Bitcoin hits all-time highs as Tesla invests $1.5 billion
One week in review:
Feb. 7–13 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | #1. Bitcoin hits all-time highs as Tesla invests $1.5 billion | | | The past week is going to go down as one of the best in Bitcoin's history. It all began when an SEC filing revealed Tesla has invested $1.5 billion in BTC and planned to start accepting crypto as a payment method. | | | BTC's price immediately leaped to record highs on the news, surging by 20% in 24 hours. The announcement came weeks after Elon Musk added #bitcoin to his bio and revealed he supported the cryptocurrency. | | | Tesla's Bitcoin exposure represents about 7.7% of its gross cash position, and the news has sparked hopes that other major corporations will follow suit. | | #2. Mastercard announces support for crypto on its network in big week for adoption | | | Mastercard unveiled plans to start supporting crypto this year, paving the way for almost 1 billion people to spend digital assets at more than 30 million merchants. The company said the move was about giving its customers choice. | | | Elsewhere, PayPal revealed that its crypto service is going to be rolled out in the U.K., making it the first international market since a successful launch in the U.S. last fall. | | | Speculation is now growing that Apple will be one of the next companies to embrace Bitcoin. The cherry on top of the cake came when the crypto-focused fintech platform BitPay revealed that card owners can now pay for goods and services using Apple Pay. | | #3. Key Bitcoin price metric signals traders are positioned for $50,000 | | | BTC surged beyond $43,000 without breaking a sweat on Monday, besting last month's all-time high of $42,000. As the week progressed, Bitcoin managed to hit $48,900. | | | Many high-profile analysts openly predicted last year that $50,000 was a realistic price target for 2021. Just six weeks into the year, BTC has come tantalizingly close to this level. | | | One analyst, Cheds, told Cointelegraph: "In my view, bulls are still in complete control, and every day, we get more news of institutional adoption and demand and that, more than anything, will be the driving force." | | | Another, CryptoWendyO, described $50,000 as "inevitable," adding that a Bitcoin tweet from Musk could send BTC to $54,000. | | #4. Prediction of the week: Bitcoin price poised to hit $63,000, says trader filbfilb | | | The popular analyst filbfilb has declared that "the game has changed" for Bitcoin — and has revealed what he thinks will come next for the world's biggest cryptocurrency. | | | The Cointelegraph Markets contributor has said that he's anticipating "a bit of a correction" once BTC hits $52,000 but believes "the measured move overall should take us towards $63,000." | | #5. FUD of the week: India's crypto ban is coming, hodlers to be given transition period: Bloomberg | | | It's reported that the use of cryptocurrency in all forms will be prohibited under the new law — meaning transacting through foreign exchanges won't be allowed either. | | | Crypto exchanges have reacted with dismay to the news. Unocoin co-founder Sathvik Vishwanath said: "If government goes ahead with banning all cryptocurrencies, except the one backed by the state, it will not make sense to continue our business in India. But we'll have to wait and watch." | | | The Indian government has been determined to clamp down on crypto use after the supreme court overturned the RBI's blanket ban on local banks providing services to businesses dealing with crypto. | | #6. FUD of the week: FTX CEO claims competitor responsible for racist messages delivered to Blockfolio users | | | FTX CEO Sam Bankman-Fried, who acquired Blockfolio for $150 million last August, has shed light on what happened following a security review. | | | He claimed that the offensive content was produced and published by a competitor exchange that maliciously gained access to someone's account. | | | Bankman-Fried didn't name the culprit but stressed that funds were not jeopardized at any time. He also confirmed that Blockfolio has now fixed the vulnerability that led to this situation. | | | The executive has been praised for his handling of the situation, and he has apparently added $10 to the trading accounts of affected users, as well as donating to organizations dedicated to fighting racial and societal injustice. | | | Feel free to explore the most important news with Hodler's Digest: | | | |
0 Comments
Postingan
