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Bitcoin is a cryptocurrency, namely virtual currency that is independent of any central bank or authority. It can be used to purchase products or services, and you can also transfer it electronically in a secure way. There are no physical Bitcoins; instead, you can keep the balance on a verified public ledger system called blockchain.
Currently, the option to buy Tesla cars with bitcoin is only valid in the United States. Musk said the opportunity to pay for vehicles with bitcoin outside of the US would be available later this year.
18-year-old US resident Graham Ivan Clark pleaded guilty to committing a hacker attack on the social network Twitter for the purpose of fraud. A Florida court sentenced him to three years in a juvenile prison.
The Indian authorities have begun working on a bill that will ban bitcoin and other cryptocurrencies in the country. Its use as a mechanism for transactions will also be prohibited.
This week’s stories feature the funniest memes with Bernie Sanders, a website that generates short stories based on English folklore, and a cryptocurrency astrologer who predicts when to invest in Bitcoin.
The US Department of Justice confiscated 69,370 bitcoins. With the current rate, it approximately equals $1,06 billion. It is the largest amount of cryptocurrency that the US authorities have ever seized.