You can now use bitcoin to buy a TeslaBy Hanna Ziady, CNN BusinessUpdated 1216 GMT (2016 HKT) March 24, 2021 ‘use strict’;CNN.Videx = CNN.Videx || {};CNN.Videx.mobile = {};CNN.INJECTOR.executeFeature(‘video’).then(function () {CNN.VideoPlayer.handleUnmutePlayer = function handleUnmutePlayer(containerId, dataObj) {‘use strict’;var playerInstance,playerPropertyObj,rememberTime,unmuteCTA,unmuteIdSelector = ‘unmute_’ + containerId,isPlayerMute;dataObj = dataObj || {};if (CNN.VideoPlayer.getLibraryName(containerId) === ‘fave’) {playerInstance = FAVE.player.getInstance(containerId) || null;} else {playerInstance = containerId && window.cnnVideoManager.getPlayerByContainer(containerId).videoInstance.cvp || null;}isPlayerMute = (typeof dataObj.muted === ‘boolean’) ? dataObj.muted : false;if (CNN.VideoPlayer.playerProperties && CNN.VideoPlayer.playerProperties[containerId]) {playerPropertyObj = CNN.VideoPlayer.playerProperties[containerId];}if (playerPropertyObj.mute && playerPropertyObj.contentPlayed) {if (isPlayerMute === false) {unmuteCTA = jQuery(document.getElementById(unmuteIdSelector));playerInstance.unmute();if (unmuteCTA.length > 0) {unmuteCTA.removeClass(‘video__unmute–active’).addClass(‘video__unmute–inactive’);unmuteCTA.off(‘click’);rememberTime = 0;if (rememberTime 0) {$vidEndSlate.find(‘.l-container’).html(‘ ‘);$vidEndSlate.removeClass(‘video__end-slate–inactive’).addClass(‘video__end-slate–active’);}};CNN.autoPlayVideoExist = (CNN.autoPlayVideoExist === true) ? true : false;var configObj = {thumb: ‘none’,video: ‘business/2021/02/08/bitcoin-tesla.cnnbusiness’,width: ‘100%’,height: ‘100%’,section: ‘international’,profile: ‘expansion’,network: ‘cnn’,markupId: ‘large-media_0’,adsection: ‘edition.cnnbusiness_investing_marketsnow_t1’,frameWidth: ‘100%’,frameHeight: ‘100%’,posterImageOverride: {“mini”:{“width”:220,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/201202115204-bitcoin-small-169.jpg”,”height”:124},”xsmall”:{“width”:307,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/201202115204-bitcoin-medium-plus-169.jpg”,”height”:173},”small”:{“width”:460,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/201202115204-bitcoin-large-169.jpg”,”height”:259},”medium”:{“width”:780,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/201202115204-bitcoin-exlarge-169.jpg”,”height”:438},”large”:{“width”:1100,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/201202115204-bitcoin-super-169.jpg”,”height”:619},”full16x9″:{“width”:1600,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/201202115204-bitcoin-full-169.jpg”,”height”:900},”mini1x1″:{“width”:120,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/201202115204-bitcoin-small-11.jpg”,”height”:120}}},autoStartVideo = false,isVideoReplayClicked = false,callbackObj,containerEl,currentVideoCollection = [{“title”:”Tesla invests $1.5 billion in bitcoin”,”duration”:”03:17″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://crypto247.news/wp-content/uploads/2021/03/trendomatic/201202115204-bitcoin-large-169.jpg605cbc3690db6.jpg”,”videoUrl”:”/videos/business/2021/02/08/bitcoin-tesla.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars.CNN’s Paul R.La Monica reports.”,”descriptionText”:”Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars.CNN’s Paul R.
La Monica reports.”},{“title”:”ANT Group CEO Simon Hu resigns “,”duration”:”01:53″,”sourceName”:”CNNBusiness”,”sourceLink”:”cnnbusiness.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/03/12/ant-group-ceo-simon-hu-resigns-qmb.cnnbusiness/index.xml”,”videoId”:”business/2021/03/12/ant-group-ceo-simon-hu-resigns-qmb.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210312031622-simon-hu-alibaba-file-large-169.jpg”,”videoUrl”:”/videos/business/2021/03/12/ant-group-ceo-simon-hu-resigns-qmb.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”ANT Group’s CEO Simon Hu has resigned months after the digital payments company was forced to pull its IPO amid a crackdown by Chinese regulators.CNN”s u003ca href=”https://www.cnn.com/profiles/selina-wang” target=”_blank”>Selina Wangu003c/a> reports.”,”descriptionText”:”ANT Group’s CEO Simon Hu has resigned months after the digital payments company was forced to pull its IPO amid a crackdown by Chinese regulators.CNN”s u003ca href=”https://www.cnn.com/profiles/selina-wang” target=”_blank”>Selina Wangu003c/a> reports.
