Thursday, October 21, 2021
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Tesla

Tesla temporarily suspends Bitcoin purchases due to carbon energy use

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Tesla’s outspoken CEO – or Technoking – Elon Musk has announced the EV carmaker has “suspended vehicle purchases using Bitcoin”. It comes barely more than three months after Tesla purchased $1.5 billion US in Bitcoin as a digital asset on Feb 8, 2021. The decision to withdraw the world’s most well-known cryptocurrency from the ways […]
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cryptocurrency

Tesla buys $1.5 billion in Bitcoin, will sell cars for...

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On Monday, Tesla announced a purchase of around $1.5 billion USD in Bitcoin, the world’s most well-known cryptocurrency. A filing with the Securities and Exchange Commission detailed the purchase with the intent of “more flexibility to further diversify and maximize returns on our cash”. Along with the massive investment in the decentralized currency, Tesla intends to accept […]
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automotive industry

Three Trends that Will Continue to Shape the Future of...

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Have you ever felt that the automotive industry is changing before your eyes? Things that were only a concept ten years ago are becoming commonplace today. This situation can be good and bad. We as humans are creatures of habit, and it can be downright unsettling to prepare for possible disruptions or innovations (even if […]
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bitcoin

Do Cryptocurrencies Like Bitcoin Belong in Your Dealership?

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Unless you’ve been hiding under a rock for the last several years, you are familiar with Bitcoin and the excitement surrounding blockchain technology. Also known as cryptocurrency, these electronic currencies are becoming more popular as a means of payment. The tricky thing with Bitcoin and other cryptocurrencies is that they lie somewhere on the fringes […]
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