Twitter co-founder Jack Dorsey has thrown his weight behind the future of Bitcoin has he backed the importance of the cryptocurrency.
“Bitcoin changes absolutely everything,” Dorsey said yesterday at the Bitcoin 2021 Conference. “I don’t think there is anything more important in my lifetime to work on.”
He added that, “if I were not at Square or Twitter, I would be working on bitcoin. If [bitcoin] needed more help than Square or Twitter, I would leave them for bitcoin. But, I believe both companies have a role to play.”
It comes after Elon Musk said he “misses” Bitcoin after the market’s recent comeback stalled yesterday as several major coins took a tumble.
The Tesla CEO posted a meme about a couple breaking up over excessive quoting of Linkin Park lyrics. Mr Musk shared the meme with “#Bitcoin” and a heartbreak emoji.
And Bitcoin, Ethereum, Cardano and Dogecoin all fell again after having trended upwards for much of Friday. The market movements come as Elon Musk took to Twitter to post memes mocking the market downturn.
The multi-billionaire Tesla chief – whose social media activities move the crypto markets like nobody else’s – posted memes of couple’s breaking up tagged with #Bitcoin and a broken heart emoji.
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CRYPTOCURRENCY DEALERS IN HOT WATER
IN an investigation set up by the Financial Conduct Authority, the City regulator, it has emerged that up to 50 companies dealing in cryptocurrencies such as bitcoin may be forced to close after failing to meet the UK’s anti-money laundering rules.
It was announced yesterday that an “unprecedented number” of companies had withdrawn applications from a temporary permit scheme that allowed firms to continue trading until the regulator could approve or reject their operations.
A large number of firms have fallen short of anti-money laundering standards put in place to halt criminal organisations from disguising the source of their money.
Fines or legal action will be issued by the FCA to companies that refuse to shut their businesses down.
This post first appeared on Thesun.co.uk
