Elon Musk, Jack Dorsey, Cathie Wood, and Steve Lee gathering to discuss bitcoin, Thorchain suffering from the third hacking attack in one month and more.
Elon Musk revealing his crypto portfolio
Elon Musk, the prominent CEO at Tesla and SpaceX openly shared his opinion on crypto assets once again. Last Wednesday, he gathered with Square and Twitter CEO Jack Dorsey, ARK Founder and CEO Cathie Wood and moderator Steve Lee, the Lead for Square Crypto, at “The B Word conference”. According to Elon Musk, his personal portfolio consists of bitcoin, ether and dogecoin. Musk also did not show interest in selling any of the assets.
“If the price goes down, I lose money.” -Elon Musk
Moreover, he also gave the hint that Tesla may accept bitcoin as payment again. He emphasized how much the network’s energy consumption had improved and that Tesla was taking more care of it, but that Tesla would most likely resume accepting BTC for payments. Last May he had stopped that idea due to concerns about the environmental footprint of bitcoin. When Jack Dorsey was asked whether he would allow advertisers on Twitter to pay in bitcoin, Dorsey laughed and committing to do it right away. According to coindesk, the bitcoin price jumped Wednesday by the most since mid-June. At one point, the largest cryptocurrency was changing hands around $32,800, up more than 10% over the past 24 hours, but later pared those gains to about 6%.
Thorchain suffering from $8 million hack
Cross-chain swap platform Thorchain is suffering from its third hacking attack in a month. The Platform is designed to exchange crypto tokens across different blockchains. This time it has been hit by an $8 million hack – and it could have been much worse. The white-hat-hackers had left back a note in the data field for one of the transactions, issuing multiple critical issues and warning that they could have taken further coins. All in all, the three hacking attacks have brought total losses of around $13 million by now.
And more exciting news from around the world:
- UK Treasury moves toward implementing FATF’s crypto ‘travel rule’ with public consultation.
- Amazon seeks new exec to oversee digital currency strategy.
- Crypto exchange Binance stops selling digital versions of stocks like Tesla and Apple as regulators circle.
It was a great week for blockchain technology. Follow us for more exciting news and be part of the blockchain revolution by joining our BLOCKCHANCE EUROPE 2021 conference in Hamburg in December 2021. You can get tickets here.