On June 13, Tesla CEO tweeted that he will accept Bitcoin electric vehicle payments again. However, this only happens when Bitcoin miners can prove that about 50% of the energy they use is clean energy. According to Reuters, Bitcoin price increased 5% to 37,360.63 USD at 1:10 am on June 14 (Vietnam time) after Mr. Musk’s tweet. Musk also said that Tesla will sell about 10% of its Bitcoin holdings to show that Bitcoin can be easily liquidated. During the first quarter of the year, Tesla sold about $272 million in “virtual assets,” which reduced its operating loss by $101 million. Tesla CEO comments about cryptocurrencies often cause price fluctuations. As a result, he was criticized by CEO Magda Wierzycka of asset management company Sygnia as a “market manipulator” and that the US Securities and Exchange Commission (SEC) should investigate. In February, Tesla revealed in an SEC filing that it had purchased $1.5 billion in Bitcoin and would accept Bitcoin as payment for its products. However, then the electric car company paused due to concerns about the method of mining virtual currency, which requires huge electricity consumption, affecting climate change. “We are concerned about the rapidly increasing use of fossil fuels to mine and trade Bitcoin, especially coal, which is the worst emitter,” Musk tweeted in May. Du Lam (According to Reuters)

Even recently, a “virtual currency” called Phuong Hang token has also appeared on social networks. This is a cryptocurrency that is created and works based on an existing token. (Screenshots) (Photo: Facebook NN) Specifically, Phuong Hang token is developed based on the Binance Chain platform. This virtual currency is codenamed MPH (short for Mrs Phuong Hang). The development team said that the creator of the virtual currency Phuong Hang has canceled the token owner rights and left it to the community to manage. The total issuance of Phuong Hang token is 26,011,971,000,000 (26 trillion tokens). The number of tokens created according to the birth date of giant Nguyen Phuong Hang is January 26, 1971. (Photo: Facebook NN) 60% of these tokens will be liquidated on the Pancake virtual currency exchange and locked for 1 year, 30% burned and 10% used for marketing and airdrop costs. Currently, investors can buy Phuong Hang virtual currency for 1 MPH to exchange 0.00000000279451 USDT (Each USDT is equivalent to 1 USD). (Screenshots) Similar to Dogecoin, Shiba coin or Akita coin, … Phuong Hang virtual currency or Phuong Hang token is actually a type of meme coin (virtual money born for entertainment purposes). This currency is very easy to manipulate by celebrities. Their value can also turn around at any time. Therefore, investors need to be very careful when speculating or hoarding this virtual asset.