@Yahoofinance — Bitcoin rises above $40,000 thanks to Elon Musk and Paul Tudor Jones boost. On Sunday, Musk tweeted that Tesla would resume accepting bitcoin once it is more environmentally friendly. On Monday, Tudor Jones’ compared bitcoin to gold, praising the cryptocurrency. With these remarks, its price jumped to over $400,000 after a volatile month for bitcoin.
@TheGlobeandMail — In a world first, El Salvador makes bitcoin legal tender. El Salvador has become the first country to adopt bitcoin as legal tender. With 62 out of 84 possible votes, lawmakers voted in favour of creating a law to adopt bitcoin. President Nayib Bukele also stated that El Salvador would offer citizenship to those who prove they invested in at least three bitcoins.
@RobbReport — The Daymak Spiritus Is the World’s First EV That Mines Cryptocurrency. Canadian outfit Daymak has announced that it’s building the world’s first automobile that can mine cryptocurrency. This light electric vehicle (LEV) three-wheeler named the Spiritus can make you money while it’s charging. To do so, it will be equipped with mining hardware and blockchain technology.
@NationalPost — FBI turns the tables on Colonial Pipeline hackers and recovers millions in ransom.Last month’s cyber attack on Colonial Pipeline ended in ransom paid to the perpetrators. The U.S. has since recovered 63.7 Bitcoin of the 75-Bitcoin ransom, proving that law enforcement is capable of pursuing online criminals even when they operate outside the nation’s borders.
@Coindesk — Jack Dorsey Suggests Twitter Likely to Integrate Lightning Network. Twitter founder and long-time bitcoin advocate Jack Dorsey hinted that the micromessaging system will integrate Bitcoin layer 2 payments Lightning Network. Recently, Dorsey also announced on Twitter that his other company, Square, is looking into making a hardware wallet.
@Cointelegraph — Goldman Sachs’ crypto trading desk expands to Ether. Formerly critical of cryptocurrencies, Goldman Sachs is now preparing to offer Ether in the coming months. The Wall Street investment bank will be expanding into Ether options and futures. In early May, Goldman launched a limited Bitcoin (BTC) derivatives trading desk.
VirgoCX Learn
Ethereum Mining – A Breakdown of the Process — We talked about bitcoin mining last month so it’s only right to talk about Ethereum mining next! How do you mine ETH and what do you get from it? Read it here.
Bitcoin Cash vs Bitcoin: Which One Should You Choose? — We have a new blog that helps you decide which to choose with a concise breakdown of both! Interested in BCH? We tell you where you can spend, buy, and sell Bitcoin Cash! Check it out here.
Disclaimer: No Investment Advice The contents of this article are for informational purposes only and are not intended as, and shall not be understood or construed as, investment advice, financial advice or trading advice. There are substantial risks associated with the trading of cryptocurrencies and you should consult with a licensed financial advisor prior to making any trading or investment decisions. Content Not Warranted The contents of this article are provided “as is” and without warranties of any kind. You bear all risks associated with the use of the content provided including without limitation, any reliance on the accuracy, completeness or usefulness of any content available within this article. Risk Warning Cryptocurrency trading is subject to risks. Please read through our Terms of Service for full-risk disclosures.
Last Week in Crypto is your bi-weekly dose of crypto news and updates. Get started today to have it delivered to your inbox! 👇
