Crypto Currency

Elon Musk, Technoking of Tesla, orders a halt to bitcoin car payments 

Tesla CEO and self-dubbed Technoking is back-pedaling on the company’s stance about bitcoin and has suspended purchases of its electric vehicles with the cryptocurrency. The change of stance, which was delivered via tweet, comes just weeks after Tesla CFO and dubbed “Master of Coin” Zach Kirkhorn said the company believes in the longevity of bitcoin,…

Tesla CEO and self-dubbed Technoking is back-pedaling on the company’s stance about bitcoin and has suspended purchases of its electric vehicles with the cryptocurrency.

The change of stance, which was delivered via tweet, comes just weeks after Tesla CFO and dubbed “Master of Coin” Zach Kirkhorn said the company believes in the longevity of bitcoin, despite its volatility. The tweet from Musk sent the price of bitcoin down more than 4% (and falling). The price of bitcoin is down more than 7% for the day, although some of that decrease occurred prior to Musk’s tweet:

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.

Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at a great cost to the environment.

Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use

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Crypto Currency

Dogwifhat Hits Robinhood Listing: Will WIF Price Explode Past $1?

The post Dogwifhat Hits Robinhood Listing: Will WIF Price Explode Past $1? appeared first on Coinpedia Fintech News The cryptocurrency space is abuzz with anticipation as the Solana-based meme coin, Dogwifhat (WIF), gears up for listing on the renowned trading platform, Robinhood. This development follows the recent trend of meme coins gaining traction…

The post Dogwifhat Hits Robinhood Listing: Will WIF Price Explode Past $1? appeared first on Coinpedia Fintech News
The cryptocurrency space is abuzz with anticipation as the Solana-based meme coin, Dogwifhat (WIF), gears up for listing on the renowned trading platform, Robinhood. This development follows the recent trend of meme coins gaining traction…
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Crypto Currency

Terra LUNA Classic’s Price Dynamic : LUNC and USTC’s Performance Amidst Bitcoin’s Market Influence

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The post Terra LUNA Classic’s Price Dynamic : LUNC and USTC’s Performance Amidst Bitcoin’s Market Influence appeared first on Coinpedia Fintech News
Terra LUNA Classic (LUNC) has recently become a hot topic in the cryptocurrency world due to its notable price movements and strategic burn programs to reduce its token supply…
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Crypto Currency

Bitcoin just had its best month since 2020

Bitcoin is not just having a good week, surging to its highest levels since late 2021, it’s also having a good month. A great month, actually: It’s up more than 40% in February, the cryptocurrency’s best performance since December 2020.Read more…

Bitcoin is not just having a good week, surging to its highest levels since late 2021, it’s also having a good month. A great month, actually: It’s up more than 40% in February, the cryptocurrency’s best performance since December 2020.Read more…
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Crypto Currency

The best bitcoin trade in February wasn’t bitcoin

Bitcoin had a monster February. Its value jumped more than 40% since the beginning of the month, and it’s been surging to heights not seen since 2020 seemingly everyday. But investing in the cryptocurrency itself would not have been the most lucrative trade to make: The trading exchange Coinbase and the miner Marathon…Read more…

Bitcoin had a monster February. Its value jumped more than 40% since the beginning of the month, and it’s been surging to heights not seen since 2020 seemingly everyday. But investing in the cryptocurrency itself would not have been the most lucrative trade to make: The trading exchange Coinbase and the miner Marathon…Read more…
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