This week has been a tough week for Bitcoin. The price has dropped nearly 5 percent in the past seven days and fell below $ 10,400. It may recover, but if it continues to decline, it could dip below $ 10,000 and close to the CME gap.
A sign that the price may fall is the reduction in the number of bitcoin addresses containing one bitcoin. They hit their lowest level in four months. But Tyler Winklevoss still believes Bitcoin is better than gold, and Michael Sailor, CEO of Microstrategy, has gone from a bear to a bull. His company recently bought about 16,800 bitcoins in 74 hours and spent about $ 175 million. Paypal is also bearish. The payment company is working on a method that allows traders to accept cryptocurrency.
In Brazil, fund manager Hashdex entered into an agreement with Nasdaq to launch the first exchange-traded fund with cryptocurrencies. The fund will be listed on the Bermuda Stock Exchange. As Hashdex works to deepen cryptocurrency trading, the meat processing company is using JBS blockchain technology to monitor the supply chain and ensure that no vendor is raising livestock on illegally deforested land.
Australia also sees an opportunity to secure food supply using blockchain. State-backed agricultural supply chain platform Entrust will use the Hedera Hashgraph to ensure wines from the Clare Valley region are not tampered with.
In Russia, the government has said it will prioritize the development of blockchain technologies, and the Maduro government in Venezuela has issued a decree regulating cryptocurrency transactions. The country’s miners now need a license.
Whether you are looking to buy a country, or at least part of a country, a new partnership between Upland and Tilia, the makers of Second Life, allows players to sell their virtual assets and turn digital money into cash. Alternatively, you can walk around Bakersfield. A Bitcoin Cash fan has left stickers with QR codes all over the city so people can download gifts of up to $ 500 worth of cryptocurrency. Bitcoin from Bakersfield is trying to encourage cryptocurrency adoption.
Bitcoin Man has already offered $ 1,100 and plans to drop another $ 2,000, but the distribution of 28,000 MEME tokens helped push the token price up to $ 1,175. Donations consist of 250 tokens each.
Craig Wright might get lucky this week. The Satoshi protester has lost an urgent verdict and will go to court in January for a $ 1 billion bitcoin lawsuit. In the end, Brooke Pierce hopes to do a better job. Former Mighty Ducks child star and Bitcoin billionaire have run for president of 15 states. He believes that 21st century cryptocurrency is the right to solve 21st century problems in America.