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Elon Musk Confirms Tesla Is Not Selling All of Its Bitcoin, Hints at Potentially Resuming Transactions

Tesla CEO Elon Musk tweeted earlier this Sunday that the electric carmaker would resume its Bitcoin transactions once verified crypto mining operations utilise more renewable energy.  “When there’s confirmation of reasonable (~50 percent) clean energy usage by miners with [a] positive future trend, Tesla will resume allowing Bitcoin transactions,” he wrote.  This is inaccurate. Tesla […] дальше »

2021-6-15 08:37


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U.S Congressman Slams Elon Musk, Says The Billionaire’s Support For Dogecoin Is Ingenuine

Elon Musk has been receiving a truckload of criticism from market players ever since he put out his comments about Bitcoin’s energy usage, which he considers intensive and unsustainable. The billionaire reckons that until the energy consumption level of the asset reduces, his EV car company Tesla will stop accepting payments in Bitcoin. Congressman pokes […] дальше »

2021-6-1 13:00


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Elon Musk Meets Major North American Bitcoin Miners to Address Energy Usage

Following his earlier criticisms of Bitcoin’s energy usage, Tesla CEO Elon Musk has met with bitcoin miners in North America to promote the use of renewable energy for BTC mining activities.  New Bitcoin Mining Council Formed After Meeting Tweeting on Monday (May 24, 2021), Musk revealed that bitcoin miners based in North America were committedRead More дальше »

2021-5-26 13:30


Илон Маск провел встречу с майнерами

CEO Tesla Илон Маск сообщил о встрече с майнерами биткоина по теме использования возобновляемых источников энергии. Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to do so. дальше »

2021-5-25 09:56


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Is Ripple Behind Most of the Bitcoin Energy Usage FUD? CoinShares’ Meltem Demirors Thinks So

The Bitcoin market hasn’t been a pretty sight of late. The top cryptocurrency seems to be struggling to beat back the bears as price take a hit after another. Notably, this crisis started when Tesla’s Elon Musk launched a scathing attack on BTC on account of the network’s massive power consumption. Elon’s company went on […] дальше »

2021-5-24 11:17


How Another Chinese Power Outage May Have Led to Bitcoin’s Flash Crash This Week

Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in a span of a day, which crippled the major cryptocurrency’s rally.  Now, Bitcoin’s hash rate is suffering a similar loss as miners based in Sichuan, China face limitations on power usage.  The State Grid in […] дальше »

2021-5-22 05:02