Bitcoin bounces 7% because of Tesla
Bitcoin bounces 7% after Elon Musk confirms that Tesla hasn't yet sold any of their Bitcoin holdings
Tesla CEO Elon Musk clarified in a tweet early monday that the electric wehicle maker "has not sold any bitcoin"
First, Bitcoin is a cryptocurrency otherwise known as crypto currency. In the case of the unitary denomination, it is written "bitcoin" and, in the case of the peer-to-peer payment system, it is written "Bitcoin.
Elon Musk tweets "Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their Bitcoin holdings".
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 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 <1% of Bitcoin's energy/transaction.
Conclusion: Bitcoin started to bounce back from a three month low Monday morning after Tesla CEO Elon Musk denied the company had sold its sizable bitcoin assets, marking the latest swing in volatile crypto markets since the billionaire precipitated a $300 billion crash by announcing Tesla would no longer accept bitcoin as payment due to its weighty environmental footprint.
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Neiman Marcus is preparing to seek bankruptcy protection as soon as this week, Reuters reports
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Zac Efron was reportedly taken to hospital after falling ill while filming his series
Zac Efron was reportedly taken to hospital after falling ill while filming his series
Zac Efron was reportedly taken to hospital after falling ill while filming his Meta-Drama series ‘Killing Zac Efron’ in Papua New Guinea.
Zac Efron has been rushed to hospital after contracting a ‘deadly illness’ while in Papua New Guinea.
The actor is believed to have contracted typhoid or a similar bacterial infection while filming 'Killing Zac Efron' in Papua New Guinea last week, and was airlifted to a hospital for treatment.
According to the Sunday Telegraph, Zac contracted ‘a form of typhoid or similar bacterial infection’ but was given the all-clear to fly home to America in time for Christmas.
E! News tweet "Zac Efron Rushed to Hospital in Australia With Possible Typhoid Infection Before Holidays: Report".
The Official Daily Mirror Celebrity News account tweet "Zac Efron looks happy and healthy as he's pictured for first time since hospital dash".