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 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.
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.
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.