El Salvador to make BTC legal tender as Anonymous threatend Elon Musk plus Ethereum latest | #relationshipscams | #dating


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EL SALVADOR’S president wants to make Bitcoin legal tender in the country – as Elon Musk was threatened by online activists Anonymous.

It would become the first country in the world to officially adopt cryptocurrency as mainstream payment and would be used alongside the US dollar, El Salvador’s official currency.

Bitcoin, Ethereum, and Cardano are enjoying a period of relative stability after shifting by less than 1 per cent in price since Friday.

Meanwhile, Twitter co-founder Jack Dorsey threw his weight behind the future of Bitcoin has he backed the importance of the cryptocurrency.

“Bitcoin changes absolutely everything,” Dorsey said at the Bitcoin 2021 Conference this weekend. “I don’t think there is anything more important in my lifetime to work on. If I were not at Square or Twitter, I would be working on bitcoin. If [bitcoin] needed more help than Square or Twitter, I would leave them for bitcoin. But, I believe both companies have a role to play.”

It comes after Elon Musk said he “misses” Bitcoin after the market’s recent comeback stalled yesterday as several major coins took a tumble.

The Tesla CEO posted a meme about a couple breaking up over excessive quoting of Linkin Park lyrics. Mr Musk shared the meme with “#Bitcoin” and a heartbreak emoji.

Read our Bitcoin live blog below for the latest updates…

  • BITCOIN BOMBS

    The price of Bitcoin has dropped once again today, after Tesla and SpaceX boss Elon Musk’s cryptic “breakup” tweets.

    Musk shared a meme on Twitter featuring a breakup on Thursday evening, showing an unhappy looking couple.

    Read more here.

  • CRYPTO COINS 

    DOGECOIN is slowly rising in value, as interest in the “joke” cryptocurrency grows.

    The crypto coin took a significant drop in May, at one stage hitting below $0.3, but has recently recovered, so why is the cryptocurrency going up?

    Read more here.

  • EXPLAINED: HOW TO SPOT CRYPTO SCAMS

    CRYPTO scams are popping up all over the internet. We explain how to spot them.

    • Promises of a high or guaranteed return – Does the offer look realistic? Scammers often attract money by making fake promises.
    • Heavy marketing and promotional offers – If they are using marketing tricks to con customers you should beware.
    • Unamed or non-existent team members – Just like any business you should be easily able to find out who is running it.
    • Check the whitepaper – Every crypto firm should have a white paper. This should explain how it plans to grow and make money. If this doesn’t make sense, then it could be because the founders are trying to confuse you.
    • Do your research – Check reviews online and Reddit threads to see what other people think. 
  • ‘TO THE MOON!’: DOGECOIN FAN STORMS STAGE DURING BITCOIN CONFERENCE 2021 IN MIAMI

    The world’s largest ever bitcoin conference was just interrupted by a rather enthusiastic member of the self-proclaimed Doge Army.

    Bitcoin 2021 in Miami saw a stage intruder rip off a layer of clothing and shout “Dogecoin to the Moon!”

  • MORE ON EL SALVADOR ADOPTING BITCOIN

    According to Bukele, bitcoin represented “the fastest growing way to transfer” those billions of dollars in remittances and to prevent millions from being lost to intermediaries.

    “Thanks to the use of bitcoin, the amount received by more than a million low-income families increases by several billion dollars every year,” said the president.

    “This improves life and the future of millions of people.”

    The cryptocurrency market grew to more than $2.5 trillion in mid-May 2020, according to the Coinmarketcap page, driven by interest from increasingly serious investors from Wall Street to Silicon Valley.

    But the volatility of bitcoin — currently priced at $36,127 — and its murky legal status has raised questions about whether it could ever replace fiat currency in day-to-day transactions.

  • EL SALVADOR’S BUKELE TO PROPOSE MAKING BITCOIN LEGAL TENDER

    El Salvador may become the first country to make bitcoin legal tender, President Nayid Bukele announced Saturday, saying he would soon propose a bill that could transform the remittance-dependent economy.

