Daily Archives: June 28, 2021

Billionaire entrepreneur Elon Musk, the founder of the electric car company Tesla, celebrated his 50th birthday on June 28. The tech CEO, a holder of the innovator-of-the-year award, is popular for redefining the future of mobility with Tesla energy-efficient electric cars. He is also an investor focused on innovating Americas infrastructure and tunnel construction services via The Boring Company (TBC), which interestingly also carries a vision to turn the 2D traffic jams into 3Dunderground road networks that useelevators to send motorcades into the high-speed tunnel.

Musk is a visionary who wants to colonise Mars by sending humans to the red planet on Starship and shoot people in a capsule for long hauls via a tunnel with his Hyperloop project, bringing sci-fi to life. On his birthday these are a few of the coolest and the bizarre projects that the futurist extraordinaire is dedicated to making happen.

In 2015, Elon Musk had predicted that the self-driving carsthat could take humans anywhereare the future and that they would be here within two or three years. In 2020, the tech entrepreneur announced that his electric car manufacturer firm Tesla was very close to making the vehicles completely autonomous by achieving Level 5 on its advanced driver assistance system which currently operates onLevel 2.

Announcing Teslas full self-driving(FSD) in order to upgrade its base Autopilot capabilities and enable vehicle automation,Musks AI chief told Computer Vision and Pattern Recognition conference that the car company was dumping radars and heading towards autonomous driving.

Musk, however thought quite a lot about manufacturing the flying and submersible cars. We could definitely make a flying car but that's not the hard part,"Musk told The Independent in an interview. "The hard part is, how do you make a flying car that's super safe and quiet? Because if it's a howler, you're going to make people very unhappy, he said. "We will be making a submarine car. It can transition from being a submarine to a car that drives up on the beach. Maybe we'll make two or three, but it wouldn't be more than that,"he added.

Tesla CEOs The Boring Company has finished 2 extremely low air pressure tunnels in Las Vegas on the concept of the intra-city ("loop") transit systems that will include 30-layer deep tunnels!Hyperloop is prolific inventors one of the most ambitious projects. Musk wants to invent an unrealistic, visionary travel system that is in formative stages that would take commuters from one city to another faster than the commercial planes.

This means building a rail system capable of travelling 800 miles per hour. To solve the problem of soul-destroying traffic, roads must go 3D, which means either flying cars or tunnels. Unlike flying cars, tunnels are weatherproof, out of sight and wont fall on your head, the companys mission reads. The firm also manufactures whacky products such as a flamethrower.

Tesla CEO had invested in an Artificial Intelligence research lab DeepMind because he believes that a neural lace with direct input access to the brain could speed things up.Musk suggested that he wanted to keep up with the power of AI that can develop capabilities of the human brain with technological augmentation. The SpaceX CEO also revealed that he invested in DeepMind over 'Terminator' fears. I think there is potentially a dangerous outcome there, he said in a televised interview with CNBC.

Furthermore, Musk told a Code conference earlier last year that he is working on a brain-computer interface techto help humans keep pace with the acceleration of Artificial Intelligence. The South African born entrepreneur is developing a neural lacethat will be surgically fitted into a human brainthat will allow them to interact with technology without bandwidth challenges. Neuralink would also explore how the human brain can alleviate dangerousmedical ailments and severe depressive disorder.

Elon Musk tied up his personal red Tesla Roadsteras the dummy payload for the February 2018 launch of SpaceXs Falcon Heavy test flightwhich was virtually driven by "Starman", a mannequin dressed in a spacesuit seated inside the Tesla car. Both the car and the mannequin driver travelled into orbit around the Earth blasting David Bowie's "Space Oddity" as it travelled through the solar system. Not just that, Starmans right hand was resting on the steering wheel. The car can be traced cruising into the space on the websiteWhereisroadster.com.

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Elon Musk's birthday: Most 'bizarre' things done by the ...

Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014.

