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NEWS FLASH Tourist Places of Kashmir : Betaab Valley Also known as Switzerland of India JK coming up as golfing capital of the country : Sarmad Hafeez Dr. Jitendra Singh conducts extensive tour of Khonmoh, Srinagar Good Health and Development Go Hand in Hand : Mansukh Mandaviya Lt Governor hands over Individual and Community Forest Rights certificates to members of Tribal Communities of Jammu Division Former legislators call on Lt Governor, highlight issues of public importance Lt Governor, Manoj Sinha honours Tokyo Paralympics Participants J&K JA organizes training on “Personality Development, a Pursuit of Justice, Leadership role of a Judge as captain of ship in Trial Court” Promoting Paradise : Srinagar hosts Lions Club MICE event Roll Ball Association delegation calls on Advisor Farooq Khan DDC Chairperson Udhampur gives away motorised tricycles to specially abled persons Deputy Commissioner Udhampur, Indu Kanwal Chib listens to issues of local artisans at Panchayat Sansoo J&K Bank CMD meets PHDCCI delegation First ever coordination meeting held at District Court Complex Ganderbal Fit India Movement : DC Ramban flags off Patnitop Hill Marathon DC Ganderbal inspects progress on various School Education projects DDC Anantnag , Dr. Piyush Singla inaugurates inter-zonal tournaments Divisional Commissioner Kashmir, Pandurang Kondbara Pole for 100% vaccination of staff in govt, private offices Divisional Commissioner Kashmir, Pandurang Kondbara Pole conducts site visit of Srinagar riverfront project Divisional Commissioner Kashmir, Pandurang Kondbara Pole invokes Imams, Khateebs for CAB enforcement in Srinagar DC Kupwara, Imam Din visits fire victims at Nagri Malpora

 

Tesla applies brakes on Bitcoin for vehicle purchases

 Khas Khabar, Cryptocurrency, San Francisco, Tesla, Bitcoin

Web Admin

Web Admin

5 Dariya News

San Francisco , 13 May 2021

After less than two months of going bullish on Bitcoin, Tesla on Thursday applied brakes on the popular cryptocurrency as a payment mode to buy its electric vehicles, citing environmental harm.Musk said that the electric car maker will not sell any bitcoin and intends to use bitcoin for transactions as soon as mining moves to more sustainable energy."We are also looking at other cryptocurrencies that use <1 percent of bitcoin's energy/transaction," Musk said in a tweet.Bitcoin nosedived more than 11 per cent after the tweet and was trading at over $50,000.Tesla shares were also down more than 4 per cent.The company had only just started accepting Bitcoin in late March.Musk also said that Tesla will no longer sell any more of the $1.5 billion Bitcoins it purchased earlier this year.Tesla sold some of that bitcoin in the first quarter of 2021."Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment," Musk said in a statement.Musk who hosted the Saturday Night Live show on TV last weekend once again promoted Dogecoin which is fourth-largest cryptocurrency by market value.Amid the surge in Bitcoin and Ether cryptocurrencies, Dogecoin has surged more than 659 per cent this year.

 

Tags: Khas Khabar , Cryptocurrency , San Francisco , Tesla , Bitcoin

 

 

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