Britain news Bitcoin latest: Cryptocurrency prices PLUMMET but analysts predict Ethereum could DOUBLE and overtake Bitcoin from here Breaking News

MetiNews.Com - COIN SLUMP CRYPTOCURRENCY prices continue to plummet today as part of a steady decline since Elon Musk raised doubts about them. The Tesla billionaire triggered

Britain news Bitcoin latest: Cryptocurrency prices PLUMMET but analysts predict Ethereum could DOUBLE and overtake Bitcoin from here Breaking News

MetiNews.Com - COIN SLUMP CRYPTOCURRENCY prices continue to plummet today as part of a steady decline since Elon Musk raised doubts about them. The Tesla billionaire triggered

Britain news Bitcoin latest: Cryptocurrency prices PLUMMET but analysts predict Ethereum could DOUBLE and overtake Bitcoin from here Breaking News
17 May 2021 - 07:52

Breaking News ! COIN SLUMP CRYPTOCURRENCY prices continue to plummet today as part of a steady decline since Elon Musk raised doubts about them. The Tesla billionaire triggered a market surge a few months back when he revealed his company had made a billion dollar investment in Bitcoin and planned to accept payments for cars in the currency too. He also inspired massive investments in Dogecoin - a joke coin that he seems to like - after declaring himself 'the Dogefather' and repeatedly talking about the coin on social media. But last week things took a turn for the worse after Musk's SNL appearance saw a massive investor dump of Dogecoin - and Musk himself declared Tesla had changed its mind about accepting Bitcoin payments for cars. He declared the idea had been shelved indefinitely due to concerns over the environmental impact of mining Bitcoin - something that saw the entire cryptocurrency market enter its current steep decline. But as Bitcoin falls, some analysts are suggesting Ethereum as an alternative investment, suggesting its relatively stable value could soon double and overtake the tumbling Bitcoin. Read our cryptocurrency live blog below for the very latest updates... WHAT ARE RISKS OF CRYPTOCURRENCY INVESTMENT? THE Financial Conduct Authority (FCA) has warned people about the risks of investing in cryptocurrencies. DOGECOIN POPS AFTER MUSK TWEETS ABOUT ‘PROMISING’ SYSTEM IMPROVEMENTS Cryptocurrency dogecoin jumped as much as 20% on Friday after Tesla boss Elon Musk said he was involved in work to improve the token’s transaction efficiency. “Working with Doge devs to improve system transaction efficiency. Potentially promising,” Musk said on Twitter. Dogecoin rose from about $0.43 to $0.52 on the Binance cryptocurrency exchange immediately after the tweet. Near worthless in late 2020, dogecoin has surged to become the fourth-largest cryptocurrency by market cap, according to CoinMarketCap.

. MUSK IS A ‘SELF-ABSORBED GRIFTER’, SAYS DOGECOIN CREATOR One of the creators of Dogecoin branded billionaire Elon Musk a “self-absorbed grifter” after announcing Tesla would stop taking payment in Bitcoin. Jackson Palmer hit out at the SpaceX CEO, who has nicknamed himself The Dogefather, on Twitter – in posts which have now been deleted. Palmer, who created Dogecoin in 2013 with Billy Markus, said: “Reminder: Elon Musk is and always will be a self-absorbed grifter.” TEXAN BITCOIN DATA MINING CENTRE IN HYDROCARBON BURNING OIL FIELD A start-up bitcoin mining data center is seen on an oil field in North Texas. As the value of bitcoin soars and concerns rise about the energy intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas. Profitably creating, or mining, bitcoin and other cryptocurrencies requires masses of computers dedicated to guessing lengthy hexidecimal numbers — an endeavor that globally consumes more electricity than entire nations, but for which these start-ups say the hydrocarbon-burning torches placed next to oil wells are perfect. SHIBA INU COIN: 5 THINGS TO KNOW ABOUT THE NEW CRYPTOCURRENCY SHIBA Inu coins are one of the latest cryptocurrencies to hit the market – we round up five things you need to know. It comes as crypto fans are on the hunt for the next success story to follow Bitcoin. Read more here. STATE OWNED SWISS BANK LAUNCHES APP THAT SUPPORTS 13 CRYPTOCURRENCIES Postfinance, the banking subsidiary of the national postal service of Switzerland, has launched a mobile app providing clients with access to cryptocurrencies, ETFs and more. The bank’s new App, titled Yuh, allows users to make payments, save funds or invest in various assets, with a commitment to a level of security provided only by the country’s leading online banks. Postfinance has partnered with online trading platofmr Swissquote for the softeware, which was launched in May 11 during a virtual launch event. Anyone who wants to test it is encouraged and welcomed be the bank to download and install the app on either an iOS or an Android device. (adsbygoogle = window.adsbygoogle || []).push({});

Source = MetiNews.Com

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Britain news Bitcoin latest: Cryptocurrency prices PLUMMET but analysts predict Ethereum could DOUBLE and overtake Bitcoin from here Breaking News


Britain news Bitcoin latest: Cryptocurrency prices PLUMMET but analysts predict Ethereum could DOUBLE and overtake Bitcoin from here Breaking News


Britain news Bitcoin latest: Cryptocurrency prices PLUMMET but analysts predict Ethereum could DOUBLE and overtake Bitcoin from here Breaking News


Britain news Bitcoin latest: Cryptocurrency prices PLUMMET but analysts predict Ethereum could DOUBLE and overtake Bitcoin from here Breaking News

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