The Buzzing Trends || Why Did Tesla Inc. Cease To Accept Bitcoin As A Mode Of Payment?

• Elon Musk, Tesla Boss, says the only reason for its sudden rejection of accepting Bitcoin is the insane amount of energy used to produce Bitcoin. He also commented that this in no way means he is selling all his holding in Bitcoin, rather it will retain it and will use them when the mining operations move to a more sustainable energy sources. 

• After the first announced of not accepting Bitcoin for Vehicle purchase, the bitcoin value slipped below US$ 50,000, but due to the retention announcement, Bitcoin climbed back to $50,000 mark

• Synlait Milk, New Zealand dairy producer, announced 3rd major executive departure in last 2 months. Synlait share price is down by approximately 41% since the beginning of 2021. 

• Resolute Mining announced that it has made Stuart Gale, who was acting as an interim CEO since October 2020, permanent.

• Resolute was able to regain its Bibiani mining lease for so long till it does not sell the project to China Chifeng Jilong. Share of the company are trading at AU$ 58 per share, down by approx. 26% so far this year. 

• Australia was also responsible to arouse anger in Beijing after calling for independent investigation into the origin of Covid-19.  


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