Home Coins Bitcoin Cash (BCH) Bad crypto news of the week

Bad crypto news of the week



It’s been a difficult week for Bitcoin this week. The price has fallen about 5 percent over the last seven days to drop beneath $10,400. It could bounce but if it continues downwards, it might drop below $10,000 and get dangerously close to the CME gap.

One sign that the price might fall further has been a decline in the number of Bitcoin addresses holding a single Bitcoin. They’ve reached a four-month low. But Tyler Winklevoss still thinks that Bitcoin is better than gold, and  Microstrategy CEO Michael Saylor has moved from bear to bull. His company recently bought almost 16,800 Bitcoins over 74 hours, spending about $175 million. Paypal is bearish too. The payments firm is working on a way to allow merchants to accept cryptocurrencies.

In Brazil, fund manager Hashdex has made an agreement with Nasdaq to launch the world’s first crypto asset exchange-traded fund. The fund will trade on the Bermuda Stock Exchange. And while Hashdex is deepening crypto trading, meat processing firm JBS is using the blockchain to monitor its supply chain and ensure that none of its suppliers are raising cattle on illegally deforested land.

Australia also sees an opportunity to secure food supplies with the blockchain. The government-backed agricultural supply chain platform, Entrust, will use Hedera Hashgraph to ensure that wine from the Clare Valley region isn’t counterfeit.

In Russia, the government has said that it will prioritize the development of blockchain technologies, while in Venezuela, the Maduro government has issued a decree to regulate crypto mining. Miners in the country now need a license.

If you want to buy a country, or at least parts of one, a new partnership between Upland and Tilia, the makers of Second Life, lets players sell their virtual property and turn digital cash into fiat. Alternatively, you can hang around in Bakersfield. A Bitcoin Cash fan has been leaving stickers around the city with QR codes, enabling people to download gifts of up to $500 worth of the cryptocurrency. The “Bitcoin Man of Bakersfield” is trying to encourage the take-up of cryptocurrencies.

The Bitcoin Man has already given away $1,100 and plans to give away another $2,000 but the airdrop of 28,000 MEME tokens has helped to push the price of the token up to $1,175. The giveaways were made up of batches of 250 tokens each.

Craig Wright could have done with some of that luck this week. The Satoshi-pretender lost a plea for summary judgment and will go to trial in January in a billion-dollar Bitcoin lawsuit. And finally, Brock Pierce is hoping to do better. The former Mighty Ducks child star and Bitcoin billionaire has managed to get onto 15 states in his run for the presidency. He believes that cryptocurrency is the 21st-century cure for America’s 21st-century problems.

Check out the audio version here:

Joel Comm is an internet pioneer, New York Times best-selling author, futurist speaker and co-host of The Bad Crypto Podcast. That’s a fancy way of saying he writes words, says things and loves to play with cryptos.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.



Read the original article here

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
474FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,553FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.18
GBP
1.31
CHF
1.10
NOK
0.11
JPY
0.01
CAD
0.76
AUD
0.71

Most Popular

MicroStrategy’s crypto holdings may be paying off more than its business

Business intelligence firm MicroStrategy’s Bitcoin investment is paying off in a big way, with an estimated $100 million in profit. According to data published Oct....

VC calls Ethereum killers ‘toothless’ based on token allocation to insiders

Mythos Capital founder Ryan Sean Adams called Ethereum killers “toothless” based on initial token allocation schemes that often prioritize insiders:Source: Twitter.Adams was referring to...
bitcoin
Bitcoin (BTC) $ 13,618.58
ethereum
Ethereum (ETH) $ 403.54
ripple
XRP (XRP) $ 0.250865
tether
Tether (USDT) $ 0.999535
bitcoin-cash
Bitcoin Cash (BCH) $ 263.45
bitcoin-cash-sv
Bitcoin SV (BSV) $ 175.05
litecoin
Litecoin (LTC) $ 57.66
eos
EOS (EOS) $ 2.66
binancecoin
Binance Coin (BNB) $ 31.66
okb
OKB (OKB) $ 4.68
tezos
Tezos (XTZ) $ 2.08
leo-token
LEO Token (LEO) $ 1.28
cardano
Cardano (ADA) $ 0.103109
monero
Monero (XMR) $ 132.85
stellar
Stellar (XLM) $ 0.081484
chainlink
Chainlink (LINK) $ 12.00
huobi-token
Huobi Token (HT) $ 4.31
tron
TRON (TRX) $ 0.026910
usd-coin
USD Coin (USDC) $ 0.998066
dash
Dash (DASH) $ 70.17
neo
NEO (NEO) $ 17.03
iota
IOTA (MIOTA) $ 0.276935
nem
NEM (XEM) $ 0.097347
zcash
Zcash (ZEC) $ 60.36
maker
Maker (MKR) $ 580.17
paxos-standard
Paxos Standard (PAX) $ 0.999446
ethereum-classic
Ethereum Classic (ETC) $ 5.44
vechain
VeChain (VET) $ 0.011440
true-usd
TrueUSD (TUSD) $ 0.998688
ftx-token
FTX Token (FTT) $ 4.02
kucoin-shares
KuCoin Shares (KCS) $ 0.852586
waves
Waves (WAVES) $ 3.18