Thursday, 8th December 2022
<To guardian.ng
Search

Has Bitcoin lost one of its biggest supporters?

By France24
13 May 2021   |   1:24 pm
The electric carmaker Tesla, run by Elon Musk, has stopped accepting payments in Bitcoin, due to the environmental impact of the cryptocurrency. It's a major blow for supporters of Bitcoin, as Tesla's endorsement of it as a payment method in February was one of the factors which pushed its price to record highs. The price of Bitcoin slumped up to 11 percent in the hours after the announcement. Also today, Germany's financial regulator orders extra supervision of the online bank N26.

Related

28 Jun 2021
Croatia fans far outnumbered Spain supporters as they gathered in a sunny Copenhagen ahead of their Euro 2020 last-16 match later on Monday.
23 Jul 2021
Malaysian police have hit on a novel way to dispose of more than 1,000 bitcoin-mining machines seized in raids -- crushing the devices using a steamroller. Authorities on Borneo island discovered the machines, worth an estimated 5.3 million ringgit ($1.25 million), in crackdowns between February and April, and say they were powered using stolen electricity.
4 Aug 2021
President Jair Bolsonaro claims that electronic voting allows fraud, casting doubt on the 2022 presidential election. Thousands marched in cities to show support, though he remains unpopular in opinion polls.
16 Aug 2021
Twitter founder Jack Dorsey has claimed that Bitcoin will "unite the world".
11 Sep 2021
El Salvador has become the first country in the world to make Bitcoin legal tender, despite surveys showing widespread scepticism about the move. The government has invested more than $20 million in the cryptocurrency in recent days, saying it will open up access to banking for many Salvadorans. Bitcoin will be accepted for payments in parallel with the US dollar. Also today, millions of Americans have lost their unemployment benefits as several pandemic-era welfare programmes have expired.
11 Sep 2021
The value of Bitcoin has plunged by more than 10 percent after El Salvador on Tuesday became the first country in the world to accept the cryptocurrency as legal tender. The launch was marred by protests and technical difficulties with the digital wallet app, which had to be taken offline for several hours. Also today, we report on tourism businesses in the southwest of France that have benefitted from the recent spell of good weather, which has prolonged their summer season.
8 Sep 2021
El Salvador has become the first country in the world to adopt bitcoin as legal tender. The government says the cryptocurrency will save people money, but many residents are skeptical.
8 Sep 2021
The protesters are showing support for the embattled Brazilian leader, who is feuding with the Supreme Court. Counterdemonstrations are also expected.
10 Sep 2021
On 7 September 2021, El Salvador became the first country to embrace bitcoin as legal tender. Consumer demand saw its brand-new cyber wallet system crash on its first day of use as the currency's value seesawed against the US dollar. While thousands of Salvadorans are already using the cryptocurrency for everyday transactions, hundreds have taken to the streets to protest with concerns about the safety and legitimacy of the cyber currency.
16 Oct 2021
Thousands of Salvadorans march in San Salvador against the use of bitcoin in the economy and against a decree that ordered the dismissal of a third of the nation’s judges.
11 Oct 2021
Andre Marinho supported and helped Brazil's President Jair Bolsonaro in 2018 by putting his talent at the service of his electoral campaign. But now, the regretful actor hopes to "detoxify" Bolsonaro supporters with his impersonations and "wear down" support for the far-right leader.
18 Oct 2021
In the quiet Texas town of Rockdale, North America's largest bitcoin mine is part of an already bustling US business now boosted by Beijing's intensified crypto crackdown that has pushed the industry west.