Recently, electric vehicle company Tesla announced plans to suspend Bitcoin as a means of payment. The decision represented a sudden reversal, as the firm initially decided to accept the cryptocurrency less than two months earlier.

Tesla Cites Environmental Concerns
Musk’s announcement indicated that Tesla chose to suspend payments due to the fact that Bitcoin mining consumes large amounts of energy.

“We are concerned about rapidly increasing use of fossil fuels for transactions,” Musk’s statement read. “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.”
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Category: News | Views: 212 | Added by: danyagames2007 | Date: 30.05.2021 | Comments (0)

The cryptocurrency industry has had many skeptics who doubted its utility at first and have had a change of heart over the past years. These include individual renowned figures to large-cap institutions. The same was the topic of discussion at a recent TD Ameritrade Network interview with Shark Tank’s Kevin O’Leary.

Kevin O’Leary, the Shark Tank co-host, better known as “Mr. Wonderful” gave his opinion on the bitcoin ecosysytem. In a 2019 CNBC interview, the reality television star proclaimed bitcoin as “garbage.” He further added- “It’s a useless currency,” and called it a “worthless” digital gamble.

Of course, he changed his mind about the digital asse ... Read more »

Views: 137 | Added by: danyagames2007 | Date: 30.05.2021 | Comments (0)