May 15, 2021

Today's Bitcoin Headlines

Is Musk Responsible for Bitcoin Plunge? Elon Musk says Tesla will no longer accept bitcoin due to fossil fuel use.

Tesla has suspended customers' use of bitcoin to purchase its vehicles, Elon Musk said on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining.


Official Remittance Inflows to Zimbabwe Surged to $1 Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels

Cross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019.


Elon Musk Announces Tesla Has Suspended Accepting Bitcoin Citing Environmental Issues

Tesla CEO Elon Musk announced on Twitter Wednesday that his electric car company has suspended accepting bitcoin for vehicle purchases.


Moneygram Lets Customers Buy and Sell Bitcoin With Cash at 12,000 Locations

Moneygram will start letting customers buy and sell bitcoin at 12,000 locations, thanks to a partnership with Coinme.


Need To Cool Off? The Original Chilly Ice Towel Is Portable, Affordable, & Reusable.

Palantir to Accept Bitcoin for Services, Considers Keeping BTC on Its Balance Sheet

Palantir Technologies, the Peter Thiel-backed, American software company specializing in big data analytics, announced Tuesday that company plans to accept bitcoin for services.


Analyst Warns of Broad Correction in the Cryptocurrency Market

Vanda Research published a report Monday warning of a broad correction in the cryptocurrency market.


Why Bitcoin Should Be Priced in Sats (and Why It Has a Divisibility Dilemma)

Exchanges should consider quoting bitcoin's price in sats to get more buyers. But are there enough to make bitcoin a global savings vehicle?


Bitcoin bulls on social media reject Musks reasoning for halting crypto-based car sales

Staunch supporters of bitcoin on Wednesday night were questioning Elon Musk's crypto bona fides after the CEO of Tesla Inc. said that the company would halt its experiment of selling its electric vehicles using bitcoin due to "rapidly increasing use of fossil fuels" mining the digital asset.


Why Bitcoin May be Nowhere Near The Top This Year

Despite bitcoin's (BTC) meteoric rise of over 550% this year, on-chain analysis paints a picture that it's still early in the game. Why? Three words: Coin Days Destroyed (CDD).


Editor

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