Bitcoin Price Surges Above $50,000: The price of Bitcoin has surged above the $50,000 mark for the first time since May 2021. This comes after a series of positive news in the crypto space including Facebook’s Libra announcement and Ripple’s partnership with MoneyGram. Analysts are predicting that this could be just the beginning of another bull run as more investors continue to pour into cryptocurrencies. However, some experts have cautioned against over-optimism, citing the possibility of market manipulation by whales who control large amounts of BTC.
Ethereum’s New Upgrade Delayed Again: Ethereum developers have once again delayed the launch of their highly anticipated upgrade, Serenity. The new release date is now set for October 2023, which marks yet another delay from its original target date of January 2021. According to Vitalik Buterin, the founder of Ethereum, the delay was necessary due to technical challenges encountered during testing. Despite the delays, many in the community remain optimistic about the potential benefits of Serenity, including faster transaction times and lower fees.
Facebook Announces Libra Cryptocurrency Launch Date: After months of speculation, Facebook has finally announced the official launch date for its Libra cryptocurrency. The social media giant revealed that Libra will go live on June 18th, 2022, with users able to buy and sell the digital currency through various platforms such as Calibra wallet or third-party exchanges. However, there are still concerns surrounding the privacy implications of using Libra, especially given Facebook’s history of data breaches and scandals.
Binance CEO Changpeng Zhao Resigns from Coinbase Board: Binance CEO Changpeng Zhao (CZ) has resigned from his position on the board of directors at Coinbase. In an email sent out to employees, CZ said he had decided to step down so that he can focus fully on leading Binance and growing the company globally. He also praised Coinbase for being one of the most trustworthy and reputable companies in the industry.
Ripple Partners with MoneyGram for Cross-Border Payments: Ripple has partnered with money transfer service provider MoneyGram to offer cross-border payments using XRP tokens. Under the terms of the deal, Ripple will provide liquidity support to MoneyGram, allowing it to process transactions quickly and efficiently. This move represents a significant boost for Ripple, which has been trying to gain traction among financial institutions for some time now. It also highlights the increasing importance of blockchain technology in the world of finance.
Amazon Files Patent for Proof of Work System: Amazon has filed a patent application for a proof of work system that would allow miners to earn credits by solving complex mathematical problems. These credits could then be used to purchase goods and services from Amazon Web Services (AWS). While details about how exactly this system would work are scarce, it does suggest that Amazon may be exploring ways to incorporate blockchain technology into its business operations.