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.

The [Dogecoin] whale has purchased a meager 420.69 units

The Dogecoin whale has purchased a meager 420.69 units

Anyone holding the largest Dogecoin bag seems to have a sense of Meem coin humor. They bought a very small amount of Dogecoin yesterday, referring to the famous Mimi culture.

Blockchain data show that the Dogecoin , which has 36.7 billion Dogecoin units (apparently purchased in the declining market in 2019), bought another 420.69 Dogecoin on Thursday.

This purchase was made for a small amount of $ 165. But these two numbers are deeply known in Meem culture: "420" refers to cannabis or the practice of cannabis, while "69" refers to the popular (or unusual) position of adultery.

No one knows the exact identity of this "whale" that now has $ 15 billion Dogecoin .

That's almost 30% of Dogecoin's $ 51 billion market value at the time of writing. Dogecoin hit a high of $ 0.73 early last month.

It could be an individual, a group of people, a digital currency exchange wallet, or a trading company, because the "whale" has never been released to the public. Some say it is unlikely that it is an exchange wallet, as such wallets have both inflows and outflows (the $ 15 billion wallet has rarely moved Dogecoin since its inception).

However, two characteristics have been identified in this whale: 1. It is very rich (which can bring millions of dollars into a behavior pattern asset) and 2. It is very interested in meme coins.

In light of the above, some users on the Reddit online community have mentioned one person: Tesla CEO Ilan Mask. He has both money and seems to love the Meem coins, and has been a staunch supporter of Dogecoins over the past year.