NBA players Klay Thompson and Andre Iguodala to take pay in Bitcoin Golden State Warriors star Klay Thompson made his return to basketball after a nearly three year injury last Sunday, January 9. The next day, he tweeted “I’m BACK and changing it up: excited to take part of my paycheck in bitcoin thanks to Cash App! I’m with bitcoin because I believe it’s the future of money.” Additionally, he said that he and his fellow teammate, Andre Iguodala would be giving away $1 million in Bitcoin through CashApp. Iguodala made a tweet himself confirming the giveaway. This isn’t the first time the NBA has been involved with crypto. Staples…
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Tesla Accepting Dogecoin Payments
Select Tesla merchandise can be purchased with Doge
Elon Musk’s tweet Tesla CEO, Elon Musk, continues to keep Dogecoin (DOGE) relevant through his latest announcement. On Friday, January 14, Musk tweeted “Tesla merch buyable with Dogecoin”. Following his tweet, DOGE saw a 10% increase in price. Only select items are available for purchase with DOGE, like the Giga Texas Belt Buckle or the Cyberwhistle. This isn’t his first time tweeting about the meme coin; he has announced SpaceX missions to be funded entirely by DOGE. He even has a pet Shiba Inu named Floki, which caused a stir on Twitter, and responded to a tweet about how he could be the world’s first trillionaire by saying “*In Dogecoin”.…
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Kim Kardashian and Floyd Mayweather Are Being Sued for Advertising a Crypto Token
Boxing legend Floyd Mayweather and Reality TV star and model Kim Kardashian are under fire after promoting an alleged “pump and dump” scam
The controversy Kim Kardashian, Floyd Mayweather, basketball player Paul Pierce are all under fire for using their platforms to promote the EthereumMax (EMAX) token. As stated in the class action complaint “This case arises from a scheme among various individuals in the cryptocurrency sector to misleadingly promote and sell the digital asset associated with EthereumMax (the EMAX Tokens) to unsuspecting investors.” The case essentially states that the defendants used their own influence as celebrities to artificially inflate the price of the token. From there, investors bought EMAX tokens at an inflated price. After this, supposedly the defendants involved then went and sold off their shares of the token, made a…
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Weekly Bitcoin Review
Bitcoin briefly dips below $40,000
Bill Miller allocates 50% of portfolio towards Bitcoin In his WealthTrack interview last Friday, Bill Miller shared his thoughts on Bitcoin. At the end of the interview, the long time value investor states that Bitcoin provides a “service of insurance against financial catastrophe that no one else can provide.” He then stated that he has allocated 50% of his investment portfolio into Bitcoin and other Bitcoin related assets, like MicroStrategy. He claims to now be a Bitcoin bull instead of just an observer. Even with the current fear in the market over Bitcoin, he is still bullish in the long-term. Store of wealth Many who buy Bitcoin view it as…
