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BITCOIN WILL RISE TO $250, 000 BY JANUARY 2022 — NEW PREDICTION

Source: NewsCryp.to
Dec 11, 2021

With the success recorded by Bitcoin in recent times, it is expected that this digital currency will hit $100,000 by the end of this year, to the surprise of the soothsayers. With this development, Bitcoin (BTC) will nullify one of its notable price models with $1 million this year, becoming a focus for 2025. Hyland, who made a loyal following for his Bitcoin analysis over the years, anticipated the endurance of Bitcoin past 2022 in a progression of tweets on November 9. The new prediction will see Bitcoin hit $250,000 by January 2022.

Good-Bye to the $288,000 Stock-to-Flow Target
Attention is turning to what the future has for Bitcoin, with $100,000 still a prediction but a plausible end-of-year price for Bitcoin in 2021. New big-volume investors will play a major role in how Bitcoin (BTC) price action unfolds in the current halving cycle that will end in 2024, as far as Hyland is concerned.

Retail investors will be lured by a crowd of publicity campaigns from these large players — and this will commence immediately Bitcoin hits $100,000, authenticating the S2F (Stock-to-Flow) model shaped by quantitative analyst PlanB. The PlanB is confirmed to be right about the Stock-to-Flow model ($100k), even though the S2X model may tend to act as a catalyst for the late stages of the overjoyed run because many will believe the S2X model ($288K) will be proven right also.

The campaign won’t stop even with S2FX invalidated effectively, but for 2025 — the year following the beginning of the next halving cycle presumably due to witness a new parabolic run — this will be the $1million per Bitcoin narrative that replicates 2022. Even when the S2X ($288k) model is invalidated, the S2F ($100k) model remains intact and this predicts Bitcoin will hit $1 million by the year 2025. The large players will also do this in the years to come.

For Sure Bitcoin (BTC) will hit $1 million by 2031
Looking at the Bitcoin market from the current levels, it seems impossible to see Bitcoin waking from its slumber, but it will hit $1 million by January 2022. Other professionals in the field are even looking beyond the present cycle. One of them hinted that the $1 million Bitcoin price is certain by the 2030s. In the next ten years, Bitcoin will go through another three-block reward halving by the end of 2031. Million-dollar Bitcoin by then for sure.

BITCOIN (BTC) IS GUARANTEED TO TRANSFORM GOVERNMENT SERVICES

Source: NewsCryp.to
Dec 9, 2021

The aim of various governments is not just to use Bitcoin (BTC) for basic services like voting and identity but also intended to be used to support the growth of the economy. The introduction of Bitcoin (BTC) to the general public by governments will not just improve the way the public interacts with the government services, but also have wide social and economic implications. Bitcoin has come as a boost to the economy and also to transform the services rendered by governments

HOW GOVERNMENTS USE BITCOIN (BTC) TO TRANSFORM SERVICES

The governments use Blockchain in different ways like procurement, identity, and voting to transform services.

Procurement
Governments use Bitcoin for e-procurement. The Bitcoin-oriented e-procurement solutions offered matchless and distinctive benefits related to truthful disclosure, unending record keeping, and bureaucratic transparency.

Identification
Identity forms the basis for interacting with government services. The strengths of Bitcoin (BTC) align extraordinarily well to mitigate against frauds that have to do with casting votes, land transfers, passport procurement, and more. The decentralized nature of Bitcoin makes its use and management much cost-effective than centralized designs. The trustless nature of Bitcoin (BTC) makes it safer.

Voting
The paper-ballot voting system is still a dominant system of voting, despite the beginning of the digital age. Considering the significance of elections in the democratic process, voting is very essential. The paper-oriented methods of voting systems still suffer integrity, time, and cost problems. Blockchain as a newer and latest technology is not ready to replace the existing voting systems yet, but it is already strengthening the current systems. For example, an autonomous Bitcoin-based verification system is set up for securing the Indonesia paper-based election results of April 2019. As at the closure of polling stations for voting, 25 million votes were reported to have been recorded.

