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Falling iron ore price keeps Australian sharemarkets in check Lola Evans 24 May 2021, 17:22 GMT+10 Stocks in Asia mostly rose on Monday, however, Hong Kong's Hang Seng, failed to advance. Movements on all markets were modest. "The one thing really holding our market back at the moment is the miners. SYDNEY, NSW, Australia - Stocks in Asia mostly rose on Monday, however, the Hong Kong benchmark index, the Hang Seng, failed to advance. Movements on all markets were modest. "The one thing really holding our market back at the moment is the miners, Chief investment officer at Burman Invest, Julia...

Tesla will no longer accept bitcoin, says Elon Musk © Getty Images CEO Elon Musk said cryptocurrency could "not come at great cost to the environment." Tesla has suspended vehicle purchases using bitcoin due to climate change concerns, its CEO Elon Musk said in a tweet. Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped. Tesla's announcement in March that it would accept the cryptocurrency was met with an outcry from some environmentalists and investors. The electric carmaker had in February revealed it had bought $1.5bn (£1bn) of the world's biggest digital c...

Tesla boss Elon Musk. Photo: AFP Bitcoin fell by more than 10 percent after the tweet, while Tesla shares also dipped. Tesla's announcement in March that it would accept the cryptocurrency was met with an outcry from some environmentalists and investors. The electric carmaker had in February revealed it had bought $US1.5 billion (approx $NZ2b) of the world's biggest digital currency. But on Thursday, it backtracked on its previous comments. "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any...

EV manufacturer says climate concerns have prompted sudden U-turn on cryptocurrency Thursday, 13th May 2021, 10:36 am Elon Musk said concerns over energy production for Bitcoin mining had prompted the decision to suspend its use Tesla will no longer accept Bitcoin in payment for its vehicles, according to a statement from chief executive Elon Musk. Musk said that concerns over the environmental impact of Bitcoin mining meant the electric car firm would suspend vehicle purchases using the cryptocurrency. Bitcoin values fell by as much as 17 per cent following the announcement on Wednesday nigh...

Archyde May 13, 2021 by archyde Drafting Elon Musk no longer wants bitcoin for the Tesla payment. With his tweets, he made bitcoin soar more than once and with a tweet Elon Musk made it plummet by more than 10% on Wednesday. The South African businessman announced on Twitter that Tesla stops accepting bitcoin as a form of payment for its electric vehicles for its . “We are concerned about the rapid increase in the use of fossil energy for bitcoin mining and transactions, especially coal,” he said in a statement posted on Twitter. “Cryptocurrencies are a good idea … but it ca...