Tesla may reintroduce cryptocurrency as a payment method
Tesla may resume taking cryptocurrency payments, according to its third quarterly report filed with the Securities and Exchange Commission. According to the report, Tesla spent $1.5 billion on BTC in the nine months ending September 30. It accepted Bitcoin as payment for sales of some items in certain locations until the end of March, but […]
Bitcoin Market: Tops $50,000 for First Time Since May
For the first time in more than three months, bitcoin returned to $50,000 . On Sunday evening, bitcoin rebounded to the $50,000 level, a significant price level as the crypto market continues to recover from its spring crisis and subsequent summer slump. The market capitalization of the world’s largest cryptocurrency has now reached $50,000. According […]
“I do own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin,” Says Elon Musk
Elon Musk made these remarks during a pro-Bitcoin conference called ‘The B Word. Elon Musk , speaking at an online conference called ‘The B Word,’ revealed that his aerospace technology company SpaceX had made an investment in the cryptocurrency Bitcoin. “I do own Bitcoin, Tesla owns Bitcoin, SpaceX owns Bitcoin,” he said, revealing that he […]
A Californian man may go to jail After buying crypto and Tesla with PPP Money
Lebnitz Tran, a Californian has been charged with fraud after it was discovered that he used taxpayers money to invest in cryptocurrency. According to The Mercury News, the US Department of Justice has accused a California man with nine charges of wire fraud and bank fraud after he reportedly used taxpayer-backed loans to purchase cryptocurrency. […]
Tesla’s $1.5 Billion Investment May Suffer A Setback Due to Elon Musk’s Bitcoin Bet
Tesla may have to write off a portion of its assets as a result of the Bitcoin market’s poor performance this quarter. Tesla invested a massive $1.5 billion in Bitcoin in February of this year, according to reports. According to CNBC, that investment could come back to bite them as a result of the recent […]