    The move would make the Central American nation the first in the world to formally accept the cryptocurrency as legal money and would “allow the financial inclusion of thousands of people who are outside the legal economy,” Bukele said.

    “Next week, I will send to Congress a bill that makes Bitcoin legal money,” the populist leader said during a video message to the Bitcoin 2021 conference in Miami, Florida.

    The bill aims to create jobs, he said, in a country where “70 percent of the population does not have a bank account and works in the informal economy.”

    The El Salvador government is yet to give details of the bill, which will require approval from a parliament dominated by the president’s allies.

  • EL SALVADOR PRESIDENT BUKELE MAKES ANNOUNCEMENT AT BITCOIN CONFERENCE 2021

    El Salvador President Nayib Bukele announced in a recorded message played at a Bitcoin conference in Miami Saturday that next week he will send proposed legislation to the country’s congress that would make the cryptocurrency legal tender in the Central American nation.

    The 39-year-old president, who has maintained approval ratings above 90% and made Twitter his preferred way of communicating, characterized it as an idea that could help El Salvador move forward.

    Next week I will send to Congress a bill that will make Bitcoin a legal tender in El Salvador,” Bukele said. In the short term this will generate jobs and help provide financial inclusion to thousands outside the formal economy and in the medium and long term we hope that this small decision can help us push humanity at least a tiny bit into the right direction.

    The U.S. dollar is El Salvador’s official currency. About one quarter of El Salvador’s citizens live in the United States and last year, despite the pandemic, they sent home more than $6 billion in remittances.

  • ELON MUSK TARGETED BY HACK GROUP ANONYMOUS AND IS BLASTED AS A ‘NARCISSISTIC RICH DUDE’ IN CHILLING VID

    Elon Musk targeted by hack group Anonymous and is blasted as a ‘narcissistic rich dude’ in chilling vid
  • ELON MUSK TARGETED BY ANONYMOUS HACKING GROUP THAT THREATENS TO EXPOSE HIM WHILE BRANDING CEO A ‘NARCISSISTIC RICH DUDE’

    ELON Musk appears to have been targeted by Anonymous as the hacking group released a menacing video threatening to expose the Tesla CEO

    The group of hackers who use the V for Vendetta mask as their logo reportedly targeted Musk claiming that the power he has over the cryptocurrency markets has gone far enough, TMZ reported.

    They warned the Tesla CEO saying “you may think you are the smartest person in the room, but now you have met your match. We are Anonymous! We are legion. Expect us.”

    Anonymous was responsible for some of the world’s largest cyber attacks. The group is understood to have carried out some of the largest digital breaches that impacted PayPal and the Church of Scientology, among others.

    “For the past several years you have enjoyed one of the most favorable reputations of anyone in the billionaire class because you have tapped into the desire that many of us have to live in a world with electric cars and space exploration,” the group said in the video.

    “But recently your carefully created public image is being exposed and people are beginning to see you as nothing more than another narcissistic rich dude who is desperate for attention,” they added, according to the Daily Mail.

    Read more here.

  • HOW TO SPOT CRYPTO SCAMS

    CRYPTO scams are popping up all over the internet. We explain how to spot them.

    • Promises of a high or guaranteed return – Does the offer look realistic? Scammers often attract money by making fake promises.
    • Heavy marketing and promotional offers – If they are using marketing tricks to con customers you should beware.
    • Unamed or non-existent team members – Just like any business you should be easily able to find out who is running it.
    • Check the whitepaper – Every crypto firm should have a white paper. This should explain how it plans to grow and make money. If this doesn’t make sense, then it could be because the founders are trying to confuse you.
    • Do your research – Check reviews online and Reddit threads to see what other people think. 
  • GRAPH: WHAT IS THE CURRENT PRICE OF CRYPTO?

    These figures are based over the last 24 hour period.

