Latest news with #TheCryptoTimes
Time of India
17-05-2025
- Business
- Time of India
Elon Musk becomes Kekius Maximus; sparks crypto surge
Billionaire Elon Musk has once again changed his display name—this time reverting to Kekius Maximus . Accompanying the update is a new profile picture, depicting Musk clad in armour with the title "Emperor Kekius Maximus" written on it. Musk briefly adopted the same name in December, likely drawing inspiration from the memecoin Kekius Maximus. And just like the last time, the name change has coincided with a sharp surge in the coin's value—rising by 142% as of 11:30 am on May 17, according to The Crypto Times. Back in December, the coin experienced an even more dramatic rally, spiking 497.56% within 24 hours. Who is Kekius Maximus? The character of Kekius Maximus blends the meme icon Pepe the Frog with Russell Crowe's heroic character Maximus, from the film Gladiator. The name also seems to be in reference to a meme-based cryptocurrency token called KEKIUS. Rooted in internet culture and heavily influenced by the 'Pepe' meme, KEKIUS has been gaining traction in the crypto market, as reported by The Times of India. After changing the name, Musk reposted a user's comment on X: 'Legacy Media trying to find Elon Musk on 𝕏, and suddenly he comes out like: 'My name is Kekius Maximus Reevius Memius, the Dogefather, and Commander of 𝕏 shitposters. Kekius Maximus is back!'" This update comes less than two weeks after Musk briefly changed his name to ' Gorklon Rust ', possibly a reference to Grok—the chatbot developed by his AI company xAI —and Rust, a programming language reportedly integral to xAI's backend. His profile picture at the time also changed to what appeared to be a distorted version of the Grok logo. The name Gorklon Rust may also have been a nod to the memecoin GORK on the Solana blockchain , which, like Kekius Maximus, saw a price spike—jumping nearly 100% in 24 hours, as reported by Outlook Business.
Economic Times
17-05-2025
- Entertainment
- Economic Times
Elon Musk becomes Kekius Maximus (again!); sparks crypto surge
Billionaire Elon Musk has once again changed his display name—this time reverting to Kekius Maximus. Accompanying the update is a new profile picture, depicting Musk clad in armour with the title "Emperor Kekius Maximus" written on it. Musk briefly adopted the same name in December, likely drawing inspiration from the memecoin Kekius Maximus. And just like the last time, the name change has coincided with a sharp surge in the coin's value—rising by 142% as of 11:30 am on May 17, according to The Crypto Times. Back in December, the coin experienced an even more dramatic rally, spiking 497.56% within 24 hours. Who is Kekius Maximus? The character of Kekius Maximus blends the meme icon Pepe the Frog with Russell Crowe's heroic character Maximus, from the film Gladiator. The name also seems to be in reference to a meme-based cryptocurrency token called KEKIUS. Rooted in internet culture and heavily influenced by the 'Pepe' meme, KEKIUS has been gaining traction in the crypto market, as reported by The Times of India. After changing the name, Musk reposted a user's comment on X: 'Legacy Media trying to find Elon Musk on 𝕏, and suddenly he comes out like: 'My name is Kekius Maximus Reevius Memius, the Dogefather, and Commander of 𝕏 shitposters. Kekius Maximus is back!'"This update comes less than two weeks after Musk briefly changed his name to 'Gorklon Rust', possibly a reference to Grok—the chatbot developed by his AI company xAI—and Rust, a programming language reportedly integral to xAI's backend. His profile picture at the time also changed to what appeared to be a distorted version of the Grok logo. The name Gorklon Rust may also have been a nod to the memecoin GORK on the Solana blockchain, which, like Kekius Maximus, saw a price spike—jumping nearly 100% in 24 hours, as reported by Outlook Business.
