Elon [Musk] announces the resumption of Bitcoin payments

Elon Musk announces the resumption of Bitcoin payments

Tesla CEO Elon Musk tweeted that the electronics maker will resume bitcoin payments when the use of bitcoin's cryptocurrency clean energy reaches 50 percent.

"Once the reasonable use (50%) of clean energy is confirmed by miners with a positive future trend, Tesla will stop trading bitcoins."

In addition, he denied the Bitcoin pump and dump mask, calling the allegations recently made by Sygnia CEO Magda Wierzycka "false."

The multi-billionaire reaffirmed that Tesla sold only 10 percent of its assets in late April to test the liquidity of the cryptocurrency without changing its price.

Tesla suspended bitcoin payments on May 12 due to the unfavorable environmental effects of the mining, causing severe market improvements.

According to Ark Investments, more than 70 percent of bitcoin miners are currently powered by renewable energy, but estimates can vary widely.

Continued crackdown on China's cryptocurrency industry is expected to accelerate the transfer of bitcoin to green power.

SpaceX sends DOGE-1 to the moon in 2022 Monday, May 10

SpaceX sends DOGE-1 to the moon in 2022   Monday, May 10

SpaceX is scheduled to launch DOGE-1 to the moon in 2022.

According to a press release, Geometric Energy Corporation (GEC) made history by launching Dogecoin into Ilan Mask's SpaceX project to launch its moon cargo.

As part of the mission, GEC CubeSat, a 40kg satellite for space exploration, will share a business with the Falcon 9 SpaceX rocket.

Tom Ochinero, SpaceX's vice president of commercial sales, says the deal will lay the groundwork for interplanetary commerce:

"This mission demonstrates the use of cryptocurrency beyond Earth orbit and will establish interplanetary commerce."

On April 1, Musk tweeted about Dogecoin on the moon, but many thought it was an April Fool's joke. But as it turned out, this billionaire was not joking.

Ethereum transaction fees skyrocket as the price of the Shiba Inu token rises

Ethereum transaction fees skyrocket as the price of the Shiba Inu token rises

The price of the Shiba Inu (SHIB) token, which was created to compete with the Dogecoin, has risen 32,500 percent over the past 30 days, causing the Ethereum blockchain network to become crowded and commissions to rise.

According to Etherscan, the average Ethereum transaction fee at the time of writing is $ 9, and the average cost of transferring ERC-20 tokens is $ 28. Meanwhile, the token exchange fee at Uniswap Decentralized Exchange rose to around $ 260 in an instant yesterday.

"One of the main factors in the congestion of the Ethereum network could be the large volume of SHIB trade," said Larry Cermak, a digital currency analyst.

In fact, SHIB has become the center of attention of traders due to its price.
According to CoinMarketCap, the price of this token has increased by more than 500% during the last day and reached the highest figure of $ 0.0000195.
It is noteworthy that this token was traded more than a month ago at a price of $ 0.00000006.

It is not entirely clear what can accelerate the sudden and explosive growth of SHIB. Some users have referred to a recent tweet from Ilan Musk, CEO of Tesla and SpaceX, that his remarks have led to Dogecoin rising in price on several occasions in the past.

Mask responds to a tweet about real live dogs on May 7: "I'm looking for a SHIBA puppy!"

Ilan Mask posted another tweet about digital currencies Saturday, April 24

Ilan Mask posted another tweet about digital currencies Saturday, April 24

The CEO of Tesla and SpaceX has released another mysterious tweet about digital currencies. He did not talk about Dogecoin and Bitcoin this time, but in his tweet he asked which coin the future will hoodle.

The digital currency community, predictably, began to answer this question with the terms "Dogecoin" and "Bitcoin".

 Tesla CEO's tweets as a Dogecoin fan have been good for Dogecoin in the short term, pushing the digital currency to a high of $ 0.44 last week.

On April 19, the Dogecoin traded at $ 0.44 but has so far reached the $ 0.28 mark, proving that the Dogecoin is a highly volatile asset that can be tweeted from an influential person like Ilan Mask. Swing easily.

Bitcoin climbed above $ 40,000

Bitcoin climbed above $ 40,000

Tesla wants to use bitcoin in its payments. The company has bought $ 1.5 billion worth of bitcoins and wants to accept bitcoin as the currency to buy the company's products in the near future. Bitcoin rose above $ 40,000 in response to this news.