Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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Billionaire Orlando Bravo Invests in Bitcoin, Says Crypto Is Here To Stay
Orlando Bravo– private equity firm owner and multi-billionaire– is highly supportive of cryptocurrency. He recently discussed what makes the asset class so unique and why he has personally invested in Bitcoin. Bravo on Bitcoin: "I'm Very Bullish" Bravo expressed his faith in cryptocurrency in a recent interview with CNBC. He says that it's "absolutely" here to stay and praises it as a way to dodge high inflation and transaction fees. How could you not love crypto? Look at the movement. Aren’t…
4 years ago
CEO at Thiel Capital Says U.S. Government Should Purchase Bitcoin
Blake Masters, an American venture capitalist, and CEO at Thiel Capital, called upon the U.S. government to purchase Bitcoin. He noted they do so as a reverse strategic asset after China moved to ban it once more. Thirty-five years old Blake, who is also an author, is currently running for a U.S. Senate seat. He wants to represent the state of Arizona. Blake informed the public that his campaign now accepts donations in the most prominent cryptocurrency. He asked the community to D.M. him…
4 years ago
Jamie Dimon Says Bitcoin Could 10X, But He Wouldn’t Care
Jamie Dimon, CEO of JPMorgan, recently gave an interview to discuss the state of the global economy. When asked about Bitcoin, he expresses total indifference towards the technology, regulation, or price. However, he also acknowledges that it could rise by 1000% within half a decade. Jamie Dimon: Economy is Fine, Bitcoin is an Afterthought While speaking with the Times of India, the JPMorgan CEO touched upon America's default risks, national inflation rates, and his feelings around the crypto regulatory debate. Regarding the economy,…
4 years ago
Chivo Wallet User Numbers Suggest Rising Bitcoin Use in El Salvador
El Salvador has been in the news for months now, with the country being the first to accept Bitcoin as legal tender. Ever since the news broke, critics have expressed differing opinions about its meaning for the El Salvador people. However, it would appear that Bitcoin adoption might be ramping up in the Central American country. Chivo Grows Its User Numbers Last weekend, President Nayibb Bukele of El Salvador said on Twitter that his country’s Chivo Bitcoin wallet had already gotten 2.1…
4 years ago
Twitter Launches Bitcoin Tipping Service for iOS
Twitter has finally launched its tipping service. The new feature should allow fans to easily reward content creators on the platform. Also, the service allows users to receive tips in Bitcoin. Receiving Tips in Bitcoin Twitter revealed the Tip Jar feature in May, near the height of the crypto industry’s total market cap. Also, they said that it would enable users to connect their Twitter accounts to more traditional payment platforms for rewards. These included Bandcamp, Cash App, Patreon, PayPal…
4 years ago
Bitcoin.org Site Compromised, Hackers Falsely Promise Bitcoin Earnings
Earlier today, hackers compromised the popular open-source Bitcoin.org website. The site was inaccessible as of 05:44 UTC Thursday. A message obstructed the homepage screen, persuading the users to send money to a bitcoin wallet. The notice claims it is doing so since the Bitcoin Foundation is “giving back to the community.” The message says only the first 10,000 users can benefit from the offer. The message has a QR code for the wallet and its address too. All other site…
4 years ago
Financial Firm Revolut is Paying WeWork Office Rent in Bitcoin
The fintech firm is the first WeWork member company to pay for its workspace in cryptocurrency. The financial technology firm is the largest of its kind in the UK. Also, the company gained $800 million in funding back in mid-2021. The new office will house about 300 employees, making it the organization’s most prominent office space. The cryptocurrency-infused financial tech company is preparing for expansion in the US. It was for this reason that it acquired the new area. Revolut Pays for Workspace in…
4 years ago
Canadian Politician Says That He Supports Bitcoin Days Ahead of Federal Elections
The leader of the People's party of Canada, Maxime Bernier, took to Twitter to announce that he is a prominent Bitcoin enthusiast. He posted this 'secret' just one week before the federal elections. Bernier revealed his secret after many Canadians reached out to know if he supports Bitcoin and blockchain technology. He said that he fully supports Bitcoin. Bernier has condemned Canada's current monetary system and the inflation of its currency. On September 15, he stood up to prime minister Justin Trudeau…
4 years ago
Bitcoin Core Launches 22nd Upgrade Targeting More Efficiency
Bitcoin Core recently announced the release of a new upgrade, Bitcoin Core version 22.0. This upgrade introduces some features that will help bolster the efficiency of bitcoin stakeholders. One of the most vital features added in the 22nd upgrade is the taproot support is coming soon. Bitcoin Core Version 22.0 On Monday 13th, Bitcoin Core released a statement announcing their upgrade. Bitcoin Core is the home of bitcoin. Generally, this is the 22nd upgrade since launch in 2009. This is the first…
4 years ago