Here are the details”,”duration”:”02:08″,”sourceName”:”CNN”,”sourceLink”:”https://crypto247.news/wp-content/uploads/2021/03/trendomatic/190618091058-facebook-libra-large-169.jpg605cbc4021e7d.jpg”,”videoUrl”:”/videos/tech/2019/06/18/facebook-libra-cryptocurrency-sebastian-first-move.cnn/video/playlists/business-digital-currency/”,”description”:”Facebook formally unveiled its highly-anticipated digital currency project called Libra.CNN’s Clare Sebastian looks at what makes this different than other cryptocurrencies.”,”descriptionText”:”Facebook formally unveiled its highly-anticipated digital currency project called Libra.
CNN’s Clare Sebastian looks at what makes this different than other cryptocurrencies.”},{“title”:”Winklevoss twins call crypto the ‘ultimate social network'”,”duration”:”01:34″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/11/winklevoss-twins-crypto-app-zw-mc-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/11/winklevoss-twins-crypto-app-zw-mc-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190310213617-cameron-tyler-winklevoss-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/11/winklevoss-twins-crypto-app-zw-mc-orig.cnn-business/video/playlists/business-digital-currency/”,”description”:”Cameron and Tyler Winklevoss sat down with CNN Business to discuss their crypto exchange, Gemini, and plans for their recently launched mobile app.”,”descriptionText”:”Cameron and Tyler Winklevoss sat down with CNN Business to discuss their crypto exchange, Gemini, and plans for their recently launched mobile app.”},{“title”:”JPMorgan launches crypto coin”,”duration”:”03:02″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/14/jpmorgan-jpm-coin-cryptocurrency.cnn-business/index.xml”,”videoId”:”business/2019/02/14/jpmorgan-jpm-coin-cryptocurrency.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190214120156-jamie-dimon-file-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/14/jpmorgan-jpm-coin-cryptocurrency.cnn-business/video/playlists/business-digital-currency/”,”description”:”JPMorgan’s “JPM Coin” is a prototype designed for institutional clients but executives wouldn’t rule out that it could eventually be used for retail customers.CNN’s Matt Egan reports.”,”descriptionText”:”JPMorgan’s “JPM Coin” is a prototype designed for institutional clients but executives wouldn’t rule out that it could eventually be used for retail customers.CNN’s Matt Egan reports.”},{“title”:”Quadriga assets frozen after founder dies”,”duration”:”01:58″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/05/quadriga-cryptocurrency-exchange-ceo-death.cnn-business/index.xml”,”videoId”:”business/2019/02/05/quadriga-cryptocurrency-exchange-ceo-death.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180927091832-01-bitcoin-illustration-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/05/quadriga-cryptocurrency-exchange-ceo-death.cnn-business/video/playlists/business-digital-currency/”,”description”:”Quadriga, Canada’s biggest cryptocurrency exchange, said it’s unable to gain access to $145 million of bitcoin and other digital assets after Gerald Cotten, its 30-year old CEO and co-founder, died of complications arising from Crohn’s Disease while traveling in India.”,”descriptionText”:”Quadriga, Canada’s biggest cryptocurrency exchange, said it’s unable to gain access to $145 million of bitcoin and other digital assets after Gerald Cotten, its 30-year old CEO and co-founder, died of complications arising from Crohn’s Disease while traveling in India.”},{“title”:”What is blockchain?”,”duration”:”02:08″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/09/25/blockchain-dominos-digital-ledger-cryptocurrency-explainer-cnn-business-orig.cnn-business/index.xml”,”videoId”:”business/2018/09/25/blockchain-dominos-digital-ledger-cryptocurrency-explainer-cnn-business-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180925120122-blockchain-dominos-thumbnail-large-169.jpg”,”videoUrl”:”/videos/business/2018/09/25/blockchain-dominos-digital-ledger-cryptocurrency-explainer-cnn-business-orig.cnn-business/video/playlists/business-digital-currency/”,”description”:”While some people are rushing to invest in cryptocurrencies like bitcoin and ethereum, other experts believe that the real value lies in the underlying technology, known as blockchain.CNN’s Ramy Zabarah explains how it works.”,”descriptionText”:”While some people are rushing to invest in cryptocurrencies like bitcoin and ethereum, other experts believe that the real value lies in the underlying technology, known as blockchain.
