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, first and foremost, Bitcoin appears to be showing signs of life, as it has passed the $5,000 mark, to the excitement of many cryptocurrency enthusiasts, investors and traders. In addition, banks are interested in how blockchain might apply to real estate, Tom Lee is back to being bullish, and a Ripple co-founder feels charitable. Russia’s social media giant launched its coin, as well, and another Russian company decides that they are interested in blockchain, as well.
In this week’s cryptocurrency weekly round-up: there are several negative stories that are not so inspiring when it comes to cryptocurrency mass adoption. First, it appears as though a Bitcoin ATM has been removed pretty much as soon as it has been installed in Dubai, and Twitch is abandoning cryptocurrency as a payment option. As if that wasn’t enough bad news - many are wondering whether Justin Sun, the founder of TRON, is buying Twitter followers.
This certainly might be the worst week in terms of news in recent memory for the cryptocurrency markets, although some might argue that these are all relatively small and isolated incidents. Mike Novogratz, the CEO of cryptocurrency investment firm Galaxy Digital, believes that Bitcoin can eventually overtake gold, in a more optimistic crypto news story. Odyssey is an annual hackathon that explores the potential of blockchain technology, and it will be taking place shortly, as well. Last but not least, Vietnam will soon be launching its first fully-authorized cryptocurrency exchange, which is great news for Asian crypto enthusiasts.