Further than Government Services
Governments are beginning to view Bitcoin (BTC) as an important infrastructure by experimenting with it. They are now having the understanding that Bitcoin infrastructure unleashes economic activity, making it an essential part of a thriving economy. The Bitcoin technology now maintains its position as a foundational infrastructure for all avant-garde governments. It is a technology that has attained the highest degree of national and international strategic importance. The Bitcoin technology is now on the increase, even though predicting the nature the global Bitcoin technology will take in the near future is not possible. The assurance remains that Bitcoin (BTC) has come to transform governments’ activities globally.

WHATSAPP IMPLEMENTS CRYPTO TRANSACTIONS

Source: U.Today
Dec 10, 2021

One of the biggest messaging applications, WhatsApp by Meta, has implemented the cryptocurrency transaction technology directly inside of the app via Novi wallet, Reuters reports.

According to screenshots posted by the Novi CEO, Stephane Kasriel, the application now supports transactions inside of the app via a new money-sending interface. Users will be able to choose the number of funds that they send and confirm the transaction directly in the dialogue with the recipient.

The program is already available for some users in the United States and is currently being tested. According to the CEO of the wallet, Novi does not change the current privacy policy of WhatsApp.

Meta, previously known as Facebook, has been working on the implementation of cryptocurrency payments inside of its apps for a long time after dropping its plans for the creation of its own digital currency due to regulatory concerns.

BITCOIN AND ALTCOIN PRICES HAVE REBOUNDED FROM THE ‘BLACK FRIDAY’ PLUNGE IN ASIA.

However, many cryptocurrencies such as Ether and Dash continue to move down against the US dollar.

Bitcoin recovered some of its worth ldquo; after the COVID-19 strain called omicron was announced, it fell by more than 8% on Black Friday. Bitcoin was trading at over $57,000 at the time of publication, up over 4.5%. The market capitalization of the virtual currency now approaches $160 billion, according to Coinmarketcap.

China contributed to nearly 24% of bitcoin transactions during yesterday’s plunge, said data platform CryptoCompare. The share of South Korean traders has fallen from 27% on November 15th, 2017 to 23% and those in Japan have increased from 18% to 22%.

The Bitcoin Asia Average Index (BCAAZ), which tracks prices from digital asset exchanges Bitfinex and OKEx, fell by five percent in morning trading.

“Bitcoin has remained the principal cryptocurrency in the Asian market,” said Charles Hayter, co-founder, and CEO of CryptoCompare. “South Korea continues to lead the Asia market, with a share of 22%.”

The Japanese yen claimed the largest BTC trading volume at nearly 45%. The USD ranked second place with only 19%, while the KRW and China’s yuan ​​had 5% each.

Chinese traders bought bitcoin after it fell to the lowest level since early November last Friday. They also bought alts such as Ethereum and Dash.

Still, the yuan has fallen against bitcoin to a record 1.9% decline during November 15-16th, while the dollar rose 1.8%.

Korean won ripple – South Korean currency has declined by 1.2% since Black Friday, while the dollar gained 0.9%.” The yuan fell against the US dollar during the two days, but it also lowered its decline against bitcoin by more than 50%,” said a cryptocurrency analyst who chose to remain anonymous.

A trader in South Korea said that he had never seen such a large price difference between exchanges. The price of 1 BTC on Bithumb was $17,704, while the price on Coinone was $16,988.

“Only the traders who were trying to buy bitcoin at a low cost and sell them on more expensive exchanges made some money,” said the trader. “If they had put their bitcoins in cold wallets and waited for some time, they would have seen higher returns.”Bitcoin and altcoin prices were pushed up after the COVID-19 straining was announced, but the increased interest in virtual currencies inevitably led to a drop in investor confidence.

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EL SALVADOR TO ESTABLISH ‘BITCOIN CITY’ WITH $500M FROM PROPOSED $1B BOND ISSUE

Source: NewsCryp.to

President Nayib Bukele stated that the Salvadoran government is going to create an entire city based on bitcoin, which is the only nation where bitcoin is legal tender. El Salvador is working on creating a city called “bitcoin city” where the use of bitcoin will be legal. The proposal to complete this project was recently introduced by president Nayib Bukele, who has stated that it would help bring in a huge amount of foreign investments and simplify transactions. According to News. Bitcoin, Bukele believes that the proposed town would help attract foreign investors and simplify transactions. It is possible that he is hopeful about a similar project in Venezuela, which was suggested by president Nicolas Maduro.

