Bitcoin Pizza

Saturday Is Bitcoin Pizza Day: Here’s How to Take Part

Saturday, May 22, marks the eleventh anniversary of Bitcoin Pizza Day. Here’s how to take part in the celebration.

What Is Pizza Day?

In 2010, early Bitcoin adopter Laszlo Hanyecz ordered two pizzas for 10,000 BTC, an amount that was worth just $25 at the time.

“I’ll pay 10,000 BTC for a couple of pizzas,” Hanyecz posted to the BitcoinTalk forums. “Like maybe 2 large ones so I have some left over for the next day….You can make the pizza yourself and bring it to my house or order it for me from a delivery place.”

Soon, another BitcoinTalk user accepted the offer and ordered two pizzas from Papa John’s to Hanyecz’s address.

Eleven years later, 10,000 BTC is worth more than $350 million, and the date is an annually celebrated event as it marks the first time Bitcoin was spent on a product or service.

Get Free Pizza or Free Bitcoin

Several companies are commemorating the event this year. Slice is giving away more than 2,500 pizzas across the U.S. in partnership with PizzaDAO. Meanwhile, Papa John’s is giving U.K. customers £10 of free Bitcoin when they place an order of at least £20.

Elsewhere, several exchanges are running trading contests. Binance is allowing traders to collect virtual pizza “ingredients” for a chance to win Bitcoin, and Gate.io is running a similar contest.

Additionally, crypto companies are rewarding engagement on social media. Paxful, BZ Africa, and Beldex will give users who describe or design their ideal pizza a chance to win crypto. Huobi, OceanEX, CoinTiger, and Sesterce are giving away free cryptocurrency to those who retweet or share contest announcements.

Gemini UK and OKCoin are giving away free pizza vouchers, while BitBuy is giving away UberEats gift cards to users.

Other Related Events

The deals do not end there: YouHodler is giving away a free Tesla to commemorate Pizza Day; users who put more than $1,000 into the loan service will be entered in the draw. Ballet is giving away pizza keychains to customers who buy a metal wallet.

Collectors of non-fungible tokens can also buy crypto NFTs from various projects, such as RarePizzas and CryptoPizza.

Finally, some companies are donating to charitable causes. Fidelity Digital Assets will donate to Global Food Banking, while Anthony Pompliano’s recently launched Bitcoin Pizza brand will donate to the Human Rights Foundation’s Bitcoin Development Fund.

Disclaimer: At the time of writing this author held less than $75 of Bitcoin, Ethereum, and altcoins.

   
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Bitcoin Pizza (Store) Day: California Pizza Store Sold for BTC

It’s nearly 11 years since the day when Laszlo Hanyecz, a programmer from Florida, famously purchased two pizzas for 10,000 BTC (worth some $530 million today). Now, Bitcoin is once again being used for a pizza-related transaction.

But this time round, it’s a pizza store that is being sold for Bitcoin, rather than a couple of Papa John’s pies, KSBY News reports.

Situated in Santa Maria, California, Bravo Pizza has been sold by its owners Matt and Kara Miller for an undisclosed sum of Bitcoin, to Jimmy Benavidez—who for the past several years has been the manager of the restaurant.

According to Benavidez, Bitcoin has been a common interest between himself and Matt, and the two of them often talked about the cryptocurrency.

For Matt, cryptocurrency is the future, because it offers “a unique way to exchange funds without centralized banking.”

“When he had mentioned he would take the payment in Bitcoin, it made a lot of sense to me,” said Benavidez, who takes over the property on April 1.

The Millers believe Bravo Pizza being sold for Bitcoin will be a “groundbreaking thing” for the Central Coast community; however, it might not be the first brick-and-mortar store to change hands via a cryptocurrency transaction. Earlier this year, two restaurants went on sale in New York, with their owner putting a price tag of 25 BTC or 800 ETH for both.

