7 Min Read
LONDON (Reuters) - Elon Musk says Tesla won’t use or accept bitcoin until he can be sure it’s produced sustainably. He may be waiting some time.
FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake/File Photo
Musk announced his new position in a major U-turn on Wednesday, prompting speculation among some experts about whether he had a plan to wean the crypto industry off the fossil fuels that power “mining,” the energy-intensive process that creates coins.
Elon Musk wants a greener bitcoin Has he got a plan or a pipedream? yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
8 Min Read
LONDON (Reuters) - Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker’s backing of bitcoin this week could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year.
FILE PHOTO: Elon Musk, chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity s Inside Energy Summit in Manhattan, New York, October 2, 2015. REUTERS/Rashid Umar Abbasi/File Photo
Tesla Inc revealed on Monday it had bought $1.5 billion of bitcoin and would soon accept it as payment for cars, sending the price of the cryptocurrency though the roof.
8 Min Read
LONDON (Reuters) - Tesla boss Elon Musk is a poster child of low-carbon technology. Yet the electric carmaker’s backing of bitcoin this week could turbo-charge global use of a currency that’s estimated to cause more pollution than a small country every year.
FILE PHOTO: Elon Musk, chairman of SolarCity and CEO of Tesla Motors, speaks at SolarCity s Inside Energy Summit in Manhattan, New York, October 2, 2015. REUTERS/Rashid Umar Abbasi/File Photo
Tesla Inc revealed on Monday it had bought $1.5 billion of bitcoin and would soon accept it as payment for cars, sending the price of the cryptocurrency though the roof.
<p><span>In an article written for The Conversation, <a target=" blank" href="http://postman.mynewsdesk.com/ls/click?upn=BSwNBFT0tQthl0nrQcTUUSv-2FrDAwq8vvjQIsCjD6hq6KD0yZ90KsRnuefvhxBql3G5-2BGUfD4iV0JiM0n9N-2FHC-2BwNPjngYPD29X1ZskyGNrA-3DDT7F dOZemr-2FgfCF7mCOtP6PwaQNIgduZQ7bQ177Ra6lERxzr1nz8fftCyEChkv6xi4cWZ-2BEGInlETck9qfQMacnaOlJts2QLZ4c1Ackj8eeMKKlNWuniVX8d3ugUIIzNJ42Fx5W6TDkuzMv0zLgrLeHky6CF4G97Gv82iKVDq7mghGPJL4u5JZi-2FvMuRdX3S5d1Xdu-2ByTPjZ0Cs6Vp-2B1pMWh7u2AONAY80Blgxgr3DfvEw6-2FH4qf0zqz50I6W8LGLZLsiogN4qCbklaMY1s8-2FbH6i2swmS-2FWuYWoqYp7Gma-2FXHtDhwLBz8z4zcmxC52DNWQb4qdaf0XEFWmhgEb-2FdV9PFniPmtgWaijdbrV3rKDoOGKUTNMpCdfqJHVjkzt9uwEGyNvPbbkWSzfcFJGGXGUUlV7JSdO8JSw88k8oyTyIWSbzdWRnz-2BzQAQQu8EYoPlyA">Peter Howson</a>, Senior Lecturer in International Development, Northumbria University, explores environmental myths around cryptocurrency.</span></p>