Bik coin mining uses as much electricity as a small country. Elon musk has said publicly that there is an energy problem in the industry. But does he think bi coin fansl will take this seriously? We'll have to wait and see, says John Defterios.
Airbnb’s first-quarter revenues showed a strong recovery in travel in the US as pandemic restrictions eased, and Netflix tries to adjust as it moves from streaming industry disruptor to defensive incumbent. Plus, Elon Musk rocked the cryptocurrency market when he announced Tesla will no longer accept bitcoin as payment. The FT’s markets editor, Katie Martin, explains why the electric carmarker’s CEO made the reversal.
Airbnb says customers paying higher prices as travel demand rises