Time of India
17-05-2025
- Business
- Time of India
Elon Musk becomes Kekius Maximus (again!); sparks crypto surge
Billionaire Elon Musk has once again changed his display name—this time reverting to Kekius Maximus . Accompanying the update is a new profile picture, depicting Musk clad in armour with the title "Emperor Kekius Maximus" written on it. Musk briefly adopted the same name in December, likely drawing inspiration from the memecoin Kekius Maximus. And just like the last time, the name change has coincided with a sharp surge in the coin's value—rising by 142% as of 11:30 am on May 17, according to The Crypto Times. Back in December, the coin experienced an even more dramatic rally, spiking 497.56% within 24 hours. Who is Kekius Maximus? The character of Kekius Maximus blends the meme icon Pepe the Frog with Russell Crowe's heroic character Maximus, from the film Gladiator. The name also seems to be in reference to a meme-based cryptocurrency token called KEKIUS. Rooted in internet culture and heavily influenced by the 'Pepe' meme, KEKIUS has been gaining traction in the crypto market, as reported by The Times of India. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories After changing the name, Musk reposted a user's comment on X: 'Legacy Media trying to find Elon Musk on 𝕏, and suddenly he comes out like: 'My name is Kekius Maximus Reevius Memius, the Dogefather, and Commander of 𝕏 shitposters. Kekius Maximus is back!'" This update comes less than two weeks after Musk briefly changed his name to 'Gorklon Rust ', possibly a reference to Grok—the chatbot developed by his AI company xAI—and Rust, a programming language reportedly integral to xAI 's backend. His profile picture at the time also changed to what appeared to be a distorted version of the Grok logo. The name Gorklon Rust may also have been a nod to the memecoin GORK on the Solana blockchain , which, like Kekius Maximus, saw a price spike—jumping nearly 100% in 24 hours, as reported by Outlook Business.
Yahoo
20-03-2025
- Business
- Yahoo
Analyst uncovers unexpected source powering crypto industry: 'The future of bitcoin mining'
Bitcoin is often criticized for its high energy use, which contributes to planet-warming pollution. However, as The Crypto Times reported, one climate tech investor wants to get the word out that bitcoin derives the biggest share of its energy from a potentially unexpected source: hydroelectric power. Daniel Batten's findings show that the bitcoin network gets 23.12% of its energy from hydroelectric sources, with coal and gas sources following at 22.92% and 21.14%, respectively. This updates findings from the Cambridge Centre for Alternative Finance, which previously identified coal as bitcoin's largest energy source. However, the CCAF report confirmed that the estimate was limited, at least in part, by limited real-world data. According to The Crypto Times, Batten's difference comes from including off-grid mining operations using renewable energy. "The study by Daniel shows that the future of Bitcoin mining indeed belongs to hydro power," the Crypto Times said. While bitcoin operations don't directly produce pollution, their computing processes require massive amounts of electricity. That means when bitcoin data centers are connected to power grids relying mostly on dirty energy (such as coal, gas, and oil), it increases local air pollution, in addition to putting a strain on those grids. That problem is beginning to subside as more bitcoin mining operations strike deals to gain their own dedicated power sources — as Mara Holdings, whose advisory board includes Batten, recently did with a Texas wind farm — or to operate exclusively on excess energy from plants that have a habit of overproducing. Looking forward, it's crucial for the industry to continue to mitigate these environmental effects and get those coal and gas percentages down into the single digits. According to the North American Electric Reliability Corporation, reporting in late 2024, its estimates for electricity demand are rising faster than at any point in the last 20 years, and crypto and artificial intelligence data centers are complicating demand forecasts. Their ability to scale also strains energy grids and can make them less stable. Plus, higher demand generally means higher electricity bills for consumers. The good news is it benefits crypto miners to seek the lowest electricity prices, since their profit margins depend on it. Renewable energy is typically cheaper, and it's much cheaper once built, so increasing renewables is a win-win for crypto and the environment. Energy innovation is essential for this transition. For example, methane pollution from landfills — the third-largest source of human-related methane pollution in the U.S. — can be used for energy. So Vespene Energy developed technology that converts landfill gas on-site to power data processing centers, which offsets gas pollution and generates revenue at the same time. Inspiring such efforts is one example of how these energy-intensive industries can be part of the solution. Bitcoin mining can also support the transition to green energy with financial incentives, according to sources. A study in ACS Sustainable Chemistry & Engineering found that 32 planned renewable sites could generate $47 million in profit by supporting bitcoin mining before going commercial. Should the government ban gas stoves? Yes Only in new buildings Only in restaurants No way Click your choice to see results and speak your mind. We've seen some crypto investors prioritizing clean energy for mining facilities. However, as the world's largest crypto asset, bitcoin must make more progress for the industry to become sustainable. "Bitcoin relies on miners using powerful computational power to solve complex puzzles, consuming massive amounts of energy. Crypto mining's future relies on embracing sustainable and ethical practices to ensure it's not just green but genuinely clean," Tin Pei Ling, co-president of digital asset platform MetaComp, told Financial News. "It is in the industry's interest to reduce energy usage and its environmental impact as it evolves," added David Lenigas, chair of Vinanz, a London Stock Exchange-listed bitcoin mining firm. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
