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Cryptocurrency News Articles
Elon Musk: Crypto Is a ‘Bulwark’ Against Centralized Control
Oct 21, 2024 at 06:58 pm
Tesla CEO Elon Musk spoke about XRP cryptocurrency, though he did not specifically mention XRP as a better option for crypto payments.
World's richest person and the owner of companies like SpaceX and Tesla, Elon Musk, spoke about XRP cryptocurrency, though he did not specifically mention XRP as a better option for crypto payments. He did, however, say that the crypto sector presents a better alternative to shift the economic sector away from centralized powers.
On 21 Oct 2024, speaking at a town hall in Pittsburgh, Musk was asked whether he believes XRP crypto will eventually be incorporated into financial institutions despite the hostility from the U.S. Securities and Exchange Commission (SEC) under Gary Gensler’s leadership.
Musk did not provide a specific comment on XRP adoption but shared his general thoughts on crypto and blockchain technology. The owner of X (formerly Twitter) stated that he believes crypto is an “interesting and probably valuable bulwark against centralized control.”
He quickly clarified that his statement was “definitely not an endorsement or lack of endorsement of XRP.” However, Musk emphasized that “crypto by its very nature helps with individual freedom.”
Hoskinson says Cardano will surpass both Ethereum…
WazirX Shares 2.4 Lakh Non-Zero Fund Crypto…
ApeCoin Shows a Gigantic Rally of 70% in a Day…
Elon re: Crypto pic.twitter.com/lloHDbhSa1
These remarks suggest Musk is well aware of top cryptocurrency projects and their potential.
Elon Musk & His Interest in Artificial Intelligence (AI)
Elon Musk was highly involved in the crypto sector between 2020 and 2022. However, in early 2023, he shifted his focus from crypto to AI. He officially addressed this change of interest via his X (Twitter) account, and a few months later, he launched a new AI firm X.AI with an AI bot, which was directly integrated into the X platform.
https://t.co/ObyMPOR7wk#ElonMusk Seems Interested In AI ChatBot “#ChatGPT”
Read also: Hoskinson says Cardano will surpass both Ethereum & Bitcoin in the future
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- Consensus 2026 Miami: Web3, Blockchain, Cryptocurrency, NFTs, Metaverse, Conference, May 5th — Where Wall Street Meets the Digital Frontier
- May 01, 2026 at 11:27 pm
- Miami buzzes as Consensus 2026 approaches on May 5th, highlighting Web3, blockchain, crypto, NFTs, and the metaverse's shift from hype to institutional and sustainable reality.
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- Bitcoin Miners Electrify the Grid: Ohio Gas Plant Acquisition Powers Up a New Era for Digital Gold
- Apr 30, 2026 at 10:38 pm
- The Bitcoin mining industry is undergoing a significant transformation, with major players aggressively expanding operations and strategically acquiring energy assets like Ohio gas plants to solidify their future in the digital economy.
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- Solana's Slippery Slope: Price Prediction Points to Resistance Loss and Potential Further Drops
- Apr 30, 2026 at 09:08 pm
- Solana is struggling to break key resistance, signaling potential downside. Repeated rejections at $86-$88, coupled with a broken short-term pattern, point to targets as low as $67, or even $40, as sellers maintain control. Investors should watch critical support levels closely.
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- NYC's New Beat: Staking Systems, USD1, and Governance Drive Crypto's Next Wave
- Apr 30, 2026 at 03:02 pm
- From lucrative USD1 earning events to robust governance models, the crypto sphere is buzzing with innovations reshaping how we engage with digital assets, focusing on long-term commitment and stablecoin utility.
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- OKX Unveils Agent Payments Protocol: Ushering in a New Era of AI Transactions
- Apr 30, 2026 at 02:53 pm
- OKX launches its Agent Payments Protocol (APP), an open standard for AI-driven commerce, enabling agents to manage full business cycles. Explore the implications for AI transactions and agentic payments.
