“Tesla is using only internal & open source software & operates Bitcoin nodes directly,” wrote Musk on Twitter. — Elon Musk (@elonmusk) March 24, 2021 Also worth mentioning is the fact that Tesla only accepts Bitcoin. Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrencies, marking a fresh crackdown on digital money. Bitcoin prices surged to new highs Monday following Tesla's announcement, reaching a price of at least $44,200. Thus, Tesla joins the global network of peer-to-peer operators that host and synchronize the Bitcoin blockchain. 13, 2021. On Twitter, Tesla supremo Elon Musk announced that the company would not be seeking to convert any BTC payments it receives into fiat. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Here's what some market participants say investors should do. “What appeals to me is that investors are acting like investors again. Musk has gotten into trouble for his market moving tweets in the past, but it's unclear how that applies to his tweets about cryptocurrencies. In Asia, India has returned just 0.1% while Taiwan has seen a loss of 0.1%.Traders had been bracing for pressure to build in China’s debt market as local governments geared up to sell as much as 3.65 trillion yuan ($568 billion) of special bonds this year. China's move to restrict crypto activity may have helped spark a broad selloff for digital assets. Tesla announced in an SEC filing Monday that it has bought $1.5 billion worth of bitcoin. Tesla No Longer Accepts Bitcoin In the statement shared on Twitter, Musk cites environmental concerns for this decision . Data is a real-time snapshot *Data is delayed at least 15 minutes. What will Elon Musk do with it? Prices for bitcoin (BTCUSD) and other futuristic “currencies” were in free fall Wednesday. “It’s likely no local government will fully utilize their quota this year.”More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Bitcoin sold off sharply Wednesday. © 2021 Benzinga.com. )More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. IPO Edge will host a fireside chat with Origin Materials, Inc. (“Origin” or “Origin Materials”) and Artius Acquisition Inc. (NASDAQ: AACQ, “Artius”) on Monday, May 24 at 2pm ET to discuss their pending merger. The capability to pay with BTC would be available for customers outside in the United States later this year, according to Musk. Musk: Tesla Accepts Bitcoin as Payment for Cars SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the Axel Springer Award 2020 on Dec. 1, 2020 in Berlin, Germany. It is a major boost for Bitcoin that has evolved to be a store of value and a medium of exchange. Two weeks ago, the billionaire Tesla owned added the hashtag #bitcoin to his Twitter bio, a move that helped to briefly push up the price of the cryptocurrency by as much as 20%. Commerzbank expects the EU will sell as much as 15 billion euros of bonds. We want to hear from you. Benzinga does not provide investment advice. The sale of eight-year securities was given a price of two basis points below midswaps, while the 25-year was marked at 17 basis points above.“Over the last couple of weeks things have definitely turned more challenging,” said Christoph Rieger, head of fixed-rate strategy at Commerzbank. 30: Ethiopia Pledges to Allow Mobile Money for New Telecom Entrants(Updates with analyst reaction, shares, and M-Pesa details)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- U.S. stocks declined for a second day with losses steepening in the final 15 minutes of trading as investors weighed the rush to reopen the economy against inflationary pressure from a rise in commodity prices.All three of the main U.S. equity benchmarks closed lower after megacap technology stocks including Amazon.com Inc., Microsoft Corp. and Alphabet Inc. erased earlier gains. From a report:Tesla will hold the digital currency, rather than convert payments to dollars, and … Tesla’s CEO Elon Musk announced on Twitter the halt of accepting Bitcoin payments to buy EV citing ‘environmental’ concerns of the mining of Bitcoin … Annual wage growth ticked a fraction higher to 1.5% in the March quarter in Australia. Tesla now accepts Bitcoin as payment for cars, Musk says Wed, Mar 24, 2021 - 11:49 PM [SAN CARLOS] Having stunned the market with its audacious bet on Bitcoin earlier this year, Tesl will now start accepting the world's largest … But the