Lucy Nicholson | Reuters

Tech billionaires Elon Musk and Jack Dorsey have agreed to discuss bitcoin with each other at an event in July.

In a bizarre Twitter thread, Musk responded to a tweet from Dorsey promoting an event called "The B Word," which aims to encourage companies and institutional investors to adopt bitcoin.

"Bicurious?" the Tesla CEO said, seemingly referring to the "B" word in question.

In response, Twitter's Dorsey said: "Bizarre! Let's you and I have a conversation at the event. You can share all your curiosities..."

Musk agreed. "For the Bitcurious? Very well then, let's do it," he said, to which Dorsey later replied: "Done! Will set up."

The event is scheduled to take place July 21, according to its website, "offering a live experience and a library of content to the investor community, enabling a more informed discussion about the role Bitcoin can serve for institutions across the globe."

Comments from Musk have taken bitcoin investors on a wild ride lately. The eccentric Tesla boss initially supported bitcoin, briefly adding the hashtag #bitcoin to his Twitter bio in January.

He also posted a meme suggesting he's fallen out of love with bitcoin.

But earlier this month, Musk said Tesla would accept the cryptocurrency when at least half of bitcoin mining is confirmed to be powered by clean energy.

Bitcoin fell below the key $30,000 mark on Tuesday, briefly erasing all its 2021 gains. The digital asset has since risen back above $33,000 but is still down almost 50% of its all-time high of nearly $65,000 which it reached in April.

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Elon Musk and Jack Dorsey to discuss bitcoin at July event

Elon Musk, the Tesla billionaire who has adopted the somewhat satirical bitcoin rival dogecoin as his pet project, has again sent the memecoin's price sharply higher.

The bitcoin price was largely unmoved following a tongue-in-cheek attack by Musk on Twitter chief executive Jack Dorsey's plan to expand bitcoin awareness among companies and institutions with a bitcoin-focused online event.

However, dogecoin jumped 20% higher as supporters of the doge meme-based cryptocurrency cheered Musk's latest Twitter intervention.

Update [06/25/21 05:22 EDT]: Musk responded to Dorsey that he'd be interested in attending the online event, posting to Twitter: "For the bitcurious? Very well then, lets do it."

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Telsa billionaire Elon Musk has helped the dogecoin price surged into the cryptocurrency top ten ... [+] this year and increasingly appears to prefer the memecoin over bitcoin.

"As more companies and institutions get into the mix, we all want to help protect and spread what makes bitcoin open development so perfect," Dorsey, who recently told the Bitcoin 2021 conference in Miami that if it wasn't for Twitter and his payments company Square he would be working on bitcoin full time, posted to Twitter alongside a link to The Worda bitcoin-focused online event that says it aims to "demystify and destigmatize mainstream narratives about bitcoin."

Musk replied to Dorsey asking if the B stood for "bicurious" before following up with: "Oh right bitcoin."

"Lets you and I have a conversation at the event," Dorsey replied, suggesting Musk could "share all your curiosities," but Musk dismissed the invitation, replying: "Lmfao omg."

The Word event, scheduled for July 21, will feature Cathie Wood, the chief executive of investment management firm Ark Invest, and bitcoin developer Adam Back, the chief executive of Blockstream, amongst others.

Corporate and institutional bitcoin adoption has been one of the biggest drivers of the bitcoin price in 2021, with Musk himself adding $1.5 billion of bitcoin to Tesla's balance sheet early in the yearfollowing in the footsteps of Microstratgy, a business intelligence software company that's gone all in on bitcoin.

Earlier, Musk asked: "How many bitcoin maxis [who espouse bitcoin and eschew other cryptocurrencies] does it take to screw in a lightbulb?" Musk then accused so-called bitcoin maxis of being po-faced. "'Thats not funny!'bitcoin maxis," he tweeted.

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The dogecoin price jumped 20% following Elon Musk's tweetstorm but his attack on bitcoin failed to ... [+] send the bitcoin price lower.

