Cryptocurrencies

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.

"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.

"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 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.

Raimondo said the proposed American Jobs Plan looks to "shore up investments" aimed at preventing cybersecurity attacks in all industries.

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.

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.

Mayweather will face social media personality Logan Paul in the ring this weekend for an exhibition match.

"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.

"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.

The value of the new cryptocurrency surged after the Tesla CEO tweeted: "Canada, USA, Mexico."

Cryptocurrency investors and analysts believe the decentralized digital currency will rise further in value in the coming months and years.

The Tesla and SpaceX CEO caused a stir after posting heartbreak memes about the famous cryptocurrency.

"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.

"One certainty is crypto will continue to positively impact business more than the SEC," the billionaire entrepreneur tweeted.

According to Decrypt, Okung launched his "Stick to space, Elon," campaign on Wednesday, targeting Musk's recent criticism of Bitcoin mining's energy use.

"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.

The obscure cryptocurrency token rose in price just after the SpaceX CEO posted an unrelated tweet about the viral video on Tuesday.

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.

Elon Musk, SpaceX CEO and Dogecoin fan, may have also affected the crypto's price with a tweet.

The petition has garnered nearly 86,000 signatures, meaning it ranked as the 10th largest U.S. petition for May.

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 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.

The upcoming Bitcoin 2021 conference in Miami may host upwards of 50,000 people—though tickets aren't cheap.

"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.

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.

Just as Africans adopted quickly and with alacrity to mobile payment systems, they may likewise lead with digital currencies.

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 "Joe Exotic" has announced his own cryptocurrency, while competitor Carole Baskin released her cryptocurrency earlier this month.

The billionaire said he thought cryptocurrency is "here to stay in one form or another" despite previous skepticism.