Bitcoin dominance waning The price of Bitcoin has seen a solid recovery over the last week. It currently sits around $51,200. Yet other assets have once again outperformed Bitcoin this week. Cardano (ADA) is up 23% this week, Polygon (MATIC) is up 25% in the week, and Polkadot (DOT) price is up over 30%. In contrast, Bitcoin price is up 9% this week, which is still nothing to scoff at. This does show that coins on smaller networks are beginning to gain more traction, lowering the dominance Bitcoin has shown over the cryptocurrency market for its entire run. However, this is not due to a lack of people buying or…
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Weekly Bitcoin Review
Gwyneth Paltrow endorses Bitcoin, news from Jackson, Tennessee, and .01% of holders own 5 million Bitcoin
Jackson, Tennessee adds Bitcoin as a city payroll conversion option A report from Jackson News claims that the city is working on making it an option for employees to receive payment in Bitcoin. This change can happen as early as in the first few months of 2022. Miami is the only other U.S. city that is in a similar position to add Bitcoin to their payroll. However, at the current rate it seems Jackson will be the first city to do so. This news is much needed after a rocky couple of weeks for Bitcoin. In the months of November and December, the digitized asset saw dips in price and…
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How Cryptocurrency Changed My Life
I educated myself about Blockchain, and am not looking back
Most teenagers are excited for their 18th birthdays because they can legally get a tattoo, rent an apartment, or maybe go ski diving. I was excited because I was finally going to be able to buy into cryptocurrency, a concept that had already fascinated me for months prior to my 18th. That was a little less than 14 months ago, but I have never been so glad that I did anything. I have always had an infatuation with economics, the distribution of wealth, and how society functions in respect to currency. The idea that cryptocurrency could disrupt the current economic system fascinates me to no end. When I first got…
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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…
