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The 20% surge saw doge become the sixth most valuable cryptocurrency and overtake Covid vaccine maker BioNTech in value.
Tesla has suspended the use of Bitcoin for the sale of its electric vehicles due to the environmental impact of Bitcoin mining. The company says that it is looking at other cryptocurrencies that are environmental-friendly as an alternative.
12 May 2021, 08:05 pm Elon Musk has recently announced that Tesla will no longer accept or trade using the cryptocurrency, Bitcoin ($BTC) because it is using coal as an energy resource to mine its coins which is not environmentally friendly. Musk explained that Tesla would not sell $BTC as well, and would look for alternatives to the coin until it uses a sustainable energy alternative. Tesla and Clean Energy (Photo : Mark Brake/Getty Images) ADELAIDE, AUSTRALIA - SEPTEMBER 29: SpaceX CEO Elon Musk speaks at the International Astronautical Congress on September 29, 2017 in Adelaide, Australi...
(Photo : Spencer Platt/Getty Images) NEW YORK, NEW YORK - SEPTEMBER 08: A Tesla showroom stands in Manhattan on September 08, 2020 in New York City. Shares of Tesla Inc. today suffered their biggest loss since going public as technology stocks suffered another day of losses. The electric vehicle and battery maker’s stock plunged more than 21 percent. (Photo by Spencer Platt/Getty Images) According to Electrek's report, Tesla on Binance is a major development for the company, as it allows people to buy, share, and trade company stocks using the next-generation currency of the world. Initial...
The announcements, buried deep in Tesla's 2020 annual report, drove a roughly 20% surge in the world's most widely held cryptocurrency to over $47,000