Musk had earlier replied to a tweet from an unverified account on Twitter called @CryptoWhale which said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. The electric car company selling its stake would be a major blow to the legitimacy of the digital asset. “Indeed,” he replied to a popular crypto Twitter user @CryptoWhale, who suggested that … Image via Twitter. It’s possible maybe that I know than you realize about how money works.”. How the 'world's biggest vaccination drive' fares when compared to the US? Image via CoinMarketCap Also tagged with Elon Musk Musk had earlier replied to a tweet from an unverified account on Twitter called @CryptoWhale which said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. The Tesla boss has been one of the central drivers of the bitcoin boom. How second wave is denting Olympic hopes of many athletes, Patient in viral 'Love You Zindagi' video loses battle to Covid-19, Ramp up vaccine drive for young parents now: Dr Devi Shetty | Exclusive, Goa's top doctors speak out on oxygen shortage and Covid-19 crisis in state, Heavy rains in Kerala as Cyclone Tauktae intensifies | Visuals, Weak medical infrastructure and rising Covid cases results in rural India turning to quacks for help, Tales of horror: Covid-dedicated hospitals flout norms, Congress slams govt for arrests made over poster critical of PM Modi, Delhi: Meet 'Team Avengers' who come to the rescue for Covid-hit underprivileged families, homeless, Copyright © 2021 Living Media India Limited. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Bitcoin slides after Elon Musk tweets climate concerns, suspends Tesla payment acceptance: CNBC After Hours Published Thu, May 13 2021 6:26 PM EDT Pippa Stevens @PippaStevens13 Elon Musk finally embraces Bitcoin A tweet posted earlier today by Tesla CEO Elon Musk has been immortalized on the Bitcoin blockchain. Yet bitcoin climbed back above $44,000 after Musk said Tesla had not in fact sold its stake. Accessibility Statement |
After Musk's tweet, Bitcoin stock fell by almost $2,000, falling from $54,700 to roughly $52,600. "To clarify speculation, Tesla has not sold any Bitcoin," Musk said in a tweet. Musk had earlier said that he backed that concern, especially the use of coal, which has the "worst emissions" of any fuel. Musk replied to another critic who termed Musk’s recent criticism for bitcoin as the perfect troll. Tesla would retain its Bitcoin holdings with the plan to use the cryptocurrency as soon as mining transitions to more sustainable energy sources, Musk said. A series of verified Twitter accounts posted bitcoin spam targeting followers of Tesla CEO Elon Musk, according to a fraud tracker. Plus500. ET. Elon Musk has been a big cryptocurrency booster of late, even directing Tesla to buy $1.5 billion in Bitcoin for its corporate treasury earlier this year. On Monday, Musk clarified that Tesla has not sold any Bitcoin. Cryptocurrency expert George from Cryptosrus has described how the boss of Tesla could “get in trouble with the SEC” after all of his contradictory bitcoin talk on Twitter… On Monday, Tesla CEO Elon Musk replied to a tweet to “clarify speculation” saying that Tesla has not sold any Bitcoin. The Dow Jones Industrial Average dropped 175 points Monday, as Bitcoin plunged on a tweet from Tesla CEO Elon Musk. Yesterday, Tesla CEO and all-round tech celebrity Elon Musk made (another) surprise announcement. Crypto Market Down Today: Why is there a crypto crash? He later went on to delete that tweet. The value of Bitcoin dipped further after Tesla CEO Elon Musk gave a vague reply to a Tweet on Sunday. Tesla founder Elon Musk has been pushed down to third place in world’s richest ranking after shares in the carmaker tumbled. Sound "decentralized" to you?". 3 SpaceX founder Elon Musk addresses members of the media during a press conference Credit: AFP Earlier this month, Musk said that Tesla will no longer accept payment in bitcoin citing environmental reasons. On Monday, Bitcoin dipped nearly 8 percent to around $44,000 per coin which is roughly Rs 3.2 lakhs. The slide started on Wednesday when Musk tweeted a note saying that Tesla would stop accepting bitcoin as payment for its electric cars, saying the token's "insane" energy use was damaging to the climate. Tesla’s sharp turn on Bitcoin. Bitcoin plunged to its lowest level since February on Monday after Elon Musk suggested Tesla might sell, or had sold, its holdings, only to rebound somewhat when the billionaire clarified his electric car company still held its stake. Musk has asserted that he remained a strong believer in cryptocurrencies. All rights reserved. The tweet from Musk sent the price of bitcoin down more than 4% (and falling). With the amount of hate @elonmusk is getting, I wouldn't blame him". Replying to a tweet from @BTC_Archive, “Bitcoin is down 20% since @ElonMusk started shitposting. Elon Musk is at it again with the price of Bitcoin (CCC:BTC-USD) falling today after the Tesla (NASDAQ:TSLA) CEO made another statement about the cryptocurrency. