Tesla Halts Bitcoin Payments Over Environmental Concerns, Sending the Cryptoc...

Tesla Halts Bitcoin Payments Over Environmental Concerns, Sending the Cryptoc...

Earlier this year, in what appeared to be a massive win for the crypto space, Tesla began accepting payments in Bitcoin. The move was heralded for legitimizing Bitcoin’s transactional utility beyond just a speculative asset class.  But now, Tesla is backtracking its monumental decision. Tesla CEO Elon Musk took to Twitter to announce that his […]


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Tesla Informs SEC It May Restart Transacting in Cryptocurrencies

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Elon Musk Discloses ‘Tesla Has Not Sold Any Bitcoin’

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Elon Musk Says He Won’t Sell Any Dogecoin — Admits He’s the ‘Ultimate Hodler’

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Which 'green' cryptocurrency is Tesla likely to add for payments?

Elon Musk revealed that Tesla will halt all BTC transactions due to environmental concerns, with the firm set to look at more energy-efficient cryptocurrencies. On May 13, Elon Musk sent shockwaves across the crypto markets by revealing that Tesla will no longer accept any BTC payments for cars until Bitcoin mining becomes more environmentally sustainable. Musk notes that while Tesla waits for Bitcoin to move to renewable energy, the firm will be looking at “other cryptocurrencies” that use less than 1% of Bitcoin’s energy per transaction.Tesla & Bitcoin pic.twitter.com/YSswJmVZhP—....