Tesla suspends Bitcoin transactions

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Tesla is no longer accepting Bitcoin for vehicle purchases due to concerns over climate change. CEO Elon Musk opened up about the decision this week, which comes after an announcement in March that the cryptocurrency would be accepted for sales after buying $1.5 billion (£1 billion) of the currency in February. Now, he has said: “Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. “Cryptocurrency is a good idea on many levels and we bel…

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