Techmeme Ride Home Thu. 05/13 – Elon Rekt Crypto
May 13, 2021
Elon Musk's recent decision to stop Tesla accepting Bitcoin due to environmental concerns sends shockwaves through crypto markets. SpaceX teams up with Google Cloud to enhance satellite connectivity, battling the competition in cloud services. Meanwhile, a significant crypto donation from Ethereum's creator aims to aid COVID-19 relief efforts in India. The ongoing saga of Facebook's Diem crypto project raises questions about its future, alongside Roku's launch of original programming making waves in the streaming sector.
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Crypto Volatility
- Elon Musk's decision on Bitcoin highlights the influence of individual actors on cryptocurrency markets.
- This volatility emphasizes the difference between cryptocurrencies and government-backed currencies.
SpaceX and Google Cloud
- SpaceX partnered with Google Cloud to install Starlink terminals at Google data centers.
- This deal strengthens Google Cloud's competition with AWS and Amazon's Kuiper project.
Colonial Pipeline Ransom
- Colonial Pipeline reportedly paid a $5 million ransom in cryptocurrency after a ransomware attack.
- The attack prompted President Biden to sign an executive order strengthening U.S. cyber defenses.
