BTCUSD trends lower but still without a large move to break out of the sideways pattern. Action is still mostly with the alts as LINK hits a new ATH + large rallies for XTZ and XLM.
Hackers shocked the world this week by taking control of numerous high profile Twitter accounts. The message would ask viewers to send BTC to a specific address to get back double the amount. This trick has been around long enough and the total BTC received was minimal. Can be fairly sure this wasn’t done to grab a few bucks, but rather to make mockery of a centralized platform like Twitter. The FBI investigation is ongoing..
In China, we finally see updates re: DCEP. Ride-sharing platform, Didi, and food delivery player, Meituan, will hold hands with the central bank to test the digital currency. For those who don’t know, CBDCs do not pose a direct threat to decentralized forms of money like Bitcoin as they are issued and fully controlled by central banks. The launch of DCEP should probably be favorable to overall crypto markets as it gets the average person more accustomed to digital assets.
To end all FUD around the halving, BTC hashrate has hit another ATH. Difficulty was adjusted up another 10% this week causing temporary congestion to the network but a new ATH re-emphasizes the robustness of the Bitcoin economics.
Metexit! Facebook, now Meta, has seen an executive exodus with an executive at its cryptocurrency division leaving the company. Rob Collier, former head of consumer
United States Federal Reserve chair Jerome Powell opens the door to interest rate hikes next year. Also, Powell is not concerned about cryptocurrencies disrupting financial
Elon Musk, Time’s Person of the Year for 2021, has his carmaker Tesla start accepting meme coin Dogecoin. Customers can use the meme-based cryptocurrency to
Blockchain yes, bitcoin no? HSBC and Wall Street bank Wells Fargo announce a blockchain solution for the foreign exchange (FX) settlement. The two banks will
Is India accepting bitcoin as legal tender? A free bitcoin airdrop to all residents? Just a fake tweet from India Prime Minister Narendra Modi’s twitter
WhatsApp ventures into instant cryptocurrency payments, launching a trial in the US as a first step. Would it be a welcoming signal from the US