CNN’s Ramy Zabarah explains how it works.”},{“title”:”What is an ICO?”,”duration”:”02:24″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/09/25/ico-initial-coin-offering-bitcoin-ethereum-cnn-business-orig.cnn-business/index.xml”,”videoId”:”business/2018/09/25/ico-initial-coin-offering-bitcoin-ethereum-cnn-business-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180119104456-tokens-ico-explainer-thumbnail-large-169.jpg”,”videoUrl”:”/videos/business/2018/09/25/ico-initial-coin-offering-bitcoin-ethereum-cnn-business-orig.cnn-business/video/playlists/business-digital-currency/”,”description”:”You’ve probably heard of Bitcoin, but new cryptocurrencies get introduced almost every day through a process called an Initial Coin Offering.CNN’s Ramy Zabarah breaks down how an ICO differs from an IPO and whether you should invest in one.”,”descriptionText”:”You’ve probably heard of Bitcoin, but new cryptocurrencies get introduced almost every day through a process called an Initial Coin Offering.CNN’s Ramy Zabarah breaks down how an ICO differs from an IPO and whether you should invest in one.”}],currentVideoCollectionId = ”,isLivePlayer = false,mediaMetadataCallbacks,mobilePinnedView = null,moveToNextTimeout,mutePlayerEnabled = false,nextVideoId = ”,nextVideoUrl = ”,turnOnFlashMessaging = false,videoPinner,videoEndSlateImpl;if (CNN.autoPlayVideoExist === false) {autoStartVideo = true;autoStartVideo = typeof CNN.isLoggedInVideoCheck === ‘function’ ? CNN.isLoggedInVideoCheck(autoStartVideo) : autoStartVideo;if (autoStartVideo === true) {if (turnOnFlashMessaging === true) {autoStartVideo = false;containerEl = jQuery(document.getElementById(configObj.markupId));CNN.VideoPlayer.showFlashSlate(containerEl);} else {CNN.autoPlayVideoExist = true;}}}configObj.autostart = CNN.Features.enableAutoplayBlock ? false : autoStartVideo;CNN.VideoPlayer.setPlayerProperties(configObj.markupId, autoStartVideo, isLivePlayer, isVideoReplayClicked, mutePlayerEnabled);CNN.VideoPlayer.setFirstVideoInCollection(currentVideoCollection, configObj.markupId);var videoHandler = {},isFeaturedVideoCollectionHandlerAvailable = (CNN !== undefined &&CNN.VIDEOCLIENT !== undefined &&CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler !== undefined);if (!isFeaturedVideoCollectionHandlerAvailable) {CNN.INJECTOR.executeFeature(‘videx’).done(function () {jQuery.ajax({dataType: ‘script’,cache: true,url: ‘//edition.i.cdn.cnn.com/.a/2.258.3/js/featured-video-collection-player.min.js’}).done(function () {initializeVideoAndCollection();}).fail(function () {throw ‘Unable to fetch /js/featured-video-collection-player.min.js’;});}).fail(function () {throw ‘Unable to fetch the videx bundle’;});}function initializeVideoAndCollection() {videoHandler = new CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler(configObj.markupId,”cn-featured-1923vpk”,’js-video_description-featured-1923vpk’,[{“title”:”Tesla invests $1.5 billion in bitcoin”,”duration”:”03:17″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://crypto247.news/wp-content/uploads/2021/03/trendomatic/201202115204-bitcoin-large-169.jpg605cbc3690db6.jpg”,”videoUrl”:”/videos/business/2021/02/08/bitcoin-tesla.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars.CNN’s Paul R.La Monica reports.”,”descriptionText”:”Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars.CNN’s Paul R.