  • IMAGE: THE BITCOIN PIZZA INDEX

  • CRYPTOCURRENCY DEALERS IN HOT WATER

    IN an investigation set up by the Financial Conduct Authority, the City regulator, it has emerged that up to 50 companies dealing in cryptocurrencies such as bitcoin may be forced to close after failing to meet the UK’s anti-money laundering rules.

    It was announced yesterday that an “unprecedented number” of companies had withdrawn applications from a temporary permit scheme that allowed firms to continue trading until the regulator could approve or reject their operations. 

    A large number of firms have fallen short of anti-money laundering standards put in place to halt criminal organisations from disguising the source of their money.

    Fines or legal action will be issued by the FCA to companies that refuse to shut their businesses down

  • ELON MUSK SENDS BITCOIN, DOGECOIN AND ETHERIUM VALUES PLUNGING WITH LINKIN PARK MEME TWEET ABOUT ‘THE END’

    ELON Musk sent Bitcoin’s value into free fall after he posted a meme about Linkin Park with the hashtag #Bitcoin and a broken heart emoji.

    The CEO of SpaceX and Tesla tweeted a meme of a split couple discussing lyrics from Linkin Park’s hit In the End suggesting a breakup – like the billionaire’s relationship with Bitcoin.

    “Her: I know I said it would be over between us if you quoted another Linkin Park song but I’ve found someone else,” the meme read. “Him: So in the end it didn’t even matter?”

    Accompanying the meme, which showed a man and a woman distantly sitting next to each other on a couch, was the hashtag #Bitcoin and a broken heart emoji.

    The billionaire’s tweeting caused Bitcoin’s value to decrease by six percent, while other cryptocurrencies like Ethereum (by seven percent) and Dogecoin (by eight percent) also nosedived.

  • BITCOIN 2021 CONFERENCE: SPEAKER LINE-UP AND WHAT TO EXPECT

    BITCOIN 2021, “the biggest Bitcoin event in history” is set to take place in Miami and more than 20,000 people are expected to attend.

    It comes after the market’s slow recovery from plummeting in May 2021 after hitting record highs.

    Read more here.

  • GRAPHIC: WHAT IS THE PRICE OF CRYPTO?

  • BITCOIN STORY ROUND UP: THE HIGHS AND LOWS OF CRYPTO

    • We could have been Bitcoin millionaires – if we hadn’t fallen for an Elon Musk scam or binned the wrong hard drive
    • What is Bitcoin and why is the price falling?
    • Tech writer blows Bitcoin worth £300,000 on sushi – and crypto fortune is now the restaurant owner’s retirement fund
    • Bitcoin trader Laszlo Hanyecz who spent crypto currency now worth £306MILLION on two pizzas says ‘I have no regrets’
  • MEGHAN MARKLE GIVES BIRTH TO BABY GIRL AT SANTA BARBARA COTTAGE HOSPITAL IN LA AFTER ‘HOME BIRTH PLANS’

    MEGHAN Markle has given birth to a baby girl at a hospital in Los Angeles – after sources previously said there were plans for a home birth.

    The Duke and Duchess of Sussex had their second child at Santa Barbara Cottage Hospital on Friday at 11.40am, it was announced today.

    This comes after it was previously reported Meghan was planning a home birth at her luxury LA mansion.

    The Duchess of Sussex was initially said to be planning to deliver her daughter at home in the early summer.

    But their daughter was born at Santa Barbara Cottage Hospital instead – as Meghan seemed to ditch the idea to have a home birth. Lilibet Diana, named in tribute to the Queen and Princess Diana, is the first royal to be born in the US.

  • NORTON 360 TO OFFER CUSTOMERS ETHEREUM MINING ACCESS IN COMING WEEKS

    Norton 360 customers will have access to an Ethereum mining feature in the “coming weeks”, the company said.

    Cryptocurrency “mining” works by using a computer’s hardware to do complex calculations in exchange for a reward.

    It is not clear what the business model for Norton Crypto is, or if Norton will take a cut of earnings.

    The company pitched the idea as a safe and easy way to get into mining, an “important part of our customers’ lives”.