Even if a restaurant is a bit out of your price range, there are a growing number of physical goods you can now buy with crypto–from clothes and real estate to private jets and Tesla electric cars. And, of course, pizzas.

   

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Buy Your Pizza and Ice-cream With Bitcoin, Exclusive In India!

Recent times have been putting quite a smile on the crypto industry of India. Amidst various oppositions at first, now the crypto industry is flourishing in its own way. However, sources have confirmed that the complete regulations and frameworks are nearly ready and are all set for legalization. In spite of all these developments for the nation upon accepting Bitcoin (BTC) and the cryptocurrency industry, now the oldest cryptocurrency exchange of the nation, Unocoin takes a new strategic move.

Unocoin’s Strategic Move

Unocoin is an Indian cryptocurrency exchange and recently it brought forth its wallet too. This has moved the firm to great heights. Despite being the oldest cryptocurrency exchange in India, their work has been prominent and propelled themselves to such great heights. 

In spite of being launched long back in the year 2013, Unocoin is the oldest crypto exchange in India. Besides, Unocoin is considered to be the most widely used and trusted cryptocurrency exchange in India. The Unocoin cryptocurrency exchange comes under CoinMonk Ventures Private Limited, which is headquartered in Bangalore city. 

Unocoin’s Strategic Move

Unocoin went a step further in the Indian crypto industry by converting Bitcoin (BTC) to direct usage, similar to fiat money. Accordingly, Unocoin decided to promote this as much as it could. 

Furthermore, Unocoin now makes it possible to use BTC for many sorts of buying and selling of many sorts of goods and foods. In spite of this, they have come up with special kinds of vouchers which are of the value of 500 to 5000 Indian rupees worth of BTC.

Besides, these vouchers can be used to buy pizza from Dominoes, coffee from India’s biggest chain of cafes, Cafe Coffee Day, and much more. Also, the same can be used for buying ice cream from Baskin Robbins too. 

In spite of all this, it takes place via an app offered by the crypto exchange. In addition, the app features simple and user-friendly options like ‘Shop’ with which one could purchase the vouchers with their BTC values in accordance with the Indian rupees.

Moreover, the Co-founder of Unocoin, Sathvik Vishwanath states BTC is quite popularly accepted in numerous outlets throughout the West and the U.S. However, in India, it’s not yet and so our new initiative will be the first for the nation, states the co-founder proudly.

   

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First Pizza Purchase for Bitcoin Occurred 11 Years Ago, Here’s How Community Celebrates

Back in 2010, on May 22, Bitcoin was for the first time ever used as means of exchange. Back on that day, IT engineer Laszlo Hanyecz suggested paying 10,000 BTC on the Bitcoin forum to anyone who will buy and deliver two pizzas to his door.

That was the first ever documented BTC transfer used for purchasing.

In 2021, Bitcoin influencer Anthony Pompliano has launched a pilot project called “Bitcoin Pizza” in ten US large cities. Despite the title, pizza will be sold for USD but all the profits will be sent to Bitcoin developers – their Human Rights Foundation (HRF) fund. He expects to sell 10,000 pizzas in “Bitcoin Pizza” boxes made specially for this pilot.

Besides, Pomp is giving a Bitcoin Pizza party in New York City today in Washington Square Park at 12 noon.

   

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Staff at Biggest Dutch Domino’s Pizza Franchise Can Now Be Paid in Bitcoin

A Domino’s Pizza franchisee in the Netherlands is offering to pay its employees in bitcoin – appropriately starting on Bitcoin Pizza Day.

  • Staff taking up the option will be able to choose how much of their salary above the minimum wage – which must be paid in euros by law – they wish to receive in bitcoin, according to an announcement Saturday.
  • The franchisee, Immensus Holdings, is Holland’s largest with 16 Domino’s stores, and will offer the salary option in partnership with Dutch fiat-to-crypto gateway BTC Direct.
  • The company has over 1,000 internal and external employees who can opt into the scheme.
  • “We work with a lot of young employees. We hear them talking about bitcoin and we want to offer the opportunity to own cryptocurrency,” Immensuus co-owner Jonathan Gurevich said.
  • The news was announced on Bitcoin Pizza Day, which commemorates the first time bitcoin was used as a form of payment when developer Laszlo Hanyecz used 10,000 BTC to pay for two pizzas on May 22, 2010.
  • That amount of bitcoin is worth almost $410 million at time of writing.

