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‘impossible to Destroy Cryptocurrencies Elon Musk said Government Can Only much Crypto’s Growth Rates

Destroy Cryptocurrencies Elon Musk said Government Can Only much Crypto’s Growth Rates

Destroy Cryptocurrencies Elon Musk said :-

Tesla and SpaceX CEO Elon Musk firmly believe that there is no death of cryptocurrencies anytime soon.

In a message to governments worldwide, Tesla CEO Elon Musk has said that while they can slow down the advancement of cryptocurrencies, they cannot destroy these digital assets now. The crypto-supporting tech notable further proceeds to reported advise the US governments to do “nothing” about regulating the crypto ‘s-space if the aim is to curb Crypto’s expansion. The statements by the 50-year-old multi-billionaire came as he was direct the “Code 2021” conference in the Beverly Hills areas of Los Angeles, America.

“I suppose cryptocurrency is fundamental aim at reducing the power of centralized governments. They don’t like that,” news portal decrypt. co quoted Musk as said on Wednesday, September 29. “It is not possible to, I think, demolish crypto’s, but governments can slow down its advance.”

Destroy Cryptocurrencies Elon Musk said to the governments batting for “no action” against cryptos comes a day after the world’s most populated country, China, imposes a blanket ban on mining and trading cryptocurrencies.

Post-China’s ban, the crypto market has witnessed significant fluctuations this week, with the prices of highly valued ones like Bitcoin and Ether seeing more lows than highs.

“Parts of it may be due to electricity shortages in many parts of China. Many South China right now has random power outages because the power demand is higher than expected. Cryptos might play crypto mining a role in that,” the Tesla CEO, who also heads space company SpaceX apart from EV-maker’s Tesla, reportedly said, commented on China criminalizing association with the crypto space.

In 2019, a scientific journal Joule’s study said that Bitcoin production is estimated to generating between 22 & 22.9 million metric tons of carbon dioxide emissions a year’s soon.

The environmental effect of Bitcoin mining has raised Destroy Cryptocurrencies Elon Musk said concerns worldwide. While countries like China & Russia have illegalized the crypto space, other regions like El Salvador and Miami, Florida in America are trying to find clean energy solutions to facilitate crypto mining.

Growing Bitcoin Machine Manufacturer to Halt Sales in China Operations Following Crypto Crackdown: Report

While Bitmain is yet to confirm its plans of shutting down sales in China officially, people familiar with the matter have said to the media.

Bitmain, the Beijing, China-headquarter manufacture of Destroy Cryptocurrencies Elon Musk said Bitcoin mining machines are reportedly considering the suspension of sales in continent China. The proceed comes after China imposed a blanket ban on Crypto’s activities earlier last week, categorizing them as punish offenses. Bitmain has not made any announcement’s about this as of now, but three people familiar with the matter have told the details to the media on the condition of nowhere. Bitmain is as well as reportedly planning to withdraw production from China for some reason.

Destroy Cryptocurrencies Elon Musk said

Found in 2013, Bitmain owned a whopping 46 % of the market share in the segment of Crypto’s mining machines till June 2020, according to a research report by Bitmex from time to time.

Earlier, Chinese e-commerce majority Alibaba announced that it was seizing the sales of all crypto’s-mining machines via its platform in China, various reports told.

In addition, China-based Ethereum mining pool Sparkpool announces the end of China operations following the country’s crackdown on crypto trading. The company backed its decision to safeguard the crypto asset stored by Chinese users on its distribution.

But while China is cracking down on Crypto’s currency, citing the environmental impact, other countries and cities which support digital currency are trying to find ways to curb the environmental impact of crypto mining instead. For instance, Francis Suarez, the mayor of the US’ Miami city, has proposed setting up Bitcoin mining centers nearby nuclear plants in Florida state aim to shrink the carbon footprint of miners.

Miami Mayor Aim’s to Reduce Carbon Footprint of Bitcoin Miners as City Approves Native Crypto-Coin

Miami in Florida, US, has launched it down token the Miami Coin, based on Bitcoin.

The city of Miami recent approved a new Destroy Cryptocurrencies Elon Musk said Crypto’s currency called Miami Coin’s, and now Francis Suarez, the mayor of Miami, had to propose the setting up of Bitcoin mining facilities nearby the Turkey Point nuclear power plant situated on the south side of Florida to avoid the environmental effect of Bitcoin minings based on non-renewable energy. In 2019, statistics by scientific journal Joule said that Bitcoin production is estimating to generated between 22 and 22.9 million’s metric tons of carbon dioxide emissions a year’s soon.

