Is crypto some kind of joke to you, Elon Musk? Surely you know that our fractious community hangs onto your every mention of Bitcoin. So why, then, do you torment us so?
Musk, CEO of Tesla, SpaceX and self-titled "Lord" Edge, today tweeted that Bitcoin is his "safe word," which we hoped was a reference to Bitcoin's security as a safe haven asset and a hedge against the US dollar. Nope! Musk tweeted an hour later: "Just kidding, who needs a safe word anyway?!"
Musk further ground our gears into dust when he tweeted a raucous, tasteless! image of a sultry woman whose genitals he had concealed with the Bitcoin logo. Next to the temptress was a monk, to whom Musk could presumably relate, with the caption, "Me trying to live a normal productive life."
At this juncture, Justin Sun, CEO of Tron, cut the tension when he tweeted, "Please consider taking #Bitcoin private at $100,000. Funding secured."
Smoke from Nicaraguan cigars choked out the room as a heavy-set Bitcoin miner from the Deep South explained how the industry was expanding at an exponential rate.
"You have no idea," he said at this year's Mining Disrupt pre-party in Fort Lauderdale, Florida, before following up with the common Bitcoiner maxim—repeated by President Trump on the campaign trail—that you should never sell your stash.
Having been involved in the space since the early days, he recalled buying a Ferrari with orange c...
Elon Musk’s favorite cryptocurrency made a comeback at the end of last year as retail investors flooded back into the market to snap up Dogecoin. The coin was launched as a joke in 2013, but has persisted over the years and remained prominent.
But just how serious is the business of mining the O.G. meme coin? People are actively buying the machines to do so, according to vendors at this year’s Mining Disrupt conference in Fort Lauderdale, Florida.
Though the conference was heavily focused on th...
Banks can engage in cryptocurrency and other legally permitted activities without seeking prior regulatory approval, so long as they manage risks appropriately, The Federal Deposit Insurance Corporation announced Friday.
The policy change rescinds a 2022 requirement that mandated FDIC-supervised institutions notify the agency before engaging in crypto-related activities. Under the new guidance, banks can offer services involving digital assets without the agency's advance permission.
"With today...
