Automotive

Elon Musk’s Tesla is investing $1.5B in Bitcoin

It would start accepting Bitcoin as a payment method

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In a filing with the Securities and Exchange Commission (SEC), Tesla said it bought Bitcoins for more flexibility to diversify further and maximize returns on cash. To be precise, the company has invested a whopping US$ 1.5 billion in the cryptocurrency and intends to accept it as legal tender soon.

Obviously, just like his tweets, the announcement skyrocketed Bitcoin’s value by as much as 15 percent. The price of one Bitcoin even exceeded US$ 44,000 for a few minutes. Tesla is among the first to recognize cryptocurrency’s potential and intends to ride the wave with an early heads-up.

Bitcoin has been in the news for the longest of time, and its perception is quite polarised. The Bitcoin investors are confident that future currencies would be deregulated and support the free market’s principles. However, its volatility is too high, making it not a very suitable candidate for regular transactions. Adding to this, the currency is increasingly exploited by criminals to launder money and fund illegal activities.

Although Tesla is said to be in a unique position as far as accepting Bitcoin payments is concerned. The company does not have dealerships and directly sells its vehicles. A car is a huge purchase, and one can try paying via Bitcoin since the amount won’t be too minuscule. We don’t have a timeline on when you’ll be able to buy a Tesla in exchange for Bitcoins, but it’ll happen soon.

In a December 20 tweet, Elon Musk said that “Bitcoin is almost as bs as fiat money,” suggesting his belief that it is perhaps less “bs” than traditional government-backed currencies.

The most wonderful and mind-boggling thing about Bitcoin is, it could be worth US$ 500,000 after a year or even US$ 0. It’s a risky investment, but Musk has always preferred walking on a thread.

Automotive

Honda Philippines launches the New Honda Civic Type R

Honda’s ultimate racing machine just got even better!

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Not everyone buys cars for the same reason. And not all cars are created equal. Some cars are for transport, while some are also for going from point A to point B, but with a whole lotta fun! For racing-bred folks, a VTEC kicking in would definitely put-up smiles.

On the July 27, 2021, Honda Cars Philippines, Inc. proudly announced the launch of the New Honda Civic Type R in the country. It boasts a refreshed sporty look that is still quintessentially Civic.

What’s new?

The New Honda Civic Type R features an updated symmetrical design while retaining some of characteristics that gave its predecessor a distinctive look. It now comes equipped with a new front grille design with a thinner grille beam that allows a larger air intake.

Honda knew that if you are going to drive around a Civic Type R, you’d want to squeeze every bit of potential out of it. So, they made improvements on the suspension and brake systems for a more responsive handling. An updated radiator core helps decrease temperature during high-demand driving situations.

Another awesome new feature is the Active Sound Control (ASC), that enhances the cabin sound with engine noise through the audio systems when driving in Sport and +R modes. You’re in a performance car, loud noise is a must (winks).

Driver-assistive functions

Along with the standard safety features such as airbags, Anti-Lock Braking System and more, the New Civic Type R is installed with Honda SENSING for a safer mobility. A monocular camera works in conjunction with wave millimeter radar to monitor and assess the road conditions ahead. Honda’s driver-assistive features include: Adaptive Cruise Control (ACC), Collision Mitigation Braking System (CMBS), Lane Keeping Assist System (LKAS), Road Departure Mitigation (RDM), and Lane Departure Warning (LDW).

The 2.0 liter VTEC TURBO engine supplies a maximum power output of 310 PS and 400 Nm at peak of torque. Its 6-speed manual transmission is equipped with a ‘rev match control’ system that enables the vehicle to sustain maximum power while changing gears.

Pricing and availability

The New Civic Type R will be available in three colors: Championship White, Racing Blue and Sonic Gray with a price tag of Php 3,210,000.00.

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Automotive

I Took A Ride On a Self-Driving Tractor!

Just like your smartphone, AI powers tractors through the fields

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Unusual in the GadgetMatch YouTube channel is a visit to a big warehouse full of farming vehicles, windmills, and corn fields. But Michael Josh’s visit at John Deere’s booth last CES 2020 and hosting session in CES 2021 made him gain interest in smart farming equipment.

But do you know what do tractors and smartphones have in common? John Deere’s farming machines are in a way like farming robots. Just like smartphones, they also leverage the power of data and AI — or also known as Artificial Intelligence.

But what makes John Deere’s farming vehicles stand out from the rest? Find out more in our latest video!

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Automotive

VanMoof X3 Review: The Tesla of E-Bikes?

Time to ride the future

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In a bustling city full of cars, bikes not only offer an easy passage from several location points, they also reduce your overall carbon footprint.

But what if someone makes bikes even smarter? Dutch-based VanMoof makes the perfect city bike that sports the right balance of high tech and coolness factor. And comes as part of a complete ecosystem that’s sure to make any city biker happy.

This is our review of the VanMoof X3 — which also applies to the VanMoof S3 if you’re planning on buying one.

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