Buffet Bashes Bitcoin, Tesla backs it while Bored Ape blows up Ethereum

Berkshire Hathaway CEO Warren Buffett has taken another swipe at Bitcoin stating that it produces nothing and thus is worth nothing. At the same time, Tesla has reiterated its stance on the major coin by highlighting its use as a liquid alternative to cash.

Legislators in the US have once again called for restrictions and regulations to be made on Proof-of-work coins, like Bitcoin. However, in a rebuttal letter, the likes of Jack Dorsey and Michael Saylor have pointed out instances where the law makers are entirely wrong.

A record day for Ethereum transaction fees has been put down the the company behind the Bored Ape #NFTs selling virtual land. Yuga Labs had to issue an apology for overwhelming the Ethereum Network and causing users to pay $231 million to transact on the #Ethereum network in one day.

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