Hooray for Friday! A week of controversy over Bitcoin’s possible correlation has ended. At the beginning of the week, the first cryptocurrency returned to 50k, and today again showed a decline. Recall that bitcoin broke through 57k last week, which caused a stir in the market. Many investors have a bullish mood, which only grows every day. At the time of writing, Bitcoin is trading around $48k. Despite the next correlation, it is expected that Bitcoin will raise its position at the beginning of next week, and it does not intend to fall below $45k yet.
Of course, it’s hard to imagine a week without Elon Musk and his Tweets. This week, he announced that he is going to build a Starbase city in Texas, and DOGE will rule it. There was no huge hype around his tweets, but it should be noted that the number of his followers has increased significantly. Let’s move away from the lyrical introduction to practical things. Now we will tell you about the main news in the crypto world this week:
1. Bloomberg has published a new report on cryptocurrencies and their impact. I would like to note the special optimism expressed by one of the most popular magazines of our time: “Bitcoin in 2021 is transitioning from a speculative risk asset to a global digital store-of-value, in a world going that way, in our view… $100,000 May Be Bitcoin’s Next Threshold.”
2. Canadian singer Grimes, the mother of Elon Musk’s son, earned $5.8 million in 20 minutes with the help of NFT at the Nifty Gateway site. Making money from the digital future is a family affair. The most expensive work was the drawing “Death of an Old Man”, which was purchased for $389,000. The high price is due to the fact that the drawing was accompanied by an exclusive track from Grimes.
There is even more interesting news from the world of digital art. The Associated Press has put the first digital painting up for auction. A digital work titled “The Associated Press calls the 2020 Presidential Election on Blockchain — A View from Outer Space” was put up for auction on the OpenSea platform.
The NFT depicts a visual map of the electoral college from space based on published AP data. To announce the election winner, the agency used an Ethereum address using Everipedia’s OraQle software.
3. The main event in the Internet search was the news that Google Finance added cryptocurrency to the list of displayed assets.
4. Rock band Kings of Leon will claim a page in the history books today when they become the first music artists in the world to release an album as a form of cryptocurrency. It is understood ‘When You See Yourself’ will be the first of three tokenized releases by Kings of Leon, and will be able to provide further exclusive deals including ‘front row seats for life’ and rare audio-visual artwork.
The band has teamed up with smart contracts outfit Night After Night and developed the tokens with YellowHeart – a music-led specialist in blockchain.
5. Rumor has it that the next company to start accepting Bitcoin for their services after Tesla will be Netflix. There have been no official announcements yet, but bitcoin optimists on social media have already pushed the company to invest in the cryptocurrency.
In the meantime, Thailand’s largest cinema chain now accepts Bitcoin as payment. This cryptocurrency pilot programme is a collaboration between digital asset exchanges Zipmex and Rapidz. As part of Cineplex’s new Bitcoin payment system, customers who opt-in will be required to download the Rapidzpay application, and will then be able to receive their tickets from a kiosk machine.
Stay tuned to our wallet, enjoy the usable interface and transaction security, and check back for updates and news on Twitter, Telegram, Facebook, Reddit, and LinkedIn. Let’s learn the cryptocurrency market together step by step!