Bitcoin’s second-quarter price battering has pundits speculating that Tesla may have to report a loss of up to $100 million for Q2.With the price of Bitcoin recently dropping to revisit levels last seen in January, CNBC business analyst Kate Rooney asserted on July 6 that Tesla may face an “impairment charge” — requiring it to report the drawdown in a disclosure to the U.S. … [Read more...] about Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2
Tesla
Elon Musk lays out when Tesla will begin accepting Bitcoin payments
Tesla CEO Elon Musk said his electric-vehicle company will start accepting Bitcoin (BTC) payments once there’s confirmation that miners are utilizing clean energy, offering a glimmer of hope that the FUD surrounding digital assets could soon subside. Musk responded to a Cointelegraph tweet about recent accusations from Sygnia CEO Magda Wierzycka, who called on the United States … [Read more...] about Elon Musk lays out when Tesla will begin accepting Bitcoin payments
Bitcoin Jumps 12% to Eye $40K on Positive Tesla and Taproot News
BTC price reached a high of $39,847 on Coinbase. Bitcoin price has jumped over 12% to hit a two-week high of $39,847 on US-based crypto exchange Coinbase. The cryptocurrency’s upside towards the recently elusive $40,000 comes as the market continues to react positively to news. Buyers are looking to hold the gains above support as shown in morning deals on Monday. Bitcoin … [Read more...] about Bitcoin Jumps 12% to Eye $40K on Positive Tesla and Taproot News
Elon Musk says Tesla will resume Bitcoin acceptance if majority of miners go ‘green’
Elon Musk, the CEO of electric carmaker Tesla, said today the company will reaccept Bitcoin payments for its cars provided the majority of miners use renewable sources to run their farms.“When there’s confirmation of reasonable (~50%) clean energy usage by miners with a positive future trend, Tesla will resume allowing Bitcoin transactions,” said Musk in a tweet.The firm … [Read more...] about Elon Musk says Tesla will resume Bitcoin acceptance if majority of miners go ‘green’
25% of Bitcoin Users Have Fled Since Tesla Stopped Accepting BTC
According to Timothy Peterson, 25% of Bitcoin users have fled the network since Tesla stopped accepting BTC for car paymentsElon’s tweet making the announcement has changed Bitcoin’s fundamentalsBitcoin’s network size is down 45% from its peak value in mid-AprilBitcoin is staring at a death cross on the daily chartBitcoin and Crypto analyst, Timothy Peterson of Cane Island … [Read more...] about 25% of Bitcoin Users Have Fled Since Tesla Stopped Accepting BTC