Salvadoran President Nayib Bukele tweeted that he saw the crypto market crash as an opportunity to “buy the dip.”
This action extends a UK regulatory crackdown on the cryptocurrency sector as a result of concerns for its potential involvement in money laundering and fraud.
The president of El Salvador announced that the country’s state-run geothermal energy utility would begin using power derived from volcanoes for Bitcoin mining.
“The currency of this world should be the dollar. And I don’t think we should have all of the Bitcoins of the world out there. I think they should regulate them very, very high.”
“I’d like it to look like an accident, but robbery gone wrong may work better. So long as she is dead. I’d also like for her phone to be retrieved and destroyed irreparably in the process.”
Ether and Dogecoin also slid and the rush to sell caused brief outages at some cryptocurrency exchanges.
“Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an alternative to holding cash on balance sheet.” -Elon Musk
It will give China’s government vast new tools to monitor both its economy and its people.
“The introduction of Checkout with Crypto continues our focus on driving mainstream adoption of cryptocurrencies.”
The vast majority of the proceeds came from two thefts late last year.