Elon Musk Cancels Bitcoin: Tesla Transaction Stoppage Leads to Value Drop
Elon Musk Cancels Bitcoin: Tesla Transaction Stoppage Leads to Value Drop Elon Musk has canceled Bitcoin, and for a reason! As a result, Bitcoin prices have plummeted. Photo : Win McNamee/Getty Images Elon Musk has canceled Bitcoin, and for a reason! As a result, Bitcoin prices have plummeted. On Twitter, Musk said he has suspended Bitcoin transactions for his electronic vehicle-maker company Tesla, citing the cryptocurrency's "use of fossil fuels for Bitcoin mining." Musk further said Tesla would not sell the cryptocurrency, stressing that the company will instead use their current stocks ...