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Twitter's Jack Dorsey to convert proceeds from auction of first ever tweet to bitcoin

Bitcoin prices have been on a tear.

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By comparison, gold GC00, Anthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, speculated , however, that bitcoin could surpass gold in President Joe Biden is expected to push for tax hikes to partially pay for trillions in infrastructure spending. Here's what stock-market investors should keep in mind.

Mark DeCambre is MarketWatch's markets editor. Concor Market Watch. ET NOW. Brand Solutions. ET India Inc. ET Markets Conclave — Cryptocurrency. The Economic Times Startup Awards Reshape Tomorrow Tomorrow is different.

Twitter Chief Jack Dorsey Teams With Jay-Z To Back Bitcoin

Let's reshape it today. TomorrowMakers Let's get smarter about money.

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Corning Gorilla Glass TougherTogether. Great Manager Awards. They create Twitter accounts that look like those of celebrities such as Elon Musk or billionaire investor Chamath Palihapitiya.

Bitcoin’s $1 trillion market valuation is Twitter gold

In some cases, like the one that tricked Sebastian, the criminals use stolen accounts of prominent people to ensure they have the blue 'verified' tick to make the account seem more trustworthy. They wait for the real accounts to tweet, and post a reply to make it look like the celebrities have posted the scams to their millions of followers.

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Follow @bitcoincom for all updates. The latest Tweets from Bitcoin (@Bitcoin). Bitcoin is an open source censorship-​resistant peer-to-peer immutable network. Trackable digital gold. Don't trust.

Twitter is a popular platform, but giveaway scams can also be found on YouTube, Facebook and Instagram. When the Bitcoin price goes up, people go crazy and a lot of them are new to the market and they want this idea of quick money," said Mr van Weert. We've received emails from people who have lost Bitcoin and they are very articulate.

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Mr van Weert also feels some of the larger cryptocurrency websites giving away Bitcoin to promote their services may have contributed to people's confusion. Three weeks on and Sebastian is clearly still extremely embarrassed.

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ET Markets Conclave — Cryptocurrency. BNPL plans are touted as an alternative to credit cards. For more articles like this, please visit us at bloomberg. This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others. Musk added that "bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency. Posts navigation 1 2 3 Next. Uber dey consider adding crypto payment options.

He starts our email conversation by insisting that he is "normally not the biggest idiot in the whole world". I live together with my wife and two children and we have a nice house with a garden. I was greedy that night and it made me blind.

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He cashed out and got his initial money back, but then watched excitedly over the years as the 10 coins grew to be worth nearly , euros. Sebastian wants international authorities to take action against the scammers and would like to see the owners of Bitcoin exchanges be proactive in helping. All the exchange platform websites should know who their customers are and know if a particular wallet address is being used by thieves.

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The most high-profile giveaway scam happened in July , when a large-scale but shortlived Twitter hack allowed scammers to tweet using celebrity accounts like Bill Gates, Kim Kardashian-West and Elon Musk.