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Anthony Scaramucci tells CNN’s Alison Kosik that Bitcoin’s best days are ahead, but the ride will be volatile.”,”descriptionText”:”Just how far can Bitcoin prices rise? Anthony Scaramucci tells CNN’s Alison Kosik that Bitcoin’s best days are ahead, but the ride will be volatile.”},{“title”:”Ripple CEO on what’s driving cryptocurrency”,”duration”:”02:26″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/12/02/ripple-ceo-cryptocurrency.cnnbusiness/index.xml”,”videoId”:”business/2020/12/02/ripple-ceo-cryptocurrency.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/201202111914-ripple-ceo-brad-garlinghouse-large-169.jpg”,”videoUrl”:”/videos/business/2020/12/02/ripple-ceo-cryptocurrency.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Brad Garlinghouse, CEO of Ripple, says the rally in digital currency is being driven by investors who see it as “an inflationary hedge.” He also says the long-term value of cryptocurrency is in its ability to solve payment problems.”,”descriptionText”:”Brad Garlinghouse, CEO of Ripple, says the rally in digital currency is being driven by investors who see it as “an inflationary hedge.” He also says the long-term value of cryptocurrency is in its ability to solve payment problems.”},{“title”:”PayPal CEO: Our move into cryptocurrencies is to bolster utility”,”duration”:”03:57″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2020/11/23/paypal-ceo-cryptocurrency-bitcoin.cnnbusiness/index.xml”,”videoId”:”business/2020/11/23/paypal-ceo-cryptocurrency-bitcoin.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/201123105600-paypal-cryptocurrency-large-169.jpg”,”videoUrl”:”/videos/business/2020/11/23/paypal-ceo-cryptocurrency-bitcoin.cnnbusiness/video/playlists/business-digital-currency/”,”description”:”Dan Schulman, President and CEO of PayPal, says the decision to accept digital currencies is to help shape the future of everyday commerce.”,”descriptionText”:”Dan Schulman, President and CEO of PayPal, says the decision to accept digital currencies is to help shape the future of everyday commerce.”},{“title”:”He says Facebook’s Libra is the future.Lawmakers aren’t so sure”,”duration”:”03:38″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/11/12/libra-calibra-david-marcus-facebook-risk-takers-orig.cnn/index.xml”,”videoId”:”business/2019/11/12/libra-calibra-david-marcus-facebook-risk-takers-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190923125500-20190919-rt-gfx-david-marcus-facebook-large-169.jpg”,”videoUrl”:”/videos/business/2019/11/12/libra-calibra-david-marcus-facebook-risk-takers-orig.cnn/video/playlists/business-digital-currency/”,”description”:”In the midst of intense regulatory scrutiny, is Facebook the right company to take cryptocurrency mainstream? Facebook executive David Marcus tells CNN Business’ Rachel Crane why the world needs Libra.”,”descriptionText”:”In the midst of intense regulatory scrutiny, is Facebook the right company to take cryptocurrency mainstream? Facebook executive David Marcus tells CNN Business’ Rachel Crane why the world needs Libra.”},{“title”:”Facebook unveils Libra, a new cryptocurrency.Here are the details”,”duration”:”02:08″,”sourceName”:”CNN”,”sourceLink”:”https://crypto247.news/wp-content/uploads/2021/03/trendomatic/190618091058-facebook-libra-large-169.jpg605cbc4021e7d.jpg”,”videoUrl”:”/videos/tech/2019/06/18/facebook-libra-cryptocurrency-sebastian-first-move.cnn/video/playlists/business-digital-currency/”,”description”:”Facebook formally unveiled its highly-anticipated digital currency project called Libra.CNN’s Clare Sebastian looks at what makes this different than other cryptocurrencies.”,”descriptionText”:”Facebook formally unveiled its highly-anticipated digital currency project called Libra.
