Tesla Suspends Bitcoin Purchases Over Environmental Impact, Causing Coin’s Value To Crash 20%

Tesla CEO Elon Musk said Wednesday that his electric vehicle company would be ceasing all Bitcoin sales effective immediately, even though it just started using the cryptocurrency in March. The announcement prompted a massive sell-off of Bitcoin, which plunged almost 20% on Wednesday. In his statement, Musk said, “We are concerned about rapidly increasing use … Continue reading Tesla Suspends Bitcoin Purchases Over Environmental Impact, Causing Coin’s Value To Crash 20%