Daily Crypto NewsEDITION #47, 09 October 2020

$50M in BTC

Hey #Moni Maker 🙃

Today, in 2009, U.S. President, Barack Obama, was awarded the Nobel Peace Prize. It was in 2009 when Satoshi Nakamoto presented Bitcoin to the world. And while by that time, Bitcoin has not yet reached today's levels of adoption, today we are 100 percent sure that Mr. Nakamoto is the best candidate not only for the Peace Prize but also the Nobel Prize in Economics. Time will tell, but we can't argue with the fact that Bitcoin has become one of the most significant inventions of our time. Well, let's see what's going on with your favorite Bitcoin and Co today?

$50M is about 1% of Square's total assets as of this year's Q2.

Jack Dorsey, Twitter CEO and Bitcoin enthusiast, previously stated that Bitcoin and Blockchain are the future of Twitter and the Internet.

So what?

Keep the change! 😂

Well, who will be NEXT in such crazy investments in BTC? CZ bets on Tesla. But what do you think?

BitMEX announced changes in the management structure of 100x Group, the operator of the trading platform.

According to the statement, Arthur Hayes (CEO), Samuel Reed (CTO), and cofounder Ben Delo will step down from their executive positions in the company. In addition, Greg Dwyer, head of business development, will take a vacation.

Last week BitMEX, Hayes, and other company executives were indicted by the Commodity Futures Trading Commission (CFTC) and the U.S. Department of Justice. The owners of the platform are charged with servicing an unregistered trading platform and violating CFTC rules regarding AML and KYC requirements.

So what?

We will miss your tweets, Arthur :( No Macafee, no CryptoHayes...Twitter will feel empty! At least bring Dave Portnoy back...

Seriously, it smells like outplaying. They want to save BitMEX by making the former management team scapegoats? Looks like it.

Willie Woo, a popular analyst, and investor, wrote that about $25 billion of capital needs to be invested in Bitcoin to push it to a market capitalization of $1 trillion (the price will be about $50,000 per BTC), which will make it visible in the segment of large assets.

For reference: today, there is $18.3 billion in USDT and USDC only, excluding new investors who will also bring money to crypto.

So what?

We always advise our readers to think with their heads, of course.

2021 is a beautiful year, but waiting for something all the time is...wrong, isn't it? People usually die in waitings...of something.

Yes, we can expect bullrun, and you shouldn't ignore it. But it's a really silly step to live only in the future when we see such cool projects as DeFi gives to us. Yup?