See also: Soccer Player Ifunanyachi Achara the Latest Sports Pro to Take Salary in Bitcoin

   

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Papa John’s Pizza is now offering £10 in free Bitcoin to U.K. customers

American pizza franchise Papa John’s is offering its U.K customers £10 in free Bitcoin, a new offer on the pizza giant’s homepage shows.

“Select the Bitcoin offer online, spend a minimum of £30 for a £15 discount plus the free Bitcoin,” it reads.

The offer is part of a tie-in with London-based cryptocurrency exchange Luno to turn “pizza into Bitcoin.” According to its Facebook page, the promotional event ends on May 23rd.

In 2010, a programmer called Laszlo Hanyecz paid 10,000 BTC for two large pizzas from Papa John’s. Many say this was a foundational event in developing the Bitcoin store of value narrative.

But based on past examples, mixing Bitcoin and fast food tends not to work out.

Hanyecz has no regrets over buying pizza for 10,000 Bitcoin

Back in 2010, Bitcoin was a fledgling idea that was beginning to gain traction among niche elements of society. During that time, mining Bitcoin using a retail laptop or desktop CPU was entirely possible.

As an early Bitcoin miner, Laszlo Hanyecz benefited from the 50 BTC block reward at the time to amass a sizeable sum of Bitcoin.

In 2010, using BTC as means of payment was unheard of. But to challenge this convention, Hanyecz posted a proposition to exchange 10,000 BTC for two large pizzas.

Someone took him up on his offer, arranging delivery from his local Papa John’s, and the rest is history. Today, 10,000 BTC is worth a staggering $558 million.

But Hanyecz says he has no regrets over the deal. Instead, he remains philosophical by saying it’s all part of the delicate balance that keeps stakeholders incentivized.

Cryptocurrency is good for PR campaigns?

Fast food companies have often looked to cryptocurrency as a way to sell more products. Over the years, countless experiments with cryptocurrency have come and gone.

For example, in January 2018, at the start of crypto-winter, KFC did the Bitcoin Bucket. The accompanying tweet poked fun at the perceived complexity of cryptocurrency.

“KFC Canada presents The #Bitcoin Bucket. Sure, we don’t know exactly what Bitcoins are, or how they work, but that shouldn’t come between you and some finger lickin’ good chicken.”

In 2019, Burger Kings in Germany, the Netherlands, and Russia started accepting Bitcoin directly as payment.

But the franchisees soon withdrew the option to pay in BTC, citing prohibitive laws on accepting crypto for payment. The consensus is that crypto is good for PR campaigns but not as a permanent payment option.

Nonetheless, Papa John’s limited-time offer to give customers Bitcoin is evidence that fast food companies still recognize the potential of cryptocurrency within their industry.

   

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Not Just MicroStrategy: The Story of a Small Pizza Business that Bought Bitcoin Worth $200K

Numerous large corporations and institutions entered the bitcoin space in the last year or so with substantial purchases worth billions of dollars in total. Keeping in mind that some of those names were giants like Tesla, MicroStrategy, Ruffer Investment, and MassMutual, it’s quite normal that they all made the news more than once.

But what about the so-called little guy? Being considered as a highly-volatile and risky asset with a little over a decade-long history, BTC doesn’t sound like the preferable asset for smaller businesses to put on their balance sheets, right?

However, that doesn’t seem to be the case for a small husband-and-wife-owned pizza business with two joints in Alabama, the US, called Sam & Greg’s Pizzeria/Gelateria.

