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Tesla will accept Dogecoin for payment for certain products
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Tesla will accept Dogecoin for payment for certain products

created Simon petersDecember 20, 2021

Bitcoin i Ethereum continued the pre-Christmas decline last week. BTC faced an unstable week but remained well below the $ 50 mark. After a brief spike to over $ 000 on Wednesday, the cryptocurrency continued to decline, now costing around $ 49.

Meanwhile, ETH followed a similar path, dropping to close to $ 3600 at one point on Wednesday before returning to over $ 4000. The cryptocurrency is currently declining again, bringing the price to around $ 3800.

The founder of TRON leaves

Founder TRON, Justin Sun, announced that he was abandoning his crypto project to become an ambassador World Trade Organization (WTO) for Granada. Sun says he is leaving to help promote cryptocurrency projects and raise awareness of blockchain technology in Latin America. With the departure of the founder, the TRON network he founded remains "Essentially decentralized"as he says. Ties with Sun have been withdrawn.

Project token, TRX and blockchain offer a decentralized open source protocol for the entertainment industry. The token can be used to pay for content on its decentralized platform that aims to compete for content distribution with giants like YouTube i iTunes.

Crypto investors delve into English soccer

A consortium of crypto investors has offered to buy Bradford FC while a well-known bitcoin investor, Peter McCormack, bought the lower tier football club Bedford FC. A consortium named WAGMI United intends to buy League One Bradford FC, which was confirmed by club president Stefan Rupp. WAGMI's plans to buy the club were revealed to the Washington Post. Investors want to build NFT as a unique feature of the club, using this technology to offer unique opportunities to investors and fans.

Regarding Bedford FC, McCormack announced in a long Twitter thread that he intended to turn the minor club into a Premier League contender by using "Bitcoin in your heart"making it a "bitcoin club". McCormack said he had already secured the club's sponsorship and said capital investment through cryptocurrencies could help the club advance to the leagues. Bedford FC currently plays in the South Midlands League Division 1, about 10 divisions below the Premier League.

Tesla will accept dogecoin

Elon Musk announced that Tesla will accept dogecoin for payment for certain products. On Twitter, which is often the modus operandi of the eccentric billionaire, Musk announced:

"Tesla will make some merchandise available from Doge, and we'll see what it is like."

Dogecoin's price soared after a tweet, reaching over $ 0,20. However, information on the actual offer is still limited. Tesla sells a variety of goods that can cost anywhere from $ 50 to $ 1500. As of this writing, dogecoin currently costs around $ 0,16.

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About the Author
Simon peters
eToro analyst. A graduate of the Faculty of Mechanical Engineering at Brunel University in London. He is CFA UK Level 4 certified in Investment Management.
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