The tighter tax compliance on the sector could bring in $28 billion over 10 years, according to recent estimates.
For all those who do not know, Elon Musk is an eccentric billionaire and serial entrepreneur who has a keen interest in highly ambitious ventures such as Tesla, SpaceX, and The Boring Company.
Within the last year, many people have invested in cryptocurrencies such as bitcoin and ethereum. These are digital currencies and can be used online as a mode of payment.
Cryptocurrency values climbed on speculation that it might be accepted for Amazon purchases.
Bitcoin briefly climbed above $40,000 after Tesla expressed fresh support for the world's most popular cryptocurrency
Musk said he loses money when the value of bitcoin or other cryptocurrencies declines but that he has not been selling despite the volatility.
The cash-strapped club is set to lose even more revenue from their sponsorship deals
Bitcoin uses a peer-to-peer network to allow people to transfer value across borders. This digital currency emerged in 2009, introducing a new cryptocurrency era.
Bitcoin is a digital currency with a robust infrastructure comprising various hardware types, requiring a lot of power to run.
Suddenly, anyone with a computer — no matter where they live — has access to savings. Because networks are decentralised, there are no gatekeepers to determine who is allowed to deposit, borrow or lend assets.
In 1989, physicist-turned-computer-scientist Berners-Lee envisioned a system of information sharing that would allow scientists to access data from anywhere in the world.
Authorities in the province of Sichuan ordered the closure of 26 mines last week, according to a notice widely circulated on Chinese social media and confirmed by a former bitcoin miner.
Bitcoin could be the cryptocurrency that most people talk about today. However, this virtual currency is an enigma to most individuals the world over.
Most people think Bitcoin is suitable for traders and investors only. However, more and more people are embracing this cryptocurrency.
Bukele has promoted the move as a way to revitalize the nation's economy, and extend access to banking to more of El Salvador's people.
This week's calendar is dominated by the Federal Reserve's two-day policy meeting, which is expected to show central bankers raising their inflation forecasts.
Bitcoin is among the cryptocurrencies that businesses across the world are using today.
Since the internet's invention, many people have described Bitcoin as the second-most essential invention
As a cryptocurrency, Bitcoin has many uses. Some individuals use Bitcoin to pay for services and products locally and online.
What started out as a niche sub-group of crypto has evolved, in a very short space of time, into a $139 billion industry.