NewsThis Week in Crypto

This Week in Crypto 16/11/2020

Intercom Founder has Finally Jumped on the “Bitcoin Wagon”

Chairman and Founder of Intercom, Eoghan McCabe, has joined in investing in Bitcoin. He disclosed this in a tweet on November 16, saying that he has “firmly jumped onto the bitcoin wagon” after years of flirting with the prospect of investing in Bitcoin.

 

Bitcoin Gets New Fan in US Senate

Incoming Senator of Wyoming, Cynthia Lumis recently talked up Bitcoin on National Television. She commented on this in an interview on Good Morning America on ABC News, as revealed by Peter McCormack. Further, she stated that she sees cryptocurrency as an ideal store of value.

 

Crypto Startup Owner Predicts Google and Facebook to Embrace Bitcoin in the Future

Founder of crypto exchange BlockWork, Jason Yanovitz made a bullish claim on Twitter that Silicon Valley giants like Google and Facebook will soon adopt Bitcoin exchange on their platforms in the future. He said this while noting that PayPal’s adoption of cryptocurrencies is just a piece of the crypto adoption pie, and tech giants coming in would be simply insane.

 

Ukraine is poised to lead the Crypto Charge in Eastern Europe

The Ukrainian Government has passed new legislation to make cryptocurrency adoption legitimate in the country to make Ukraine the leading country in cryptocurrency hotbed in Eastern Europe. However, the bill also states that the Ministry of Digital Transformation will have its eyes on all cryptocurrency transactions tracking suspicious activities.

 

Mexican Billionaire Buys Bitcoin with 10% of his Liquid Assets

The second richest man in Mexico, Ricardo Salinas Pliego, disclosed in a tweet on Wednesday that he has 10% of his liquid portfolio tied up in bitcoin. The billionaire stressed the need to expand his investment portfolio, as he asserted that paper money is worth nothing.

 

Biggest Crypto Investment Manager Surpasses $10.4 Billion in Crypto Assets

Grayscale, a New York-based cryptocurrency investment manager that claims to be the largest globally, has announced in a tweet on November 16 that they now hold $10.4 billion in crypto assets with the majority of their assets in bitcoin.

 

Most Millionaires will have invested in Cryptocurrencies by 2022, Survey Says

According to a survey carried out by deVere Group, an independent financial advisory organization, 73% of the “High-end net worth category” poll participants are now already invested in or will make investments in cryptocurrencies before the end of 2022. The Survey group disclosed this in a blog post on November 18.

 

Bitcoin Price Moons to 18k, Charges towards 2017 ATH

After soaring past 17,000 just a few days ago, bitcoin reached the 18K mark yesterday, the highest it’s ever been in 2020. Many top analysts credit this meteoric rise to the declining economy mainly caused by the Covid-19 pandemic, forcing people to see value in crypto investments.

 

Rich Dad Poor Dad Author Says Bitcoin’s Recent Bullish Run shows that the Dollar is Dying

Robert Kiyosaki, the renowned best selling author, known for his Rich Dad Poor Dad publication in a tweet on November 13, said that the recent bullish run of BTC against gold, silver, and especially dollar reflects that the U.S. Dollar is “dying.” He further encouraged everyone to jump on the Bitcoin wagon.

 

Chainalysis offers to help U.S. Feds Sell $1 Billion Worth of Bitcoin

Onchain-analysis and security startup, Chainalysis disclosed that they had successfully launched their “asset realization program” to help government agencies manage and sell seized digital assets. The firm announced this development in a blog post on November 12.

 

Bitcoin Capital Inflow Moving at Unprecedented Speed says, Willy Woo

Popular analyst Willy Woo pointed out in his data that capital is moving into bitcoin at a record speed, which in turn means that price might continue to pump.

 

Ethereum 2.0 Deposit Contract Stake nears 100,000ETH 2 weeks After Launch

Ethereum Enthusiasts have already staked close to 100,000 ETH into the ETH2 deposit contract, with a single depositor staking 16,000ETH. The 100,000 ETH deposited is still about 20 percent of the 524,288 ETH needed to run the proof-of-stake mechanism in Ethereum 2.0 effectively.

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