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“Elon Musk sued for $258 billion over dogecoin ‘pyramid scheme’” Elon Musk was hit with a $258 billion lawsuit that alleges the tech mogul and his high-profile companies “are engaged in a crypto pyramid scheme by way of dogecoin cryptocurrency.” In federal court papers filed in Lower Manhattan, the plaintiff, Keith Johnson, names Musk as…
” Accepting Bitcoin for your business just like Tesla: Report “ Tesla temporarily embracing Bitcoin (BTC) as a method of payment for its products was conceivably one of the catalysts that pushed asset prices to record highs last year and put the spotlight on crypto legitimacy — particularly in the realm of payments. Moreover, crypto…
” BTC price rejects at $23K as US dollar declines from fresh 20-year highs “ Bitcoin (BTC) ran out of steam near $23,000 on June 16 after the biggest United States key rate hike in nearly thirty years. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar strength wobbles after rate hike news Data from Cointelegraph…
” Banking uses 56 times more energy than Bitcoin: Valuechain report “ Fresh figures on Bitcoin’s (BTC) energy consumption, efficiency and scalability serve to expose the banking sector while bathing the world’s largest cryptocurrency in a new light. A research report published by Michel Khazzaka, an IT engineer, cryptographer and consultant, calculates that Bitcoin payments are…
” Bank of Russia backs cross-border crypto payments vs. domestic trade “ Russia’s central bank governor Elvira Nabiullina is the latest official to confirm that the country is warming to the idea of cryptocurrency payments, but not domestic ones. According to Nabiullina, cryptocurrencies can be used in cross-border or international payments only if they don’t…
” ‘Builders rejoice’: Experts on why bear markets are good for Bitcoin “ The crisis has triggered a wave of panic in the community, with the Bitcoin miners’ selling activity surging to seven-month highs as the BTC mining profitability has dropped to October 2020 levels. Bitcoin’s Fear and Greed Index fell posted the lowest records…
” CAR president urges citizens to understand Bitcoin to bring long-term prosperity “ Despite the cryptocurrency market’s prolonged bearish trend, some of its most ardent supporters have not been discouraged. This includes the president of the Central African Republic (CAR), who remains bullish on Bitcoin (BTC) and crypto. Understanding #Bitcoin is crucial to acknowledge its…
” ‘Buy Bitcoin, plant a tree, lower your time preference’: a Sequoia story “ When the market falls faster than a tree in the forest, the phrases “zoom out,” and “lower your time preference,” take root. “Zoom out” refers to taking a break from the omnipresent price charts that populate news feeds and Twitter threads….
“California man Scott Berkett admits to using bitcoin in murder-for-hire of ex” A Beverly Hills man admitted to using bitcoin in an attempt to hire a hitman to murder his ex-girlfriend after she wanted to end their brief relationship, federal prosecutors said. Scott Berkett, 25, pleaded guilty in the murder-for-hire plot in which he paid…
” ‘Cheaper than it looks’: Fidelity exec says BTC undervalued and oversold “ Jurrien Timmer, Fidelity’s director of global macro, has argued that Bitcoin (BTC) may be “cheaper than it looks”, highlighting evidence on Tuesday that the cryptocurrency may be both undervalued and oversold. Addressing his 126,000 Twitter followers, Timmer explained that while Bitcoin has…