All cryptocurrencies dropped massively yesterday amid the fears of a new strain of COVID-19 that had speculators and analysts brainstorming scenarios of a possible new lockdown. Recently, scientists discovered the B.1.1.529 variant of the coronavirus. It has a high number of mutations that could make it immune to the antidotes developed to date. The price of the original cryptocurrency dropped as low as $53,675 yesterday. Anthony Scaramucci explained the recent drop as Black Friday for crypto.
El Salvador, the first country to make Bitcoin a legal tender continued with its BTC traditions and bought the dip yesterday. President Nayib Bukele took to Twitter to announce they have bought additional 100 BTCs this Black Friday. The small Central American nation started buying Bitcoin in September and currently holds nearly 1,100 BTC in their treasury.
Token rewards are an innovative way of creating and rewarding the token-holding community. However, no projects have created a solid community that works with the development team to design it.
The founder of Paytm, a major digital payment company in India, is “very positive about crypto.” Noting that cryptocurrency is here to stay, he expects it to become a mainstream technology in a few years.
Gitcoin’s price is up over 149% today, making it the biggest gainer on Crypto.com. More than doubling in price in the past 24 hours, Gitcoin has got the market’s attention. What is Gitcoin, and why is the price rising? Let’s find out.
Shoe giant Adidas is partnering with the crypto exchange Coinbase, though details on the new partnership remain unclear.
Thanksgiving is a major holiday for so many in the US, but it is also the day before the beginning of the Christmas / holiday shopping season - for both those within the country and globally.
Banking giant Morgan Stanley is significantly increasing its holdings of the digital currency investment product Grayscale Bitcoin Trust (GBTC).