China Bans Banks From Using Cryptocurrency, Causing Worldwide Crash.

China has banned any financial institutions and payment companies from doing any business related to cryptocurrencies, Reuters reports. The cryptocurrency market is flourishing in the country, despite crypto exchanges and initial coin offerings being banned in the country. origin »

Cryptocurrency Has Absolutely Tanked Since Elon Musk’s Bitcoin Announcement.

Just a week ago, on May 12, Bitcoin was soaring to incredible heights. Each token was selling for as much as $57,000, up from just $30,000 at the start of the year. Then came a wrecking ball in the form of Elon Musk, whose electric car company Tesla had lent Bitcoin unprecedented mainstream credibility earlier […] The post Cryptocurrency Has Absolutely Tanked Since Elon Musk’s Bitcoin Announcement appeared first on Futurism. origin »

Elon Musk Has Lost $20 Billion Since Hosting “SNL”.

Tesla Drop Tesla CEO Elon Musk has lost a considerable amount of his wealth, more than $20 billion, since he made his appearence on Saturday Night Live over the weekend, as Forbes reports. Shares of the electric car company fell some 15 percent this week, cutting the billionaire’s net worth by $20. origin »

New Cryptocurrency Kills Your Hard Drive to Mine New Coins.

The race is on to become the next mainstream cryptocurrency that doesn’t contribute millions of tons of carbon dioxide emissions due to unsustainable mining practices. Now, a new cryptocurrency called Chia, founded by BitTorrent creator Bram Cohen, is promising to make mining cryptocurrencies at home a whole lot easier (again). origin »

It Would Be Incredibly Hard to Make Bitcoin Sustainable, Experts Say.

Tesla CEO Elon Musk recently announced that the car company will no longer accept Bitcoin as a form of payment, citing the cryptocurrency’s immense power requirements and environmental toll. But Bitcoin won’t magically become environmentally friendly over night. origin »

Dogecoin Spikes After Elon Tweets About Helping Its Developers.

A day after publicly announcing that Tesla is no longer accepting Bitcoin as a form of payment, citing the currency’s negative impacts on the environment — something we’ve known for years — CEO Elon Musk took to Twitter yet again. origin »

This Revolutionary Crypto Trading Platform Lets You Mimic Its Top-Performing Investors.

Nobody can predict exactly what the future holds for cryptocurrencies. Will we one day use bitcoin or ethereum to buy everything from cars and houses to coffee and bubble gum? Or will cryptocurrencies remain investment vehicles primarily used to grow wealth, like stocks and bonds? The answers to these questions are unclear. origin »

Bitcoin Loses Enormous Amount of Value After Elon’s Flip Flop.

In a blindsiding move that caught the cryptocurrency world by surprise, Tesla CEO Elon Musk tweeted that the car company would suspend car purchases using Bitcoin. The reasoning: concerns over Bitcoin mining harming the environment. origin »

Bitcoin Fans Are Absolutely Furious at Elon Musk.

Pump and Dump On Wednesday evening, Tesla CEO Elon Musk announced that the automaker would no longer accept Bitcoin payments just months after it first started to. The move sent shockwaves through the Bitcoin community — and caused the crypto’s value to plummet, according to CNBC — and Bitcoin holders accusing Musk of manipulating the […] The post Bitcoin Fans Are Absolutely Furious at Elon Musk appeared first on Futurism. origin »

Elon Musk: Tesla Immediately Suspending All Bitcoin Car Purchases.

Change of Heart Tesla CEO Elon Musk dropped a huge surprise on both his electric carmaker and the world of cryptocurrency this evening, announcing that Tesla has stopped accepting payments for car purchases in bitcoin. origin »