The price of Bitcoin traded below $45,000 on Sunday after a tweet by Tesla CEO Elon Musk, an outspoken supporter of cryptocurrency, suggested Tesla may be considering or may have sold off its bitcoin holdings.
Musk’s tweet was in response to an unverified Twitter account called @CryptoWhale, which said, “Bitcoiners are going to slap themselves next quarter when they find out Tesla dumped the rest of their #Bitcoin holdings. With the amount of hate @elonmusk is getting, I wouldn’t blame him…”.
Musk replied “indeed” without specifying whether Tesla had sold off its bitcoin holdings or that he simply agreed with the sentiment that he faced criticism.
On May 12, Musk said Tesla will no longer accept bitcoin for car purchases, citing long-brewing environmental concerns for a swift reversal in the company’s position on the cryptocurrency. read more
The Tesla boss’ tweets, which had helped drive some of the gains in bitcoin in recent months, last week triggered a 17% slide in the value of the cryptocurrency when he said his company’s customers would no longer be able to use bitcoin to buy its cars.
The Lawmaker representing Borno South in the Senate, Ali Ndume, has shared a video of…
The Supreme Council for Shari’ah in Nigeria (Oyo branch), on Tuesday, announced the indefinite postponement…
Simi Oluwaseyi, the sister of Queen Naomi, an estranged wife of Ooni of Ife, has…
President Nana Addo Dankwa Akufo-Addo has granted approval for visa-free entry to Ghana for all…
Former Kaduna Central Senator, Shehu Sani, has criticized President Bola Tinubu for his refusal to…
The International Police (INTERPOL) has issued a wanted list featuring 14 individuals from Nigeria who…