Bitcoin

Musk dispelled the rumours that he is the creator of Bitcoin. However, he did share who he thinks he is. Elon Musk, the CEO of Tesla and SpaceX, denied the allegations that he was the creator of Bitcoin. Musk talked about all things crypto in a Tuesday podcast appearance, touting his favourite crypto, Doge. He also discussed who the original creator of Bitcoin might be. Musk responded to a question about the rumours that he was Satoshi Nakamoto, the pseudonymous…

Iran has given Bitcoin mixed treatment across time – especially regarding mining. The country has temporarily reinstated its Bitcoin mining ban to prevent possible electricity blackouts in another policy flip. While significant network hash power emerges from the country, the ban won’t compromise its security in any substantial way. Another Ban From Iran The Iranian Ministry of Energy authorized local miners to suspend operations this week. Also, the ban is a safety measure not to overwhelm the grid. After all,…

Billionaire and vice chairman of Alibaba like crypto. Joe Tsai, a billionaire with a net worth of $8.7 billion and Alibaba vice-chairman, shared a cryptic tweet. The tweet wrote, "I like crypto". https://twitter.com/joetsai1999/status/1475705992964763655 At first glance, the statement doesn't sound that interesting. However, Joe Tsai is the executive vice-chairman of Alibaba Group, one of the largest e-commerce corporations in the world. Alibaba Group is a firm based in China, a country that does not hesitate to pressure private companies. China has…

Bitcoin isn’t just a currency or a property but also a gift. This Christmas, Mac Jones – Quarterback for the NFL’s New England Patriots – gifted Bitcoin to his entire offensive line. The move is yet another demonstration of athletes’ enthusiasm for cryptocurrencies. “Santa Mac” Jones collaborated with Bitcoin Magazine and CEO David Bailey to help deliver the gift, reporting the plan on Christmas Eve. Alongside some actual Bitcoin, Jones and Bailey arranged a print subscription of the magazine for…

Mexican billionaire urged his followers to stay away from "fake" fiat money - and invest in Bitcoin instead. In his tweet on Christmas Eve, Billionaire Ricardo Salinas Pliego warned his followers about fiat money. He said that fiat money, like U.S. dollars, is nothing but "paper and lies." Stay away from fiat money. The dollar, Euro, yen or peso - they are all the same story. It's fake money made from paper and lies. Salinas, the third-richest man in Mexico…

Multiple billionaires engaging in Twitter drama is not something you see every day. Yet that's just what happened - a Twitter fight featuring multiple tech CEOs, from Jack Dorsey to Elon Musk. The reason for the fight? Crypto and Web3. And with so much money in the space, it is no wonder discussions can turn heated. It all started when Jack Dorsey, CEO of Block and former CEO of Twitter, called out Web3. This drew ire from Web3 investors, leading to…

A crypto analyst pointed out the correlation between BTC and Nasdaq - in which Bitcoin is a leading indicator. CNBC analyst Brian Kelly pointed to a correlation between Bitcoin and Nasdaq's tech index. The two assets seem to trade in lockstep. Kelly calls himself a Bitcoin televangelist and points to a chart showing BTC and Nasdaq together. Moreover, BTC appears to lead the tech index by "about 5 to 10 days." A 30-day rolling correlation between Bitcoin and Nasdaq is…

Though Bitcoin hasn’t seen a historically precedented December takeoff, the bear market may still be a long way out. Mike McGlone – Senior Commodity Strategist at Bloomberg Intelligence – recently called the asset an “enduring bull-market.” Moreover, institutional adoption continues to rise while several indicators suggest that Bitcoin has a bright future in 2022. McGlone’s Analysis Earlier today, McGlone offered his bullish analysis in conversation with Bloomberg’s Paul Sweeney and Sonali Basak. Whereas he characterizes oil as an “enduring bear…

Former US President Donald Trump remains stubbornly opposed to the digital asset ecosystem. In a recent interview, he called cryptocurrencies “a hazardous thing” while showing a strong preference for the US dollar. His stance against the industry puts him in rare agreement with Hillary Clinton, who believes that crypto threatens dollar hegemony. Dollars Over Bitcoin, Says Trump Trump re-established his disdain for cryptocurrency in conversation with Fox anchor Maria Bartiromo on Tuesday. She asked him about his thoughts on the…