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Crypto News, Feb. 17: Is Bitcoin 'Beneath Contempt'?!

9 months ago

Also today, President Nayib Bukele is getting fed up of other countries attempting to meddle in El Salvador's affairs.

Crypto News, Feb. 17: Is Bitcoin 'Beneath Contempt'?!

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Crypto 'like a venereal disease,' billionaire says 😬

This 98-year-old billionaire isn't pulling any punches when it comes to crypto. Charlie Munger — Warren Buffett's right-hand man — has said digital assets are "beneath contempt." He added China was right to outlaw cryptocurrencies, and that he wishes the U.S. would do the same. Describing Bitcoin as the currency of choice for kidnappers and extortionists, he told the Daily Journal's annual meeting: "I certainly didn't invest in crypto. I'm proud of the fact that I avoided it."

Police target wallets linked to Canada protests 🚨

Police in Canada have told crypto exchanges to "cease facilitating any transactions" with dozens of wallet addresses as a clampdown on the Freedom Convoy movement continues. Trading platforms have been told they must disclose any information about transactions linked to 34 addresses. About $1 million in Bitcoin has been raised through a decentralized crowdfunding site called Tallycoin in support of truckers protesting against vaccine mandates and causing chaos in the country's capital.

Bukele warns America: 'Stay out of our affairs' 👀

El Salvador's president has told U.S. politicians to "stay out of our affairs." It comes after senators introduced an act calling on the State Department to scrutinize the Central American nation's decision to adopt Bitcoin as legal tender. Officials are also being asked to formulate a plan to "mitigate any potential risks to the U.S. financial system." Nayib Bukele tweeted: "You have zero jurisdiction on a sovereign and independent nation. We are not your colony, your back yard or your front yard."

Ether now supported by Twitter's Tips feature 🤩

Ether is now supported by Twitter's Tips feature, the social network has announced. The move comes five months after support for Bitcoin was unveiled. Twitter's tipping feature allows content creators to receive financial contributions from their followers — and it's only available through mobile apps for now. Although Ethereum Name Service domains aren't supported, the company told CoinDesk that tipping will also be available using ERC-20 tokens — and stablecoins such as Tether.

The Trump family's relationship with crypto 📰

Donald Trump was unusually quiet about cryptocurrencies during his presidency. But over recent months, the Trump family has generated an array of crypto-related headlines. Decrypt's Scott Chipolina looks at their complicated relationship with Bitcoin and other digital assets.
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