Up and down week for BTC.
It has been quite an eventful week for crypto to say the least. Bitcoin has hit another milestone when it hit over US$68K on Nov 9. Even with the recent climb, institutional demand for it has not abated. However the price slumped to below US$67K the following day amidst the news of Apple’s CEO Tim Cook denying any crypto plans for the company and compounded with the drop in Tesla’s share price. The price has since stabled to the US$64K-US$66K mark. Though there are no immediate plans for Apple to dip their toes in crypto, Cook himself has revealed that he personally owns cryptocurrency and has been interested in it for awhile now.
All the way from Glasgow, Scotland, the United Nations Climate Change Conference, known short as COP26 has been on going for the past 2 weeks. The future of the crypto market and sustainability was brought up by Kristina Cornèr where she states that the Blockchain has brought out a new mindset in people to seek solutions, and this climate change coalition is a prime example.
Zimbabwe, a country that might be following in the footsteps of El Salvador by legalising Bitcoin as a payment option. As there are also a few disadvantages for a decentralised financial system, the government of Zimbabwe has accepted that it is also the way for national development. Though it is still not set in stone yet, it cannot be ignored that more and more countries in Africa are moving into the cryptocurrency market.
What a week it has been for BTC and crypto as a whole, as always avoid leverage and stay safe.
Tim Cook reveals he owns crypto on a day Bitcoin hits historic high of $68k
Apple CEO Tim Cook has shaken Twitter revealing he personally owns cryptocurrency and has been interested for "a while".
Cook, whose real-time net worth is about $1.4 billion, shot down rumours that Apple is targeting crypto as an investment even as prices for bitcoin and Ethereum soared to new record highs. He said Apple has been looking at crypto, but might not offer users a way to pay with it anytime soon.
The sustainability of crypto and green solutions highlighted at COP26
TBEN editor-in-chief Kristina Cornèr spoke on Tuesday at the United Nations Climate Change Conference, known as COP26, in Glasgow, Scotland, on the positive impact of the ecosystem of cryptocurrency on environmental goals.
Arriving in Scotland’s second-largest city after hosting a panel at the Lisbon Web Summit last week, Cornèr addressed a wide range of topics from building interoperable relationships between people and technology to impact Bitcoin mining (BTC).
Zimbabwe may be the next country to embrace Bitcoin as legal tender
Zimbabwe has been paying attention to the increasing demand for crypto among its people, which it views as a possible avenue for growth. The country has also been receptive to regulating the entire sector.
Zimbabwe’s government is considering utilizing Bitcoin (BTC) as a legal payments option to meet this growing demand and harness the technology, according to local news.
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