Meanwhile, the dogecoin price soared after Musk replied to dogecoin cofounder Billy Markus who had posted about why he continues to support dogecoin.

"[In my opinion], doge is at its best when its funny," said Markus. "Wanting the future world [or] universe economy to ironically be satirical meme money is a fun story that people can get behind. When people get too serious or militant about it, for me, that ruins its charm. Keep doge fun and absurd."

Musk responded with the beer glass emoji and posted "#gravitas" in response to a dogecoin meme.

Dogecoin has been hard hit by a broad cryptocurrency market sell-off over the last week, sparked by fears over a China crackdown on cryptocurrency miningwith Chinese authorities shutting down those who secure cryptocurrency blockchains and validate transactions using high-powered computers.

The dogecoin price is currently trading at less than half its peak of just over 70 cents, set ahead of Musk's appearance on comedy sketch show Saturday Night Live in May, but has so far managed to hold onto most of its eye-watering 2021 gains.

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Update: For The BitcuriousTesla Billionaire Elon Musk ...

But multi-billionaire Elon Musk is apparently living in almost a literal box in Starbase, Texas.

HOUSTON HOMES: 5 Houston homes listed at $500K or less

Musk revealed earlier this month that he only owns one house in the Bay Area now after selling off most of his real estate assets and is currently renting a home worth $50,000 from SpaceX while he does all his space things in Boca Chica.

Teslarati's Simon Alvarez reports that Musk's rented home is actually a mass-produced, 20 feet x 20 feet "foldable, prefabricated home" from Boxabl, a housing start-up company.

The "BoxablCasita" Musk reportedly lives in is set up like a studio apartment, with one large room partitioned into a living room and bedroom area, a fully equipped kitchen band a bathroom with a tub shower.

Boxabl posted a video in November from inside the Casita, announcing the company had just built it for a "high-profile" and "top secret" customer in Boca Chica. But while the company didn't name names, Boca Chica isn't exactly teeming with celebrities, especially ones who would have a poster of a SpaceX Falcon 9 rocket on the door.

BILLIONAIRE ASTRONAUTS:Thousands want to ban Jeff Bezos from returning to Earth after Blue Origin flight

The company has since stayed very "wink-wink" about the fact that a billionaire calls one of its Casitas home and said it was "kinda awesome."

But perhaps when humanity makes its way to Mars, we'll all live like billionaires in Boxabl Casitas.

Elon Musk reportedly lives in a tiny Boxabl home in Boca Chica.

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See inside Elon Musk's tiny, rented home in Starbase, Texas - Chron

Most people have probably never heard of Lucid Motors, or its first production electric vehicle, the Air, something the company's CEO, Peter Rawlinson, acknowledged to me in a conversation we had last week ahead of the opening for the company's newest design studio in the meatpacking district of Manhattan.Last year, I had a chance to see the Lucid Air in person and the thought I kept coming back to then is that it had to have at least caught the attention of Tesla's founder and CEO, Elon Musk.

It is, to say the least, an impressive vehicle, which it should be considering the first model to be delivered will carry a $161,500 price tag, and that's after the federal tax credit. Of course, at the time, the thing that caught Musk's attention was the fact Lucid had promised to offer a sub-$70K version. Almost immediately, Tesla lowered the price of its entry-level Model S to match the price. I think it's safe to say Lucid has Musk's attention.

On Tuesday, before my conversation with Rawlinson, I had a chance to ride in a pre-production version. I'm not a car reviewer so this isn't going to be a car review--I'm far more interested in the strategy behind the Lucid Air.

I'll just say that, as far as electric cars go, this one is very good. I mean, for one, it has a steering wheel, which is apparently no longer a given for electric vehicles after Tesla unveiled its newest Model S with a controversial yoke. As a result, the Lucid Air is a much more approachable take on something you spend a lot of money on to actually drive.

More important, the strategy isn't bad either.

