RadioShack announced their move into cryptocurrency on December 19th via Twitter. The rebranding of this company follows after two previous bankruptcy filings in 2015 and 2017. The company’s mission is “to be the first protocol to bridge the gap in mainstream usage of DeFi (decentralized finance) ” according to their Twitter. The plan is to capitalize on the well known RadioShack brand in order to bring awareness to their new token. RADIO Token One of the main issues in the world of cryptocurrency is that a gap exists between many traditional business models and blockchain technology. Many CEOs of big corporations have yet to put the time in to understand…
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Can Cryptocurrency Disrupt The Dollar?
Meme token pumps, politicians give their take, and old vs new money
Santa Floki On Christmas day, Elon Musk made a seemingly harmless tweet about his dog, Floki, wearing a Santa Claus costume. The CEO of Tesla and SpaceX generates social media buzz with nearly every tweet he makes. This tweet in particular caused some select individuals to make a lot of money. Santa Floki (HOHOHO) is one of the thousands of dog based meme tokens that float around the cryptocurrency community. The meme token has seen gains of over 5000% in a couple days, all because of an Elon Musk tweet. Musk was not referring to the Santa Floki token, but was literally making a Twitter post about his dog for…
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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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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…
