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Weekend Watch: Bitcoin With Another Failed Attempt at $20K

Bitcoin tried its hand at taking down $20,000 yesterday once again, but, just like it happened earlier this week, it was stopped and dropped by almost $1,000. Most larger-cap altcoins are slightly in the red now, while there are some gains from the mid-cap ones. Bitcoin Rejected at $20K Once More Bitcoin had a significantly less volatile week than the previous one when the US Federal Reserve’s actions pushed it south to a three-month low at $18,100. The asset recovered some...

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Spanish Telecom Giant Telefonica Embraces Bitcoin Payments

One of the largest telephone operators and mobile network providers in Spain – Telefonica – partnered with the crypto exchange Bit2Me to allow clients to pay for services in digital assets. Cryptocurrency adoption seems to be on a high level in the Iberian country. A few months ago, the leading airline company – Vueling – said travelers will be able to purchase flight tickets in bitcoin and other assets from January 2023. Telefonica Says ‘Yes’ to Crypto The Madrid-based...

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Bitcoin Mining Company Rhodium Looking to Go Public Via SilverSun Merger

The Texas-based bitcoin mining giant is entering a merger agreement with SilverSun Technologies, a publicly-traded business technology solutions provider, as Rhodium is planning to list on Nasdaq after an initial delay. Meanwhile, the fall in the price of BTC and the ongoing crypto winter has caused bitcoin mining companies to struggle to stay afloat. Rhodium Makes Another Shot to go Public In an announcement on Thursday (September 29, 2022), the merger between SilverSun and...

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Despite Bear Market, Billionaire David Rubenstein Remains a Crypto Proponent

The American billionaire and former White House official – David Rubenstein – reiterated his pro-crypto stance, predicting that the industry is “not going away.” His comments come in the midst of a market decline that has affected numerous digital assets. Bitcoin, for one, is currently 70% down compared to its all-time high valuation from November 2021. Crypto Provides Financial Freedom In a recent interview for Bloomberg, the Co-Founder of The Carlyle Group – David...

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Uniswap Labs Looking to Raise $100 Million at $1 Billion Valuation: Report

Uniswap Labs, which developed the Uniswap protocol, is reportedly holding talks with potential investors for a new funding round. The potential new round would value the startup at a unicorn valuation. According to TechCrunch on Friday (September 30, 2022), four anonymous sources revealed that Uniswap Labs is looking to raise between $100 million and $200 million in a new funding round, with a valuation of $1 billion. The startup is reportedly speaking to participants such as...

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Elon Musk and Jack Dorsey’s Private Messages About Decentralizing Twitter

Elon Musk and Jack Dorsey shared direct messages about creating a more decentralized version of Twitter shortly before Dorsey exited its board of directors earlier this year.  Those messages have now been publicly shared as part of a legal discovery process in Elon Musk’s battle to refrain from buying the social media platform. Here’s what they had to say.  An Open-Source Twitter On March 26th, Dorsey told Musk that a “new platform” would be required that does away with the...

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Crypto Pool Enterprise Poolin Is Halting All Withdrawals

As volatility in the crypto market continues, another company has decided to halt all withdrawals as a means of retaining and controlling liquidity. This time, the firm in question is a crypto mining pool provider known as Poolin, and none of the firm’s customers can gain access to their money. Poolin Is Preventing Customers from Accessing Their Money The maneuver has got a lot of crypto traders and analysts worried given that these kinds of steps only lead to more...

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LUNC Spikes 25% Weekly on Do Kwon’s Claims, BTC Rejected at $20K: This Week’s Recap

Unlike the previous week, which was full of volatility, the past seven days were quite more stagnant in the cryptocurrency space. Bitcoin, for one, had calmed around $19,000 after the most recent price drops and spent the weekend as well as Monday at that level. The situation changed on Tuesday when it initiated an impressive leg up, resulting in a price surge to over $20,000 for the first time in 12 days. However, the bears tightened their grip on the market and pushed the...

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Another Hack Involving the Face of Crypto’s Elon Musk Has Occurred

A hacker has used an old video of Elon Musk talking about cryptocurrency to potentially infiltrate the South Korean government. Elon Musk Is Constantly “Loved” By Hackers The incident was reported during the early morning hours of a day in mid-September. A YouTube channel hosted by South Korean regulators that often features videos and commentary discussing incoming policies and government-based events was overtaken by the hacker. The channel presently has about 263,000...

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