Cryptocurrency Analysis and News Portal
Elon Musk believes that nearly 50% of the Bitcoin mining industry has shifted to the use of renewables. This is a likely reason for the company to start accepting BTC payments from Tesla customers.On Wednesday, July 21, Tesla CEO Elon Musk said that the company will soon be accepting Bitcoin
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The revelations made by Elon Musk as well as other stakeholders present at the B-Word conference have stirred a positive reaction in the broader cryptocurrency market. The institutional adoption of Bitcoin (BTC), the world’s premier cryptocurrency might have received a new boost as the iconic engineer and billionaire
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Tesla CEO Elon Musk hints the company might resume accepting bitcoin (BTC) payments. Tesla Could Resume Accepting Bitcoin Speaking at the B-Word Conference, alongside Ark Invest CEO, Cathie Wood, and Twitter CEO, Jack Dorsey, Musk said the EV firm “will most likely” resume accepting the premier cryptocurrency for purchases. Musk said: “It looks like
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Elon Musk has stated that Tesla will most likely resume accepting Bitcoin for car payments He pointed out that Bitcoin mining had shifted more towards renewables as China clamped down on coal-powered BTC mining within its borders Mr. Musk made the comments during ‘The ₿ Word’ virtual conference that was attended by
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The price of Bitcoin rose again after Elon Musk announced that his company, Tesla, would possibly accept the digital currency as a form of payment again, providing virtual mining would take a more non-polluting path. Musk announced that if 50% or more Bitcoin mining would be done with renewable energy, this
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Elon Musk has stated via Twitter that Tesla has not sold any BitcoinThis comes after speculation grew that he had dumped his Bitcoin after a heated debate with the crypto Twitter communityBitcoin hit a local low of $42,196 before rebounding to $44k levelsThe CEO of Tesla and Founder of Space
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Elon Musk appears to have again been the catalyst for Bitcoin’s price shedding more than 10% over the weekend after Tesla's CEO appeared to suggest the firm may be planning to dump BTC from its balance sheet this quarter.On May 16, Musk replied to a tweet predicting that Tesla may
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However, Elon noted that Tesla will not sell the existing Bitcoin investment as they plan to use it once the mining shifts to renewable and greener energy sources. Bitcoin price slid as much as 15%, below $50,000, after Elon Musk halted Tesla Inc (NASDAQ: TSLA) purchases with the
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On May 13, Elon Musk sent shockwaves across the crypto markets by revealing that Tesla will no longer accept any BTC payments for cars until Bitcoin mining becomes more environmentally sustainable. Musk notes that while Tesla waits for Bitcoin to move to renewable energy, the firm will be looking at
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Elon Musk asks his Twitter followers if they want to pay for Tesla cars in Dogecoin. What’s next? Probably Tesla will put part of its balance sheet in Dogecoin, won’t they?Elon Musk‘s love for Dogecoin (DOGE) seems to be touching new highs. A day after SpaceX announced accepting Dogecoin payments
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