move, which appears aimed at bolstering the country's own digital yuan efforts, could backfire, says one analyst. Liquidations, China and even Elon Musk may be factors in markets falling. All rights reserved. Elon Musk also stated that none of the BTC revenues the company receives will be converted … Tesla, led by Elon Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future. Tesla purchases $1.5 billion in bitcoin — Here's what could happen next, Tesla buys $1.5 billion in bitcoin: SEC filing, a filing with the Securities and Exchange Commission, increasing the prices of cryptocurrencies, added the hashtag #bitcoin to his Twitter bio. That will mean upgrading fixed and wireless networks.In Africa, the group had 84.9 million data users and mobile money platform M-Pesa handled 15.2 billion transactions in 2021, an increase of 25%.Vodafone has been the subject of press reports and speculation about potential consolidation deals as rivals around Europe merge: Liberty Global Plc is set to combine its U.K. operations with Telefonica SA’s O2, while Spanish rival Masmovil Ibercom SA is snapping up Euskaltel SA.Market ContextVodafone shares have risen 5.4% in the 12 months to Tuesday versus a 13.1% rise in the Stoxx Europe 600 Telecommunications Index.Of 26 analysts surveyed by Bloomberg, 23 rate Vodafone buy, 1 hold and 2 sell.Get MoreStatementNOTE, May 17: Vantage Towers FY Adj. The moves raise questions around CEO Elon Musk's recent behavior on Twitter, where he has been credited for increasing the prices of cryptocurrencies like bitcoin and dogecoin by posting positive messages that have encouraged more people to buy the digital currencies. The company also said it would start accepting bitcoin … Stocks drop on lingering inflation scare. Tesla officially accepts Bitcoin, Musk says. Minutes from the latest Federal Reserve meeting, due Wednesday, may offer clues on inflation pressure and hints of a timeline for tapering stimulus. As it promised earlier this year, Tesla now accepts payment in Bitcoin, according to Tesla's website and a tweet from CEO Elon Musk. CEO Elon Musk has been credited for raising the prices of cryptocurrencies, including bitcoin, through his messages on Twitter. Tesla Accepts Bitcoin. “It’s a new set of circumstances for markets, so we’ve had more churn over the last couple of weeks. Tesla accepts Bitcoin payments, Coinbase is issued a penalty, and a retirement fund buys BTC. (Photo by Britta Pedersen-Pool/Getty Images) The terms say: “You may not make purchases with us using any other digital asset, including Bitcoin fork products, such as Bitcoin Cash and Bitcoin SV. Tesla shares were up more than 2% Monday morning. A few hours back, Musk tweeted: “You can now buy a Tesla with Bitcoin. That’s becoming a self-fulfilling prophecy.”The bloc is set to become a major issuer of bonds in the coming years, potentially creating a debt market akin to the size of Spain’s. American car buyers can now purchase Tesla vehicles with Bitcoin according to a recent announcement by the CEO of Tesla. Now, with economies reopening and consumer prices expected to accelerate, they’re becoming a less attractive asset.“We had been used to some very strong demand for the EU bonds,” said Jens Peter Sorensen, chief analyst at Danske Bank AS. Tesla is using only internal & open source software & operates Bitcoin … Tesla is using only internal & open source software & operates Bitcoin nodes directly. Tesla Now Accepts Bitcoin as Payment, Continuing Elon Musk’s Crypto Hype By Sissi Cao • 03/24/21 12:20pm Elon Musk said Tesla will not convert its giant pile of Bitcoin … Furthermore, Musk also revealed that Bitcoin paid to Tesla will be retained and not converted into fiat currency. Later, the company allowed users to pay for its cars using Bitcoins. Major automaker Tesla is now accepting Bitcoin payments in the United States. He’s sold some of the telecom group’s farther-flung units like New Zealand while cutting costs and consolidating operations in Europe and Africa.The centerpiece of this asset-squeezing strategy has been carving out and listing Vodafone’s masts in the form of Vantage Towers AG, which reported earnings in line with guidance on Monday.The Newbury, England-based telecom group will focus on fixed and mobile connectivity in Europe, and mobile data and payments in Africa, the company said in a statement