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“#Bitcoin fell about 14% after Tesla stopped accepting it as payment” Bitcoin plummeted as much as 14 percent after Tesla CEO Elon Musk said the electric car maker suspended use of the cryptocurrency as payment for its vehicles. Musk added in a tweet that Tesla would not sell any of its current bitcoin holdings, which…
“# 3 reasons why Bitcoin doesn’t care about Elon Musk ” Bitcoin (BTC) dived 17% when Tesla CEO Elon Musk criticized its energy consumption — but it’s already bouncing back. On May 13, fresh from its dip to $45,60, BTC/USD is trading above $51,000, having regained over half its lost ground. With the drama still…
“#Cryptocurrency market tanks after Tesla suspends bitcoin transactions” The global cryptocurrency market lost hundreds of billions of dollars in value after Tesla CEO Elon Musk said his company was suspending the use of bitcoin for vehicle purchases, a report said. Musk made the announcement via tweet just after 6 p.m. Wednesday, at which point the…
“# 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…