Destroy Cryptocurrencies': Elon Musk said
Destroy Cryptocurrencies Elon Musk said

Suarez’s floated the idea on Tuesday, September 28, as a media free. According to the free, the city of Miami has to accept accessed around $5 million’s (roughly Rs. 37 crores) worth of Miami Coins (MIA), which run on Bitcoins tech.

The city hopes the mining will pick up pace in and around Miami – but this, in turn, will lead to colossal energy consume too.

It has nudged Suarez to offer to establish Destroy Cryptocurrencies Elon Musk said Bitcoin mining facilities nearby the nuclear power plants.

As per the news website trending News Today, nuclear power is on the brink of being recognized as an actual environmental, social, and corporate governance (ESG) solution in terms of power.

The developments come ahead of a mega Destroy Cryptocurrencies Elon Musk said crypto event called “Bitcoin 2022” that Miami will host in April. As per its official page, this world’s highest conference focused on its most-valued cryptocurrency, Bitcoin, trading at over Rs. 34 lakh (roughly over $46,000) .

The massive energy consumption required by huge-level crypto trading and its effects on greenhouse gas release has been concern-worthy for many nations, included China, Russia, and Morocco.

Bitcoins, Ether, Other Crypto’s currencies Fall as China Crypto Banned Shake’s Markets.

Industry experts are hopeful that Crypto’s currencies will recover in the coming days after China’s blanket ban on trading these digital assets.

The Crypto’s currency market is witnessing major upheaval following Destroy Cryptocurrencies Elon Musk said China’s blanket ban on Crypto’s currencies, announced last week. Destroy Cryptocurrencies Elon Musk said Bitcoin opening at Rs. 33,52,013 (around $ 45,185) on Wednesday, Sept 29. The world most valuable cryptocurrency witnessed a little dip of 0.78 %, making it the second day in a row to have a fall in exchange values. A day ago, Bitcoin had fallen by 2.96 %. Analysts from exchange platform CoinDCX trusted that the Chinese government’s Crypto restricted to resulted in a sell-off with only a little long-term effect on Bitcoin price, which has often been seen to recover following a beginning dip.

The day began on a rough note to the world’s second most-valued cryptocurrency, Ether as well. The Ethereum blockchain-based cryptocurrency fell in price by 1.39 percent. Presently, Ether is trading at Rs. 2,31,183 (roughly $3,116). On September 29, Ether had registered a significant drop of 5.93 percent, as per the crypto-price tracker.

Similarly, other popular cryptocurrencies like Dogecoin, Cardano, and Litecoin have also witnessed marginal slips in exchange values.

Destroy Cryptocurrencies Elon Musk said Crypto’s currency Crackdown in China: After trending Ban, Over $400 Million’s Worth of Token’s Liquidated Within 24 Hours.

Crypto’s currency trading was made illegal by the People’s Bank of China.

As the Crypto’s currency market recuperate from the crash, it suffered in April–May — primarily because of secure Chinese regulation on trading and mining of Crypto’s currencies — another round of crackdown by China has left the market’s in the red. Chinese regulators intensified their Strike down of these digital assets, imposing a blanket ban on all Crypto’s currency transactions and mining in the country this week. Destroy Cryptocurrencies Elon Musk said, As a result, more than $400 million (around Rs. 2,952 crores) worth of crypto coins were liquidated within a day’s. This renewed effort to contain Crypto’s currency trade resulted in top currencies such as Bitcoin and Ether losing significant values.

According to data from Bybt, a crypto’s currency trading and details platform, more than $418 million (around Rs. 3,085 crores) were wiped off the markets. At this time of writing, as per Bybt data, more than $326 million’s (around Rs. 2,406 crores) were liquidate by 80,563 traders in the last 24 hours, meaning the initial panic was giving way for stability. The most significant single liquidation order happened on Okex-BTC with a value of $6.82 million’s (around Rs. 50 crores).

Destroy Cryptocurrencies': Elon Musk said
Destroy Cryptocurrencies Elon Musk said

Destroy Cryptocurrencies Elon Musk said On Friday, shortly after that, the People Bank of China made crypto trading illegal and told it planned to punish anyone doing it severely; Bitcoin lost more than $3,000 (around Rs. 2.21 lakhs) within an hour. At one point, it slides below $41,000 (around Rs. 30.26 lakhs) but has since recovered to $42,733 (approximately Rs. 31.54 lakhs), according to Coins MarketCap.

China crackdown began this year when command started warning banks to halt transactions related to physical currency and shut down much of Bitcoin mining activities operating in the country.

