Cryptocurrencies
Bitcoin Falls, But MicroStrategy Buys; World Bank: Recovery Will Be Uneven
The Tysons Corner, Virginia-based analytics and business-intelligence company plans to offer $500 million in debt to acquire additional Bitcoin. The World Bank says top economies will see their fastest recovery in 80 years, but many poor nations will struggle to regain pre-pandemic income levels.
Trump: Bitcoin a 'Scam'; 'Shrinkflation' Raising Retail Costs
"In true Trump style, his words are contradictory, claiming that Bitcoin is both a 'scam' and yet it competes with the dollar," Jason Deane, Bitcoin analyst at Quantum Economics, in London, told Newsweek.
Colonial Pipeline CEO: No One 'Wants To Know' Results if Ransom Went Unpaid
"That's an unknown we probably don't want to know. And it's an unknown we probably don't want to play out in a public forum," Colonial Pipeline CEO Joseph Blount said about the attack.
Elon's Bitcoin Tweets Rile Faithful; Economists Struggle Comparing 2021-20
Elon Musk's recent comments about Bitcoin undercut the efforts of investors to establish it as an asset class, and could erode Musk's standing as leader of his two major companies, Tesla and SpaceX.
Cyberattacks on U.S. Companies 'Will Only Intensify,' Warns Gina Raimondo
Raimondo said the proposed American Jobs Plan looks to "shore up investments" aimed at preventing cybersecurity attacks in all industries.
Anonymous Threatens Elon Musk in Video Telling Him to 'Expect Us'
The hacking group posted a video message for the billionaire after he posted a cryptic tweet about Bitcoin that prompted the cryptocurrency to tumble in value.
Bitcoin to Become Legal Tender in El Salvador, President Says
President Nayib Bukele has announced that he will be introducing a bill to make El Salvador the first sovereign state to accept bitcoin as a legal tender.
Floyd Mayweather Urges Fans to Buy NFT, Says Cryptocurrency the 'New Wave'
Mayweather will face social media personality Logan Paul in the ring this weekend for an exhibition match.
Laura Loomer Ambushes Jack Dorsey, Accuses Him of Election Meddling
"How can you say that this is a currency for everyone in the world when you are the king of censorship?" the far-right activist shouted at the Bitcoin 2021 conference.
Bitcoin Finds Portfolio Niche; Crude Oil Reaches Pre-Pandemic Price
"It's not about avoidance but rather portfolio construction based on an individual's investment goals or situation," Bill Herrmann, Co-Founder and Managing Partner at Wilshire Phoenix in New York told Newsweek.
Everything You Need to Know About C*mRocket Cryptocurrency
The value of the new cryptocurrency surged after the Tesla CEO tweeted: "Canada, USA, Mexico."
Bitcoin More Likely to Hit $100k in '21 Than Dip to $20k: Bloomberg Analyst
Cryptocurrency investors and analysts believe the decentralized digital currency will rise further in value in the coming months and years.
Elon Musk at It Again, Shares Cryptic Bitcoin Breakup Tweets
The Tesla and SpaceX CEO caused a stir after posting heartbreak memes about the famous cryptocurrency.
Bitcoin Will Recover, But New Highs Unlikely; Retailers Eye Expansion
"Several on-chain and network indicators have reflected a bullish skew over the week [for Birtcoin], albeit most being relatively neutral for the short and medium-term," Lennard Neo, a certified financial analyst and head of research at Stack Funds in Singapore, said in a research report.
Mark Cuban Rips SEC for 'Zero Understanding' of Cryptocurrency
"One certainty is crypto will continue to positively impact business more than the SEC," the billionaire entrepreneur tweeted.
NFL Star Russell Okung Calls Out Elon Musk in Billboard Over Bitcoin Mining
According to Decrypt, Okung launched his "Stick to space, Elon," campaign on Wednesday, targeting Musk's recent criticism of Bitcoin mining's energy use.
CIO of Amundi, Europe's Second Largest Asset Manager, Calls Bitcoin 'Farce'
"Bitcoin will be remembered for pushing central banks to adopt digital money," Blanque said during the news conference, according to Reuters. Blanque added that regulators and governments will ultimately "stop the music," with Bitcoin and other cryptocurrencies.
Elon Musk Tweets About "Baby Shark" Song, Price of Baby Shark Crypto Spikes
The obscure cryptocurrency token rose in price just after the SpaceX CEO posted an unrelated tweet about the viral video on Tuesday.
Male Millennials Dominate Crypto Investing; Musk Tweets Getting SEC Notice
Males outnumber females about 86% to 14% in the crypto market, while millennials, ages 25 to 35, make up 41.5% of Bitcoin investors. Meanwhile, Elon Musk keeps tweeting, and the SEC is taking notice.
Dogecoin Fans Make 'DogeCoinTo1Dollar' Trend As Price Spikes
Elon Musk, SpaceX CEO and Dogecoin fan, may have also affected the crypto's price with a tweet.
Petition for Robinhood to List Shiba Inu Among Change.Org's Most Popular
The petition has garnered nearly 86,000 signatures, meaning it ranked as the 10th largest U.S. petition for May.
Dogecoin Spikes 5% After Coinbase Says It Will Support the Cryptocurrency
Users can now transfer Dogecoin into their account and start trading it on June 3, but only if the exchange maintains enough liquidity in the DOGE token.
Crypto Wobbles, with more 'Puts" than 'Calls'; Dollar Ticking Down
Crypto prices have recovered from the lows, but investors remain cautious. Meanwhile, the dollar continued to tick down as traders assessed U.S. inflation, job growth and consumer spending amid the economic rebound from the COVID-19 lockdown.
Elon Musk Says a Dogecoin Festival Sounds 'Fun' Ahead of Bitcoin Conference
The upcoming Bitcoin 2021 conference in Miami may host upwards of 50,000 people—though tickets aren't cheap.
UK Police Raid Suspected Cannabis Farm, Find 'Huge' Bitcoin Mining Farm
"They are all classic cannabis factory signs — but when officers gained entry, they found a huge bank of around 100 computer units as part of what's understood to be a Bitcoin mining operation," the West Midlands Police Department said in the press release.
First US Convenience Store Chain to Begin Accepting Cryptocurrency Payments
Pennsylvania-based Sheetz will partner with digital payment network Flexa to become the first convenience chain in the U.S. to offer cryptocurrency as a payment option.
Africa and the Future of Digital Currency
Just as Africans adopted quickly and with alacrity to mobile payment systems, they may likewise lead with digital currencies.
Financial Inclusion is a Human Right. Policy Must Reflect That
Traditional banks have played their role in keeping too many people unbanked and underbanked for decades. Digital banks are creating the competition and growth the sector needs if it will adapt to new customers—but governments must support them.
Tiger King Transitions to Cryptocurrency, Proceeds to Go to Defense Fund
Tiger King "Joe Exotic" has announced his own cryptocurrency, while competitor Carole Baskin released her cryptocurrency earlier this month.
Carl Icahn Says He May Put $1Bn in Crypto After Calling It 'Ridiculous'
The billionaire said he thought cryptocurrency is "here to stay in one form or another" despite previous skepticism.