Greg Hathorn, the co-owner (also known as the husband), recently commented on a Michael Saylor endorsement of Square’s $170 million BTC purchase that they had moved $200,000 off their business’ balance sheet into the primary cryptocurrency.

CryptoPotato reached out to the Hathorns to find out more about their decision, thoughts on bitcoin, exit strategy, and everything in between.

Why Bitcoin, Greg?

Arguably the most profound question for every (new) investor is why he or she has decided to allocate funds in a certain asset – or as a popular US-British author wrote once – “it all starts with the why.”

Greg shared with us that his background was in IT, despite his ongoing restauranteur endeavors, and said that cryptocurrency and blockchain technology have been in his sights for quite some time.

While admitting that he was late to the party with his “ah-ha moment”, he believes that “these technologies represent the smartest use of the Internet to date, creating a positive disruption that will shake traditional finance to its core.”

“So, why bitcoin for my business? The simple answer is that I have worked hard to save money, and I don’t like seeing it disrespected and devalued. I also do not appreciate politicians and central banks reducing the value of the American worker to the speed of a printer. Bitcoin solves these problems.

The simple forces of a fixed supply and unlimited demand are in play, making bitcoin the obvious choice as the go-to store of value for those simply needing a place to preserve capital, no matter what size business.”

350% ROI in Less Than a Year

Greg revealed that the catalyst for this decision came in April 2020 – quite the decisive moment for the cryptocurrency industry as well as the entire financial field. The COVID-19 outburst had just been recognized as a global pandemic and the consequences spread through all financial markets, causing massive nosedives.

Bitcoin was not excluded, as it plummeted by 50% in a day to below $4,000 in mid-March, 2020. However, the Hathorns seem to have taken the Paul Tudor Jones III approach and go into bitcoin as the asset began its recovery.

Nevertheless, BTC didn’t stop with just a mere recovery and went on to new heights in the next eleven months. It’s not a surprise that the Hathorns’ bitcoin investment is “approximately 350% up since we started investing last April.”

Greg noted that he chose to go with Grayscale instead of the “crypto-exchange route because I just didn’t want to deal with maintaining a digital wallet, cold storage/hot storage, keys, etc.” He believes that the GBTC trust is among the most convenient tools for people wanting to receive BTC exposure at the moment but believes that the potential approval of a Bitcoin ETF could be a game-changer.

On the question of their overall strategy going into bitcoin, Greg told us that he’s not actively managing the cryptocurrency position. Instead, he prefers HODLing for now.

However, he plans to treat his “prudent” BTC investment slightly differently in the future – “I will take profits on the way up, and then reinvest on future dips.”

Other Small Business Should Consider Buying BTC Too

While it’s still not a common practice among larger or smaller businesses, Greg believes that every owner or executive should “at the very least, educate themselves on bitcoin” before making a conscious decision on whether or not to buy BTC as well.

“Bitcoin, and cryptocurrency in general, is not going away, so it should not be ignored as being just a fad that will fade.” – he asserted.

Although he acknowledged the asset’s enhanced volatility, Greg doesn’t feel it’s risky – “or at least not riskier than investing in stocks, market ETFs, or just sitting on cash.” He and his wife have invested in BTC funds that are “over and above the operating capital that stays in the business to meet ongoing cash flow needs.”

As such, he’s prepared to face the short-term volatility, despite the “stomach-churning that occurs when bitcoin dips and consolidates,” to “capture massive long-term gains.” Additionally, he feels privileged to participate as an early adopter of this “new Digital Monetary Network – an opportunity I can’t pass up.”

Greg also noted that the company’s BTC investment could ultimately benefit their staff, too, as it suggests job security and potential bonuses. He said that “they were excited” the first time he and his wife announced the bitcoin purchase.

“They felt that if we were able to do that, then the business must be doing well, which translates into job security. But, more importantly, I do plan to incorporate a portion of any Bitcoin profits into our annual bonus pool, which is shared by all employees. So, in a manner of speaking, you could say that our staff is invested in Bitcoin.” – he concluded.

