Thursday, May 13, 2021

Elon Musk: Tesla will no longer accept bitcoin over climate concerns

 "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," Mr Musk wrote.

"Cryptocurrency is a good idea... but this cannot come at great cost to the environment."

Bitcoin fell by more than 10% after the tweet, while Tesla shares also dipped.

Continue Reading https://www.bbc.com/news/business-57096305