https://www.youtube.com/watch?v=ebvPsr7zrXQ
Crypto payments come to WhatsApp, what happened during the trial against the supposed founder of Bitcoin and guess who is still optimistic about Bitcoin? These stories and more this week in crypto.
The crypto wallet service Novi has launched an expansion of its pilot program for the world’s leading chat application Whatsapp, which is owned by Mark Zuckerberg’s Meta. Select users in the US now have the option to buy, send and receive dollar-pegged stablecoins issued by Paxos through the chat app.
Computer scientist Craig Wright, who claims to have invented Bitcoin, has won a lawsuit against his former business partner. Wright has been ordered to pay $ 100 million to his late partner’s company for intellectual property infringement, but he is able to keep the 1.1 million previously mined bitcoins that he allegedly has access to. Despite being prompted to do so, however, Wright has never proven he has access to Bitcoin inventor Satoshi Nakamoto’s wallet, and it is doubtful that they are in his custody.
Community platform, Reddit has launched its Community Points Beta program and set up a waiting list for users to request the feature for their community or “subreddit”. Users can earn Community Points in eligible subreddits by posting content and participating in discussions. The points can be exchanged for crypto or used to purchase features or get involved in community governance.
Major video game publisher Ubisoft has unveiled Ubisoft Quartz, a platform that allows gamers to earn and purchase in-game items that are tokenized as NFTs on the Tezos blockchain. Players have access to NFT drops, items like free weapon skins, unique armor and clothing, and a message that inspires future initiatives: “This is just the beginning …”
The big exchange Coinbase will support crypto hardware wallets, starting with Ledger. Starting next year, users of the Coinbase wallet browser extension will be able to connect their Ledger hardware wallets and at the same time retain ownership and full control over their assets. Coinbase’s mobile app will also support Ledger hardware wallets in the future.
In order to bring the rules for Australia’s payment systems up to date, new regulations have been proposed that include the definition of cryptocurrency-related services and products that put digital assets “out of the shadows”. Companies that buy and sell cryptocurrencies must be licensed, and the government is working on a licensing plan for crypto exchanges in the country.
CIA Director William Burns has announced that the agency is currently operating a number of different projects that focus on cryptocurrencies. The CIA is particularly focused on ransomware attacks and aids other US government agencies by providing solid intelligence on cryptocurrencies.
Less than two weeks after the previous purchase, Microstrategy added over 1000 more Bitcoins to its cash register. The company’s current stash of Bitcoin is valued at approximately $ 6 billion. The company’s CEO, Michael Saylor, is quickly becoming Bitcoin’s biggest fan, reiterating his belief that Bitcoin will replace gold in a tweet: “Gold is a dead rock. There is no hope of it. “
Cathie Wood, CEO of Ark Investment, believes an inflow of just 5% of institutional money could catapult the price of Bitcoin by an additional $ 500,000. She claimed that cryptocurrencies are a new asset class whose correlation is very different from other asset classes, making them the key to diversification and the Holy Grail in terms of asset allocation.
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That’s what happened in crypto this week until next week.