This digital currency called El Petro is currently being considered as a national cryptocurrency, but it has been criticized for its lack of transparency. El Salvador’s government is planning to sell $1 billion of bonds to finance this project and the treasury is also considering the use of bitcoin as payment for these bonds. According to president Bukele: “We are going to Establish the first city in the world where [the bitcoin] is accepted as legal currency.” On the Liquid Network, El Salvador’s president, Nayib Bukele, announced that his nation is creating a $1 billion USD “bitcoin bond,” a tokenized financial instrument produced by Blockstream.

Of that amount, $500 million will be used to help build essential energy and bitcoin mining infrastructure while the remaining $500 million will be spent to finance the development of a new city called “bitcoin city.” The $500 million bonds will be denominated in cryptocurrency, and it is possible that it will be paid with bitcoin. “Bitcoin City” will be built near a volcano along the Gulf of Fonseca, according to the president. The government intends to build a power plant near the volcano in order to supply electricity for both bitcoin mining and the city, he added. It is also possible that Bukele’s Bitcoin City be a literal city, with residential and commercial sections, restaurants, an airport, and a port and rail service. The city will be built in the form of a circle (like a coin), with a major bitcoin symbol in the city center.

There will be no income taxes, property tax, VAT, or fee for the purchase of goods and services. According to News. Bitcoin, Bukele’s project was presented on May 14 at a meeting with potential foreign investors in El Salvador. It has been suggested that investments will be needed from the private sector so that bitcoin can become a national currency and part of everyday life. Thus, the government intends to encourage the creation of digital currency mining centers, which will eventually turn El Salvador into Latin America’s largest crypto-mining nation. According to News. Bitcoin, the goal is for this project to be completed by 2022. The country has five years to establish a bitcoin economy that will have an impact on the rest of Central America and promote both the use of bitcoin and blockchain technology within the region.

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‘Invisible Aether’: World’s largest museum launches NFT art exhibition

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Mastercard launches cryptocurrency enabled payment cards in Asia Pacific

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Crypto scammers steal over Rs 3.7 crore in cryptocurrency by using Google Ads to fool people

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INDUSTRIAL BITCOIN MINING GIVES A FRESH LEASE OF LIFE TO A SMALL TEXAS COMMUNITY

Source: NewsCryp.to
Nov 1, 2021

Major Bitcoin miners have set up shop in Rockdale, Texas, at a former aluminium smelting factory.

Two Bitcoin (BTC) mining behemoths are competing for inexpensive power in a small Texas hamlet.

Bitdeer, a mining startup split off of Chinese behemoth Bitmain, and Riot Blockchain, one of the top publicly listed Bitcoin mining corporations in the United States, both run data centres in Rockdale, Texas, inside a former aluminium smelting plant.

The town’s aluminium smelting factory was formerly the world’s largest, until the firm that managed it, Alcoa, decided to close it down in 2008. According to Lee Bratcher, president of the Texas Blockchain Council, the facility’s energy capacity was squandered from the time Alcoa left until the miners arrived.

Despite being a small rural town of only 5,600 people, Rockdale offers all of the advantages sought after by industrial-scale miners: crypto-friendly politicians, large plots of land with abandoned industrial infrastructure ripe for repurposing, and dirt-cheap electricity prices thanks to Texas’ deregulated market.

The connection between the local grid operator, the Electric Reliability Council of Texas, and miners, according to Rockdale Mayor John King, is mutually beneficial. He noted that miners routinely utilise electrical power that would otherwise be squandered, and that they may also immediately shut down operations if electricity is required elsewhere. He continued, saying:

Miners commit to purchasing a set quantity of electricity, which they then resell at market [value] and profit from. They have a contract for two or three cents per kilowatt hour…and they can sell it for $9 per kilowatt hour.

Riot Blockchain has more than quadrupled its Bitcoin output this year, according to a study published on October 7.

The company currently believes that its Rockdale plant produces more than 500 BTC each month. The mined coins are worth $30 million per month at current pricing. According to Riot, the location is home to 100,000 mining machines.

Texan politicians are pressing for the state’s adoption of Bitcoin mining to be expanded further, with Senator Ted Cruz characterising mining as a way to absorb natural gas that the state now burns.

Cruz said that natural gas is now being flared in West Texas because there is no transmission technology to deliver that natural gas where it might be used the way natural gas would typically be employed.

