Bitcoin Plummeted $8000 After Elon Musk’s Concerns Over Rally
On Monday Bitcoin plummeted $8000 following Elon Musk’s concerns over the rally. His tweet succeeded in oscillating the prices of cryptocurrency; however, this time it was not the Dogecoin. The previous week, Musk’s tweet helped Bitcoin reach an all-time high of $58,332.36. But, his tweet this weekend resulted in the drop of crypto by $8000 […]
There’s a vigorous debate underway about the environmental impact of Bitcoin, featuring strong opinions from critics and defenders of cryptocurrency mining and its energy use. We’ve seen this debate before, and we know how it probably ends. The data center industry faced similar critiques in 2010-11, when its use of…
A single tweet in May 2021 brought unprecedented public attention to a relatively unknown issue. Tesla CEO Elon Musk tweeted that because of the large energy consumption associated with the use of Bitcoin, Tesla would no longer accept it as currency. Instead, Tesla would favor other cryptocurrencies that use less…