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…
-
-
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…
-
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…
-
Weekly Bitcoin Review
Big dips in the market and Satoshi Nakamoto Trial
The trial for Bitcoin On Monday, Craig Wright, who claims to be Satoshi Nakamoto, the creator of Bitcoin, won in trial against the estate of a deceased former business partner. David Kleiman was a previous business associate and close personal friend of the Australian computer scientist who claims to hold a massive fortune of 1.1 million Bitcoin. Ira Kleiman, brother of David Kleiman, was the one to file the lawsuit. Ira claims that his brother and Wright created Bitcoin through a co-partnership in the suit. It is additionally claimed that the Kleiman estate is entitled to half of that 1.1 million Bitcoin, which is worth over 50 billion dollars. Kleiman…
