SpaceX Archives | Protos https://protos.com/tag/spacex/ Informed crypto news Tue, 13 Aug 2024 13:13:30 +0000 en-US hourly 1 https://wordpress.org/?v=6.2.6 https://protos-media.s3.eu-west-2.amazonaws.com/wp-content/uploads/2022/01/30110137/cropped-protos-favicon-32x32.png SpaceX Archives | Protos https://protos.com/tag/spacex/ 32 32 Bitcoin mining pool CEO to ‘command’ SpaceX mission https://protos.com/bitcoin-mining-pool-ceo-to-command-spacex-mission/ Tue, 13 Aug 2024 13:13:25 +0000 https://protos.com/?p=72657 The founder of a bitcoin mining pool is set to ‘command’ SpaceX's first-ever human mission that will fly over the North and South Poles.

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The founder and CEO of prominent bitcoin mining pool f2pool is set to ‘command’ the first ever human spaceflight to fly over the North and South Poles in a mission launched by SpaceX. 

Chun Wang, who is also CEO of blockchain validator firm Stakefish, announced his participation in the Fram2 mission yesterday.

According to SpaceX, Wang is slated to be Fram2’s ‘commander.’ According to the mission’s website, the crew for the three to five-day flight includes a ‘vehicle pilot’ and a ‘mission specialist’ with impressive polar exploration credentials. However, there’s no specific mention of any significant space-going experience.

Read more: BitMEX’s bitcoin moon mission could be lost in space after fuel leak

Indeed, SpaceX notes this will be the crew’s first spaceflight so it’s not immediately clear what Wang’s role will entail.

Despite similarities between the name of the mission and that of Wang’s mining firm, Fram2 is, according to the website, named after the ship that carried the Norwegian expedition that pipped the British to the South Pole in 1911.

However, Crypto sleuth Truth Labs has highlighted its similarity to FRAM JPEG Capital, who they say laundered funds for the Bit front exploit, Ronin Exploit, and Luna Foundation.

Protos has reached out to Fram2 to confirm what Wang’s role in the mission will entail.

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We now know when Elon Musk got scared and sold Tesla’s bitcoin https://protos.com/we-now-know-when-elon-musk-got-scared-and-sold-teslas-bitcoin/ Thu, 07 Mar 2024 18:35:42 +0000 https://protos.com/?p=62121 Arkham claims to have found Tesla’s 68 and SpaceX’s 28 bitcoin wallets. If true, we now know when Elon Musk sold Tesla’s bitcoin.

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Blockchain analytics company Arkham Intelligence claims to know the specific wallets holding Tesla’s and SpaceX’s bitcoin. Once thought to simply be held by a corporate custodian with impeccable privacy practices, analysts at Arkham claim that they have now uncovered Tesla’s 68 and SpaceX’s 28 bitcoin wallets.

According to its dashboard, Tesla currently owns 11,509 bitcoin worth $775 million at time of publication while SpaceX’s dashboard shows 8,285 bitcoin worth $558 million. Coinbase’s prime custody controls all of these wallets on behalf of Tesla and SpaceX.

Read more: Elon Musk promised to fund Dogecoin, now the foundation accounts are overdue

Here’s when Elon Musk got too scared to hodl Tesla’s bitcoin

If Arkham has correctly identified the Coinbase custodial wallets, it knows exactly when Musk authorized sales of Tesla’s bitcoin. (Tesla purchased precisely $1.5 billion worth of bitcoin in January 2021. Tesla also accepted bitcoin for vehicle purchases.)

First, on various dates during the first quarter of 2021, Tesla sold $272 million worth of bitcoin and realized a stunning $128 million in gains on those sales. (Bitcoin traded in a wide range during Q1 2021 from a low of $27,734 to a high of $61,782. The height of that range allowed Tesla to earn a 59% return within just a few weeks.)

Secondly, on various dates during the second quarter of 2022, Tesla sold $936 million worth of bitcoin and realized $64 million in gains on those sales.

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