The Opening Bell || Why Did Bitcoin Tumble Almost 13% On Wednesday?

o Bitcoin tumbled almost 13% on Wednesday when Tesla boss, Elon Musk said that the largest automaker would not be accepting Bitcoin as payment anymore because of its high energy use. The digital currency is still trading below US$50,000 mark, finding it difficult to recover. 

o On Thursday, following reports that the US Justice Department is investigating crypto exchange Binance, Bitcoin’s luster fell even further.  o Dogecoin, after crashing over 21% on Wednesday, recovered by almost 6.1% to US$0.414. 

o Blackstone Minerals Ltd (ASX:BSX), Western Australian based mining company exploring Southeast Asia's premier nickel sulphide district,  announced that the priority offer to its shareholders was now open under the initial public offering (IPO) of its wholly-owned subsidiary Codrus Minerals Ltd (CDR). 

o  Volt Resources (ASX:VRC) announced it will acquire a 70% interest in the Zavalievsky group of companies.  o  Avita Medical (ASX:AVH) reported a decline in its quarterly net loss to AU$6 million, from AU$15 million a year ago after revenue surged to AU$8.77 million from AU$3.9 million. 

o Tempus Resources (ASX:TMR) said that it has closed the non-brokered private placement announced on 23 April 2021. 

o Resolute Mining (ASX:RSG) has appointed Stuart Gale as its new managing director and chief executive, effective today. 

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