In this week’s cryptocurrency round-up, there has been a lot going on in the week of April 28 - May 5. First and foremost, Bitcoin appears to be doing well in terms of price action, holding well above the $5,000 level. Additionally, it appears as though New York City criminals are trying to scam individuals by accepting cryptocurrency, and the NYPD is warning the general public about it. It also appears as though one of cryptocurrency’s most powerful influencers, John Mcafee, is teasing the release of a crypto debit card that he hopes will spur mass adoption.
In this week’s cryptocurrency round-up, there is a lot going on. First, India is still trying to figure out what to do with cryptocurrency, and an overall ban on the sector is looking more and more probable. The CFO of Binance also has some words for Facebook and the way that it seems to be thinking about crypto, and is more than skeptical.
Gene Simmons, one of the most famous rockers in the world, and also an author/entrepreneur - is a fan of Bitcoin, and not afraid to tell this to well-known cryptocurrency influencers. In an especially interesting bit of news, John Mcafee claims to hae had a conversation with Satoshi Nakomoto himself.
During the week of April 7-14, there was certainly some interesting cryptocurrency-related news. First, the world’s most popular cryptocurrency exchange, Binance, has decided to delist Bitcoin SV in a controversial move. PewDiePie, one of the most famous content creators in the world, has decided to sign on with a blockchain-based platform, which some believe might be a good move for overall mass adoption, or at the very least, that some other influential content creators might follow his leads.
In this week’s cryptocurrency round-up, we have some good news in the form of a Canadian town accepting cryptocurrency as a form of property tax payments. While this might not be an immense catalyst for mass adoption, it is undoubtedly a step in the right direction. However, there is some bad news for South Korean cryptocurrency exchange Bithumb, which claims that it has lost millions as the result of an inside job. As if that wasn’t enough bad news for cryptocurrency exchanges, Gatecoin is being liquidated. In addition, a Staten Island man is facing a significant amount of prison time for defrauding investors and stealing from them while claiming that he could make a considerable return on their investment, and he did this from his home, and through social media networks Facebook and Twitter. Additionally, Japan’s largest railways operator might soon be accepting crypto, and a Russia social media giant might be launching its own cryptocurrency.
This week has been busy in terms of cryptocurrency and blockchain, with many developments all around the world. First and foremost, the first cryptocurrency theft-related arrest just happened in Japan, which many believed to be the most powerful nation in Asia that actually embraces both blockchain and cryptocurrency. The individual that was arrested was 18, and had hacked hundreds of thousands of dollars worth of cryptocurrency. Royal Dutch Shell, one of the most well-known oil and gas companies in the world, was also actively hiring blockchain analysts, although no more applications are welcome. For those who are wondering about how blockchain is being discussed in popular culture, Joseph Lubin is openly praising it at the influential South By Southwest (SXSW) conference. Also, the Winklevoss Twins, two of the most influential cryptocurrency proponents in the world, believe that the crypto winter will be good for the space in the long term.