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, Sign up here for our daily newsletter, 10 Things Before the Opening Bell, Bitcoin tumbles as low as $30,000 amid a broad crypto sell-off after China signals a crackdown », Microsoft is pulling the plug on Internet Explorer next year, but it will continue to support IE mode in its Edge web browser ». That was the lowest level since February 8 and 35% below the all-time high of close to $65,000 reached in April. Image via Twitter. "A single coal mine in Xinjiang flooded, almost killing miners, and Bitcoin hash rate dropped 35%. The tweet led some to believe Tesla had sold its bitcoin holdings, but early Monday morning, Musk tweeted, “To clarify speculation, Tesla has not sold any Bitcoin." A single coal mine in Xinjiang flooded, almost killing miners, and Bitcoin hash rate dropped 35%. When he tagged Bitcoin recently, this action by the chief of Tesla pushed Bitcoin from the $32,000 level to the $38,500 zone. Bitcoin and Tesla (NASDAQ:TSLA) both slumped in after-hours trading after a critical tweet by CEO Elon Musk. Associated Press Made In NYC |
The world's most-traded cryptocurrency plunged to $42,185 at one point on Monday morning, after Musk replied "Indeed" to a Twitter post that said: "Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings.". Bitcoin is seen by many as the most established of the cryptocurrencies. Elon Musk continued to whipsaw the price of Bitcoin, briefly sending it to the lowest since February after implying in a Twitter exchange Sunday that Tesla Inc. may sell or … For reprint rights: Syndications Today, Elon Musk's tweet causes Bitcoin value to dip further, Musk says Tesla did not sell Bitcoin, Crypto exchange Binance under investigation for facilitating illegal Bitcoin trades, Elon Musk Dogecoin interest is not new, he is in touch with developers since 2019, Bitcoin and Dogecoin are ruling the world but Indian investors being let down by trading platforms. 10,930 crores) of Bitcoin, before accepting it as payment for cars in March, driving a roughly 20 percent surge in the cryptocurrency. This was largely due to a tweet from Elon Musk, who revealed that Tesla would no longer support Bitcoin. Tesla CEO Elon Mus k sent crypto prices tumbling with a series of tweets last week—and dragged down the stock prices of crypto-exposed firms including MicroStrategy.. Just yesterday, a one-word tweet from Musk was enough to plunge the crypto market deep into the red. And you wonder why some people are mad?”, Musk replied saying, “To clarify speculation, Tesla has not sold any Bitcoin.”, To clarify speculation, Tesla has not sold any Bitcoin. 33 lakhs) on Sunday after a tweet by Tesla CEO Elon Musk, an outspoken supporter of cryptocurrency, Do Indians have enough savings to tackle the second wave? Bitcoin price drops by more than $3,000, Tesla shares decline about 1.3% in after-hours trading following announcement on Musk’s Twitter account Tesla CEO Elon Musk speaks in 2020. The whole crypto market has crashed after just one tweet from Elon Musk. DOGE has started moving upwards after Musk's tweet, reaching $0.0578. Stock quotes by finanzen.net. Per a tweet from Elon Musk today at 6pm, Tesla will no longer accept Bitcoin as payment for vehicle purchases. Musk replied with a vague "indeed" but did not specify if Tesla sold off its Bitcoin or if he simply agreed with the sentiment that he faced criticism. Bitcoin plunged to a low of $42,185 early on Monday, 35% below its record high, before rebounding after an Elon Musk tweet-storm. We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. A typically obtuse tweet from him today caused further unease The plunge came after the billionaire sent the bitcoin market into panic with a single tweet. In another tweet to the same thread he added, “Hey cryptocurrency “experts”, ever heard of PayPal? After declaring a break with Bitcoin earlier this week, Tesla founder Elon Musk has sent Dogecoin rallying with a single tweet, saying he’s working with its developers to refine the joke-inspired crypto. So no big deal then. Bitcoin has fallen sharply in recent days after Musk - previously one of its biggest cheerleaders - appeared to turn his back on the cryptocurrency. Commerce Policy |
