Bill Gates Calls Cryptocurrency, NFTs a Scam

Microsoft founder Bill Gates recently discussed cryptocurrency and NFTs, stating that the asset trends are “100% based on greater fool theory.” Gates added, “I do think people get bought into these manias, who may not have as much money to spare. So I’m not bullish on bitcoin.”

American Businessman Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. (AP Photo/Michael Probst)

Ted Cruz Praises Bitcoin Wallet for Standing Up to Canadian Tyranny

In a speech at CPAC, Sen. Ted Cruz (R-TX) praised, a Canadian-based provider of custodial Bitcoin (BTC) wallets, for mocking the Canadian government’s lack of understanding of cryptocurrency after it received a demand to freeze wallets connected to the Freedom Convoy truckers — a demand it is technologically incapable of meeting.

Ted Cruz at CPAC 2022

Coinbase Super Bowl Ad Melted Cryptocurrency Platform’s Servers

Cryptocurrency trading company Coinbase is attempting to reassure its customers that its platform is stable following a Super Bowl ad featuring a bouncing QR code linking to a signup page for new accounts which promptly crashed the entire website. Coinbase claims the massive response led it to “temporarily throttling our systems.”

Coinbase CEO Brian Armstrong

IMF Demands El Salvador Give Up on Bitcoin

The International Monetary Fund (IMF) on Tuesday “urged” El Salvador’s government to rescind the legal tender status it bestowed to Bitcoin, a type of cryptocurrency, in September 2021, indicating that its failure to do so could hinder El Salvador’s intention of securing a future loan from the financial institution.

Largest Nordic bank Nordea bans employees' bitcoin trade