Elon Musk Denies Reports Of Bitcoin ATM At Nevada Gigafactory

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 was only available to Tesla employees. The report said LibertyX did not install any new ATM kiosk but added Bitcoin selling feature to three ATMs that were already there at the facility.

In a statement to Finbold, the firm said it partnered with ATM manufacturers Genmega and Hyosung to offer “Bitcoin software preinstalled on traditional ATMs. Once operators activate the feature, consumers can start buying bitcoin with their debit card from ATMs nationwide.” 

LibertyX said there are already 5,000 ATMs with the feature activated in various locations across the nation and it is planning to roll out to more than 100,000 ATMs after this year.

Musk was a known advocate of cryptocurrency, although he claimed he only owns 0.25 BTC. Some recent data showed similarities between the benchmark cryptocurrency and Tesla stock.

In the past, people even speculated that Musk is the real identity of Satoshi Nakomoto, the anonymous creator

Tesla Autopilot Self-Driving Beta Test Will Start Tuesday, Elon Musk Confirms

KEY POINTS

  • Tesla will roll out its FSD feature in a closed beta system test next week
  • The new autopilot software will be available to a small pool of Tesla owners
  • The updated FSD software is expected to include many new functionalities

Tesla CEO Elon Musk announced via Twitter on Monday that the company’s autopilot self-driving mode would be made available in a small beta test starting next week. 

The closed beta-test system, which will be limited to a small pool of “expert and careful drivers,” will roll out next week, Car And Driver reported. 

The Full Self-Driving (FSD) feature has undergone a complete reboot and is expected to carry a lot of new functionality. The rewrite also updated the autopilot’s labeling software to enable it to interpret the environment in 4D instead of 2D. 

Based on Musk’s recent descriptions, the updated software will build on its current “traffic light and stop sign control” feature and will likely add turns in intersections and integrate it fully on autopilot. 

“The FSD improvement will come as a quantum leap, because it’s a fundamental architectural rewrite, not an incremental tweak. I drive the bleeding edge alpha build in my car personally. Almost at zero interventions between home & work. Limited public release in 6 to 10 weeks,” Musk said in August.

According to Electrek, the new feature will allow Tesla drivers to monitor their entire journey with zero-intervention. However, they must still keep their hands on the steering wheel and be ready to take control when needed. 

Musk has previously said that he was confident that an advanced autopilot software would allow Tesla vehicles to become less likely to be involved in a severe or fatal crash by at least 10 times the current industry average. 

“That’s a lot of lives saved and

Elon Musk has ‘seen no evidence of an advanced civilization visiting Earth’

starshipmuskhopsn5

Elon Musk tweeted this scenic view of the Starship SN5 prototype in mid-air in August. This is an identified flying object.


Elon Musk/SpaceX

The truth is out there, and Elon Musk is sure it has nothing to do with aliens visiting Earth. 

The SpaceX founder chimed in on the idea of UFO sightings through a couple of tweets on Sunday. “I have seen no evidence of an advanced civilization visiting Earth,” he tweeted. “Fuzzy pics that are worse than a 7/11 security cam frame grab don’t count!”

Musk was responding to a tweet from Fox television anchor Maria Bartiromo. She shared a clip from Sunday in which she asked President Donald Trump why earlier this year the Department of Defense set up a UFO group called the Unidentified Aerial Phenomena Task Force.

Bartiromo asked whether UFOs exist. Trump told the anchor he would “have to check on that” and would “take a good strong look at that.”

Musk followed up with a strong piece of anecdotal evidence for his UFO doubt, tweeting: “There are literally >1000% more cameras than 10 years ago, but still zero clear photos.” (That’s what I’ve been saying for years.)  

It’s no wonder people care what Musk has to say about aliens and UFOs. He’s one of the most prominent space proponents on the planet. There was a minor kerfuffle back in July when he cryptically tweeted: “Aliens built the pyramids obv.” This prompted a response from Egypt inviting him to learn more

Elon Musk’s space internet gives Native American tribe access to high-speed broadband for first time

A remote Native American tribe is among the first users of Elon Musk’s Starlink space internet project after it connected to SpaceX’s constellation of satellites.



a sign on the side of a building


© Provided by The Independent


The Hoh Tribe in Washington State said Starlink’s high-speed broadband enabled remote learning and telehealth appointments during the coronavirus pandemic for the first time. 

“We’re very remote. The last eight years I felt like we’ve been paddling up river with a spoon and almost getting nowhere with getting internet to the reservation,” said Melvinjohn Ashue, vice chairman of the Hoh Tribe.

“It seemed like out of nowhere, SpaceX came up and just catapulted us into the 21st century.”

There are currently around 800 Starlink satellites in low-Earth orbit, offering internet connectivity to northern areas of the US and Canada. SpaceX eventually plans to launch tens of thousands more satellites to provide “near global coverage of the populated world by 2021”.

The Hoh Tribe were introduced to Starlink through the Washington State Department of Commerce, which sits within the current reach of the Starlink network.

It is one of several early testers of Starlink , with emergency responders in Washington State also recently using the network to set up a WiFi hotspot for residents of Malden after 80 per cent of the town was destroyed by wildfires.

The Hoh Tribe revealed that internet speeds prior to  Starlink ranged from between 0.3 and 0.7 megabits per second (Mbps) – a long way off the 100Mbps advertised by SpaceX.

Responding to a tweet from the

SpaceX Starlink internet service gearing up for public beta soon, says Elon Musk

After a series of delays due to unfavourable weather conditions, the latest SpaceX Starlink mission launched last week on Tuesday, Oct. 6, at 7:29 a.m. PDT. This added 60 more satellites that are intended to beam down high-speed internet from space. This brings the total number of low-Earth orbit (LEO) satellites from the privately-owned space firm to almost 800. It will not end just yet, as more are planned to go up in the future. The service is expected to go online for its beta testing phase soon.



a sign lit up at night: SpaceX Starlink satellites pass over Leiden


© Photo: Marco Langbroek / Marco Langbroek
SpaceX Starlink satellites pass over Leiden

Elon Musk said, “Once these satellites reach their target position, we will be able to roll out a fairly wide public beta in northern US and hopefully southern Canada.” This is just the initial phase, as SpaceX plans to increase coverage moving forward to eventually provide a constellation that can deliver reliable broadband internet services across the globe, reports ZDNet. He added: “Other countries to follow as soon as we receive regulatory approval.”

Perhaps the most recent test of its capabilities was last month in the wake of the devastating wildfires that destroyed local communications infrastructure. Last month, the residents and emergency responders in the town of Malden in Washington were able to use Wi-Fi services provided by SpaceX Starlink satellites at the time. Musk noted that it was a special case scenario wherein it was able to help folks who needed internet connectivity given the situation.

Originally, the target speeds were set at approximately 100 megabits per second. Nevertheless, this is expected to improve as the satellite constellation grows later on. The official website states: “With performance that far surpasses that of traditional satellite internet, and a global network unbounded by ground infrastructure limitations, Starlink will deliver high-speed