The latest crypto news today: Bitcoin value dropped recently after Tesla suspends payments with Bitcoin.
Bitcoin, a crypto currency which was invented in 2008 by the Satoshi Nakamoto and useful from 2009, has taken over the crypto world as the most popular crypto currency.
The latest crypto news today is on the sudden drop which Bitcoin Value aud experienced, recently.
Latest crypto news today: Tesla suspends using of Bitcoin!
On Thursday precisely, the CEO of Tesla, Elon Musk, posted in a tweet that the electric vehicle producer will suspend the purchase of cars with the use of Bitcoin.
Latest Crypto news today on the coinmarketcap.com at about 10:44am in the Nigerian time, shows that Bitcoin value aud dropped extensively in the past 24 hours.
This can be traced back to the suspension of Bitcoin as a payment currency by the electric car maker, Tesla.
Elon Musk said in his tweet:
“Tesla has suspended vehicle purchases using Bitcoin. 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.”
“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.
“Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy/transaction."
Is the fate of Bitcoin value aud and the many fateful predictions dependent on Tesla’s company?
Well, what do you think should be done to get the world most popular crypto currency back to its attained position and ahead?
Meanwhile, the latest crypto news today is on the fall of Bitcoin value aud which is a huge slump for Bitcoin!
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Joseph Edem Bassey is a simple writer, blogger, minister and journalist of the people and for the people. He loves to help people positively while pursuing positivity.
He has been in the blogging business for over a year and still counting. Hoping to take over the internet with positive, helpful knowledge in every aspect as possible.