New York: Tesla Inc. s CEO Elon Musk said the electric-vehicle manufacturer is suspending purchases with Bitcoin, triggering a slide in the digital currency.
In a post on Twitter, Musk cited concerns about rapidly increasing use of fossil fuels for Bitcoin mining and transactions , while signaling that Tesla might accept other cryptocurrencies if they are much less energy intensive. He also said the company won t be selling any of the Bitcoin it holds.
The largest cryptocurrency dropped as much as 15 per cent in Asian trading, sliding below $50,000, before paring some of the drop. It was down about 8 per cent to $50,190 as of 10:53am in Tokyo. The were reports of outages at digital-token exchanges as people rushed to sell.
Bitcoin price falls after Elon Musk says Tesla will no longer accept it as payment
Updated May 13, 2021;
Posted May 13, 2021
FILE- In this March 14, 2019, file photo Tesla CEO Elon Musk speaks before unveiling the Model Y at Tesla s design studio in Hawthorne, Calif. AP
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Dana Hull, Bloomberg News (TNS)
Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases with Bitcoin, triggering a slide in the digital currency.
In a post on Twitter Wednesday, Musk cited concerns about “rapidly increasing use of fossil fuels for Bitcoin mining and transactions.” His post said that Tesla might accept other cryptocurrencies “that use
Elon Musk sends Bitcoin tumbling with shock U-turn on payments Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Tesla CEO Elon Musk on Wednesday said the carmaker is halting purchases with Bitcoin. | REUTERS
Bloomberg May 13, 2021
Tesla Inc.’s Chief Executive Officer Elon Musk said the electric-vehicle manufacturer is suspending purchases using Bitcoin, triggering a slide in the digital currency.
In a post on Twitter Wednesday, Musk cited concerns about rapidly increasing use of fossil fuels for Bitcoin mining and transactions,” while signaling that Tesla might accept other cryptocurrencies if they are much less energy intensive. He also said the company won’t be selling any of the Bitcoin it holds.
UBS Exploring Ways to Offer Crypto Investments to Rich Clients swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
UBS Explores Offering Crypto Investments to Rich Clients
This content was published on May 10, 2021 - 10:15
May 10, 2021 - 10:15
(Bloomberg) UBS Group AG is in the early stages of planning to offer wealthy customers digital currency investments, joining U.S firms in seeking to give broader access in response to client demand.
The Swiss firm is exploring several alternatives for offering the asset class, people familiar with the plan said. Any investment offering would be a very small portion of the clients’ total wealth because of the volatility, while options include investing through third party investment vehicles, one of the people said, declining to be identified as the details are private.