In fact, I think there's a good chance that, of all the electric vehicles that have appeared in the past few years, the Air is the one that Elon Musk and Tesla should worry about the most. I say that not just because of the car, but because of what Lucid means for electric vehicles.

Look, Tesla deserves credit for doing more to legitimize electric vehicles than any other company, ever. In the U.S., Tesla is synonymous with electric vehicles, almost to the extent that Google is synonymous with searching online. It earned that position by selling the most popular electric vehicle in America, the Model 3.

For context, Tesla sells more Model 3 units than all other electric vehicles combined, with the exception of, well, another Tesla--the Model Y. There is no manufacturer that is going to overcome that position selling one luxury vehicle.

On the other hand, one of the things that stuck out to me when I spoke toRawlinson is that the company isn't just focused on selling a vehicle most of us will never be able to afford. It's already working on an electric SUV, and expects to introduce a more affordable sedan in the next few years.

More important, and the real reason Lucid should be on Musk's radar, the company hopes to make its technology available to other manufacturers to speed the production of a greater variety of electric vehicles. That means that not only will Lucid be building its own electric vehicles, but it also wants to help everyone else build them. If that sounds like wishful thinking, consider that while you may have never heard of Lucid Motors before, it's been around longer than you might expect.

The company, which was previously known as Atieva, already has experience making components for other company's vehicles. It's been making batteries and electric powertrains for more than 10 years.

Additionally, it's no coincidence that many of Lucid's executives have plenty of experience building electric vehicles, including Rawlinson, who previously was the chief engineer for Tesla's Model S. In his current role, Rawlinsonistaking the opportunity to "fix all the mistakes" he says he made with the Model S.

Rawlinson isn't the only former Tesla engineer. Last October, I spoke with Eric Bach, Lucid's head of product and another Tesla alumni, about the technology the company is building into its vehicles. It's hard to imagine Musk hasn't noticed that the people he hired to build out the Model S, Model X, and Model 3 are all working on the same effort to disrupt the market he has cornered--for now.

To that end, the company is expected to raise $4.4 billion in a SPAC deal, money that Rawlinson says will help the company ramp up production to fill more than 10,000 preorders. He also says it will help the company launch its next vehicle, Gravity, the SUV that I mentioned earlier.

I don't think people will suddenly stop buying Model 3's and go out and buy a Lucid Air. I do, however, think that Lucid has a chance to persuade a lot of people to consider electric vehicles in the next few years, which is always a good strategy.

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

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I Just Rode in the Car Elon Musk Should Be Most Worried About - Inc.

What Happened: Alex Mashinsky, CEO of crypto lending platform Celsius, believes that Bitcoin (CRYPTO: BTC) hasnt reached its highs for 2021 just yet.

In an interview with Cointelegraph at the Bitcoin Miami conference, Mashinsky said, I do see us going all the way to $160,000 this year.

Although he didnt rule out closing the year a little bit lower than that, Mashinsky noted that the market has significantly less leverage and is now poised to build up more momentum.

Mashinsky also commented on Elon Musks influence on the crypto market, noting that the massive drawdowns in Bitcoins price came after tweets from the Tesla Inc (NASDAQ:TSLA) CEO.

I call him a tourist. Hes a tourist in crypto. Hes here to collect more followers. Hes not here to help you or me 'hodl,' or learn about it, said Mashinsky.

So I dont see him helping the community, he added. I see him basically seesawing, manipulating.

Mashinsky went on to compare Musks love-hate relationship with Bitcoin to an on and off girlfriend.

One day I love you, one day I dont love you. You know, thats not what were looking for.

Read also:Elon Musk Sets The Record Straight On When Tesla Will Accept Bitcoin Again

The Celsius CEO also weighed in on Teslas decision to offer Bitcoin payments in the first place, suggesting that Tesla has the upper hand over the average user in such a transaction.

