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Elon Musk posts final photo of Tesla Roadster headed to asteroid belt

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Elon Musk, the CEO of SpaceX and Telsa, on Wednesday posted the final photograph of his Tesla Roadster that was launched into space on a SpaceX Falcon Heavy rocket and is headed to the astroid belt. Musk wrote in the Instagram post, “Last pic of Starman in Roadster enroute to Mars Orbit and then the Asteroid Belt.” Tuesday's launch marked the rocket’s first test flight and is the most powerful rocket since the Saturn V's used in the Apollo missions.  Test vehicles usually carry concrete or steel blocks, the newpaper reported, but Musk said that would be “extremely boring.” “We decided to send something unusual, something that made us feel,” Musk told...
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Get Ready for Most Cryptocurrencies to Hit Zero, Goldman Says

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The tumble in cryptocurrencies that erased nearly $500 billion of market value over the past month could get a lot worse, according to Goldman Sachs Group Inc.’s global head of investment research. Most digital currencies are unlikely to survive in their current form, and investors should prepare for coins to lose all their value as they’re replaced by a small set of future competitors, Goldman’s Steve Strongin said in a report dated Feb. 5. While he didn’t posit a timeframe for losses in existing coins, he said recent price swings indicated a bubble and that the tendency for different tokens to move in lockstep wasn’t rational for a “few-winners-take-most” market. “The high correlation between the different cryptocurrencies worries me,” Strongin said. “Because of the lack of intrinsic value, the currencies that don’t survive will most likely trade to zero.” Today’s digital coins lack long-term staying power because of slow transaction times, security challenges and h...
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