El Salvador Legalizes Bitcoin, Will Others Follow? Secrets of Mall Survival
El Salvador's legislature has adopted a bill making Bitcoin legal tender, the first nation to recognize the cryptocurrency as an acceptable form of payment for all debts. "Although enclosed shopping centers are continuing a contraction...the long-term future of malls is bright," an expert said.
Bitcoin Claws Its Way Back Up; Retail Sales on the Rise
Bitcoin's 10% climb in the last two days raises a basic question: Is this a dead cat bounce or the foundation for a rally? The National Retail Federation (NRF) said it expects retail sales to increase 10.5% to 13.5% this year compared with 2020.
Man Makes Millions Using 'Cow Poop' to Run Cryptocurrency Mining Firm
A cryptocurrency mining company has claimed to have found a greener solution to consumer concerns about ties to fossil fuel: cow manure.
Bitcoin Falls, But MicroStrategy Buys; World Bank: Recovery Will Be Uneven
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.
Trump: Bitcoin a 'Scam'; 'Shrinkflation' Raising Retail Costs
"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.
Colonial Pipeline CEO: No One 'Wants To Know' Results if Ransom Went Unpaid
"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's Bitcoin Tweets Rile Faithful; Economists Struggle Comparing 2021-20
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.
Anonymous Threatens Elon Musk in Video Telling Him to 'Expect Us'
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.
Bitcoin to Become Legal Tender in El Salvador, President Says
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.
Laura Loomer Ambushes Jack Dorsey, Accuses Him of Election Meddling
"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.
Bitcoin Finds Portfolio Niche; Crude Oil Reaches Pre-Pandemic Price
"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.
Bitcoin More Likely to Hit $100k in '21 Than Dip to $20k: Bloomberg Analyst
Cryptocurrency investors and analysts believe the decentralized digital currency will rise further in value in the coming months and years.
Elon Musk at It Again, Shares Cryptic Bitcoin Breakup Tweets
The Tesla and SpaceX CEO caused a stir after posting heartbreak memes about the famous cryptocurrency.
Bitcoin Will Recover, But New Highs Unlikely; Retailers Eye Expansion
"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.
Mark Cuban Rips SEC for 'Zero Understanding' of Cryptocurrency
"One certainty is crypto will continue to positively impact business more than the SEC," the billionaire entrepreneur tweeted.
NFL Star Russell Okung Calls Out Elon Musk in Billboard Over Bitcoin Mining
According to Decrypt, Okung launched his "Stick to space, Elon," campaign on Wednesday, targeting Musk's recent criticism of Bitcoin mining's energy use.
CIO of Amundi, Europe's Second Largest Asset Manager, Calls Bitcoin 'Farce'
"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.
Male Millennials Dominate Crypto Investing; Musk Tweets Getting SEC Notice
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.
Crypto Wobbles, with more 'Puts" than 'Calls'; Dollar Ticking Down
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.
Elon Musk Says a Dogecoin Festival Sounds 'Fun' Ahead of Bitcoin Conference
The upcoming Bitcoin 2021 conference in Miami may host upwards of 50,000 people—though tickets aren't cheap.
UK Police Raid Suspected Cannabis Farm, Find 'Huge' Bitcoin Mining Farm
"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.
Africa and the Future of Digital Currency
Just as Africans adopted quickly and with alacrity to mobile payment systems, they may likewise lead with digital currencies.
Financial Inclusion is a Human Right. Policy Must Reflect That
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.
'Extreme Fear' on Bitcoin Fear and Greed Index, Housing Demand Surges
The Bitcoin fear and greed index registered "extreme fear" Wednesday—but that could be a buying opportunity for gutsy investors, especially as the timid have sold into a falling market.
Elon Musk Dons a Bitcoin Mining Hat, and Fed Downplays Inflation Risk
On the strength of two recent tweets from Elon Musk, Bitcoin Armageddon has been avoided—at least for now. And Federal Reserve Chairman Jerome Powell has predicted that any increase in inflation above the Fred's 2% target will be "transitory."
Bitcoin Price Rollercoaster Continues as Banks Unsure How to Approach it
Goldman Sachs, HSBC and the Bank of England are among institutions to take different stances on the cryptocurrency.
Bull Runs in Crypto Explained After Elon Musk Tweets, Deletes Meme
The Tesla and SpaceX CEO's tweet followed a period of significant decline for the cryptocurrency market over the past week or so.
Bitcoin Losing Support as 'Store of Value,' Inflation Looms Over Recovery
The price of gold has risen as Bitcoin's value has plunged, and the economic recovery from the pandemic is threatened by indications of impending inflation.
Billionaire Hedge Fund Manager Backs Bitcoin Over Traditional Bonds
"The more we create savings in [bitcoin], the more you might say, 'I'd rather have bitcoin than the bond.' Personally, I'd rather have bitcoin than a bond," Dalio said.
China's Crypto Crackdown Affects Nearly 70 Percent of Global Crypto Supply
The government measures announced late Friday mean large-scale crypto mining will move out of China.