Utilize that computing power to mine Bitcoin. Part of the beauty of it is that you’re immediately benefiting the environment by not flaring the natural gas and instead putting it to constructive use, he said.

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ELON MUSK WANTS PROOF $6 BILLION CAN SOLVE WORLD HUNGER

Source: Bloomberg Wealth
Nov 1, 2021

Elon Musk, the world’s richest man, challenged a United Nations official’s claim that just a small percentage of his wealth could help solve world hunger.

Musk was responding to comments by David Beasley, director of the UN’s World Food Programme, who repeated a call last week following an earlier tweet this month asking billionaires like Musk to “step up now, on a one-time basis.”

Beasley specifically called for action from Musk and Amazon.com Inc. co-founder Jeff Bezos, the two men atop the Bloomberg Billionaires Index.

Just $6 billion could keep 42 million people from dying, Beasley said.

If the World Food Programme, using transparent and open accounting, “can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it,” Musk wrote in a Twitter post.

Musk is CEO of the electric-vehicle company, which last week joined the handful of companies valued at more than $1 trillion.

The $6 billion amount would be just a small fraction of Musk’s current net worth of $311 billion -- and less than the $9.3 billion his wealth increased on Oct. 29 alone, according to Bloomberg’s wealth index.

Tesla forms the vast majority of Musk’s net worth. He’s very rarely sold stock in the electric-vehicle maker, whose shares reached a record $1,114 on Friday.

His fortune has also surged thanks to his stake in SpaceX, a private space-exploration company that was valued at about $100 billion last month.

Musk, frequently outspoken on social media, has also been critical of attempts to tax U.S. billionaires.

He said on Twitter that a levy on billionaire wealth would only make a “small dent” toward paying off the national debt, arguing that the focus should be on government spending. Musk also said a billionaire tax would just be the start of taxing the merely wealthy.

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THE ADA STAKE VOLUME ON THE CARDANO NETWORK HAS HIT A NEW HIGH

30 October 2021

Cardano holds boasting privileges for the organization with the most elevated extent of its circling supply marked and it has not relinquished this title. Cardano’s people group is home to financial backers who are contributing for the long haul instead of attempting to take transient benefits from the market. This implies that most financial backers have their coins marked on the stage to fill in as validators on its evidence of stake component.

The blockchain has filled in prevalence since it declared keen agreements capacity in September. From that point forward, different organizations and drives zeroed in on expanding ease of use on the organization have been reported. This move appears to have paid off as Cardano saw a record number of absolute flowing stockpiles hit an untouched high this week.

Absolute ADA Staked Hits 73% Of Supply

Cardano saw the absolute ADA marked on its organization hit a high of 73.15% on Thursday, an amazing number contrasted with the number of coins marked on its immediate rivals. Now, the organization had an aggregate of 23.9 billion ADA marked across 921,323 delegators. The all-out circling supply of ADA is just 33.26 billion coins, implying that just under 10 billion are not marked. This addresses the developing trust in the eventual fate of the undertaking, which some in the space have professed to be the blockchain of things to come. An intriguing truth behind Cardano’s marking network is that the coins are not secured. Dissimilar to Ethereum, ADA holders are as yet ready to move out their marked coins if they wish to sell. In any case, an enormous extent of its local area has decided to stake, saying a lot to the confidence of its holders in the undertaking.

Cardano Performance In The Market

Notwithstanding its amazing new associations and activities, Cardano has not fared too well in the crypto market. The altcoin has not pursued the rising direction of bitcoin in the previous weeks, which has left ADA attempting to keep up with its worth over the $2 level. Transient gauges for ADA are additionally commonly negative given the slacking energy of the digital resource.

ADA has extraordinarily changed as of late and Wednesday saw the altcoin crash underneath $2 without precedent for longer than a month. The cost of the digital resource had speedily recuperated after the accident. Notwithstanding, the harm had effectively been done ADA’s deficiency of steam in the course of recent weeks turned out to be significantly more clear as the value battled to hold above $2.01. Estimates stay grim for the resource, particularly now. Since it has so far not revitalized with the remainder of the market close by bitcoin, Cardano’s cost could see a retest of $1.7 before this cycle is finished. At the hour of composing, the cost of the digital resource is trading at $2.02 in the wake of posting a little recuperation from its plunge underneath $2. Cardano sits in the fifth spot on the crypto top 10 with a market of $67 billion.

