Tag Archive : Nevada

/ Nevada

KEY POINTS

  • Tesla CEO said reports of a Bitcoin ATM inside one of its facilities are inaccurate
  • LibertyX reportedly added Bitcoin selling feature to three ATMs at the facility
  • They can be accessed only by Tesla employees

Tesla CEO Elon Musk has denied recent reports that there is a Bitcoin ATM inside the car company’s Gigafactory in Nevada.

“I don’t think this is accurate,” Musk tweeted Monday, while replying to a tweet by news website Teslarati. The Teslarati tweet has since been deleted.

On Sunday, Will Reeves, the CEO of cryptocurrency payments and rewards app Fold, tweeted about spotting a LibertyX “bitcoin ATM at the Gigafactory,” along with a Google Maps image. LibertyX is a manufacturer of cryptocurrency ATMs in the United States. 

News outlet Finbold, on Sunday, reported that the LibertyX Bitcoin ATM, mentioned in the tweet, was in existence at the Gigafactory since August and it

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  • Deal talks around Tesla acquiring Nevada-based mining company Cypress Development Corp. have fallen through, Bloomberg first reported.
  • As the company shifts its plan, it now has the rights to mine Lithium on its own in the state, according to the report.
  • The automaker has access to 10,000 acres of “lithium-rich clay deposits,” in Nevada, where the company already has a Gigafactory.
  • The company hopes producing Lithium on a large scale will help keep battery costs low and enable it to finish a $25,000 Tesla in “about three years.”
  • Visit Business Insider’s homepage for more stories.

Tesla was recently holding acquisition talks with a Nevada-based mining company to advance its ambitious plan to source lithium from clay deposits in the US, but the electric-car company was unable to reach a deal and has since secured the rights needed to legally mine the raw material on its own in the state, Bloomberg’s

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A cybercriminal has published private data belonging to thousands of students following a failed attempt to exhort a ransomware payment from a Nevada school district.

Ransomware is a form of malware that can have a devastating impact on businesses and individuals alike. 

Once a ransomware package has landed and executed on a vulnerable system, files are usually encrypted, access to core systems and networks is revoked, and a landing page is thrown up demanding a payment — usually in cryptocurrencies such as Bitcoin (BTC) or Monero (XMR) in return for a decryption key — which may or may not work.   

See also: Ransomware is your biggest problem on the web. This huge change could be the answer

Ransomware operators target organizations across every sector in the hopes that the fear of disrupting core operations will pressure victims into paying up. It may not be a valid legal expense, but for

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