bitcoin

Tesla will 'most likely' restart accepting bitcoin as payments, says Musk

Posted in REVIEWS on July 21, 2021
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Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday. Bitcoin was up 8% at $32,160.16, while ether surged 11.6% to $1,993.36. Tesla's shares were down 0.8% at $655.30 in extended trading. Musk's comments at the B Word conference come after Tesla said in May it Read More »

Tesla stops accepting bitcoin as Musk decries its 'insane' energy use

Posted in REVIEWS on May 13, 2021
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Tesla boss Elon Musk denounced the "insane" amount of energy used to produce bitcoin on Thursday, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Bitcoin fell more than 10% after Musk, one of its most famous backers, tweeted his decision to suspend its use, less than two months after Tesla began accepting it as payment for its electric cars. Other cryptocurrencies, including ethereum, also fell before Read More »