Bitcoin jumps after Musk says Tesla will use when mining is cleaner

Digital conundrum: Two workers are seen inspecting the area at a bitcoin mining company in Quebec, Canada. The virtual currency is facing a range of issues, from institutional adoption to sustainability. ― AFP

SINGAPORE: Bitcoin jumped above US$39, 000 (RM160, 524) after Elon Musk said Tesla Inc would resume transactions with the cryptocurrency when mining is done with more clean energy.

The electric-car maker will allow bitcoin transactions again “when there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, ” Musk, Tesla’s chief executive officer, said in a tweet.