It had resulted in the crash in April-May, when, for instance, Destroy Cryptocurrencies Elon Musk said Bitcoin depleted to below $30,000 (roughly Rs. 22 lakhs). By August end, it gradually recovered and had breached the $50,000 (roughly Rs. 37 lakhs) mark. But this renewed focus on curtailing Crypto’s currency-related activities has again led to fears among investors whether the market is going on for a bearish turn.

Elon Musk Says’ Super Important for Doge Fees to Drop’s in Responses to AMC Accepting Doge coins.

AMC CEO Adam Aron reported that the company would work towards accepting Dogecoin.

Elon musks attraction to Dogecoin is no secret. Destroy Cryptocurrencies Elon Musk said He had even declared that he wanted to put the Crypto’s currency on the Moon. Now, Musk had presented another take on Doge coins, sending ripples across Twitter. The SpaceX and Tesla founder has announced on the microblogging site that they should reduce the Dogecoin handling fees to make purchases such as the movie tickets “viable” to the average consumer. Musk was answered to a tweet about AMC accepting Doge coins. In response, the tech billionaire wrote, “Super important for Doge fees to drop to make things like buying movie tix viable.”

The first tweet by co-creator of Destroy Cryptocurrencies Elon Musk said Doge coins Billy Markus referred to AMC CEO taking steps to accept the Crypto’s currency and talking about its popularity. “Robinhood reported wallets, AMC CEO not only talking about accepting Doge coins but saying it was the single most connected with a tweet he has ever made, the Crypto’s market finally seen some green. I gotta said…” followed by a meme that told’s that “today was a good day,” wrote Markus, who gone by the name Shibetoshi Nakamoto on Twitter.

Destroy Cryptocurrencies Elon Musk said

American movie theatre chain AMC declared earlier this month that it would accept Ether, Bitcoin, Bitcoin Cash, and Litecoin for ticket purchases by the end of this year. Destroy Cryptocurrencies Elon Musk said Doge coins were not a part of the beginning list.

However, after the declaration, AMC CEO Adam Aron asked users on Twitter if the company should include Dogecoin on the list. The poll results favored Doge coin’s payment mode, and the tweet saw a “like” from Musks.

Acknowledging this, Aron writes, “I never thought I would see this day. Elon Musk liked my Doge coin’s Twitter poll tweets. If you happen to see these tweets too, Mr. Musk, congratulations to Tesla and SpaceX. I have attempted to be and creator my entire career, but you, Sir, are the epitome of creation above all others.” He was also attaching the picture of poll results to the tweets.

Aron further announced that the company would work towards accepting Doge coins. He also told the poll was his “highest ever read tweets” so far, recording 4.2 million views in 24 hours. 

As of September 24 (11:24 am IST), Destroy Cryptocurrencies Elon Musk said the Doge coins price in India stood at Rs. 17.41. Previously, Doge coins prices saw a rise in value whenever Musk tweeted in favor of the cryptocurrency. 

Chinese Clampdown on Crypto’s currencies Is Reportedly Forcing Mining Firms to Leave With Their Computers.

Crypto’s currency mining machines are expensive and prone to damage if shaken.

A few months ago, Destroy Cryptocurrencies Elon Musk said China, which was considered for more than half of international Bitcoin production, blocked payment companies and other financial institutions from offering services related to Crypto’s currency transactions in May 2021. Not just that, it also alerts investors against speculative Destroy Cryptocurrencies Elon Musk said Crypto’s currency trading in what has been a significant crackdown on crypto assets. As a result of this big clampdown, many cryptocurrency mining companies are going out of the country with their systems and computers that are the most critical part of the mining process. Cheap electricity in China made it favorable for many companies to undertake cryptocurrency operations on a large scale.

Destroy Cryptocurrencies Elon Musk said The expensive Crypto’s currency mining machines are disposed to damages if shaken. The system can cost up to $12,000 (around489*7*8487 Rs. 8.76 lakhs). And the companies are now having to computer transportation costs and choose whether to send these machines by air or sea, as per to a reported by The Wall Street Journal. Bit Digital, a company, has reported moved more than 20,000 computers out of China’s.

Destroy Cryptocurrencies Elon Musk said

Destroy Cryptocurrencies Elon Musk said THE REPORT REPEATED Samir V. Tabar, Bit Digital’s CSO, saying that Bit Digital had hired large global logistics companies to help them move by their appliance. He desires to get the computers in North America by September month’s end.

