Author: Penny White

El Salvador leads the world into cryptocurrency, adopting bitcoin as legal tender

El Salvador became the first country to adopt bitcoin legal tender on Tuesday (7 September). This real-world experiment, which proponents claim will lower the commission cost of billions of dollars sent home by overseas senders but has been criticized for facilitating money laundering, was a real-world success. President Nayib Bukel, a charismatic young man, is…

MicroStrategy Has a High Stock Price, a Fat Premium, and Bitcoin. Here’s a High-Risk Way to Play It.

If you are excited by the record-breaking stock market and believe that buying-the-dip can be a legitimate investment strategy that will drive prices forever, then say hello. This stock is a great choice for aggressive investors. It seems to rise above the market because of its high price. The company acts as a quasi-proxy to Bitcoin, which…

Police: Lake City woman says ‘celebrity’ gave her instructions on fraudulent bitcoin transaction

After being told by a celebrity to do so, a Lake City woman was taken into police custody. A press release from the Michigan State Police states that troopers from Houghton Lake Post received a call in June 2021 regarding a fraudulent check that had been deposited at an ATM. The check was fraudulently deposited…

Bitcoin Is Reducing Its Carbon Footprint And That’s Great News For Everyone

Bitcoin’s meteoric rise to the top seemed impossible when it came down to cryptocurrencies. One Bitcoin cost USD $64804 at one time in April 2018. Two major news stories triggered the fall. First and foremost, Elon Musk raised the issue of using fossil fuels to power Bitcoins. He also cited Tesla’s huge energy consumption as a reason…