As the dust settles on Tesla withdrawing Bitcoin as a payment option, the community is awash with speculation over what happened. On that, Bitcoin-bull Anthony Pompliano chimes in with a theory that yesterday’s bombshell was the beginning of an elaborate ruse to usher in new technology from Tesla. Pompliano Gives His Take On The Bitcoin […]

Argo Blockchain has bought two data centers to promote its green mining mission.

On Thursday (May 13), Coinbase Global, Inc. (NASDAQ: COIN) released its Q1 2021 Shareholder Letter and had its Q1 2021 Earnings Call and Q1 2021 Analyst Q&A Call. In this article, we highlight some of the more interesting comments made by CEO Brian Armstrong and CFO Alesia Haas. Support for Dogecoin CEO: “We plan to […]

After Elon Musk and Tesla shocked the (crypto) world, the community reacts. Tesla lost at least one customer and prominent names showing their disagreement.

Elon Musk dropped a bombshell late yesterday after he announced that Tesla would no longer accept Bitcoin payment owing to its network’s high consumption rates, while at the same time also informed that Tesla won’t sell any Bitcoin they had bought earlier in February. The announcement took everyone by surprise given Musk had recently extended

The post Elon Musk Doubles Down on Bitcoin Energy Consumption FUD, Says Bitcoin Energy Consumption is Insane appeared first on Coingape.

Tesla’s CEO and Founder, Elon Musk, has announced that the company has suspended the use of Bitcoin as a valid payment method for its vehicles due to concerns about the use of fossil fuels for Bitcoin mining. Musk’s announcement came in the form of a Tweet in which he stated that the company was “concerned [...]

The post Tesla Stops Accepting Bitcoin Over Environmental Impact Concerns appeared first on Blockonomi.

CEO Elon Musk said Tesla would stop accepting Bitcoin for its cars, citing environmental concerns. Crypto Twitter responded.