CNN’s Clare Sebastian looks at what makes this different than other cryptocurrencies.”},{“title”:”Winklevoss twins call crypto the ‘ultimate social network'”,”duration”:”01:34″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/03/11/winklevoss-twins-crypto-app-zw-mc-orig.cnn-business/index.xml”,”videoId”:”business/2019/03/11/winklevoss-twins-crypto-app-zw-mc-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190310213617-cameron-tyler-winklevoss-large-169.jpg”,”videoUrl”:”/videos/business/2019/03/11/winklevoss-twins-crypto-app-zw-mc-orig.cnn-business/video/playlists/business-digital-currency/”,”description”:”Cameron and Tyler Winklevoss sat down with CNN Business to discuss their crypto exchange, Gemini, and plans for their recently launched mobile app.”,”descriptionText”:”Cameron and Tyler Winklevoss sat down with CNN Business to discuss their crypto exchange, Gemini, and plans for their recently launched mobile app.”},{“title”:”JPMorgan launches crypto coin”,”duration”:”03:02″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/14/jpmorgan-jpm-coin-cryptocurrency.cnn-business/index.xml”,”videoId”:”business/2019/02/14/jpmorgan-jpm-coin-cryptocurrency.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190214120156-jamie-dimon-file-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/14/jpmorgan-jpm-coin-cryptocurrency.cnn-business/video/playlists/business-digital-currency/”,”description”:”JPMorgan’s “JPM Coin” is a prototype designed for institutional clients but executives wouldn’t rule out that it could eventually be used for retail customers.CNN’s Matt Egan reports.”,”descriptionText”:”JPMorgan’s “JPM Coin” is a prototype designed for institutional clients but executives wouldn’t rule out that it could eventually be used for retail customers.CNN’s Matt Egan reports.”},{“title”:”Quadriga assets frozen after founder dies”,”duration”:”01:58″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2019/02/05/quadriga-cryptocurrency-exchange-ceo-death.cnn-business/index.xml”,”videoId”:”business/2019/02/05/quadriga-cryptocurrency-exchange-ceo-death.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180927091832-01-bitcoin-illustration-large-169.jpg”,”videoUrl”:”/videos/business/2019/02/05/quadriga-cryptocurrency-exchange-ceo-death.cnn-business/video/playlists/business-digital-currency/”,”description”:”Quadriga, Canada’s biggest cryptocurrency exchange, said it’s unable to gain access to $145 million of bitcoin and other digital assets after Gerald Cotten, its 30-year old CEO and co-founder, died of complications arising from Crohn’s Disease while traveling in India.”,”descriptionText”:”Quadriga, Canada’s biggest cryptocurrency exchange, said it’s unable to gain access to $145 million of bitcoin and other digital assets after Gerald Cotten, its 30-year old CEO and co-founder, died of complications arising from Crohn’s Disease while traveling in India.”},{“title”:”What is blockchain?”,”duration”:”02:08″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/09/25/blockchain-dominos-digital-ledger-cryptocurrency-explainer-cnn-business-orig.cnn-business/index.xml”,”videoId”:”business/2018/09/25/blockchain-dominos-digital-ledger-cryptocurrency-explainer-cnn-business-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180925120122-blockchain-dominos-thumbnail-large-169.jpg”,”videoUrl”:”/videos/business/2018/09/25/blockchain-dominos-digital-ledger-cryptocurrency-explainer-cnn-business-orig.cnn-business/video/playlists/business-digital-currency/”,”description”:”While some people are rushing to invest in cryptocurrencies like bitcoin and ethereum, other experts believe that the real value lies in the underlying technology, known as blockchain.
CNN’s Ramy Zabarah explains how it works.”,”descriptionText”:”While some people are rushing to invest in cryptocurrencies like bitcoin and ethereum, other experts believe that the real value lies in the underlying technology, known as blockchain.
CNN’s Ramy Zabarah explains how it works.”},{“title”:”What is an ICO?”,”duration”:”02:24″,”sourceName”:”CNN Business”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2018/09/25/ico-initial-coin-offering-bitcoin-ethereum-cnn-business-orig.cnn-business/index.xml”,”videoId”:”business/2018/09/25/ico-initial-coin-offering-bitcoin-ethereum-cnn-business-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/180119104456-tokens-ico-explainer-thumbnail-large-169.jpg”,”videoUrl”:”/videos/business/2018/09/25/ico-initial-coin-offering-bitcoin-ethereum-cnn-business-orig.cnn-business/video/playlists/business-digital-currency/”,”description”:”You’ve probably heard of Bitcoin, but new cryptocurrencies get introduced almost every day through a process called an Initial Coin Offering.CNN’s Ramy Zabarah breaks down how an ICO differs from an IPO and whether you should invest in one.”,”descriptionText”:”You’ve probably heard of Bitcoin, but new cryptocurrencies get introduced almost every day through a process called an Initial Coin Offering.CNN’s Ramy Zabarah breaks down how an ICO differs from an IPO and whether you should invest in one.”}],’js-video_headline-featured-1923vpk’,”,”js-video_source-featured-1923vpk”,true,true,’business-digital-currency’);if (typeof configObj.context !== ‘string’ || configObj.context.length <= 0) {configObj.context = 'tech'.replace(/[()-]/g, '');}configObj.videoCollection = 'business-digital-currency';CNN.VideoPlayer.getLibrary(configObj, videoHandler.getEventCallbackObject(), isLivePlayer, videoHandler.getMediaMetadataCallbacks());videoHandler.getCollectionCarouselElement().on('VIDEO_CAROUSEL_ITEM_CLICKED', CNN.VIDEOCLIENT.triggerSunrise);}});CNN.INJECTOR.scriptComplete('videodemanddust');JUST WATCHEDTesla invests $1.5 billion in bitcoinReplayMore Videos ...MUST WATCH{"@context": "https://schema.org“,”@type”: “VideoObject”,”name”: “Tesla invests $1.5 billion in bitcoin”,”description”: “Tesla is betting big on bitcoin, saying it may soon accept the digital currency as payment for its cars.CNN’s Paul R.
