Elon Musk Sends BTC Below $46,000, Promotes XRP While IRS Plans Seizure of Debtors' Crypto: Day in Video With U.Today

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Fri, 14/05/2021 - 9:21

Elon Musk Sends BTC Below $46,000, Promotes XRP While IRS Plans Seizure of Debtors' Crypto: Day in Video With U.Today

Bitcoin (BTC) plunges below $46,000 as Tesla refuses to accept BTC payments. CEO Musk accuses BTC of high energy consumption and seeks an alternative.

Pro-Ripple attorney John Deaton claims that Tesla's Musk has handed “the best ad campaign” to XRP. Tesla is terminating Bitcoin payments due to environmental concerns.

IRS deputy associate chief counsel Robert Wearing claims his body is considering the seizure of crypto that belongs to holders with unpaid tax debts. Confiscated crypto will be sold at auction. Should you be scared?

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About the author

Rimma Trukhina

Rimma has been working in crypto media for more than 5 years. She’s an editor at U.Today. Her previous experience includes the head of social media at Cointelegraph. She is in contact with many prominent people in the blockchain field, including CZ, Roger Ver, Charles Hoskinson, David Sonstebo and others. Her area of greatest interest is the influence of opinion leaders in crypto, the latest blockchain developments, crypto adoption and how all of this affects our daily lives. Rimma can be contacted at rimma@u.today.