Crypto payments are coming to WhatsApp, what happened during the trial of the supposed founder of Bitcoin and guess who is still bullish on Bitcoin? These stories and more this week in crypto.
Crypto wallet service Novi has launched an extension of its pilot program on the world’s leading chat app, Whatsapp, which is owned by Mark Zuckerberg’s Meta. Selected users in the United States now have the ability to purchase, send and receive dollar indexed stable coins 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 was ordered to pay his late partner’s company $ 100 million for intellectual property infringement, but he can keep the 1.1 million early mined Bitcoins he claims he has access to. Despite calls to do so, however, Wright has never proven that he has access to the wallet of Bitcoin inventor Satoshi Nakamoto and it is doubtful that they are in his custody.
A community platform, Reddit launched its Community Points beta program and opened a waiting list for users to request the feature for their community, or “subreddit.” Users can earn community points in eligible captions by posting content and participating in discussions. Points can be redeemed for crypto or used to purchase features or participate in community governance.
A major video game publisher, Ubisoft has unveiled Ubisoft Quartz, a platform that allows players to earn and purchase in-game items that are tokenized as NFTs on the Tezos blockchain. Players will have access to NFT Drops, items such as free weapon skins, unique armor and clothing, as well as a message that teases future initiatives: “This is just the beginning …”
The major exchange Coinbase will support crypto hardware wallets, starting with Ledger. Users of the Coinbase Wallet browser extension will be able to connect their Ledger hardware wallets from next year while maintaining autonomy and full control of their assets. Coinbase’s mobile app will also support Ledger hardware wallets in the future.
In an effort to update the rules for Australian payments systems, new regulations have been proposed to include the definition of cryptocurrency-related services and products that are taking digital assets “out of the shadows”. Companies that buy and sell cryptocurrency will need to be licensed, and the government is working on a licensing plan for crypto exchanges in the country.
CIA Director William Burns revealed that the agency currently has a number of ongoing cryptocurrency-focused projects. The CIA is particularly focused on ransomware attacks and assists other US government agencies by providing solid cryptocurrency intelligence.
Less than two weeks after its previous purchase, Microstrategy has added over 1,000 additional Bitcoins to its cash. The company’s current Bitcoin stash is worth around $ 6 billion. Company CEO Michael Saylor is set to become bitcoin’s biggest fan and reaffirmed his belief that bitcoin will replace gold in a tweet: “Gold is a dead rock. There is no hope for it.
Cathie Wood, CEO of Ark Investment, estimates that an influx of just 5% of institutional money could catapult the price of Bitcoin by an additional $ 500,000. She asserted that cryptocurrencies are a new asset class with a very different correlation compared to 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 this week in crypto, see you next week.