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Why Tesla stoped accepting BITCOIN? Elon Musk's tweets can be devastating. They have the ability to reshape markets, because of his staunch following. Now, the Tesla supremo has tweeted that Tesla will stop accepting Bitcoin payments because of its environmental impact.  This also comes at a time when Musk himself is promoting cryptocurrencies like Dogecoin and has even set out a Twitter poll asking users if they are open to Tesla accepting the currency.  The controversial move comes as Musk has been promoting Dogecoin, acting as a catalyst behind its rise and also has announced a rideshare mission to the Moon via SpaceX funded by Dogecoin.  There is further criticism of the move because most EVs are still sourcing their electricity from fossil fuels as most homes are powered by the grid. Tesla however has said that its supercharger network will go fully renewable in 2021.  Cryptocurrencies like bitcoin are very power-intensive as crypto mining involves having racks ...

Why Musk Shifted to DOGECOIN? While Dogecoin’s size is nowhere near Bitcoin, the ‘joke’ currency’s market cap has been catapulted from over $1 billion during early January to $47 billion on Saturday. What started as a satirical alternative to Bitcoin, cryptocurrency Dogecoin has been on fire of late following multiple cryptic tweets by Tesla and SpaceX CEO Elon Musk in the past few weeks indicating his support to the most trending altcoin. The latest one was on Thursday that pushed Dogecoin’s price up by 200 per cent from $0.13 to $0.39 on Saturday. Musk retitled a 1926 ‘Dog Barking at the Moon’ painting by Spanish artist Joan Miro to ‘Doge’ Barking at the Moon. On April 18 morning, Musk tweeted an image of a dust storm with a Shiba Inu dog face as ‘dogecoin standard’ blowing over the ‘global financial system’. Musk called it ‘inevitable’. While Dogecoin’s size is nowhere near Bitcoin, the ‘joke’ currency’s market cap has been catapulted from over $1 billion during early January to $47...