Galaxy Digital founder and crypto enthusiast Mike Novogratz has predicted that Bitcoin (BTC) price will stabilize between $10,000 and $14,000. In his cryptic statement, “One of the largest companies in the world said we believe in cryptocurrencies. If you’re an institutional investor who’s getting close and still worried about investing, it makes you that much more confident.”
Twitch (a top gaming streaming platform owned by Amazon) has enabled bitcoin (BTC) and bitcoin cash (BCH) payments again. In past Twitch silently removed bitcoin and bitcoin cash as payment options for subscriptions by removing Bitpay as a payment method. But at present Bitpay has been added again as a payment processor on the platform, even though the firm did not announce it in any press release or blog.
Square (a payment firm based in San Francisco) has just made bitcoin (BTC) deposits available on its Cash App and its users will now be able to deposit bitcoins from external wallets into their app bitcoin address. But deposits are limited to $10,000 worth of bitcoin in a seven day period & moreover the transfers could take several hours to be confirmed on the blockchain.
Bitcoin IRA (a digital asset Individual Retirement Account) has entered into a partnership with with BitGo Trust to offer retirement account features $100 million in insurance protection, 30 percent lower wallet fees and the ability to diversify customer holdings in 12 different digital assets. The CEO of BitGo, Dick Corcoran, said that biggest difference is that the assets are crypto, not stocks or bonds.
Just as the Bitcoin breached the $10,000 mark, a new Bitcoin parody version of the song has been unleashed. The song is written and performed by the original theme tune singer, Jason Paige, Despite being a parody, the song surprisingly manages to deliver intricate details on bitcoin, mining & decentralization. Lyrics starts with: ‘Bitcoin, Gotta Cash Them All’.
The city council of Riviera Beach, Florida has agreed to pay nearly $600,000 in BTC to hackers to release the data encrypted by the ransomware attack. The director of technology of the city lamented, “All cities, whether large or small, are by nature very cost-conscious when it comes to budgeting for technology investments. The mid- to small-sized cities are especially strained when it comes to finding the necessary resources to keep their technology current.”
WencesCasares, the chief executive of Xapo that is best known for convincing many execs on Silicon Valley and Wall Street to look into Bitcoin, wrote that he tried to talk to the American investor twice, but failed each time. Charlie Lee, the founder of Litecoin (LTC), will be attending the lunch, slated to take place in about two weeks at an undisclosed location in the Bay Area, presumably a nice something to wow the investor dubbed the “Oracle of Omaha”.
BDO (an Australian accounting firm) has spearheaded world’s first Bitcoin ETF (exchange-traded funds) listed on the Australian Securities Exchange (ASX). ETFs provide investment expansion opportunities to the investors by tracking the assets allowing simpler alternatives to buying and selling individual assets. With Bitcoin ETFs, investors do not have to be concerned about the security procedures associated with holding the cryptocurrency.
Researchers from Technical University of Munich (TUM) in Germany have estimated that Bitcoin generates over 22 megatonnes of carbon dioxide annually. Christian Stoll (researcher) said, “Naturally there are bigger factors contributing to climate change. However, the carbon footprint is big enough to make it worth discussing the possibility of regulating cryptocurrency mining in regions where power generation is especially carbon-intensive,”