La Monica reports.”,”thumbnailURL”: “https://crypto247.news/wp-content/uploads/2021/03/trendomatic/201202115204-bitcoin-exlarge-169.jpg”,”image”: “https://crypto247.news/wp-content/uploads/2021/03/trendomatic/201202115204-bitcoin-exlarge-169.jpg”,”duration”: “PT3M18S”,”uploadDate”: “2021-02-08T15:04:18Z”,”contentUrl”: “https://edition.cnn.com/videos/business/2021/02/08/bitcoin-tesla.cnnbusiness”,”url”: “https://edition.cnn.com/videos/business/2021/02/08/bitcoin-tesla.cnnbusiness”,”embedUrl”: “https://fave.api.cnn.io/v1/fav/?video=business/2021/02/08/bitcoin-tesla.cnnbusiness&customer=cnn&edition=international&env=prod”} (15 Videos)Tesla invests $1.5 billion in bitcoinANT Group CEO Simon Hu resigns Why bitcoin could triple over next yearVisa CEO: We see digital currency as a player in global commerceStrategist on bitcoin: Pullback is very expectedScaramucci: Bitcoin is due for a correctionRipple CEO on what’s driving cryptocurrencyPayPal CEO: Our move into cryptocurrencies is to bolster utilityHe says Facebook’s Libra is the future.Lawmakers aren’t so sureFacebook unveils Libra, a new cryptocurrency.Here are the detailsWinklevoss twins call crypto the ‘ultimate social network’JPMorgan launches crypto coinQuadriga assets frozen after founder diesWhat is blockchain?What is an ICO?London (CNN Business)Bitcoin fans looking for ways to spend their cryptocurrency fortunes can add a big ticket item to the list: a Tesla.”You can now buy a Tesla with Bitcoin,” CEO Elon Musk said in a tweet on Wednesday.
Bitcoin paid to Tesla (TSLA) will not be converted by the electric car company into regular currency, he added in a subsequent tweet.Musk said that the option to pay by bitcoin will be available outside the United States later this year.Everything you need to know about bitcoinThe price of a single bitcoin climbed nearly 3% to hit $56,242 shortly after Musk’s tweet — more than enough to buy an entry level Tesla Model 3, which costs just under $40,000.Tesla’s most expensive vehicle, the Model X Plaid, starts at around $120,000 — slightly more than two bitcoin.Dan Ives, an analyst at Wedbush Securities, said “this is a seminal moment for Tesla and for the crypto world.” Read More”We expect less than 5% of transactions to be through Bitcoin over the next 12 to 18 months however this could move higher over time as crypto acceptance starts to ramp over the coming years,” he added.Tesla (TSLA) had previously signaled its plans to accept the digital currency from buyers.
In its annual filing with the Securities and Exchange Commission (SEC) last month, the company said that it expects “to begin accepting bitcoin as a form of payment for our products in the near future …initially on a limited basis.” It also said it had invested $1.5 billion in bitcoin as part of a strategy to “invest a portion of [the company’s] cash in certain specified alternative reserve assets.” Since then, the company has given Zach Kirkhorn, its chief financial officer, a new title: “Master of Coin.” Musk, meanwhile, gained the extra title of “Technoking of Tesla”, according to a SEC filing.Musk, who has in the past expressed skepticism about cryptocurrencies, said in an interview on social app Clubhouse earlier this year that he thinks bitcoin is on the verge of “getting broad acceptance by conventional finance people.” He said he should have bought the digital currency eight years ago.— Chris Isidore contributed reporting..