Tuesday. More than a month after announcing its $1.5 billion Bitcoin (BTC) purchase, automobile giant Tesla is now accepting Bitcoin as payments against the car purchases. Even as central banks in Brazil, Turkey and Russia have hiked, tightening fears in China have yet to turn into higher rates.China’s debt market emerged as an alternative haven to Treasuries and other major assets last year, while its loose correlation with the U.S. bonds meant it has largely escaped reflation concerns that have plagued emerging-market peers in 2021. Most notably, the SEC charged Musk with fraud in 2018 for his tweets about taking the company private at $420 per share. Musk frequently tweets about cryptocurrency, particularly Dogecoin (DOGE). Coinbase Global Inc. fell after Monday’s drop below the reference price used in its April direct listing.Here are some key events this week:The Fed publishes minutes from its April meeting Wednesday, which may provide clues to officials’ views on the recovery and how they define “transitory” when it comes to inflationEIA crude oil inventory report WednesdaySt. Louis Fed President James Bullard and Atlanta Fed President Raphael Bostic to speak at separate events WednesdayIMF Managing Director Kristalina Georgieva and ECB President Christine Lagarde speak at the Vienna Economic Dialogue ThursdayAustralia unemployment rate ThursdayEuro-area finance ministers and central bank chiefs hold an informal meeting. Youngsters’ dreams of an easy, early and rich retirement were getting a pounding this week as their favorite cryptocurrencies collapsed. That mirrors moves elsewhere in Europe, with German 10-year bond yields climbing to their highest level since 2019 last week.Goldman Sachs Group Inc. expects them to breach 0% for the first time since 2019 this year. When the EU launched the securities last year, Europe was still firmly in the throes of lockdowns, the ECB was committed to pumping money into debt markets and investor demand for the securities was enormous. Instead, authorities have been drawing on leftover funds and a closely-watched April tax period had passed without causing a liquidity crunch.New restrictions on projects have also curbed fund-raising activities, said Xing Zhaopeng, a senior China strategist at Australia & New Zealand Banking Group Ltd. in Shanghai. Though global funds were net sellers of Chinese sovereign debt in March, they increased their holdings again the next month, according to data from ChinaBond.“While most emerging-market debt are sensitive to U.S. rates, China has maintained a fairly independent monetary policy from the Federal Reserve and foreign participation in renminbi bonds remains low,” said Winson Phoon, head of fixed income research at Maybank Kim Eng Securities Ltd. “China also continues to benefit from the tailwind of the opening up of its onshore bond market.”China’s 10-year yield dropped two basis points to 3.12% as at 4:41 p.m. in Beijing on Wednesday. California-based Tesla disclosed its $1.5 billion investment in Bitcoin in February and said it intended to begin accepting the cryptocurrency as a … Two days later, he said on the social medial chat site Clubhouse: "I do at this point think bitcoin is a good thing, and I am a supporter of bitcoin.". Bitcoin fails to draw hedging bids. It has fallen about three basis points from the start of the year, compared with increases of almost 500 basis points for Turkey, and more than 250 basis points for Brazil.On a total return basis, Chinese debt has provided a 3.7% gain to dollar-based investors so far in 2021, second only to South Africa’s 7.5% among major emerging markets. Many analysts have proposed that accepting Bitcoin as payment for Tesla vehicles may help to boost its value, but as we’ve seen over the past week, the company did not need a crypto-asset to send it to the moon. In a filing with the Securities and Exchange Commission, the company said it bought the bitcoin for "more flexibility to further diversify and maximize returns on our cash.". PPI in New Zealand was up 1.2% in the first quarter of 2021. Publicizing the addition, CEO Elon Musk tweeted that the company was accepting bitcoin and further clarified that Tesla is operating its own Bitcoin nodes and that it would retain any bitcoin it received, as opposed to selling it for fiat currency. The cryptocurrency is trading 9.81% below