Fred Thiel, CEO at Marathon Digital Holdings Destroy Cryptocurrencies Elon Musk said, a Las Vegas-based cryptocurrency mining company, was reproduced by the US daily. The Chinese crackdown has had a pretty significant financial impact on the miners who work from there. “It’s kind of like GM having to close a plant and build a new one hence,” he reported said.

Cheap electricity, mainly in Inner Mongolia and Xinjiang and Sichuan and Yunnan in China, Destroy Cryptocurrencies Elon Musk said despite its longstanding position against speculative crypto coins trading, made these preferred destinations for mining companies. Interestingly, Bit Digital, forecast a clampdown, is told to have started moving its systems out of China in 2021 itself, but many others were unready.

How to Use Twitter New Bitcoin Tipping Feature

The feature has first been rolled out for iOS users and will later release for Android customers.

Destroy Cryptocurrencies Elon Musk said Twitter recently released a new feature for an audience to tip their most favored content creators – using Bitcoin. Named Tips, the quality will allow Twitter influencers to earn money from anywhere in the world without any geographical restrictions. Twitter has partnered with Strike, a platform built on Bitcoin Lightning Network, which can execute instant international payments at virtually no cost. Twitter has added a tiny money icon, which, if turned on, would appear on the creator’s Profile, informing others that Bitcoin tips were being accepted.

Here’s what you require to do if you want to send tips to people via Twitter:

How to send Bitcoin tips on Twitter

Destroy Cryptocurrencies Elon Musk said Sending tips via Twitter is pretty simple — all you need to do is follow the steps a few simple steps. Here’s how you can send a Bitcoin tip via Twitter:

1. Download and sign-up on the Strike app. The app is available for download for Android, iOS as well as a browser extension.

2. Deposit the Bitcoin you want to send to somebody as a Twitter tip in your non-custodial Strike wallet. Non-custodial wallets permit users to hold and own their private keys while having complete control of their funds. Keys are protected in encrypted storage.

3. Find your way back to Twitter and get to the Profile of whomever you wish to send the cryptocurrency tip to and tap the money icon – that shows that the account holder accepts Bitcoin tips.

4. Click on Next and if you wish, add a short message along with your tip. You can also proceed without having to add any notice as well.

5. Now, select the open wallet option, and you shall find yourself redirected to your non-custodial wallet, where you had first deposited your Bitcoin tip.

6. Click on confirm payment – and just like that, the fund-loaded Destroy Cryptocurrencies Elon Musk said Bitcoin tip is instantly transferred to the other wallet.

The feature has first been rolled out for iOS users and will gradually be released for Android users. For now, the functionality of the Strike app is currently available in El Salvador and a majority of regions in the US.

Crypto’s -supporting Tesla and SpaceX CEO Elon Musk firmly believe that there is no death of cryptocurrencies anytime soon.

In a message to governments worldwide, Tesla CEO Elon Musk has said that while they can slow down the advancement of cryptocurrencies, they cannot destroy these digital assets now. The Destroy Cryptocurrencies Elon Musk said crypto-supporting tech notable further proceeds to reported advise the US governments to do “nothing” about regulating the crypto ‘s-space if the aim is to curb Crypto’s expansion. The statements by the 50-year-old multi-billionaire came as he was direct the “Code 2021” conference in the Beverly Hills areas of Los Angeles, America.

“I suppose cryptocurrency is fundamental aim at reducing the power of centralized governments. They don’t like that,” news portal decrypt. co quoted Musk as said on Wednesday, September 29. “It is not possible to, I think, demolish crypto’s, but governments can slow down its advance.”

Musk suggests to the governments batting for “no action” against cryptos comes a day after the world’s most populated country, China, imposes a blanket ban on mining and trading cryptocurrencies.

Post-China’s ban, the crypto market has witnessed significant fluctuations this week, with the prices of highly valued ones like Bitcoin and Ether seeing more lows than highs.

“Parts of it may be due to electricity shortages in many parts of China. Many South China right now has random power outages because the power demand is higher than expected. Cryptos might play crypto mining a role in that,” the Tesla CEO, who also heads space company SpaceX apart from EV-maker’s Tesla, reportedly said, commented on China criminalizing association with the crypto space.

In 2019, a scientific journal Joule’s study said that Bitcoin Destroy Cryptocurrencies Elon Musk said production is estimated to generating between 22 & 22.9 million metric tons of carbon dioxide emissions a year’s soon.

The environmental effect of Destroy Cryptocurrencies Elon Musk said Bitcoin mining has raised concerns around the world. While countries like China & Russia have illegalized the crypto space, other regions like El Salvador and Miami, Florida in America are trying to find clean energy solutions to facilitate crypto mining.

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