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Crypto News - Bitcoin Price [BTC] Going Downhill After Musk Tweet? - Bitcoin News https://www.youtube.com/watch?v=VoYrJ7k94Lk A number of cryptocurrency rates dropped after Elon Musk recommended Tesla might have sold a few of its bitcoin holdings. The electrical automobile maker's CEO implied Sunday afternoon that Tesla might offer the rest of its bitcoin holdings, sending its price lower. Quickly after the comments, bitcoin's price was trading at $42,241.44 at 12:07 a.m. ET on Monday, according to Binanco.com. The user @CryptoWhale mentioned, "Bitcoiners will get blindsided next quarter when they see Tesla disposed of the rest of its holdings. If Elon Musk is getting the sort of hate he is, then I wouldn't blame him ...". " Indeed," Musk responded. Tesla quit working to respond to an ask for remark following Musk's statement that it prepared to keep bitcoin instead of sell it. Throughout the past year, Musk has actually been a strong supporter of cr...

Crypto News - Elon Musk Working With Dogecoin To Improve Transaction Speed - Bitcoin News https://www.youtube.com/watch?v=IGLcknbyGHM Dogecoin and Elon Musk Work Together to Improve Transactions. Elon Musk revealed on May 13, that he is currently dealing with Dogecoin designers to make DOGE payments more effective and easy. Immediately after Elon divulged the news, the Dogecoin price skyrocketed by over 14%. Keep in mind that Dogecoin began as a spirited joke with no technological attributes. While Elon has been sharing a number of DOGE-related tweets this year, no definitive conclusions were drawn. The altcoin's price has increased considerably in reaction to Elon's DOGE statements. When Elon called it a hustle, when he appeared on Saturday Night Live in the beginning of May. Both Dogecoin and Bitcoin (BTC) costs, have actually been affected by Elon's tweets and announcements these days. The crypto community thinks that Elon's actions could be developed to manipulate t...

Crypto News - Tesla Makes More From Trading Bitcoin Than Selling Cars - Bitcoin News https://www.youtube.com/watch?v=Qt0hGpoL6xQ Tesla Makes More From Bitcoin Than It Does From Selling Automobiles Electric car producer Tesla made more from trading Bitcoin than it did from selling its own automobiles in the very first quarter of 2021, according to the Wall Street Journal. The news follows Tesla launched its first-quarter outcomes on Monday. Although the company's profits of $10.4 billion and adjusted earnings of 93 cents a share beat Wall Street expectations, the business's windfall profits have actually been partially credited to its sale of the cryptocurrency, Entrepreneur reports. Tesla supposedly sold a part of the around $1.5 billion worth of Bitcoin that it acquired in February, adding $101 million to its net income. As the Journal points out, that accounted for about a fourth of the business's earnings-- around $438 million-- in the first quarter. In addition, the bus...

Crypto News - Elon Musk and Jack Dorsey says "Bitcoin is Green" - Bitcoin News https://www.youtube.com/watch?v=HADtHjc4iwk Elon Musk and Jack Dorsey agree on bitcoin's green credentials Tesla primary Elon Musk has actually agreed with Twitter boss Jack Dorsey, who has said that bitcoin "incentivises" renewable resource, in spite of specialists warning otherwise. The cyrptocurrency's carbon footprint is as big of a few of the world's most significant cities, research studies recommend. Mr Dorsey claims that could alter if bitcoin miners worked together with eco-friendly energy firms. One specialist stated it was a "cynical attempt to greenwash" bitcoin. Bitcoin could thwart China's environment change targets. Crypto trader Coinbase worth more than oil company BP. China, where more than two-thirds of power is from coal, represent more than 75% of bitcoin mining around the world. The mining procedure to produce brand-new bitcoin includes fixin...