Elon Musk's X Removes Bitcoin Hashmoji, Group Left Buzzing

U.Right now – The neighborhood is buzzing on X, questioning what has made Elon Musk’s X platform take away the Bitcoin hashmoji after its absence was seen. Its removing was then confirmed by an X group member.

X not exhibits Bitcoin hashmoji

X person “DogeDesigner” (@cb_doge), who’s a member of the DOGE group and an X insider, shared that the Bitcoin hashmoji doesn’t work on X any extra. Solely the Bitcoin hashtag is left.

He didn’t present any rationalization for this surprising choice, leaving the crypto neighborhood on X puzzled. Heated discussions have been rising about what made Elon Musk order the removing of the hashmoji of the world’s flagship cryptocurrency, which was added by the Twitter cofounder and its former CEO Bitcoiner Jack Dorsey.

A number of Bitcoin influencers have commented on that removing, together with JAN3 boss Samson Mow, an early Bitcoin adopter, BTC millionaire Jeremy Davinci and dealer @TheMoonCarl.

It appears, nonetheless, that it isn’t solely Bitcoin however hashmojis for all different cryptos 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 producer, Tesla, nonetheless holds a big Bitcoin stash – there may be $184 million value of BTC on the corporate’s steadiness sheet, in keeping with Tesla’s Q1, 2024, earnings report.

In February 2021, the corporate introduced buying $1.5 billion in Bitcoin. After that, Musk introduced that Tesla began to simply accept Bitcoin funds for the electrical cars it produces. This pushed the world’s largest crypto to a historic worth peak above the $60,000 degree in April.

Nonetheless, in the identical month, Musk immediately introduced that Tesla stopped accepting Bitcoin over environmental issues about proof-of-work-based BTC mining.

Tesla continued holding Bitcoin on its steadiness sheet, although, however then it started to step by step promote its BTC stash. The aforementioned $184 million value of Bitcoin is all that’s left of it by now.

No X coin to be launched, per Musk

Just lately, X has been making ready to launch inner funds and has been securing the required licenses in numerous U.S. states.

Whereas one might imagine that Elon Musk may maybe be clearing area and eradicating the hashmojis 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 printed on U.Right now