The crypto markets are reeling after Tesla CEO Elon Musk announced the car giant will no longer accept Bitcoin for purchases. Musk cites concerns over Bitcoin’s use of energy as the reason for the sudden change. “Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin […]

The post Elon Musk Says Other Crypto Assets Under Consideration After Tesla Stops Accepting Bitcoin for Purchases appeared first on The Daily Hodl.

Elon Musk revealed that Tesla will halt all BTC transactions due to environmental concerns, with the firm set to look at more energy-efficient cryptocurrencies.

Upon announcing its decision to drop Bitcoin payments citing environmental concerns, Elon Musk’s Tesla said that it is open to considering other cryptocurrencies that use less than 1% of the Bitcoin energy. The company specifically mentioned: ” We are also looking at other cryptocurrencies that use less than 1% of Bitcoin’s energy/transaction”. Interestingly, the company’s

The post After Dropping Bitcoin Payments, Tesla Says It’s Open to Other Cryptocurrencies, Maybe DOGE? appeared first on Coingape.

Ethereum Classic (ETC) is one of the oldest cryptocurrencies that still has maintained its place among the top altcoins as it has reached a market cap of over $10 billion and trades with a price of over $100. It was created as a result of a split in the developer and user community just like […]

Israel is the latest country to join the increasingly competitive CBDC race. Israel Plans to Launch Digital Shekel According to a report by Ledger Insights on May 12, the Bank of Israel recently released a working paper on a central bank digital currency (CBDC) that is intended as a basis for discussion and feedback. Notably,Read More

BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.

The post What Changed in Crypto Markets While You Were Sleeping — May 12 appeared first on BeInCrypto.

The answer is a simple one — the Techno King of Tesla has a history of influencing crypto markets whenever he tweets about...

Over $1.74 billion worth of cryptocurrencies were ‘liquidated’ yesterday as the market saw a deep pullback, data from multiple sources shows.

The post $1.7 billion liquidated as crypto markets dumps after ‘petcoin’ frenzy appeared first on CryptoSlate.

BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.

The post What Changed in Crypto Markets While You Were Sleeping — May 11 appeared first on BeInCrypto.

When we think about the ongoing legal battle between the SEC and Ripple, the two parties have gone back and forth on why XRP is a security and not (according to Ripple Labs). This doesn't seem to a c

The post Not just XRP, but 'a lot of crypto tokens are securities' appeared first on AMBCrypto.

Swiss banking giant UBS Group AG is exploring various ways to offer its wealthy clients the possibility of investing in digital assets, anonymous sources claim. A new report from BNN Bloomberg suggests that investment opportunities in cryptocurrencies will remain limited to “a very small portion of the clients’ total wealth” due to concerns over the volatility of […]

Read full post Swiss banking giant UBS is reportedly planning to offer crypto services to its rich clients. on Chaintimes.com.

Last Friday (May 7), Gary Gensler, the recently appointed Chair of the U.S. Securities and Exchange Commission (SEC), talked during an interview with CNBC about the need for “greater investor protection” in the crypto markets. According to a press release by the U.S. SEC, Gensler was “nominated to Chair the SEC by President Joseph R. […]