Bitcoin plunged to as low as $39,787 Tuesday as investors learned that Jerry, the cashier from GameStop, decided to stop his $10 Bitcoin DCA.
DCA (Dollar-Cost Averaging) is when an investor puts a set amount of money into an asset every certain amount of days/weeks/months regardless of the price. When questioned about the decision to stop his DCA strategy, Jerry said "I have been notified by the wonderful r/Buttcoin that Bitcoin is a Ponzi scheme and will be going to zero shortly. I am sorry to everyone I let down by pulling out of the market and causing a crash, but you need to realize sooner or later the gig will be up and all of your money in Bitcoin will be lost. Get out while you still can. This is not financial advice."
Major heatwaves across southern Europe have left Spain, Portugal, Italy, and Greece in sweltering conditions of more than 40C (104F).
Prince William has had a lot to say this week, attending three events about the environment as part of London Climate Action Week and giving three speeches.
The government is warning that the NHS will be under even more pressure this weekend as temperatures soar, so looking after yourself in the sunshine is crucial.
Guidelines on how to deal with AI-generated child sexual abuse material (CSAM) have been issued to 38,000 teachers and staff across the UK.
A teenager who lost her mother, aunt and uncle to a genetic condition is the first person in Europe to receive a "life-changing" drug.
Brazilian officials have rebuked the push to increase defence spending, as it tries to bring countries together for negotiations on tackling climate change later in the year.
London 27°C
New York 27°C
Paris 27°C
Tokyo 27°C
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