#Cryptocurrency

.New Delhi, Delhi, India
Tesla CEO Elon Musk is a long-time proponent of cryptocurrencies. (Photo credit: AFP)

  • Elon Musk said that people should not invest their life savings in cryptocurrencies
  • Musk's comments on cryptocurrencies in the past have sent their prices soaring
  • Tesla had invested $1.5 billion in Bitcoin during the January-March quarter

Dogecoin was launched as a joke, but rose to a dramatic high of $0.41 this month. (Photo credit: AFP)

  • Dogecoin is a cryptocurrency, which was launched in 2013
  • The crypto features the face of a dog, inspired from doge memes
  • The crypto rose from $0.04 in March to $0.41 in April

Safemoon launched in March 2021. (Photo credit: Safemoon)

  • Safemoon is a lunar-inspired cryptocurrency
  • It launched on March 8, 2021 and has crazed crypto freaks due to its rising nature
  • Just like Bitcoin, Ethereum and Dogecoin, Safemoon also runs on blockchain technology

Elon Musk is the world's richest person. (Photo Credit: AFP)

  • SNL made the announcement in a tweet on Saturday and netizens can't keep calm
  • Fans are speculating what to expect from the episode
  • It will air on May 8

Bitcoin is the world's largest cryptocurrency. (Photo Credit: Unsplash)

  • Bitcoin went down from $62,000 to $55,000
  • Newcomers to cryptocurrency investments may suffer heavy losses
  • Despite a slump, Bitcoin was five times higher as compared to last October

The currency was launched in 2013 as a joke but has a market capital worth $14 billion. (Photo Credit: Unsplash)

  • Dogecoin is a cryptocurrency which released eight years ago in 2013
  • The founders of the cryptocurrency are Billy Markus and Jackson Palmer
  • Dogecoin features the face of a dog from the "Doge" meme as its logo 

.New York, NY, USA
(Photo Credit: Unsplash)

  • The first company devoted entirely to cryptocurrency to enter the US stock exchange, Coinbase
  • Coinbase chose a direct listing, which does not allow it to raise new funds but an opportunity to sell their stocks on the market
  • Spotify, Slack, Palantir and Roblox had also used this method for their Wall Street debuts.

.New York, NY, USA
Electric car giant Tesla has invested $1.5 billion in bitcoin and in March began accepting the currency as payment. (Photo Credit: Representational Image/ Unsplash)

  • The cryptocurrency market has grown exponentially in 2021 and is now worth a staggering $2.0 trillion
  • The method increasingly attracts interest from big names on Wall Street
  • Banks and payment services such as Paypal allow transactions in certain digital currencies

.Paris, France
Near 2115 GMT, one bitcoin was valued at $58,721. (Photo Credit: Representative Image/Unsplash)

  • PayPal will convert cryptocurrency to US dollars to settle transactions at the time of sale
  • Merchants will, however, get paid in standard money
  • Tesla last week began officially accepting bitcoin as currency to purchase electric autos

.Washington D.C., DC, USA

Chipotle Mexican Grill has announced Tuesday it will give away free burritos and $100,000 in Bitcoin through an interactive game on National Burrito Day.