Leading cryptocurrencies fall over 10% Over the last seven days Ethereum (ETH) has fallen 13.3%, Binance Coin (BNB) 12.4%, and Bitcoin (BTC) by 10%. Both BTC and ETH hit three months lows, and still have yet to recover. Few coins have seen gains in the last week, Chainlink (LINK) and Cosmos (ATOM) being exceptions. The market cap of the whole crypto market has been in decline since the middle of November. The market saw a major dip in early December, and then continued the slow decline. Now in early January the market has once again seen a significant drop. Even with the market dipping in December, it still seemed bullish.…
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Weekly Bitcoin Review
Elon Musk as Time’s Person of the Year, Indian PM’s Twitter hacked, and will Bitcoin see a price of $40,000?
Here is our latest weekly Bitcoin review. The leading cryptocurrency in market cap continues to generate headlines. Narenda Modi, Indian PM’s Twitter hacked On Sunday, Narenda Modi, current Prime Minister of India, tweeted “India has officially adopted Bitcoin as a legal tender.” The tweet then proceeds to say that India has bought 500 BTC and will distribute them to all citizens. A very suspicious looking link follows at the end. PMO India, the official twitter of the Prime Minister’s office, had to issue a warning. With the recovery of his account, the tweet is no longer available for viewing on Modi’s Twitter. This tweet comes after several months of news…
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Our Weekly Bitcoin Review
Odell Beckham Jr’s crypto football salary, the Texas coin-mining boom, and a Bitcoin City in El Salvador
In the cryptocurrency space, no player or asset controls the market as a whole more than Bitcoin (BTC). With this new weekly feature, Modern Consensus will give the latest updates and big news stories from the previous week. The price of Bitcoin currently sits around $56,000, while it was at a high of $64,000 earlier in the week, a significant price drop. Sports Odell Beckham Jr., a wide receiver for the Los Angeles Rams and an extremely popular football player, is now accepting his entire NFL salary in Bitcoin. With a $4.25 million salary, this equates to a little more than 75 BTC a year. He announced this big change…
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Beyond Tesla? Two firms buy $100M in crypto as store of value… and more
A Norwegian energy firm and Chinese software company both said their cryptocurrency purchases were a prelude to entering the crypto and blockchain industry as well as investments
Splashy Bitcoin investments like Tesla’s recent $1.5 billion buy are largely aimed at avoiding losses to currency devaluation, but two firms’ recent purchase of just under $100 million go beyond that.