    In a press release, Norton LifeLock – once called Symantec – said: “For years, many coin miners have had to take risks in their quest for cryptocurrency, disabling their security in order to run coin mining.”

  • HOW TO SPOT CRYPTO SCAMS

    CRYPTO scams are popping up all over the internet. We explain how to spot them.

    • Promises of a high or guaranteed return – Does the offer look realistic? Scammers often attract money by making fake promises.
    • Heavy marketing and promotional offers – If they are using marketing tricks to con customers you should beware.
    • Unamed or non-existent team members – Just like any business you should be easily able to find out who is running it.
    • Check the whitepaper – Every crypto firm should have a white paper. This should explain how it plans to grow and make money. If this doesn’t make sense, then it could be because the founders are trying to confuse you.
    • Do your research – Check reviews online and Reddit threads to see what other people think. 
  • COPS FIND GIANT BITCOIN ‘MINE’ STEALING THOUSANDS OF POUNDS OF ELECTRICITY DURING WAREHOUSE DRUG RAID

    COPS were stunned to find a Bitcoin “mine” stealing thousands of pounds of electricity during a suspected warehouse drug raid.

    Officers in the West Midlands thought they were about to bust a cannabis farm – but were met with the advanced tech scam instead.

    Cryptocurrencies have to be “mined” in order to be created, which involves solving increasingly complex mathematical puzzles – requiring more and more powerful computers and significantly more energy.

    Most computers used for the process cost more to run than the value of the currency they create – making stolen electricity a lucrative business when a single Bitcoin is currently worth around £26,000. In this case suspicions had been raised over the huge volume of power being used, leading cops to initially think it was being used for drug production.

    Police heard lots of people were visiting the unit throughout the day, with lots of wiring and ventilation ducts visible while locals say three men were behind the operation.

  • EL SALVADOR’S BUKELE TO PROPOSE MAKING BITCOIN LEGAL TENDER

    El Salvador may become the first country to make bitcoin legal tender, President Nayid Bukele announced Saturday, saying he would soon propose a bill that could transform the remittance-dependent economy.

    The move would make the Central American nation the first in the world to formally accept the cryptocurrency as legal money and would “allow the financial inclusion of thousands of people who are outside the legal economy,” Bukele said.

    “Next week, I will send to Congress a bill that makes Bitcoin legal money,” the populist leader said during a video message to the Bitcoin 2021 conference in Miami, Florida.

    The bill aims to create jobs, he said, in a country where “70 percent of the population does not have a bank account and works in the informal economy.”

    The El Salvador government is yet to give details of the bill, which will require approval from a parliament dominated by the president’s allies.

  • CRYPTOCURRENCY DEALERS IN HOT WATER

    IN an investigation set up by the Financial Conduct Authority, the City regulator, it has emerged that up to 50 companies dealing in cryptocurrencies such as bitcoin may be forced to close after failing to meet the UK’s anti-money laundering rules.

    It was announced yesterday that an “unprecedented number” of companies had withdrawn applications from a temporary permit scheme that allowed firms to continue trading until the regulator could approve or reject their operations. 

    A large number of firms have fallen short of anti-money laundering standards put in place to halt criminal organisations from disguising the source of their money.

    Fines or legal action will be issued by the FCA to companies that refuse to shut their businesses down.

  • BITCOIN BOMBS

    The price of Bitcoin has dropped once again today, after Tesla and SpaceX boss Elon Musk’s cryptic “breakup” tweets.

    Musk shared a meme on Twitter featuring a breakup on Thursday evening, showing an unhappy looking couple.

    Read more here.

  • BITCOIN 2021 CONFERENCE: SPEAKER LINE-UP AND WHAT TO EXPECT

    BITCOIN 2021, “the biggest Bitcoin event in history” is set to take place in Miami and more than 20,000 people are expected to attend.

    It comes after the market’s slow recovery from plummeting in May 2021 after hitting record highs.

    Read more here.

     





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