The much anticipated Tesla Model 3 has yet to be released and already a groundswell of electric car competition is forming to challenge Elon Musk’s upcoming offering. Start in China, where the Model 3 is not due to arrive until next year, but already Chinese-funded, smart, connected plug-in car start-ups are scrambling to launch “Tesla killer” cars to go head-to-head against Tesla “mass market” sedan.
In taking on the monopoly, yet cash-burning premium electric car juggernaut that is Tesla, the key for leading Chinese electric vehicle start-ups such as Future Mobility, WM Motor and Singulato Motors, is that they will produce their cars locally, making them better able to match the Model 3’s price, . Tesla is expected to price its Model 3 from $35,000 in the United States. Buyers in China would expect to add 25% to that in import tariffs.
The Chinese strategy is simple: beat the Model 3 in China by making their cars more premium but cheaper than Tesla’s mass-market all-electric battery car.
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bitcoin.com owner and bitcoin Cash (BCash) proponent Roger Ver has described Coinbase’s insider trading scandal as a “non-crime.”
Ver: Advance Trading Would Have Been Better
Speaking in a new with CNBC, which this week also came under scrutiny for its sudden BCash support, Ver implied it was up to users to “be careful” when using cryptocurrency exchanges.
“I think insider trading is a non-crime… If a bunch of people had traded in advance, then the price wouldn’t have been nearly as volatile,” he told hosts including pro-bitcoin Brian Kelly.
Ver’s previous appearance on the network ignited a storm on social media, with figures such as Max Keiser opposing the network’s choice of guest for mainstream viewers. Keiser as “borderline fraud” and CNBC as “fake news.”
Responding to Kelly’s query as to whether BCash’s increased popularity would cause it the same challenges as bitcoin currently faces, Ver continued that bigger blocks would avoid issues such as network congestion.
Reddit User Says ‘Mate At Coinbase’ Confirmed BCash Launch
Yet the ties between Ver and the media giant run deeper.
As Bitcoinist Wednesday, an out-of-character spate of pro-BCash tweets from CNBC revealed the work of Gaby and Paul Wasenstein, a husband-wife team which worked both as its director of marketing and organized BCash events.
A photograph of Paul Wasenstein with Ver holding a CNBC logo has been circulating around cryptocurrency social media circles.
Predictably, the backlash from bitcoin users angered by the sudden BCash promotion continues to mount.
Slush, creator of the first bitcoin mining pool and Trezor hardware wallet CEO, wrote on Twitter that the matter of BCash, along with the ongoing insider trading scandal at Coinbase, was a “decentralization matter.”
1) Conbase was never a bitcoin company. They'll sell you whatever will make them a profit.
2) Bcash is a centralized scam, designed to overtake success of bitcoin by using propaganda to confuse newcomers.
Decentralization matter. Avoid both.
— slush (@slushcz)
“Avoid both,” he added, with ShapeShift CEO Erik Voorhees describing his own objections as “politicized propaganda.”
On Coinbase’s promised investigation into the insider trading, analyst Tone Vays meanwhile unearthed what he considers evidence staff broke rules about BCash prior to the release.
Sooooo, "Insider Trading" Investigator over? Thanks and other twitter detectives for breaking this one wide open… someone should send a message to so they can update the article … haha
A Reddit thread Vays found shows user u/mukiwa2 tell users he “has a mate at (Coinbase),” which allowed them to know it would shortly add bitcoin Cash.
u/mukiwa2 has since .
What do you think about the latest comments from Roger Ver about insider trading? Let us know in the comments below!
… haha