If the richest guy in the world is willing to exchange a Bitcoin for a Tesla, you have to ask yourself, who is getting the good deal? The minute you buy that Tesla, it's worth less than what you paid for it, but Bitcoin is going to continue to increase in value. So that transaction is good for Elon, but it's not good for you, he said.

Price Action: At press time, the market-leading cryptocurrency Bitcoin was trading at $34,070,gaining 2.15% in the past 24-hours.

Check out thelatest episode of Benzinga Crypto Show

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'Elon Musk Is A Tourist In Crypto,' Says Celsius CEO Alex Mashinsky Who Predicts $160K BTC By Year End - - Benzinga

Hear, hear! Armin Laschet, boss of Germanys center-right Christian Democrats and candidate for chancellor, just hit bulls-eye with his ad hoc analysis of what ails Germany. Spontaneously naming this affliction bureaucratic ping-pong, he illustrated it with a nondescript intersection on the eastern outskirts of Berlin.

Some 25 years ago, it appears, the local mandarins decided to install a traffic light to make the crossing safer. Then the ping-pong paddles came out.

First, it seems, the folks in the municipal administration got into a tiff with the guys at the water utility about who was to drain what, given that the area was environmentally protected. Then regulations changed and the light needed new specs. Next, the public-transport people discovered that the signal would mess up schedules at nearby stops. And so it went until last fall, when somebody had an epiphany and placed a provisional traffic signal at the corner, in anticipation of the permanent iteration. That should arrive any decade now.

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Bureaucracy isnt unique to Germany, of course, but these time spans appear to be par for the course in Europes largest economy. At about the time the traffic light was conceived, for example, Berlin also began planning its new airport. After several delays, it opened wait for it last fall.

So it goes, wherever you look. All administrations since the 1990s have promised to digitize the country. This is now bearing fruit. Over a year into the pandemic, Germanys health agencies have recently begun switching from fax to the Internet in reporting new cases.

Time is relative, as Laschet pointed out dolefully this week as he presented his partys election platform, and thats a problem for an open economy that trades in global markets. During the time we were playing bureaucratic ping-pong, he lamented, Amazon, Google and Tesla became tech giants.

Laschet could also have cited artificial intelligence, where the U.S. and China have sped ahead and Germany trails far behind. Or Germanys ballyhooed energy transition, which is stuck in part because bureaucratic nimbyism keeps blocking pylons and power lines that would carry electricity from the windy coast to the industrial hinterland. Or the red tape that slows construction in German cities, causing rents to soar. Or almost any other aspect of German society.

But Laschets choice of benchmarks is telling, for Germans are peculiarly conflicted about this fast-moving and unbureaucratic U.S. trio of Amazon.com Inc., Google (owned by Alphabet Inc.) and Tesla Inc.

At one level, they love shopping on the first, searching on the second and driving in the third. Theyre also green with envy, because the only German tech company in the big leagues is SAP SE, which makes comparatively boring enterprise software and, founded in 1972, is getting long in the tooth.

At another level and especially on the political left Germans frown at what they see as rapacious Yankee cowboy capitalists. They suspect Amazon of undermining German labor standards, Google of violating Germans vaunted data privacy, and the whole lot of them of paying too little tax. Hence their German reflex: Lets send the bureaucrats to give them a good talking to.

Germans are having particular conniptions of late about Tesla, which provokes them in every way imaginable. It specializes in sexy cars that are also electric and thus climate-friendly. Germany specializes in cars that increasingly look like mutton dressed as lamb and despite the marketing you may have seen still mainly guzzle gas and diesel.

Even more embarrassing, Tesla is run by Elon Musk, a risk-loving and impatient Anglo-Saxon who also smokes dope in podcasts, hosts comedy shows, drills through bedrock, launches rockets into space and is preparing to colonize Mars. Musk is as close to the opposite of the archetypically risk-averse, wooden, paper-pushing German executive as you can be. Hes Germanys perfect foil.