   

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Bitcoin Rewards App Fold to Move to Full Lightning Network Support by 2022

Bitcoin rewards and payments app Fold would integrate the Lightning Network by the end of 2022. The Lightning Network is a second-layer scaling solution added to Bitcoin’s network. The Network enables off-chain transactions and near-instant micropayment processing, alongside enhanced privacy.

Fold Partners With OpenNode

In an official press release, Fold said it was committed to integrating Lightning Network support by the end of next year as part of its plans to support and push the Network adoption. To do this, Fold would partner with Bitcoin payment processor OpenNode for the transition. OpenNode helps businesses to accept Bitcoin payments on the Lightning Network. The app provides instant, low-cost prices with zero chargebacks using Bitcoin. The collaboration with OpenNode would enable Fold app users to enjoy instantaneous withdrawals of their Bitcoin rewards. This integration is expected to bring many Fold users to the Lightning Network. Over 500,000 Fold users are expected to benefit from this integration, many of whom have never experienced Lightning payments before. “We are continuing our tradition of moving the space towards Lightning as we did before in the early days with Lightning Pizza. By incentivizing users to use Lightning and opt to receive their rewards in a Lightning wallet, we are bootstrapping LN adoption,” Fold CEO Will Reeves explained in the release. Fold was founded in 2014 by Chris Martin, Corbin Pon, Matt Luongo, and Will Reeves. The Bitcoin rewards firm claims to offer the easiest and simplest way to earn Bitcoin. The app provides Bitcoin cashback through its Visa debit card and mobile application. Fold’s Lightning integration follows its augmented reality (AR) feature that allows users to earn Bitcoin and in-app benefits by exploring their physical surroundings. Fold launched the new feature alongside a free plan for the firm’s Bitcoin Rewards Debit Card.

Growth In Adoption Of Lightning Network

The Lightning Network has gotten much recognition lately as there has been a lot of enthusiasm surrounding it. Just yesterday, it was widely reported that Twitter was testing a Bitcoin Lightning tipping service. The tipping function is expected to use Lightning for smaller bitcoin payments and would support both custodial and non-custodial wallets.

   

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Think You’re Late To Bitcoin? Think Again

​Upon one’s first encounter with Bitcoin, a mixture of feelings, actions, and thoughts usually take place. They might feel empowered to have money they can fully control or satisfied for having secured a piece of the limited amount of bitcoin that will ever exist. But they can also feel both, and often a wide variety of other feelings find a new home in the now-Bitcoiner. However, every person who buys bitcoin feels like they are late — that one bitcoin is now too expensive and number go up (NgU) will not work in the future.

The “I Missed The Bus” Bias

As a Bitcoiner looks back, they realize how much one bitcoin has already increased in value compared to the dollar or other fiat currencies. The first recorded transaction of bitcoin for U.S. dollars happened in 2009 through New Liberty Standard, a primitive bitcoin exchange created by a BitcoinTalk online forum user that went by the same name. In that transaction, 5050 BTC were purchased in exchange for $5.02 paid through PayPal, putting the first recorded bitcoin price at $0.00099.

By 2010, bitcoin was more widely traded, and 1 BTC cost around $0.07. It was also in that year that bitcoin was first exchanged for everyday goods. BitcoinTalk member Laszlo offered: “I’ll pay 10,000 bitcoins for a couple of pizzas… like 2 large ones so I have some left over for the next day.” After the transaction, the Bitcoin Pizza Day was established and is widely celebrated to this day. But perhaps one of the most iconic BitcoinTalk posts in 2010 was from a user, ichi, who said they felt like they were late to the party then and didn’t have enough bitcoin.

That’s right — ichi thought they were already late and that 600 bitcoin was not a lot. But in dollar terms, that wasn’t a big stack indeed; 600 BTC would cost you less than $50. However, in the last 11 years, the bitcoin price has increased by over 700,000% to the current $50,000 level. So now, that 600 bitcoin stack is undoubtedly a huge stack. Moreover, it might seem absurd to think that such an asset might keep appreciating in the future, and similarly plausible to believe that if you’ve purchased BTC in 2021, yes, you are late.

