Between Bitcoin (BTC) breaking the $50,000 hurdle and the upswell in the altcoin markets, crypto has never been more appealing to speculators. But, stacking profits through trading is worthless unless that money is spent. Luckily, charitable organizations are waking up to the possibility of crypto donations as the world embraces crypto. For blockchain entrepreneur Wendy O, when a local gym was in jeopardy, she knew to tap into crypto Twitter for help. Using social media, her YouTube channel and Tik-Tok, the influencer sent out the call to save a business dear to her heart.
Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law.
The Moving Average indicator shows that the buying pressure is intense, and the bears cannot alter the bull trend. The 20-day Moving average indicator had crossed over the 200-day Moving Average, suggesting that the bulls will continue to dominate the Binance coin market.
The number of Bitcoin (BTC) whales might be on the decline as revealed by on-chain data provided by Glassnode analytics. In an unusual reality, the number of addresses holding at least 100 units of Bitcoin, which in today’s valuation will be worth approximately $5 million, has hit a 1 year low of 15,958.
A “highly active” member of the Islamic State, Hisham Chaudhary, has been sentenced to jail following his role and the fundings he made to the terrorist group through Bitcoin. The 28-year-old Chaudhary from Oadby, Leicestershire, was found guilty of seven offenses under the Terrorism Act about two months ago, and “he posed a high risk of harm to the public,” said Judge Paul Farrer at Birmingham Crown Court.
First, it was decentralized finance (DeFi), then it was non-fungible tokens (NFTs), and now it seems as though the Next Big Thing in crypto might be Web 3.0. While somewhat vague, this term refers to making the Internet more ‘intelligent’ in various ways, from using AI to proactively respond to user queries to using decentralization to unlock novel functions and experiences.
NFTs or non-fungible tokens first captured the public imagination when a digital collage by an artist named Beeple sold for USD 69m at Christie’s in March 2021. Since then, there has been an explosion in the use of these units for storing digital content, which are bought and sold using online ledgers known as blockchains.