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Squid Game cryptocurrency ‘SQUID’ rises 2,400% in one day 🦑🦑

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BINANCE COIN RISES BY 6% IN A DAY

BNB went through a difficult time seven days prior, where it was exchanged at $483.03 per token. Be that as it may, presently the token is rising, crawling nearer to its record-breaking high at $686.31. For quite a while, cryptocurrency lovers have conjectured that Binance Coin would build the cost after months with a steady graph. The cryptocurrency is the picture of Binance’s development by accomplishing a 7.10 percent top in its cost in under 24 hours, as indicated by CoinMarketCap. In seven days, the BNB token has ascended in cost to over 2.52 percent, with a trading volume of $2,339,225,114 in 24 hours.

The cryptocurrency BNB stays in the third spot among the most profoundly esteemed tokens, beneath Ethereum, which has additionally encountered an increment in its worth. The week could end with a bullish streak among the best three crypto tokens, where Bitcoin begins the rundown.

Binance stage could be behind BNB’s ascent

Since last week Binance stage has discussed the expansion of its crypto and the methodologies they need to apply to accomplish it. Among the proposition is a symbolic burning framework with which the stockpile in BNB will be diminished and consequently increment its interest. This proposition was declared last Friday and, not exactly seven days away, the BNB value skyrockets, which is a happenstance. Binance Coin, created in 2017 by the Binance stage, has a place with deflationary tokens with consistent resource burning that assists them with keeping up with their worth. This crypto consumes its stock in 3-month slips, which would summarize to activity four times each year.

Monday, October 18, was the last burning, compared to the seventeenth burning since its creation. This most recent burning needed to bring down the BNB reception rate, yet devotees got it, which expanded its cost fundamentally. Presently, Binance Coin accomplishes a market capitalization of $81,186,096,900 with a flowing stockpile of 166,801,148 BNB today. BNB is the main symbol that began on Thursday, October 28, on the ascent in light of the fact that Ethereum is trading at $4,188 with an ascent of 5.10 percent in its cost for 24 hours. Bitcoin, which is the world’s most marketed cryptocurrency, expands in esteem in 24 hours, arriving at a cost of $61,277.

KeyPoints

• On Monday, October 18, the BNB token completed the last burning.

•The Binance Coin is rapidly approaching a value of $500.

Binance Coin has remained a power in the cryptocurrency market, with its value increasing by more than 6.24 percent in 24 hours, as predicted. The Binance platform’s native currency, which is also known as Binance Coin, is currently valued at $486.73.

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BUYERS PAY $7 MILLION FOR A PREVIOUSLY VIEWED NFT COLLECTION.

October 26, 2021

Participants poured $7 million into a Dutch auction to obtain one of 50 Golden Tokens, which offer ownership of unminted NFTs by artist Tyler Hobbs.

Investors in nonfungible tokens (NFTs) have put $7 million into a Dutch auction that offered 50 tokens granting ownership over digital artworks that will not be produced until December.

Tyler Hobbs, the artist behind the popular NFT series Fidenza, will debut 100 one-of-a-kind digital artworks in his current collection Incomplete Control at the Bright Moments gallery in New York City from December 9 to December 13.

On Oct. 22, Hobbs’ followers paid 1,800 ETH (about $7 million) in return for 50 of 100 “Golden Tokens,” which provide the bearer ownership rights to one of the artworks set to be created during the event. Each token has a number between one and fifty that relates to a single piece of artwork from the collection.

The Golden Tokens were auctioned in a 90-minute Dutch auction conducted by Mirror Protocol. The tokens were initially valued at 500 ETH apiece, with the price declining at non-linear intervals every 5 minutes until it reached a floor of 5 ETH. Each of the 50 tokens was sold for between 30 Ether (approximately $120,000) and 80 Ether ($320,000).

Investors in nonfungible tokens (NFTs) have poured $7 million into a Dutch auction that auctioned 50 tokens allowing buyers to manufacture digital artworks they had not seen before.

On November 5, the remaining Golden Tokens will be allocated at random to 50 wallets that presently contain artworks from Hobbs’ previous series Fidenza or the CryptoCitizens NFT initiative. Individuals who acquire the tokens will be able to purchase an Incomplete Control NFT for 15 ETH, representing a 50% discount off the auction’s final clearing price.

