Shawn Amick
Shawn Amick
Bitcoin Magazine News Writer. Author of 'Dick, Stan Greene'.Source
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Elon Musk Says He’s Not Selling Bitcoin Amid High Inflation

Elon Musk Says He’s Not Selling Bitcoin Amid High Inflation

September 13, 2022In a recent ,Elon Musk, Technoking of Tesla, attempted to both question the likelihood of continued inflation over the next couple of years, and soothe concerns of his followers looking for advice as it relates to dealing with inflation by stating “I still own & won’t sell my Bitcoin.”“What are your thoughts about probable inflation rate over next few years?” Musk asked his followers. With an inflation rate of 7.9% for the month of February 2022, this represents the highest levels of inflation since January, 1982. “Energy remained the biggest contributor (25.6% vs 27%...

March 14, 2022
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U.S Treasury Sanctions Russian Bitcoin Miners

U.S Treasury Sanctions Russian Bitcoin Miners

September 13, 2022The United States Treasury Department released a today announcing new sanctions aimed at bitcoin mining in Russia for their ongoing war in Ukraine, as they are the third-largest bitcoin miner in the world to the University of Cambridge.The Treasury department stated that reliance on fiat payments and the importation of computer equipment makes Russia vulnerable to sanctions if the U.S focuses on hindering the companies providing those services.Since government entities cannot stop the actual process of mining bitcoin, the U.S Treasury decided to utilize other attack...

April 20, 2022
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