There’s never been a dumb moment in the crypto space – and the last week has been particularly noisy.
From Elon Musk’s latest tweets reportedly affecting the price of bitcoins, to the long-awaited 2021 bitcoin conference, CNBC Make It has gone through recent headline events that may have affected your crypto wallet. .
In case you missed it, here are five things worth knowing.
. Elon Musk seems to be breaking with bitcoin
Tesla and SpaceX CEO Elon Musk wrote on Twitter in a meme about a couple breaking up, adding the hashtag #Bitcoin and heartbroken emoticons. Then, on Friday morning, the price of bitcoins fell.
This has upset many in the crypto community including, including the hacker group Anonymous. On Friday, an account, which claims to be anonymous, posted a YouTube video aimed at Musk. He claims that Musk’s tweets about cryptocurrency “ruined the lives” of investors who “liquidated their dreams because of your public outbursts.”
This behavior is not new to Musk. The billionaire often tweets about cryptocurrency and has influenced the price of many digital coins. Musk has been particularly negative about bitcoins lately. In May, for example, he said Tesla would stop accepting bitcoin as a payment due to concerns about its impact on the environment.
2. The Bitcoin 2021 Conference
The Bitcoin 2021 conference was officially held Friday through Saturday in Miami, Florida. But informally, the events surrounding the conference covered the whole week. More than 50,000 people from around the world attended, with big names like Jack Dorsey’s Twitter and CEO appearing.
A lot happened at the conference, but here are a few highlights:
- Max Kaiser, a high-ranking bitcoin owner, cursed Musk’s name by shouting “We don’t sell! F — Elon” on stage and later tore a $ 10 bill. Kaiser seems to be reacting to the mysterious tweet posted on Thursday by Musk, who hints that he has broken with bitcoin.
- Boxing champion Floyd Mayweather was booed off stage after complimenting the cryptocurrency ethereummax.
- A dogecoin supporter smashed a panel to tear his suit in front of an audience to reveal a cryptocurrency logo inspired by a meme.
3. El Salvador seems to accept bitcoin as legal tender
Also at the Bitcoin 2021 conference on Saturday, El Salvador President Naib Bukele announced plans to introduce legislation that would make the world’s first sovereign state to accept bitcoin as legal tender, along with the US dollar.
Although it has not been revealed how this will happen, CNBC said that El Salvador has formed a team of bitcoin leaders to help build a new financial ecosystem.
4. Jack Dorsey has doubled his support for bitcoin
On Friday, Dorsey announced on Twitter that his financial services company Square was “considering” making a hardware portfolio for bitcoin.
“If we do, we will build it entirely outdoors, from software to hardware design and in collaboration with the community,” he wrote.
In addition, Square announced on Saturday that it will partner with blockchain technology provider Blockstream Mining to build a solar-powered bitcoin mining facility. According to a Blockstream Mining press release, Square has set aside $ 5 million for the facility.