Bitcoin landfill lawsuit, Coinbase CEO praises Musk, Anthony Scaramucci's BTC investment, and more: Cryptocurrency of the Week

Last weekend was a whirlwind in the world of cryptocurrencies. The stories were as diverse as they were interesting, from a man suing his city council over lost Bitcoin to a Coinbase CEO expressing admiration for Elon Musk's productivity. Here's a quick summary of the top headline-grabbing articles.

Bitcoin landfill lawsuit: Welsh software engineer James Howells has filed a lawsuit against Newport City Council. Mr Howells has claimed damages of around £495.31 million ($647 million) after the city council repeatedly refused his request to excavate a landfill site where he mistakenly disposed of hard drives containing around 8,000 units of Bitcoin. They are seeking compensation. This lawsuit is a strategy to persuade Congress to allow excavation, and does not reflect reality. Read the full article here.

Mr. Armstrong's Musk Praise: Brian Armstrong, CEO coinbaseexpressed his admiration for Elon Musk's efficiency and productivity. Armstrong suggested that rigorous research needs to be conducted to understand how Musk accomplished so much. He believes that understanding the productivity of masks could be an important issue for the advancement of civilization. Read the full article here.

SEE ALSO: If you invested $100 in Dogecoin when Elon Musk first tweeted about the meme crypto, here's how much you'd have today

Scaramucci's Bitcoin investment: Anthony Scaramucci, CEO of SkyBridge Capital, revealed in a podcast that he is investing heavily in Bitcoin. Scaramucci shared an anecdote about a conversation he had with MicroStrategy CEO Michael Saylor, who had a unique perspective on Scaramucci's recommendation of a 1-3% allocation to Bitcoin. Read the full article here.

Virtual currency market prediction:As of Wednesday, the cryptocurrency market is rising, with 96% of Bitcoin holders profiting. Trader Michael van de Poppe is now predicting an all-time high in the “next three to four weeks.” Read the full article here.

Warren vs. Deaton: Sen. Elizabeth Warren and Republican challenger John Deaton exchanged heated words over cryptocurrencies during their first debate. Warren accused Deaton of receiving maximum funding from the big crypto lobby to win the Massachusetts seat. Read the full article here.

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Photo courtesy of Unsplash

This story was generated using Benzinga Neuro and edited by Anan Ashraf.