Musk, as it happens, has chosen a sandy forest near Berlin to build a Tesla factory. As youd expect, there are some Germans who find that interesting: The site will create thousands of good jobs and it checks every box Germans claim to love: Its green, digital, and cutting-edge.

But nobody seems to have told Musk about the ping-pong. The environmentalists who should love his electric cars hate his factory because it uses lots of water and might endanger wildlife. Germanys largest labor union, IG Metall, is fighting him tooth and nail because he doesnt want to sign its dotted lines. The factorys opening has already been delayed, and Musk must be wondering what he was smoking when he chose this location.

So Laschet deserves kudos for making bureaucracy an issue in the campaign leading up to Septembers federal election. His party has been in power so long, it obviously shares some blame for the ping-pong he decries. But the truth is that the German obsession with rules and regulations, paperwork and red tape, is mainly the result of leftist policies, often well meant.

Like his main rivals, the Greens, Laschet wants to defeat both the pandemic and global warming. But unlike the Greens and other left parties, hes also spotted the need to simplify German governance. Thats what itll take to unfetter the energy and innovation necessary to achieve these goals and keep Germany prosperous. When Laschet promises to take the ping-pong paddles away from bureaucrats, hes onto something, and deserves support.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:Andreas Kluth at akluth1@bloomberg.net

To contact the editor responsible for this story:Howard Chua-Eoan at hchuaeoan@bloomberg.net

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Elon Musk, a Berlin Traffic Light and Bureaucratic Ping-Pong in Germany - Bloomberg

The fantastical story of antivirus-software entrepreneur John McAfee in his later years should be a cautionary tale to other genius CEOs, especially Elon Musk.

McAfee, who was found dead in his jail cell in Barcelona on Wednesday, was going to be extradited to the U.S. to be tried for financial crimes, including tax evasion and a cryptocurrency pump-and-dump scheme. In March, federal prosecutors alleged in a complaint that McAfee and one of his advisers, Jimmy Galen Watson, engaged in a scheme of fraudulent promotion on social-media platforms to investors of cryptocurrencies, including dogecoin.

The defendants allegedly used McAfees Twitter account to publish messages to hundreds of thousands of his Twitter followers touting various cryptocurrencies through false and misleading statements to conceal their true, self-interested motives, said Audrey Strauss, the U.S. attorney for the Southern District of New York, in a statement in March.

According to Strauss, McAfee, Watson and other members of McAfees cryptocurrency team allegedly raked in more than $13 million from investors they victimized with their fraudulent schemes. Investors should be wary of social-media endorsements of investment opportunities.

Sound a bit familiar, Elon Musk? The chief executive of Tesla Inc. TSLA, +2.51% has been an avid supporter and promoter of cryptocurrency, adding more fuel to the hype and moving crypto markets with his tweets. In March, he tweeted that Tesla would begin to accept cryptocurrency for its electric vehicles, a month after Tesla acquired $1.5 billion of bitcoin BTCUSD, -0.92%. He then reversed that decision in May, because of his sudden concern about the amount of energy used by high-performance computers in bitcoin mining.

Earlier this month, Musk was accused of a pump-and-dump scheme by the CEO of South African financial services company Sygnia. Magda Wierzycka claimed Musk helped pump up bitcoins price through his tweets and Tesla profited by selling at a high point. Musk denied the allegations and said her comments were inaccurate, claiming Tesla only sold around 10% of its holdings to demonstrate that bitcoin could be liquidated easily without moving the market.

Even so, Musks actions on Twitter have raised concerns in the past with the Securities and Exchange Commission, which settled an enforcement action with Tesla in 2018 over his tweets. Recent correspondence obtained by the Wall Street Journal between Tesla and the SEC indicated that regulators told the company it had failed to enforce the order requiring his tweets to be pre-approved. It appears that the company and its board have taken a hands-off approach to Musks tweets and his comments on crypto. Musk even appeared on Saturday Night Live and did a sketch in which he joked that dogecoin was a hustle.

