On Wednesday, Bukele tweeted that he had instructed the state-owned geothermal electric company LAGeoSV to power bitcoin mines with “very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos.” “This is going to evolve fast!” he added. Indeed, just a couple hours later, Bukele tweeted a video of …
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Infamous for his market-rattling tweets about dogecoin and bitcoin, the billionaire appears to have once again caused blockchain-related mayhem… but adult-themed, this time. Although Musk offered no explanation for what he meant by the symbols – a water-like emoji next to a rocket, with an arrow pointing towards the moon …
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Bitcoin recovered to $36,554 per token on Monday. It hit a high for the year of $64,895.22 on April 14. “Many point to bitcoin’s volatility as untenable,” RBC Capital Markets’ Amy Wu Silverman wrote, according to Reuters. “Indeed, bitcoin makes severe and dizzying swings.” Other major cryptocurrencies, including dogecoin and …
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“The true battle is between fiat and crypto,” Musk said in response to a Twitter user asking the billionaire what he thinks about people who are “angry at him because of crypto.” Musk added: “On balance, I support the latter.” Fiat money is government-issued currency that is not backed by …
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Musk, who as recently as March climbed to the coveted top spot in the Bloomberg Billionaires Index before being edged out by Amazon’s Jeff Bezos, lost his runner-up position to Bernard Arnaut, chairman of world’s largest luxury goods conglomerate LVMH on Monday, the Bloomberg reported. The drop in Musk’s fortune, …
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Bitcoin dropped as low as $45,700 on Wednesday – its lowest since March 1. The token had recovered to above $50,000 at the time of writing, but is still trading at around 11% lower. The drop in value is attributed to one of the latest tweets posted by Elon Musk, …
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It was Musk’s mother Maye who name-dropped Dogecoin in the opening skit, saying she hoped it wouldn’t be her Mother’s Day gift. “It sure is,” replied the SpaceX and Tesla founder. Musk then made an appearance on the ‘Weekend Update’ segment as a financial analyst calling himself the “Dogefather,” hyping …
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The Shiba Inu-themed token surged to $0.74 on Saturday before losing some of its gains. As of 7am GMT it was still up around 15% to trade at around $0.70. Investors have been piling into dogecoin every time Elon Musk mentions the cryptocurrency – from calling it “the people’s crypto” …
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The decree was published in the Official Gazette on Saturday, taking effect immediately. Forcing the platforms to abide by the regulations could make it easier to investigate digital currency holdings, according to Bloomberg. The crypto industry has been under increased scrutiny in Turkey in recent weeks. On Friday, a ban …
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Partnering with institutional investor NYDIG, the JP Morgan fund will be actively managed – making it a standout alongside Galaxy Digital, Grayscale, and other “passively managed funds.” However, JP Morgan isn’t a complete stranger to bitcoin and its ilk, as much as its CEO Jamie Dimon might trash-talk them in …
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