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NEW YORK: Tesla Inc has suspended the use of bitcoin to purchase its vehicles, Chief Executive Officer Elon Musk said in a tweet on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining.
(Reuters) - Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company's position on the cryptocurrency.
(Reuters) - The Federal Reserve is exploring the technology that would be required to establish a central bank digital currency, but more research needs to be done before it would move forward with a currency, Boston Fed Bank President Eric Rosengren said on Wednesday.
“YEAH, it’s a hustle.” And with that, Elon Musk as host of Saturday Night Live (SNL) brought down the value of dogecoin by 35% and cemented it firmly in the minds of millions more retail investors, forcing us all to wait and see whether such pessimism will be their final verdict.
WHILE many central banks are still investigating the possibility of issuing a digital currency, China has rolled out a digital currency via a series of pilot programmes since last year.
LONDON (Reuters) - Bitcoin hit a record high just shy of $65,000 last month, the latest landmark on its march to wider acceptance. A growing embrace by major companies and financial firms, particularly in the United States, have fuelled its gains.
(Reuters) -Billionaire Elon Musk and cryptocurrency aficionado on Tuesday asked https://bit.ly/33xrDHR his 54 million followers on Twitter "Do you want Tesla to accept Doge?," referring to a digital currency worth roughly 48 cents with no real-world use.
CHINA, May 11, China Daily/ANN - China's digital RMB trial has for the first time included a privately owned bank, indicating a further expansion of applications and the country's firm attitude in driving the pilot program, analysts said.
At the time Elon Musk was trying his hand at comedy as host of Saturday Night Live, his image and likeness were being used to promote Dogecoin giveaways on social media that left unsuspecting people with what could have been more than US$5mil (RM20.57mil) in losses.
ZURICH (Reuters) - Swiss bank UBS is exploring ways to offer wealthy customers digital currency investments, Bloomberg reported on Monday, citing people familiar with the matter.