Hobbs defines his Incomplete Control series as exploring issues of imperfection and how the digital sphere is able to transcend many of the physical world’s shortcomings.

According to Hobbs’ website:

The forces of chaos and entropy lend warmth to the natural world, and there are patterns and lessons to be found there.” I enjoy introducing these components into the digital realm, and Incomplete Control is an extension of that effort.

Hobbs’ previous NFT series Fidenza consists of a selected drop of 999 NFTs that each includes a unique generative artwork made with the purchaser’s transaction hash as data input. The collection was sold for more than 37,000 ETH (about $400,000) and is now on display on Art Blocks, a generative NFT platform.

Hobbs chastised Solana-based NFT startup SolBlocks in September for utilizing Fidenza’s open-sourced code to produce photos for commercial purposes without Hobbs’ permission. Hobbs has now turned down SolBlocks’ offer to split earnings from sales with him.

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Mastercard Merchants to Bitcoin After Bakkt Partnership

October 26, 2021

Mastercard will facilitate the offering of bitcoin crypto services by any of its merchants following a partnership with Bakkt, the bitcoin custodial platform.

“We want to offer all of our partners the ability to more easily add crypto services to whatever it is they’re doing,” Sherri Haymond, Mastercard’s executive vice president of digital partnerships, said in an interview before adding:

“Our partners, be they banks, fintechs or merchants can offer their customers the ability to buy, sell and hold cryptocurrency through an integration with the Baktt platform.”

No further detail is provided with an official announcement expected as Mastercard moves in to effectively replace BitPay and other similar services that facilitate bitcoin payments.

“We’re lowering the barriers to entry, allowing people to take something like your rewards points and trade them into crypto,” said Bakkt CEO Gavin Michael.

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COLOMBIA IS THE SECOND COUNTRY, AFTER EL SALVADOR, WHERE CRYPTO ATMS ARE EXPANDING RAPIDLY

October 25, 2021

The presentation of cryptocurrency ATMs into Colombia is critical for crypto entrance in an area where money is above all else. Cryptocurrency take-up in the Latin American locale was optimized when El Salvador as of late took on bitcoin as legitimate delicate. Colombia stood out for the number of ATMs in Latin America before El Salvador, and as indicated by Chainalysis’ 2020 worldwide crypto reception record, was second just to Venezuela.

The public authority acknowledged in April 2021 that the development of cryptocurrency couldn’t go unrecognized as tricks multiplied and that they should have been cautious. The issue at hand was obvious to everyone beginning around 2020; Chilean trade Buda.com recorded $31.1M in exchanged volume Colombia. From Jan to March 2021, the trading volume approached $40B.

The public authority’s experimentation with cryptocurrency went similarly to running administrative sandboxes among banks and nine crypto trades, like Pakistan, with the controller giving crypto charge rules and hostile to illegal tax avoidance rules. Jehudi Castro, digital change counsel to the Presidency, and an individual from the sandbox assessment board of trustees said that forbidding crypto would be trivial. He said it is better that they assemble information first, and carry out guidelines gradually.

What is driving the increment in ATMs?

Out of the fifty ATMs, Bogota has 29, six are situated in Medellin, three each in Bucaramanga and Pereira, and the rest are spread around the country, with no less than one each in Armenia, Barranquilla, Cartagena, Cucuta, and La Hormiga. Alejandro Beltran, CEO of Buda.com, said that Colombia keeps on being a significant crypto center point in conditionality, and since Venezuela is in the best 3 in the worldwide reception file, and is near Colombia, the increment in ATMs could be credited to crypto exchange associations with Venezuela. Or then again, he said, it may be the case that the crypto ATMs were making some monetary exchanges more effective than money could offer.

South American crypto reception driven by unrest

Colombia contrasts with other South American nations in that its crypto reception has not been required by political and financial disturbances. For instance, in Argentina, patterns of degrading, default, out-of-control inflation, and a three-year downturn have made the country ready for cryptocurrency reception. Mining has taken off there, with unfamiliar diggers finding the $0.06/kWh power duty for modern clients appealing. In Venezuela, the covering of banks during the Covid pandemic drove individuals to digital resource reception, just as flooding swelling.

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