But you might be looking at it from the wrong angle. To consider the appreciation bitcoin has had since that forum post is essential but more important is to realize that ichi genuinely felt like bitcoin was already valued too much, causing them to feel like they had missed the bus. Yet, in hindsight, we see that ichi had actually not missed the bus and that their “small” bitcoin stack became a huge one about a decade later. So by thinking you’re late now, you might end up walking through ichi’s steps.

Mind Your Perspective

Something that can be counter-intuitive for newcomers but can help a lot in the process is thinking about bitcoin in bitcoin terms. We might now look back and judge that ichi might’ve been naive to believe that 600 bitcoin were not enough back in 2010, but you see, we do that because that 600 bitcoin has increased in dollar terms. They haven’t increased in bitcoin terms. In bitcoin terms, which solely accounts for the fixed total supply of 21 million BTC, 600 bitcoin were, and will always be, the same amount. The mindset is everything divided by 21 million.

Although it is expected that bitcoin continues to be adopted more widely as time progresses and more people realize its distinctive characteristics and superiority as a store of value and medium of exchange, it can’t be known for sure. So, in 2010, when much fewer people knew about and used bitcoin, 600 BTC were easier to get, compared to 2021 when 1 BTC costs nearly $50k and it seems most of the world already runs a node, CoinJoins regularly, and pay for their haircut with sats through the Lightning Network. But that is not the case; we need to step back and evaluate adoption.

We Are Still Early

In Bitcoiner circles, we can often forget how most of Earth’s inhabitants are still clueless when it comes to Bitcoin. And you don’t need fancy statistics to realize that; note how mainstream media regularly says that Bitcoin has no use as money, citing the already-too-old arguments of volatility and scalability. Bitcoiners already know volatility will take care of itself as adoption grows, and the Lightning Network is already solving scalability; however, the rest of the world does not.

Along those lines, a recent Gallup survey found that only 6% of U.S. investors — defined as adults with $10,000 or more invested in stocks, bonds, or mutual funds — own bitcoin. That is less than 10 percent of an already restricted sample universe — those in one of the world’s most developed economies that also have a considerable amount of money invested. However, adoption can be more significant in other countries. In Singapore, for instance, 40% of citizens said they own bitcoin, and awareness there is vast.

But, stepping back, we notice how Bitcoin is only a little over a decade old. It is nascent money, still finding its way in a complex world with different cultures, backgrounds, and needs. So, Bitcoiners, who have put in work to understand the network, economic incentives, game theory, societal and political implications, and the technical side of the protocol and its nuances, think Bitcoin is already wholly known by the entire world. However, that is not the case.

Most people, companies, and countries will adopt bitcoin as the result of an adoption domino effect. And, naturally, it takes time for new entrants to fully grasp what Bitcoin is, how it can improve humanity, and the things it can—and cannot—fix. But as more people fall down the Bitcoin rabbit hole, society will come to understand the benefits of holding onto the best form of money ever created.

Think In Bitcoin Terms And Stack Sats

The bottom line is, beware of the “I missed the bus” bias, switch your financial perspective to price everything in bitcoin or satoshis, and enjoy that global adoption is still really low to stack cheap sats. We might not be as early as in 2010, but we are certainly not late. There are over 7 billion people on Earth, out of which over 50 million are millionaires, but there will only ever be 21 million bitcoin. As more companies put bitcoin in their balance sheets, more billionaires notice the uniqueness of bitcoin, and more education is spread on Bitcoin, the more adoption will grow and the less bitcoin there will be for those interested.

