Elon Musk News

Bitcoin for purchases, according to BitPay Inc., one of the biggest crypto payments processors in the world. Last year, Bitcoin’s use at merchants that use BitPay dropped to about 65% of processed payments, down from 92% in 2020, the company told Bloomberg. Ether purchases accounted for 15% of the total, stablecoins were 13% and new coins added to BitPay in 2021 — Dogecoin, Shiba Inu and Litecoin — accounted for 3%. The alternative coins’ use surged partly as more businesses have begun using stablecoins for cross-border payments. Consumers also tend to move to stablecoins — whose value is supposed to stay steady — when crypto prices drop, and they’ve been falling since early November. Coins like Doge also made a splash last year, thanks to fans like Tesla Inc. Chief Executive Elon Musk, who on Friday said the token can be used to buy the company’s merchandise.

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A partner at law firm Cooley got an unexpected call late last year from a lawyer for one of the firm’s most famous clients, Elon Musk’s Tesla, with an ultimatum.

Bitcoin may be the most valuable cryptocurrency for now but consumers and businesses are leaning to other digital tokens for purchases, according to one of the world's biggest crypto payments processors.

Crypto-related job postings skyrocketed in 2021, indicating disruption across industries, according to a recent analysis by employment-oriented social media platform LinkedIn.

BitPay Inc., one of the world's most well-known crypto payment processors, has seen a shift in the type of digital assets used for purchases over the last year, according to a Bloomberg report.

A partner at law firm Cooley got an unexpected call late last year from a lawyer for one of the firm’s most famous clients, Elon Musk’s Tesla, with an ultimatum.

BitPay was founded in 2011, when few companies accepted digital coins.

Cryptocurrencies traded in the green early on January 15. The global cryptocurrency market-cap stood at $2.05 trillion, a 0.53 percent increase over the last day. The total crypto market volume over the last 24 hours was $84.28 billion, which come to a 16.66 percent fall.

Dogecoin (DOGE) prices rose substantially on Jan. 14 as Elon Musk announced that Tesla would start accepting it as payment for merchandise. 

With a market cap of $25.2 billion, Dogecoin is the 11th most valuable cryptocurrency.

Musk said on Friday that Tesla Inc merchandise can be bought using the dogecoin.

Tesla CEO Elon Musk announced that Tesla now accepts Dogecoin (DOGE) as payment for the company’s merchandise. DOGE-eligible products in the Tesla store can be purchased by sending DOGE to Tesla’s Dogecoin wallet. 

Electric vehicle maker Tesla is experimenting with dogecoin (DOGE) payments, opening up a range of products to the cryptocurrency’s users.

Tesla chief Elon Musk said on Friday the electric carmaker will accept the cryptocurrency Dogecoin as payment for its merchandise.

Dogecoin, popular among retail investors, raced up 18% to above $0.2 after Elon Musk's tweet.

Elon Musk said Tesla is accepting payment for some merchandise with dogecoin, a return for the electric-vehicle maker to acceptance of digital currencies for some payments.

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Bitcoin Magazine’s YouTube channel was restored around three hours after being shut down, with the publication attributing the short ban to the YouTube algorithm flagging the word “Kazakhstan.”

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Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.