Bitcoin Daily: Consumers Can Buy Teslas With Bitcoin; BIS Manager Says Crypto Needs More Regulation

Tesla CEO Elon Musk has announced that it’s now possible to buy Tesla vehicles in the U.S. using bitcoin, CNBC reported.

A support page on the Tesla website explains how to do so. The company’s cars usually cost around $37,990 and $124,000 before taxes, according to CNBC.

Musk, who is a supporter of bitcoin and bought $1.5 billion in the cryptocurrency last month, said that other countries would be able to purchase cars using bitcoin later this year, although he didn’t specify which countries, CNBC reported.

In terms of returns, Tesla’s site stated it reserves the right to pay people back in U.S. dollars equivalent to what bitcoin was worth at the time of the car purchase, per CNBC.

In other news, the Bank for International Settlements (BIS) said cryptocurrency has been used to avoid laws and needs to face more regulation, CNBC reported.

Agustin Carstens, general manager for BIS, said the form of currency is “used to do some arbitrage, or to circumvent some regulations,” and that several types of cryptocurrencies have evaded laws used to prevent terrorism or other crime, according to CNBC.

Meanwhile, Blockchain.com has finished a Series C funding round and come away with $300 million at a valuation of $5.2 billion, according to a company blog post.

With the new funding, the company plans to expand its products, hire more employees and explore merger and acquisition (M&A) opportunities, the post stated. The round follows a $120 million strategic growth round last month.

Lastly, Mars House, touted as the world’s first virtual, non-fungible token (NFT) home, has sold for over $500,000, CNN reported.

The new owner paid  artist Krista Kim 288 ether, which is equivalent to $514,557.79, for the digital property, according to CNN.

The buyer will now receive 3D files to upload to their “Metaverse,” which is a “virtual extension” of our own world, Kim said, per CNN. The virtual house will be a part of a digital landscape where plots of virtual land are purchased and traded. People can also build digital homes and businesses.