Do you remember when the internet wasn’t widely used at home, and mainstream economists saw little value in it, only to suddenly everyone, and every place have internet connectivity, leading us to where we are today? Bitcoin is not yet widely used, and mainstream economists see no value in it, but it is being adopted faster than the internet. So perhaps thinking about that next time you feel like you’ve “missed the bus” might help.

   

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Bitcoin Concludes Another Choppy Week Below $40K: The Crypto Weekly Recap

Bitcoin, and the entire cryptocurrency market, saw yet another choppy week where prices failed to recover substantially and continued to struggle.

The past seven days didn’t exactly go according to the intentions of bulls as the price of BTC is down about 9%, currently trading around $37,000. It all started last Friday when the price dropped from above $40,000 down to about $35k. In a sequence of choppy actions, the price attempted to take back the important psychological and technical level at $40K but was unsuccessful each time.

At the time of this writing, bitcoin’s dominance over the market sits at around 42%, which is a slight decrease compared to last week. In fact, it peaked at more than 47% on Sunday, but it has been only downhill ever since, showing that altcoins have it somewhat better compared to BTC.

Speaking of altcoins, there’s been a shift in the top 3 as USDT has claimed the spot over Binance Coin. This shows that the market really is struggling at the moment because a stablecoin boasts a higher market cap than the majority of altcoins. In any case, ETH is down about 4.5%, BNB is down 11%, while XRP, DOGE, DOT, and many others are down more than 20%.

The news was relatively calm in terms of news. One of the more interesting bits of information we got was the fact that Michael Saylor organized a meeting between Elon Musk and some US-based Bitcoin miners. Musk said that they committed to switching to renewable energy sources.

In any case, it’s also interesting to note that Ripple has no plans of forfeiting its plans of going public. Brad Garlinghouse, the CEO of the company, confirmed that they intend to do so once the lawsuit against the SEC goes away.

Last but not least, Apple is apparently headhunting talent with knowledge of cryptocurrencies for its alternative payments method department, which might be a sign of something interesting cooking under the hood.

Market Data

Market Cap: $1615B | 24H Vol: 150B | BTC Dominance: 42%

BTC: $37,017 (-8.4%) | ETH: $2,593 (-4.5%) | XRP: $0.905 (-20.05%)

This Week’s Titles You Better Not Miss

Cryptocurrency Market More Resilient Now Compared to 2017/2018: JPM Analyst. Irrespective of the massive declines in the last few weeks,s an analyst from JPM concluded that the overall cryptocurrency market is much more resilient now compared to back in 2017 and 2018.

Apple is Headhunting a Business Development Manager With Experience in Cryptocurrencies. It appears that Apple is moving forward with its plans to start adopting cryptocurrencies. The tech giant is now headhunting experts from the fintech world, including the crypto industry, for its alternative payments department.

Same Old Song With China Regulatory Issues and Crypto Ban: Long History Of FUD. Over the past weeks, we saw reiterations of old China bans, which cause serious turmoil in the cryptocurrency industry. However, it appears that there’s not much new in this regard, and we take a walk down memory lane to track previous instances of such reiterations.

11 Years Since The First Bitcoin Purchase: 2 Pizzas Now Worth $365 Million. This week was the international Bitcoin Pizza Day, marking 11 years since the first commercial purchase of goods using bitcoins. Interestingly enough, the 10,000 BTC that Laszlo Hanyecz paid to get two pizzas from Papa John’s are now worth over $365 million.

Ripple to Go Public After the SEC Lawsuit, Confirms CEO. Ripple’s CEO, Brad Garlinghouse, confirmed that the company plans to go public after the lawsuit against the US Securities and Exchange Commission goes away.

Billionaire Investor Carl Icahn May Get Into Crypto “In a Relatively Big Way.” The billionaire investor Carl Icahn said that his company might get involved in cryptocurrencies “in a relatively big way.” Without giving any further hints, Icahn might join a rather long list of investors who are already exposed to the market.

Charts

This week we have a chart analysis of Bitcoin, Ethereum, Ripple, Cardano, and MATIC – click here for the full price analysis.

   

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