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“# Backlash to Elon Musk’s Bitcoin bombshell as traders start to buy the dip ” With Tesla’s suspension of Bitcoin payments causing chaos in crypto markets today, critics have targeted CEO Elon Musk’s cavalier attitude to the dramatic effects his words and actions can have on the sector. On May 13, Tesla and Musk announced…
“# Bitcoin loses 6% in an hour after Tesla drops payments over carbon concerns ” The Bitcoin markets are pulling back after electric car manufacturer Tesla suspended its support for vehicle purchases using BTC. In a May 13 tweet, Tesla’s CEO Elon Musk noted the company’s concerns regarding the “rapidly increasing use of fossil fuels…
“#Tesla stops taking bitcoin, cites fossil fuel use in ‘mining’ cybercurrency” Tesla Inc has suspended the use of bitcoin to purchase vehicles, Chief Executive Officer Elon Musk said in a tweet on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining. Bitcoin, the world’s biggest digital currency, fell more than 7 percent…
“# Elon Musk asks Twitter whether Tesla should accept Dogecoin for cars ” Tesla CEO Elon Musk has stirred the proverbial “doges’ nest” once again with another tweet about the quintessential meme coin, Dogecoin (DOGE). Tweeting on Tuesday, Musk ran a Twitter poll asking respondents whether they want Tesla to accept Dogecoin as a payment…
“# Binance CEO says volatility ‘is not unique to crypto’: Data shows it’s Bitcoin’s jet fuel ” During an interview with Bloomberg TV on May 3, Binance CEO Changpeng Zhao suggested that Bitcoin (BTC) “is probably less volatile” than the stock prices of Apple (AAPL) and Tesla (TSLA). Zhao argued that crypto’s volatility was not…
“#Union sets sights on Tesla’s German factory” Germany’s largest and most powerful union IG Metall has set its sights firmly on setting up a works council at Tesla’s factory near Berlin, which is scheduled to open later this year, its head Joerg Hofmann said. The US electric-car maker is hiring for the site in Gruenheide, whose…
“# Binance could face heavy fines over stock tokens warns German regulator ” Binance’s attempts to bridge traditional markets with the cryptocurrency space in the form of fractionalized stock tokens has drawn the attention of Germany’s financial regulator. The Federal Financial Supervisory Authority (BaFin) warned on Wednesday that the world’s largest cryptocurrency exchange could face…
“#Tesla’s bitcoin gambit gave it $100M boost in first quarter” Tesla’s foray into the cryptocurrency market made it quite a bit of coin, the company announced. The electric carmaker’s first-quarter earnings released late Monday revealed that it sold some of the $1.5 billion worth of bitcoin that it purchased in February, giving the company a $101 million bump…
“# ‘I have not sold any of my Bitcoin’: Elon Musk ” Billionaire entrepreneur Elon Musk has taken to Twitter to assure the crypto community that he has not sold any of his personal BTC stash, despite his company Tesla realizing profits from its recent Bitcoin buys. Musk’s comments came in response to accusations from…
“#Tesla beats Q1 revenue expectations on strong deliveries” Tesla beat Wall Street expectations for first-quarter revenue on Monday after it posted record deliveries earlier this month for the three-month period on robust demand from China. The company had said it delivered a record 184,800 vehicles globally in the January to March quarter, beating market expectations…