its all-time high of $61,683.86 which it touched on Mar. Crypto markets shift from buy, buy, bitcoin to bye, bye bitcoin, in a nanosecond --- and market technicians say that the digital asset may have more room to fall in the near-term as a monthslong bullish trend unravels. The bloc is ready to start sales for its 800 billion-euro recovery fund by July.It marks a stark turnaround for one of the hottest new triple-A rated bond markets in town. Tesla CEO Elon Musk has confirmed that the electric vehicle manufacturer is accepting bitcoin payment in the US. The Biden administration has announced payments will be starting this week. Fed Vice Chair Richard Clarida said Monday that the weak U.S. jobs report showed the economy had not yet reached the threshold to warrant scaling back asset purchases. It's somewhat odd for Tesla not to convert Bitcoin back to USD because it pays the cost of manufacturing vehicles and other related expenses in USD. At that time the company had said that it would begin accepting the cryptocurrency as a payment option on a limited basis in the near future. Furthermore, that Tesla won’t be liquidating Bitcoin for fiat. Musk ultimately settled with the SEC, and was forced to give up his role as chairman of the company's board and pay a $20 million fine on top of another $20 million fine for the company itself. There is less emphasis on momentum and there’s more emphasis on relative valuation and which of the companies that have the strongest cash flow growth and are investing that cash flow growth.”West Texas Intermediate crude extended declines after the BBC Persian news channel, citing Russian diplomat Mikhail Ulyanov, reported that a major announcement may be made on Wednesday regarding talks to broker an agreement between Iran and the U.S. and revive the 2015 nuclear deal. The company had more than $19 billion in cash and cash equivalents on hand at the end of 2020, according to its most recent filing. Step 2: Have a BTC Wallet and sufficient Bitcoin. “Tesla is using only internal & open source software & operates bitcoin nodes directly,” he elaborated. Tesla went into Bitcoin in a big way last month, purchasing $1.5 billion worth to … “Why buy today, if you can buy cheaper tomorrow? In its SEC filing, Tesla warned investors of the volatility of bitcoin's price. Tesla now accepts Bitcoin payments in the U.S. market. The company also said it would start accepting bitcoin as a payment method for its products. Tesla boss and CEO Elon Musk officially made the announcement earlier today. It comes as yields across the region climb as investors prepare for European Central Bank to scale back its bond purchases in the face of growing inflationary pressures. Bitcoin Irresistible To Institutional Buyers Even At ,000: What You Need To Know. Initially, Tesla’s policy stated: “Bitcoin is the only digital asset that we accept… at this time. Walmart Inc. rallied the most in six weeks after boosting its profit outlook. Tesla announced Monday it has bought $1.5 billion worth of bitcoin. Crypto markets are in the midst of a substantial selloff that has shaken the conviction of some new investors in the nascent sector. The bitcoin fee course of is described on Tesla’s web site in a support FAQ and terms and conditions. “Bitcoin is the one cryptocurrency Tesla accepts,” the corporate stated. Nine of the main 11 S&P 500 industry groups declined, with energy stocks leading losses as oil prices dropped amid a report that significant progress has been made to revive the U.S.-Iran nuclear deal. The slump represented an acceleration of a downtrend in the world's No. Inflation topped the list of the biggest tail risks, followed by a bond market taper tantrum and asset bubbles, while Covid-19 was only in fourth place.