Controversial Tesla CEO Elon Musk is yet at it again. Yesterday on Sunday, as per his MO, he took to Twitter and announced that his company Tesla, would resume accepting Bitcoin payments for the purchases of electric cars.
Tesla’s CEO Elon Musk and Twitter’s Jack Dorsey are among the top influential players in the crypto market.
The Federal Bureau of Investigation (FBI) has been accused of alleged illegal seizure of 800 safety deposit boxes in Beverly Hills, housed in the US Private Vaults facility.
Thailand SEC yesterday issued an official guideline that prohibits regional crypto exchanges from supporting non-fungible tokens (NTFs), Meme-Based tokens, fan-based tokens, and exchange-issued tokens.
Politicians in El Salvador, Paraguay and Panama, are championing for legalization of Bitcoin and cryptocurrencies.
As we are all aware by now, Elon Musk is a man wearing a lot of hats. Aside from being the CEO of multi-billion companies Tesla and SpaceX, he co-founded Paypal, brought Dogecoin to us, and now, unfortunately, he will have no role in the bitcoin mining council; not formally at least.
A month ago, the prices of Bitcoin plunged 30% after renowned Tesla and SpaceX CEO Elon Musk informed his followers that Tesla would stop receiving Bitcoins as payments amidst the growing environmental concerns over Bitcoin mining.
Latin America is actively opening up to cryptocurrency according to the activities of politicians in Paraguay, El Salvador and most recently Panama.
During a planned press conference, Gerry Rice, an IMF spokesperson, said that the use of bitcoin as legal cash creates various financial, macroeconomic, and legal challenges that demand extremely careful examination.
Wang Yongli, a former Deputy Governor of the Bank of China, has opposed El Salvador’s recent decision to award Bitcoin legal currency status.
El Salvador’s President, Nayib Bukele, took to Twitter to announce that LaGeo, a state-owned geothermal power firm, has been tasked with devising a strategy to mine Bitcoin using volcanic energy.
Giant Payment company, Square, announced yesterday its plans to grant $5million to the Black Bitcoin Billionaire group to promote more crypto inclusion and education amongst our society.
