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Bitcoin Falls After Musk Says Tesla Won’t Accept the Digital Token

By Shai Oster
· · Source: Reuters

Bitcoin plunged 17% after Tesla founder Elon Musk said his car company would stop accepting the cryptocurrency as payment In a tweet, the Tesla founder said that he made the decision because of his concern about the amount of fossil fuels burned by computers in the mining of bitcoin. The announcement is a reversal from just a few months ago when Musk embraced the digital token for payment...

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