“The fact that inflation and interest rates are on the way up, I think we have to recognize that returns overall in the U.S. equity market from this point will be very modest and perhaps volatile compared to what we have enjoyed especially over the last 12 to 15 months,” Abby Joseph Cohen, senior investment strategist at Goldman Sachs Group Inc., said in an interview on Bloomberg TV. Price Action: Tesla shares closed nearly 1.2% lower at $662.16 on Tuesday. For its widespread adoption, Tesla’s accepting BTC as electronic money fulfills Satoshi Nakamoto’s goal of creating an alternative currency native to the internet. If you've been waiting to say, 'I told you so,' to a young crypto investor, you may be waiting a while. Click here to check out Benzinga’s EV Hub for the latest electric vehicles news. Sales are expected to average around 150 billion euros per year for the duration of the program, though all member states need to ratify the recovery program for funds to start flowing.Still, EU bonds will outperform “core” European sovereign peers because investors face a serious shortage of notes in both the short- and long-term, Commerzbank AG analysts wrote in a note to clients last month. Got a confidential news tip? (Bloomberg) -- Vodafone Group Plc shares fell as much as 8.3% after Chief Executive Officer Nick Read’s strategy showed higher capital expenditure on network investments will hit free cash flow.Although Read’s message is “spend more to grow more,” the “prospect of the improved growth may take longer for investors to absorb,” said Berenberg analyst Carl Murdock-Smith.Vodafone said it can increase margins in the medium-term and guided for adjusted earnings before interest, tax, depreciation and amortization after leases between 15 billion and 15.4 billion euros ($18.8 billion) in 2022, with adjusted free cash flow of at least 5.2 billion euros.Organic service revenue rose 0.8% in the fourth quarter versus an average analyst estimate of 0.4% compiled by Bloomberg.Key InsightsRead wants to do more with less. Musk: Tesla now accepts bitcoin payments “You can now buy a Tesla with bitcoin,” Musk tweeted, later stating the option would be available outside the US later this year. “There will be structural demand for triple AAA paper such as the EU, so the recovery fund issuance will be digested, but we’re not sure demand will be as astronomical.”The Commission announced Monday that it would use an auction system operated by France’s central bank to issue debt later in the year, relying on syndications in the meantime. The live event will feature Origin Co-Founder and Co-CEO John Bissell and Co-CEO Rich Riley, as well as Artius CEO Boon Sim. Will bitcoin prices ever recover? The $1.5 billion worth of bitcoin will give Tesla liquidity in the cryptocurrency once it starts accepting it for payments. The Euro went back and forth during the course of the trading session on Wednesday as it looks like we are trying to digest some of the short-term gains. Musk may not directly purchase Bitcoin, but getting paid in Bitcoin is possible only if Musk’s companies begin to adopt the digital asset. — Elon Musk (@elonmusk) May 24 at 2PM ET: Fireside Chat with Origin Materials to Discuss Merger with Artius Acquisition Inc. AUD/USD and NZD/USD Fundamental Daily Forecast – Struggling with Chart Resistance Ahead of Fed Minutes, Risk-Off: Sour Sentiment on Wall Street May Have Added to Bitcoin’s Plunge, Vodafone Drops on Network Investment Plan’s Cash Flow Hit, Stocks Fall for Second Day on Inflation Worries: Markets Wrap, China Bond Rally Takes Yields to January Low as Peers Sell Off, Why is crypto crashing? It is also necessary to get familiar with the technology and have sufficient Bitcoin available in the wallet to complete the purchase. Sign up for free newsletters and get more CNBC delivered to your inbox, Get this delivered to your inbox, and more info about our products and services.Â, © 2021 CNBC LLC. Tesla accepts Bitcoin from customers Tesla invested $1.5 billion in Bitcoins in the first quarter of 2021. “Lower ECB buying may require somewhat higher premiums.”(Updates to include final demand from first paragraph. A return to the accord could allow for the removal of U.S. sanctions on Iran’s crude exports and bring more supply to the market.Elsewhere, Bitcoin fell to the lowest since February after the People’s Bank of China reiterated that the digital tokens cannot be used as a form of payment. Inflation concerns intensified last week when the government reported the fastest increase in consumer prices since 2008 and commodities from iron ore to Brent crude rose to multiyear highs.“The market has been trying to process a very unusual economic environment and a confluence of factors that it has not faced for a long time,” said David Donabedian, chief investment officer of CIBC Private Wealth Management. See Also: Should you Buy a Tesla with BTC?

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