Tesla CEO Elon Musk has revealed the electric car maker will resume accepting bitcoin payments once around 50% of the cryptocurrency’s mining is done using renewable energy.
At least 90% of the blocks mined on the Bitcoin blockchain in any of the designated 2-week periods “signal” support for the Taproot upgrade on the flagship cryptocurrency’s network, with the benchmark being met at block 687284.
The Purpose Bitcoin exchange-traded fund (ETF), which launched back in February, has now accumulated 19,692.149 BTC. It added 284.51 BTC over the past seven days and nearly 2,000 BTC since the cryptocurrency’s May 15 crash.
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Top stories in the Crypto Roundup today:
- Tesla to Resume Bitcoin Payments Once Miners Go 50% Green
- Bitcoin’s Taproot Upgrade Gets 90% Support to Lock In Activation
- Canadian Bitcoin ETF Added to Holdings During Steep Market correction
- Daily Movers – LINK, THETA, AAVE
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