McAfee was a unique individual, and at times bizarre. As MarketWatchs Jon Swartz noted, after interviewing him several times, McAfee was at times both charismatic and destructive. Musk has both of those characteristics as well. While he may not have all of the bizarre qualities of McAfee, Musk would do well to take note of McAfee as a cautionary tale.

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John McAfee was one of the original genius-but-bizarre CEOs -- and Elon Musk should take note - MarketWatch

The Shiba Inu breed of dogs is seeing high demand from dog lovers, courtesy Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk and meme cryptocurrency Dogecoin (CRYPTO: DOGE).

What Happened: Musks announcement Friday on Twitter that his Shiba Inu dog will be named Floki sent a wave of excitement among dog lovers and crypto enthusiasts, according to a report by Yahoo Finance. The Shiba Inu dog breed originated as a hunting dog from Japan.

See Also:How To Buy Dogecoin (DOGE)

The prices of Dogecoin-inspired cryptocurrencies,Shiba Inu (CRYPTO: SHIB) and Floki (CRYPTO: FLOKI),skyrocketed on Friday following Musks tweet. Shiba Inu is a meme coin that brands itself as a Dogecoin killer.

The Yahoo! Finance report quoted long-time dog breeders Tom and Sandie Rolenaitis from Pennsylvania as saying that it was initially Dogecoin, the Shiba Inu-themed cryptocurrency, that captured the attention of dog lovers a couple of years ago.

The surge in demand for dogs during COVID-19 accelerated due to the rising popularity of the meme cryptocurrency this year.

The couple reportedly said that at the height of the COVID-19 pandemic, they were receiving nearly 250 applications per month for their purebred Shiba Inu dogs. In a typical year, the couple breeds 2 litters, containing 3 puppies in each.

See Also: Are These Three Factors Keeping Dogecoin Distant From The Moon?

Why It Matters: Created mainly as a joke in 2013, Dogecoin has shot to prominence this year, in major part due to endorsement from Musk. The meme cryptocurrencys year-to-date gains are an impressive 5,313.05%.

Doge, the classic meme behind Dogecoin, sold as a nun-fungible token (NFT) for $4 million in an auction earlier this month. The meme was put up for auction by Japanese nursery teacher Atsuko Sato, the owner of Kabosu, the female Shiba Inu that featured in the original meme.

Price Action: Dogecoin is up 2.3% during the last 24 hours, trading at $0.2567 at press time.

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Shiba Inu Dogs Are In High Demand Thanks To Elon Musk, Dogecoin - Benzinga - Benzinga

AUSTIN, Texas More details about Elon Musk's tunneling startupThe Boring Company's Central Texas site are finally being revealed.

The Boring Co. is currently hiring for 20 positions in the Austin area, and a few job descriptions outlined plans to build an autonomous tunnel boring machine.

According to Boring Co.'s website, the company constructs "low-cost transportation, utility and freight tunnels," with the goal to make transportation quicker and safer by creating a network of tunnels that alleviate traffic and congestion.

Some of the job openings in Austin include a director of finance and a field engineer for a Bastrop site.

According to a report from the Austin Business Journal, the mention of a Bastrop site is the first public recognition from the company that it has a location in the Austin area. However, no property records could be found with Bastrop Central Appraisal District or Bastrop County.

The Austin Business Journalsaid that company officials previously announced hiring plans in Austin, but no further details have been shared.

The Boring Co. first grabbed space last year in Pflugerville, a suburb northeast of Austin, according to documents first reported by Austin Business Journal. The report says several filings with the Texas Department of Licensing and Regulation link The Boring Co. to about 40,000 square feet in an industrial park off State Highway 130.

The Texas Department of Licensing currently shows that The Boring Co.'s Pflugerville site is in "Phase 2" and the development will include office spaces, a conference room and a fitness site.

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Report: The Boring Company from Elon Musk is hiring in Austin - KVUE.com