Elon Musk, the CEO of Tesla, has suspended accepting Bitcoin for vehicle purchases. The company cited concerns “about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” He said: “Tesla has suspended vehicle purchases using bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.” Th

Binance, the major cryptocurrency exchange, has launched tradable stock tokens in Tesla. It has been reported that the first publicly tradable equity in the form of a Binance stock token will be Tesla, the share price of which currently hovers around the $700 mark. Rather than purchase a full, traditional share, for which custody of a physical share certificate is required, users can purchase as little as one one-hundredth of a Tesla share represented by a digital token. Bina

All the Tesla fanatics and crypto enthusiasts were awaiting for the announcement by the business magnate, he initially gave an inkling for accepting Bitcoin payments in an SEC filing earlier this year. Buisness magnate, Elon Musk recently announced on Twitter that Tesla cars can now be purchased using Bitcoin(BTC). It also said that it will hold on the cryptocurrency having no any intention of converting it to fiat. However, the facility of buying products manufactured by Tes

Bitcoin grows over South Korean Won by the $1trillion mark earlier on March 12. Bitcoin’s market cap rose to $1trillion in late February. It happened right after Tesla’s announcement of investing $1.5 billion in BTC, which played as a major factor in pumping the BTC’s price. Eventually, Bitcoin reached an ATH at more than $57,000 on Feb. 20. Source: Coinmarketcap According to data from AssetDash, Bitcoin’s (BTC) market cap reached $1.057 trillion at the time of publication.

Daniel Ives, an analyst at Wedbush Securities, said that Tesla is about to make more money from its Bitcoin investments than profits from selling its electric vehicle cars in all of 2020. It has been reported that Ives has calculated that Tesla has made “roughly $1 billion” in the aftermath of its $1.5 billion Bitcoin investment. He estimated Tesla’s Bitcoin profits in an investor note. Ives said: “Tesla is on a trajectory to make more from its Bitcoin investments than profit

TESLA JOINS THE BITCOIN(BTC) COMMUNITY When the world is doomed under the adverse effects of the pandemic along with the speculations of a new strain addition, when the whole world seems to be in a meltdown, yet the WallStreet seems to boom, setting an all-time-highs. Lately, in the past few months, the limelight has been taken by Bitcoin. Over that, Elon Musk with his tweets on favouring cryptocurrencies dropped a bombshell of Tesla buying 1.5 billion worth of Bitcoin, along

The total crypto market cap overtook Google stock days after Tesla announced a $1.5 billion Bitcoin investment. It has been reported that for the first time in history, the crypto market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization. However, on February 10, the total crypto market cap hit $1.413 trillion by overtaking the market cap levels of Google class-A and class-C shares, as the market capitalizations of GOOGL and GOOG amount to $1.39 trillio

Report said that Tesla (TSLA) sent shockwaves across the financial markets on February 8 (Monday) after the United States Securities and Exchange Commission (US SEC) filing confirmed its addition of Bitcoin (BTC) to its balance sheet. It has been reported that Tesla’s latest Form 10-K filing for the fiscal year ended December 31, 2020, shows a $1.5 billion allocation to Bitcoin. However, as Bitwise researcher David Lawant points out, Tesla’s Bitcoin exposure represents around

Report said that service outages have been reported at major cryptocurrency exchanges on February 8, after Tesla invested $1.5 billion in Bitcoin (BTC). It has been reported that news of Tesla’s sizeable investment broke after the discovery of a filing with the US Securities and Exchange Commission. This caused Bitcoin price to jump $3,000 in a matter of minutes, eventually claiming a new all-time high of $44,850. However, problems were reported at a number of exchanges, incl

Alexis Ohanian, the co-founder of Reddit, has joined Twitter CEO Jack Dorsey and Tesla CEO Elon Musk in updating their Twitter bios to “#Bitcoin.” The @Reddit co-founder has now joined the ranks of stars to update their Twitter bio with #Bitcoin. Who is going to be evangelized next?https://t.co/W33roT0QfS — Cointelegraph (@Cointelegraph) January 29, 2021 In reaction to a tweet by tech entrepreneur and erstwhile Coinbase chief technical officer Balaji Srinivasan, Ohanian’s bi

Elon Musk, the CEO of SpaceX and Tesla, has become the world’s richest person, who surpassed the net worth of Amazon founder Jeff Bezos. The BBC reported: “Elon Musk has become the world’s richest person, as his net worth crossed $185bn (£136bn).” It has been reported that the futuristic businessman gained staggering wealth last year. CNBC noted: “Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people.” It added: “Tesla’s rocketing share price

Blockchain traceability startup Circulor to help prevent and eliminate child labour in Africa. Car manufacturing giants like Volvo and Tesla recently invested in the blockchain traceability startup. Before the investment, Volvo was testing Circulor’s platform for over a year. Circulor was helping Volvo in verifying the origins of cobalt used in its batteries. Cobalt like many other raw materials, is not always ethically sourced. Meanwhile, Circulor also tracks the origins of

Uphold announced that it will allow users in Latin America to use cryptocurrency for investing in the world’s leading companies such as Amazon, Apple, Google, or Tesla for as little as 10,000 Satoshis. You can now buy a fraction of @Apple, @Tesla, @Walmart and 47 other U.S. stocks with as little as $1. Trade between equities, crypto, currencies and metals​ all in one account! 📱https://t.co/RRHHMvGLsH Available in select regions outside the U.S. pic.twitter.com/tg4bSACuNv —