fix the money, fix the world

5.25.2021

World War Bitcoin

Elon Musk changes his tune on bitcoin mining

Bitcoin and other cryptocurrencies plunged earlier this month after Elon Musk said Tesla would stop accepting bitcoin as payment for its vehicles because of the huge amount of energy needed to mine bitcoin. But Musk might be having a slight change of heart.

White House reviews ‘gaps’ in cryptocurrency rules

Biden administration discusses cryptocurrency guardrails that still allow investors to ‘dogecoin to their heart’s content’

ELON MUSK, MICHAEL SAYLOR ANNOUNCE BITCOIN MINING COUNCIL

Elon Musk and Michael Saylor attended a private meeting with North American bitcoin miners to propel renewable energy use.

Story from Markets Number of Bitcoin Holders Shoots to Record High

https://www.coindesk.com/number-of-bitcoin-accumulation-addresses-hit-record-high

Bitcoin traders using up to 100-to-1 leverage

Traders taking excessive risk in the unregulated cryptocurrency market being forced to sell when prices go down were in large part responsible for last week’s 30% drop in prices and outages for major exchanges, according to analysts. A burgeoning bitcoin lending market is also adding to the volatility.

ARK INVEST BUYS NEARLY $20 MILLION WORTH OF BITCOIN

The recent price dips of bitcoin have given many investors the chance to accumulate BTC at a relatively low price. For instance, asset management company Ark Investment Management, led by Cathie Wood, used the chance to snap up almost $20 million worth of bitcoin.