Bitcoin Plunge, Crypto-Crash And The Elon Musk Influence: A Brief Timeline Of Events
2 hours, 4 minutes
The cryptocurrency market has gone into a meltdown and it may have been started by yet another Elon Musk tweet, but there s more to the crash story and China, presumably, has a role to play in it.
The price of the most well-known digital currency aka Bitcoin fell nearly 30% at a certain point before the drop narrowed down to 10%. But the damage was done. Bitcoin had still lost close to a whopping $70 billion in market value in a span of 24 hours. To put things into perspective Coindesk states that Bitcoin has lost more than 38% over the course of the week.
Archyde
May 13, 2021 by archyde Status: 13.05.2021 12:18 p.m.
While cryptocurrencies are now even reaching large auction houses, a tech giant is getting out again: Tesla no longer wants to accept Bitcoin payments for the time being. A price fall was the result. The US electric car manufacturer Tesla has stopped payments with the crypto currency Bitcoin because of the high power consumption for climate protection reasons. The rapidly increasing consumption of fossil fuels for the production of bitcoins and the transactions with the crypto currency is worrying, said Tesla boss Elon Musk on Twitter. “Cryptocurrency is a good idea on many levels and we believe it has a bright future, but that cannot be at the expense of the environment.”
ON THE GO
Heirs Oil and Gas appoints Osayande Igiehon as CEO Heirs Oil & Gas (HHOG) has announced the appointment of Osayande Igiehon as chief executive officer (CEO), effective May 4, 2021. Advertisement In a statement by the company, Igiehon brings.
Crypto market tumbles as Elon Musk’s Tesla suspends Bitcoin payment option The cryptocurrency market plunged Thursday morning, after Elon Musk, chief executive officer of Tesla, announced that the electric carmaker has suspended bitcoin payment option.Advertisement In March, Tesla had introduced bitcoin.
That Pastor Adefarasin homily There is a theory known as framing in the field of mass communication. One of those communication theories with sociological and psychological roots, framing speaks to how the media packages.
Tesla Motors has stopped accepting Bitcoin as payment for its cars, less than two months after announcing it is happy to sell vehicles using the cryptocurrency. CEO Elon Musk took to Twitter to make the announcement, citing environmental concerns.
ROUNDUP: Tesla stoppt Bitcoin-Zahlungen - Krypto-Währungen brechen ein wallstreet-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wallstreet-online.de Daily Mail and Mail on Sunday newspapers.