The crypto market is down 8.6% over the past 24 hours. Bitcoin retested lows of $40,000 yesterday shortly after President Biden's $6 trillion budget announcement.
Crypto businesses in the U.K. have been struggling to meet AML standards set by the Financial Conduct Authority, according to the economic secretary to the Treasury.
In a recent tweet explaining why Tesla would no longer accept bitcoin, Elon Musk displayed a poor understanding of Bitcoin’s energy use.
Bitcoin is “already on its way and it’ll be impossible to shut it down,” Ark Investment Management’s Cathie Wood said.
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