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NEW YORK/LONDON/TOKYO: Bitcoin slid to a 2-1/2-month low on Thursday after a regulatory probe into crypto exchange Binance added to pressure from Tesla Inc chief Elon Musk's reversing his stance on accepting the digital currency.
TOKYO/HONG KONG: Bitcoin rebounded to about $50,000 in Asian trading on Thursday after plunging as much as 17% after Elon Musk tweeted Tesla Inc had stopped accepting bitcoin to purchase its vehicles due to climate concerns.
NEW YORK/LONDON/TOKYO (Reuters) - Bitcoin slid to a 2-1/2-month low on Thursday after a regulatory probe into crypto exchange Binance added to pressure from Tesla Inc chief Elon Musk's reversing his stance on accepting the digital currency.
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.
As electric cars struggle for acceptance in the US, its government is trying to normalise them by introducing EV chargers at high-traffic locations like convenience stores, gas stations and outdoor strip malls.
LONDON (Reuters) - Supercar maker the Gordon Murray Group said on Tuesday it plans a 300-million-pound ($420 million) expansion over the next five years, which includes developing electric SUVs and delivery vehicles for carmakers as it shifts towards an all-electric supercar by 2030.
JAKARTA (The Jakarta Post/ANN): State-owned electricity monopolist PLN has pledged to become carbon neutral by 2050 with a plan to phase out fossil fuel-fired power plants and use more renewable energy in its networks.
SINGAPORE (Reuters): The Asian Development Bank will no longer finance coal mining or oil and natural gas production and exploration, it announced in a draft policy statement on Friday (May 7), a move welcomed by environmental groups, which said it was a decade overdue.
CHINA is turning to its state-owned coal power companies to helm the next stage of the country’s renewables push, as the sector becomes less attractive to other investors.