A walkout in an American publishing house led to the reduction in mass of the next memories of the director Woody Allen. The walkout followed 11 protests by Allen’s son Ronan Farrow, which is published by the same company. I should have taken this lead in Bitcoin, Woody.
Bitcoin price
After last week’s falling prices, Bitcoin appeared to have bottomed out earlier this week. Prices even went up to $ 8,900 on Monday, reflecting optimism in the markets.
One person who certainly felt optimistic was the PlanB analyst, who reviewed his Stock to Flow model and said that everything was fine, with prices still set for massive gains after halving.
On Tuesday, we were hoping that prices would continue to climb to $ 9,000, even if it didn’t have to be… at least, not Tuesday. However, on Thursday, the price of Bitcoin crossed the $ 9,000 mark, as the markets flashed green again.
It managed to hold steady at $ 9,100 throughout the day until Saturday, although the price fell to around $ 8,750 this morning, possibly due to some of the scammed PlusToken BTC starting again.
Of course, the price of BTC would be an entirely different beast if the cryptocurrency achieved mass adoption. If 80% of the world’s population used cryptocurrency rather than the current estimate of around 50 million. Can we go from 50 million users to 5 billion? Coinbase CEO Brian Armstrong thinks so, but won’t say when.
News in brief
It seems that the winner of the race to launch the first central bank digital currency (CBDC) will be the Bahamas. This week, the island nation rolled out the second phase of its “Sand Dollar” pilot project in its fourth largest chain of islands. It intends to roll out digital currency on all of its islands by the second half of 2020.
Warren Buffett lost $ 28 billion on his investments in just one week. Maybe it shouldn’t have been so quick to give this Bitcoin.
If anyone is still concerned about the Craig Wright case against Kleiman, this week we have learned that the documents provided by the “mysterious” bonded messenger may be forged. Why should they not be at this point? Also, Kleiman’s legal team has so far failed to find former nChain CEO Jimmy Nguyen for a statement.
The Supreme Court of India overturned the 2018 ban imposed by the Reserve Bank of India on banks dealing with cryptocurrency businesses. Indian cryptocurrency exchanges responded by restoring deposits and withdrawals in rupees (INR) less than 24 hours later.
Binance again encountered problems this week, trading being temporarily suspended due to a “message broker problem”. Binance CEO CZ must have been in a bad mood because when the exchange of rivals OKEx CEO Jay Hao offered to help, he blocked him on Twitter.
Facebook changed its plans for the Libra cryptocurrency in the face of regulatory scrutiny around the world. Apparently, the social media giant’s latest idea is to launch a series of digital currencies that strictly represent fiat currencies.
Tron supremo, Justin Sun, allegedly carried out a hostile takeover of the Steem platform, convincing Binance and Huobi to use the voting rights of the Steem tokens held on their exchanges to support the movement. Needless to say, the Steem community was not impressed.
And finally…
Well, it was only a matter of time.
Ladies and gentlemen, may I present to you … CoronaCoin. A cryptocurrency that allows users to earn money based on forecasts of confirmed infections and deaths.
I hope you are happy now.
What do you think of this week’s news summary? Add your thoughts below!
Images via Shutterstock