.) But even by crypto standards, the destruction of value over the past six months—and in particular, over the past few weeks —has been staggering. Since November, something like $1.5 trillion in cryptocurrency value has been erased . Bitcoin and Ethereum, the market’s bellwethers, are both down about 60 percent from their peaks. And most strikingly, the so-called stablecoin Terra and its sister token, Luna, which together were valued at about $60 billion six weeks ago, imploded in a matter of days and are now essentially worthless. This huge sell-off of course raises a natural question: What happened? You can certainly point to potential culprits. Inflation and interest rates are rising … [Read more...] about How Crypto Disappeared Into Thin Air

In October, the Colorado biotech company Bioptix changed its name to Riot Blockchain. The company’s valuation doubled within a few days. This might strike you as an extraordinarily bizarre story. But even more bizarrely, it’s becoming ordinary. Weeks later, the British company Online PLC changed its name to Online Blockchain. The company’s shares jumped 400 percent. In December, the Long Island Iced Tea Corporation—which, as you might expect, sold iced tea—rebranded itself Long Blockchain. The company’s shares promptly rose nearly 300 percent. On Tuesday this week, the legacy photography company Kodak announced the launch of KODAKCoin, a “photo-centric cryptocurrency to empower photographers and agencies to take greater control in image rights management.” The stock rose 80 percent in a matter of hours. It is officially silly season in the land of cryptocurrency. To borrow a reference from the show Portlandia , this is the “put a bird on it” stage of crypto, where … [Read more...] about It Is Silly Season in the Land of Cryptocurrency

The widow of John McAfee on Tuesday released what authorities claim was the tech entrepreneur’s suicide note, arguing that the “handwriting is suspect” and doubting its authenticity. “Here is the alleged suicide note found in John’s pocket,” tweeted Janice McAfee on Tuesday. “This note does not sound anything like someone who has no hope and is contemplating ending their life. This note sounds like one of John’s tweets.” She added the hashtags, “#NotASuicideNote” and “#JusticeForJohnMcAfee.” Here is the alleged suicide note found in John’s pocket. This note does not sound anything like someone who has no hope and is contemplating ending their life. This note sounds like one of John's tweets. #NotASuicideNote #JusticeForJohnMcAfee pic.twitter.com/QCODfvh8sh — Janice McAfee (@theemrsmcafee) July 13, 2021 “The handwriting is suspect & I doubt the authenticity of the note,” Janice McAfee added in a later tweet. “It reads more like someone trying to imitate … [Read more...] about ‘Handwriting Is Suspect’: John McAfee’s Wife Releases Husband’s ‘Suicide’ Note, Doubts Authenticity | The Daily Wire

According to reports, tech entrepreneur John McAfee — and founder of the McAfee antivirus software company — has died by suicide in a Spanish jail cell while awaiting extradition to the United States on various financial charges. Police sources told Spain’s El Pais newspaper that McAfee was found dead in his cell in Barcelona’s Brians 2 prison, located in Sant Esteve de Sesrovires, with the Catalan Department of Justice reporting that “everything points to a suicide.” The news comes just hours after a Spanish court agreed to extradite McAfee to the United States, where he faced financial charges including tax evasion, according to the New York Post . “The extradition was approved by the high court in the country and revealed in a court filing on Wednesday that was reviewed by Reuters,” The Post noted. The Daily Wire reported in October that McAfee had been arrested “and charged with tax evasion, allegedly earning millions in income from promoting … [Read more...] about Anti-Virus Millionaire John McAfee Found Dead From Suicide In Spanish Prison, Hours After Extradition Order: Report | The Daily Wire