Tech mogul Peter Thiel suggested this week that China might use bitcoin as a “financial weapon” to unseat government-backed currencies and WWE will launch Undertaker NFTs ahead of the biggest entertainment spectacle – Wrestlemania! Read the weekly round up below.
Reuters: April 8, 2021
Tech mogul Peter Thiel suggested this week that China might use bitcoin as a “financial weapon” to unseat government-backed currencies in general and the U.S. dollar in particular. The People’s Republic is indeed keen on digital currencies.
Decrypt: April 9, 2021
American media company World Wrestling Entertainment (WWE) will launch a series of non-fungible tokens themed around famous wrestler The Undertaker ahead of its upcoming WrestleMania event
BNN Bloomberg: April 7, 2021
Earlier this week, the total market value of cryptocurrencies topped two trillion dollars for the first time; that exceeds the value of the entire U.S. banking system. Giga energy Solutions is a company from Texas capitalizing on the crypto craze in a way you’re probably not familiar with– by harnessing the waste from producing fossil fuels to mine bitcoin.
Coindesk: April 9, 2021
BTC is attempting to break above a series of lower price highs since April 1, which suggests buyers are gaining strength as sellers retreat.
Buyers defended support around $55,000 this week, with bitcoin (BTC) currently trading around $58,500. There is strong resistance around $60,000, which has been tested multiple times since March.
Decrypt: April 8, 2021
Northern Data AG, a European data infrastructure company, has sold its US subsidiary Whinstone Inc. to Riot Blockchain, a publicly traded Bitcoin mining firm. Riot Blockchain will take control of Whinstone’s planned mining operations in Texas.
CoinTelegraph: April 9, 2021
Wyoming has passed a new law legalizing online sports betting in the state with gamblers able to fund their accounts with bookmakers using cryptocurrencies.
Bitcoin.com: April 7, 2021
Ripple Labs has reportedly won discovery from the U.S. Securities and Exchange Commission (SEC). The court has ordered the commission to produce internal records relating to discussions of whether XRP tokens are similar to bitcoin and ether
Alt 5 Pro: April 7, 2021
Litecoin is one of the most popular cryptocurrencies of the crypto market. It’s also one of the oldest ones, and has existed for 10 years. But what is Litecoin really, and is LTC still a good investment in 2021? In this guide, you will find answers to all your Litecoin questions.