In a Twitter statement, he wrote: "Tesla has suspended vehicle purchases using Bitcoin. Tesla shares fell 1.25 percent after hours. The price of Bitcoin traded below $45,000 (roughly Rs. An abrupt reversal from Elon Musk's previous acceptance of Bitcoin, he cited that Tesla is "concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel." Tesla and SpaceX CEO Elon Musk argued on Twitter today that Dogecoin (DOGE) can beat Bitcoin (BTC) “hands down,” with just one small condition—almost every DOGE’s fundamental aspect needs to change, effectively turning it into a different token altogether.. His suggestion on Sunday night that Tesla had sold, or might sell, its bitcoin stake, which it bought for $1.5 billion in January, caused panic among investors in the token. Click here for IndiaToday.in’s complete coverage of the coronavirus pandemic. "We are also looking at other cryptocurrencies that use. Tesla revealed in February it had bought $1.5 billion (roughly Rs. Musk’s latest announcement had a sizable impact on Bitcoin prizes: $365 billion were wiped off from the market because of the price drop of the cryptocurrency. The price of bitcoin is down more than 7% for the day, although some of that decrease occurred prior to Musk’s tweet: Tesla CEO Elon Musk clarified in a tweet early Monday that the electric vehicle maker "has not sold any Bitcoin." Bitcoin plunged to as low as $42,185 on Monday, down 35% from April's record high, before bouncing. Disclaimer |
The Coinbase field of block 668,197 contains the following words: "In retrospect, it was inevitable." The price tumbled after Elon Musk suggested Tesla may sell its holdings and trolled bitcoin fans. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). By the way, Musk has removed "Bitcoin" from his Twitter bio. Musk spent the weekend arguing with and trolling bitcoin fans on Twitter about its energy use and structural flaws. Tagging Elon Musk @PeterMcCormack on Twitter wrote that the “poorly informed criticism of #bicoin + support for Doge may be the perfect troll...or you might actually believe this (God I hope not).”, “Bitcoin is actually highly centralized, with supermajority controlled by a handful of big mining (aka hashing) companies. "Bitcoin is actually highly centralized, with supermajority controlled by handful of big mining (aka hashing) companies," he tweeted on Sunday night. The Easter egg was spotted by Glassnode CTO Rafael Schultze-Kraft. complete coverage of the coronavirus pandemic. Earlier this month, Musk rolled back Tesla’s decision to accept payment in bitcoin citing environmental reasons. "Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment," he had tweeted. On May 12, 2021, Elon Musk suspended the purchase of any Tesla vehicle using Bitcoin. Fighting rural pandemic with shortage of doctors and health centres. Musk's announcement shocked crypto fans and sparked a broader sell-off in cryptocurrencies including ether, dogecoin and XRP. Last week founder Elon Musk said the car maker would not accept payment in bitcoin. Bitcoin sank as low as $42,000 Monday morning before making a slight rebound. Bitcoin was pinned close to its lowest in additional than two months on Friday and headed for its worst week since February, whereas Dogecoin leapt by a fifth as tweets from Tesla boss Elon Musk despatched the 2 cryptocurrencies on a wild experience. But bitcoin then rebounded somewhat when Musk tweeted: "To clarify speculation, Tesla has not sold any Bitcoin." Bitcoin is created when high-powered computers compete against other machines to solve complex mathematical puzzles, an energy-intensive process that currently often relies on electricity generated with fossil fuels, particularly coal. The tweet said Tesla might dump rest of its Bitcoin holdings. “Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee … On Monday, Tesla CEO Elon Musk replied to a tweet to “clarify speculation” saying that Tesla has not sold any Bitcoin. The Dow Jones Industrial Average surged while the Nasdaq erased a temporary loss amid a broad up day for the market. “Working with Doge devs to improve system transaction efficiency.
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