Elon Musk, the CEO of Tesla and SpaceX, has persistently backed dogecoin, a cryptocurrency based on memes. He indicated in October that he had invested in it, as well as bitcoin and ether.
If this real estate listing is any indication, Connecticut's Gold Coast will soon become the Crypto Coast.
Allowing a competitive currency market to emerge would strengthen the dollar now while also ensuring its future role as the world's reserve currency.
Three Nigerian citizens are accused of buying bitcoin worth more than $43 million through cryptocurrency trading platforms including Binance and Busha with money laundering profits. Between October and November 2020, the trio is accused of transferring approximately $215 million from Nigeria to Kenya.
Shakhtar Donetsk, one of Ukraine's most popular soccer teams, will offer a collection of non-fungible tokens (NFTs). The team plans to auction off numerous autographed jerseys to generate money for Ukrainians affected by Russia's continuing conflict.
The digital currency markets have been volatile in recent months, with bitcoin losing 15.43% and ethereum losing 17.49% versus the US dollar. Furthermore, crypto spot sales are down 18.95 percent from the previous month, while futures and options volumes were also down in April. Lower-than-average transaction volumes usually indicate a drop in general interest, and investors may be waiting for lower prices.
Following Elon Musk's $44 billion purchase of Twitter, EU authorities have issued a warning to the world's richest man: play by the rules.
Brent Whitehead and Matt Lohstroh decided to start mining bitcoin in the oil fields of East Texas when they were sophomores at Texas A&M University. The year was 2019, and the concept of oil and gas firms partnering with bitcoin miners was considered both radical and controversial at the time.
At Berkshire Hathaway's annual shareholder meeting on Saturday in Omaha, Nebraska, CEO Warren Buffett and vice chairman Charlie Munger took turns slamming bitcoin.
'The one thing I’m pretty sure of is that it doesn’t produce anything.'