Bitcoin plummets after Elon Musk stops taking crypto payments for Tesla

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19 November 2024, 22:29

TODAY

21:32
Salome Zourabichvili appeals to the Constitutional Court

19:30
Public Defender’s representatives visited 14 citizens placed in temporary isolation cells and 2 citizens hospitalized

17:40
Ultimately, the EU will, perhaps reluctantly, have to engage with the Georgian Dream government - Rikard Jozwiak

17:19
122th IPRM meeting was held in Ergneti
17:17
Opposition to introduce the action plan to the public at 19:00

16:58
The so-called parliament of the occupied Abkhazia supported the resignation of Aslan Bzhania

16:05
Peskov says Ukraine’s use of Western rockets could prompt nuclear response

15:21
Unemployment rate is historically low in third quarter - GeoStat
15:09
Tbilisi City Court is considering a lawsuit from one NGO and three opposition parties

13:56
Number of employees reached all-time high in Q3 - Vakhtang Tsintsadze

13:16
IPRM meeting is underway in Ergneti

13:07
Impeding journalistic activities is unacceptable - Mamuka Mdinaradze
12:33
Zourabichvili is trying to somehow maintain her position - Kaladze

11:55
16 people detained during the rally on Chavchavadze and Melikishvili avenues - MIA

11:42
Public Defender calls on the MIA to ensure the freedom of peaceful assembly of protest participants and not to hinder journalists from carrying out their activities - Ombudsman representatives will visit detained citizens

11:03
Hezbollah launches attack drones at Tel Aviv military targets
09:38
Georgia’s national football team will face today Czechia

09:27
De-facto leader of Abkhazia, Aslan Bzhania steps down

09:26
More people are needed to continue the protest - Giorgi Vashadze appeals to supporters

08:44
Several protest participants physically assaulted patrol police officers - law enforcement officers detained them
08:23
Tensions rise on Melikishvili Avenue

07:46
After the MIA statement was released, law enforcement officers began removing tents and vehicles blocking the road from the area around Chavchavadze Avenue and Varaziskhevi
18 November

21:19
24-hour non-stop protest will continue for another 24 hours - decision was made by the opposition after the President’s briefing

20:40
Maintaining the political configuration that existed before October 26, with the existing parliament, government and president - President

17:27
The time of radicalism in the country has passed - Kaladze

17:12
Inferno rips through Russian hospital as patients leap from windows
15:06
Donald Trump Jr accuses Joe Biden of trying to start WWIII after “allowing Ukraine to fire US rockets inside Russia”

14:56
Special Investigation Service exposed a person to the fact of unauthorised eavesdropping

14:15
More than EUR 100 million will be frozen and instead of going to the Georgian authorities, it will be used for civil society organizations - Borrell

13:23
97 modern metro carriages to be purchased for Tbilisi - Kaladze
12:48
CEC appeals to international organizations and diplomatic corps over November 16 meeting incident

12:05
Tbilisi City Hall releases information regarding the traffic restriction due to the tents arrangement near the TSU, blocking of the road

12:00
A super typhoon has made second landfall on the Philippines" main island of Luzon

11:52
On November 25, new composition of the Government, the Government program will be presented to the Parliament - Kobakhidze
11:36
Radical opposition appealed to Brussels, this is Sergo Orjonikidze’s message at the turn of the century, but not to Moscow, but in this case to Brussels - Irakli Kobakhidze

11:29
Ministry of Culture and Sports to be divided - who will lead the two agencies

11:21
The state of the opposition is so dire that we would probably feel sorry for them if we did not know that we are dealing with an evil force here – Prime Minister

11:13
We won by over 890,000 votes against the 2nd-place party and by more than 325,000 votes against the entire radical opposition combined - Prime Minister
11:04
Four opposition unions send a letter to the ministers of foreign affairs of the European Union, demand that the EU suspend relations with Georgia at all levels

10:23
Biden allows Ukraine to use US arms to strike inside Russia

09:30
Protest rally in occupied Abkhazia - the situation is still tense

07:47
Participants of the rally in front of the TSU spent the night in tents

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Bitcoin plummets after Elon Musk stops taking crypto payments for Tesla

13-05-2021 14:42

Bitcoin tumbled some 15 percent on news that Elon Musk will no longer take the cryptocurrency for Tesla payments due to environmental concerns, CNBC and other news outlets reported.

The entire cryptocurrency market lost more than USD 365 billion after the Tesla CEO tweeted that the electric vehicle maker will no longer take bitcoin for car payments due to concern over fossil fuels.

“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”, - Musk tweeted.

“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”, - per the tweet.

Before Musk’s announcement, the cryptocurrency market had a valuation of USD 2.43 trillion, according to data from Coinmarketcap.com. Less than three hours after Musk’s announcement, that value dropped to approximately USD 2.06 trillion.

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