With BTC dropping as low as $46K and a deep dive into last night's sector-wide collapse, CoinDesk’s Market Daily is back with the latest news roundup.
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This episode is sponsored by .
Today's stories:
Stock Market Today: Dow, S&P Live Updates for May. 12, 2021
US consumer prices rise at fastest pace since 2008
JPMorgan, Others Plan to Issue Credit Cards to People With No Credit Scores - WSJ
Stablecoin strife: crypto assets face calls for tougher oversight
Top U.S. fuel pipeline recovering from devastating ransomware attack
Facebook-Backed Diem Plans Dollar Stablecoin With Silvergate
Bitcoin Plunges as Tesla Halts BTC Payments Over Environmental Concerns
I agree w/ others who think @SEC_Enforcement told $TSLA they can't book auto revenue using fake currency; as a matter of fact, $TSLA might have to restate 1Q21 earnings for illegally including #Bitcoin trading gains in operating income $TSLAQ $ARKK $MS $GS
— Patrick Comack (@patrickcomack) May 13, 2021
$TSLA so Elon won't accept transactions in $BTC due to energy consumption yet was perfectly fine buying billion+ of BTC for the Balance Sheet? Makes ZERO sense. Either shows a lack or initial diligence or questionable fiduciary decision making. I like Elon, but, I don't get that
— The_Ravid (@The_Ravid) May 13, 2021
This is wild. Musk is presenting the case against Bitcoin. Something has changed wildly in his world. And no matter what it is, we can’t go back on this: Elon Musk has officially called out Bitcoin for not being environmentally friendly. This is a seismic pivot. Seismic. https://t.co/qqtxj5FwIU
— Quoth the Raven (@QTRResearch) May 13, 2021
h/t zerohedge.com
