Elon Musk met with Bitcoin miners to discuss making the cryptocurrency more environmentally friendly dreuter@insider.com (Dominick Reuter)
Elon Musk met with leading Bitcoin miners to discuss the environmental impact of their industry.
In a tweet, the Tesla CEO called the proposed next steps potentially promising.
Bitcoin prices shot up after Musk s tweet from about $38,000 to a peak of $39,600.
MicroStrategy founder and CEO Michael Saylor said he convened industry leaders including Blockcap, Hut 8, Marathon Digital Holdings, and Riot Blockchain to discuss forming an organization that would establish reporting standards and ESG goals for mining. The companies did not immediately respond to a request for comment.
Readers, I got a late start
again. I will add more shortly. –lambert
Bird Song of the Day
The Changeable Hawk-Eagle. (I confess I’ve been choosing these eagles because of their names, but their songs have been really various.)
#COVID19
At reader request, I’ve added this daily chart from 91-DIVOC. The data is the Johns Hopkins CSSE data. Here is the site.
I feel I’m engaging in a macabre form of tape-watching. All the charts are becoming dull approaching nominal, if you accept the “new normal” of cases, for example.
Still upward movement.
“Pentagon push has more US servicemembers getting vaccinated” [FOX News]. “Now 71% of troops surveyed say they have gotten the vaccine or plan to do so. Only 39% of active-duty spouses say they plan to get vaccinated – which could be a problem as hundreds of thousands of troops and their families plan to move to new bases this summer. If the 600,000 troops and their families don’t get vaccinated before their
Spain s cryptofever running hot in rush for virtual fortunes
Being among the early adopters of cryptocurrencies, Spaniards have turned their country into a hub of blockchain technology. Now, retail giant El Corte Ingles is getting in on the buzz with a coin called Bitcor.
El Corte Ingles s Bitcor coin is intended to ensure closer customer affiliation, while opening the door to the cryptoworld
Daniel Santos has long dreamt of striking it rich in the cryptoworld. The young Spaniard has made a name for himself as Mr. Santos via a YouTube channel of the same name which enjoys a following of 300,000 active watchers.
Tesla owner Elon Musk has announced that the electric-car maker will no longer be accepting bitcoin in exchange for its vehicles due to the cryptocurrency s contribution to climate change.
The U-turn comes after Tesla purchased $1.5 billion worth of bitcoin in February and announced that it would start accepting payments in the cryptocurrency in March. 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, Musk wrote on Twitter. 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.
How Bitcoin Uses Fossil Fuels As Elon Musk Says Tesla No Longer Accepting the Crypto
On 5/13/21 at 5:21 AM EDT
Tesla CEO Elon Musk has announced that the company will no longer allow customers to pay for cars with bitcoin because of concerns about the cryptocurrency s links with fossil fuels.
In a tweet on Wednesday, Musk, who is also the CEO of SpaceX, wrote that his electric car company had taken the decision in response to the rapidly increasing use of fossil fuels for bitcoin mining and transactions. Mining is the term used to describe how new coins are brought into circulation.