U.Right now – The neighborhood is buzzing on X, questioning what prompted Elon Musk's X platform to take away Bitcoin hashmoji after his absence was famous. His removing was then confirmed by a member of the X crew.
X now not exhibits bitcoin hashmoji
X person βDogeDesignerβ (@cb_doge), who’s a member of the DOGE crew and an X insider, shared that Bitcoin hashmoji now not works on X. Solely the bitcoin hashtag stays.
He gave no clarification for this surprising choice, leaving the crypto neighborhood on X confused. A heated debate is rising about what prompted Elon Musk to order the removing of the hashmoji of the world's flagship cryptocurrency, added by Twitter co-founder and former CEO Bitcoiner Jack Dorsey.
A number of Bitcoin influencers, together with JAN3 boss Samson Mow, Bitcoin early adopter, BTC millionaire Jeremy Davinci, and dealer @TheMoonCarl have commented on the removing.
Nonetheless, evidently it's not simply Bitcoin, hashmojis for all different cryptocurrencies have been faraway from X.
Tesla (NASDAQ: ) Nonetheless Holds Bitcoin
As reported by U.Right now, as of April this yr, Elon Musk's electrical automobile maker, Tesla, nonetheless holds a big stockpile of Bitcoin β with $184 million price of BTC on the corporate's steadiness sheet, based on Tesla's Q1 2024 earnings report.
In February 2021, the corporate introduced the acquisition of $1.5 billion in bitcoins. After that, Musk introduced that Tesla has began accepting funds in Bitcoin for the electrical vehicles it manufactures. This pushed the world's largest cryptocurrency to an all-time value peak above the $60,000 stage in April.
Nonetheless, in the identical month, Musk instantly introduced that Tesla had stopped accepting bitcoins on account of environmental considerations over proof-of-work BTC mining.
Nonetheless, Tesla continued to carry bitcoins on its steadiness sheet, however then step by step started promoting off its BTC stockpile. The aforementioned $184 million price of Bitcoin is all that's left of it now.
No X coin shall be launched on Musk
Lately, X has been getting ready to launch inner funds and securing the mandatory licenses in numerous US states.
Whereas one may assume that Elon Musk is likely to be cleansing up the area and eradicating the hashmoji of Bitcoin and different cryptocurrencies, he has made it clear a number of occasions that none of his corporations, together with X, are going to launch their very own cryptocurrency.
This text was initially revealed on U.Right now
