Price of Bitcoin sinks 15% after Elon Musk says Tesla will no longer accept it as payment

The price of Bitcoin tanked Wednesday after Elon Musk said Tesla will no longer accept the cryptocurrency, citing concerns about the use of fossil fuels for mining the coin. CEO Musk tweeted Wednesday to say the electric car manufacturer ‘has suspended vehicle purchases using Bitcoin’.  Creating Bitcoins and other cryptocurrencies requires a lot of electricity, releasing massive … Read more

Price of Bitcoin sinks 15% after Elon Musk says Tesla will no longer accept it as payment

The price of Bitcoin tanked Wednesday after Elon Musk said Tesla will no longer accept the cryptocurrency, citing concerns about the use of fossil fuels for mining the coin. CEO Musk tweeted Wednesday to say the electric car manufacturer ‘has suspended vehicle purchases using Bitcoin’.  Creating Bitcoins and other cryptocurrencies requires a lot of electricity, releasing massive … Read more

Sotheby’s offers first ever auction cryptocurrency payment option as it sells Banksy for $3m-$5m

Auction house Sotheby’s is auctioning the first ever piece of fine art that can be paid for using cryptocurrency.  The auction firm’s New York outpost has announced that it will accept cryptocurrencies Bitcoin or Ethereum, also known as Ether, for Banksy’s Love is in the Air, which goes up for sale on May 12. The … Read more

Signal testing out payment system in the UK

Encrypted messaging app Signal has become pretty popular the past few months due to the fallout from WhatsApp’s new privacy policy. So now is probably a good time for them to try out something new, at least for their users in the U.K. They have announced that they are testing out a new Signal Payments … Read more

What should I do if I’m struggling with a monthly mortgage payment?

Missing a mortgage payment is something most homeowners would never dream of doing but often it can be taken out of their control.  Throw an illness, family emergency or global pandemic into the mix, and paying the monthly balance can quickly become a struggle. This is especially true for those without significant savings.  Currently, 43 per cent … Read more

Samsung, Mastercard to team up for a biometric payment card

It’s an interesting time for retail stores now as they try to limit contact for purchases while the pandemic is still pretty much active. But even when things get better, contactless payment will probably still be something that both consumers and companies will pursue. Samsung has announced a partnership with Mastercard as they’re signing a … Read more