The cryptocurrency is up by around 50 percent since the start of the year.
Tesla's announcement, in a US Securities and Exchange Commission document, is a sign of confidence in the cryptocurrency that regulators are concerned could be used for illegal transactions. A number of central banks have responded to the rise of cryptocurrencies and the dwindling global use of cash by announcing plans for bank-backed digital units.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: