Binance CEO’s net worth hits $96B, Jack Dorsey launches BTC defense fund, Bill Miller apes into Bitcoin: Hodler’s Digest, Jan 9-15

Come every saturday, Hodler’s digestion It helps keep track of all the important news articles that happened this week. Best (and Worst) Quotes, Recruitment, Regulatory Features, Major Currencies, Forecasts, and More – Cointelegraph Week One Link.

The most important news of the week

Binance CZ CEO Is Richest Crypto Billionaire With $96 Billion: Bloomberg

Bloomberg estimates Binance CEO Changpeng Zhao (also known as “CZ”) as the 11th richest person in the world with a net worth of around $96 billion and the richest crypto billionaire. had become.

However, Bloomberg’s total excludes personal holdings of CZs in crypto assets such as Bitcoin and Binancecoin, suggesting that $96 billion could grow even more in the future. more.

To make the top 10 richest list, Czechoslovakia needs to look under the sofa and find an additional $11 billion to overtake Oracle co-founder Larry Ellison. At the top of the list is South African bad boy and Tesla co-founder Elon Musk. He raised $263 billion on the back of the success of a hugely funded electric car company.

Disney patented technology in the Park Metaverse theme

Disney holds a patent that allows you to create personalized, interactive attractions for theme park visitors.

The technology is said to be headset-free, including features such as personalized 3D effects that appear in the physical space of the entire park to accommodate visitors’ trips to different locations. It can be used to develop attractions for augmented reality.

This patent, called “Virtual World Simulator”, was registered in the United States. The move appears to be part of a broader push for Disney to enter the Metaverse segment, and CEO Bob Chabek said on a conference call last quarter:

“We can connect the physical and digital worlds more closely, enabling limitless storytelling in our Disney Metaverse.”

Billionaire investor Bill Miller invests 50% of his net worth in Bitcoin

Well-known investor Bill Miller currently invests 50% of his net worth in Bitcoin, in addition to investing in major industrial companies such as Michael Saylor’s MicroStrategy and mining company BTC Stronghold Digital Mining. a job.

Miller is an early investor in Amazon and says he still holds nearly 100% of the rest of his portfolio. He said he has gradually accumulated bitcoin since the price reached $30,000 in mid-2021.

Investors said they see themselves as real bitcoin bulls, and not just “bitcoin watchers.” Miller bought his first bitcoin in 2014, when bitcoin was trading around $200, and bought “a little bit more extra work” when it hit $500.

Former MP says Tonga will copy El Salvador’s bill to introduce legal bitcoin

Former Tongan MP Sir Fochito has outlined a bill to make bitcoin legal tender in the island nation. Fusitu’a said the country’s Bitcoin bill is almost “matching” the bill from El Salvador.

Fauchitwa, who currently chairs the Oceania chapter of the Global Organization of Parliamentarians Against Corruption, outlines five points on the roadmap for the adoption of the bill, which Parliament passed around September or October, all of which are planned. If you go down the street, this is the end of 2022.

It is widely believed that in 2021 Tonga will be one of the next countries to adopt Bitcoin as legal tender, and there is optimism among Tonga residents in 2022.

Jack Dorsey Announces Bitcoin Legal Defense Fund

Former Twitter CEO, Bitcoin Maxi and Block Founder Jack Dorsey announced plans to create a Bitcoin legal defense fund jointly with Alex Morcos, co-founder of Chaincode Lab and Sussex Academic Martin White. ..

A statement shared via Dorsey’s mailing list states that the fund will help provide legal protection for bitcoin developers “which are currently subject to multi-faceted action.”

“The main purpose of this fund is to protect developers from actions related to activities in the Bitcoin ecosystem, such as finding and retaining attorneys, developing litigation strategies, and paying bills,” the statement said.

Winners and losers

Bitcoin (on weekends)BTC) $43,121,ether(ETH) And $3,292 when XRP And $0.77..Market value $2.05 trillion, according to To CoinMarketCap.

Among the top 100 cryptocurrencies, the top three winners this week were Oasis Network (A rose) 47.47%, confidential (SCRT) 32.23% and the NEAR . protocol (Briefly) by 25.73%.

The top three losers in altcoins this week are Loopring (LRC) -14.23% YoY (YFI) -13.52% and Ravenquin (RVN) -13.01%.

Make sure to read more about cryptocurrency rates Cointelegraph Market Analysis..

memorable quote

“We take several positions, but rather than taking many positions on various issues, this will be an exercise in asking questions and seeking opinions from the general public.”

Jerome Powell, Fed Chair for upcoming cryptocurrency reports

“Centralization is the exact opposite of DeFi’s ethos and poses a major security risk. A single point of failure can be exploited by ardent hackers and malicious insiders as well.”

certificate

“We’re already a quarter of that, so 24% of Americans own bitcoin. It’s not hard to get to a third. It’s becoming more and more mainstream. People are listening to it everywhere — and it never goes away.”

Rick Edelman, founder of Edelman Financial Engines

“Wikipedia can’t define what counts as art, so including NFTs in your list, whether it’s art or not, makes things a lot easier.”

jonas, Wikipedia editor

“Solana prioritizes scalability, but there are trade-offs for a less decentralized and relatively secure blockchain, as evidenced by some of the network’s performance issues from its inception.”

Arkesh Shah, Digital Asset Strategist at Bank of America

“The number of addresses with the fewest bitcoins is actually going up compared to the number of whales. I think you have a deep retail trend anywhere in the world. People on board are growing more and more confident in bitcoin. It’s really people who drive prices up. .”

Pascal GautierLedger CEO

Subsequent employee surveys have shown that work weeks will be recharged.

LJ block, Director of Human Resources at Coinbase

“Most crypto investors are willing to pay taxes, but are concerned if this move violates revenue laws.”

Sopacrete BonsatPresident of the Thai Digital Asset Association

This week’s forecast

According to traders, Bitcoin’s reaching $44,000 could be a leap of relief, pointing to repeated “nuclear weapons” in December.

Bitcoin has had a somewhat volatile trading week, according to the company, with the price of the major cryptocurrency dropping to $39,675 on Monday. Cointelegraph Bitcoin Price IndexWe noticed that Bitcoin was selling for $44,315 by Wednesday. The assets were at $44,448 on Thursday and then declined later in the week.

Bitcoin prices rose on Tuesday, but Wednesday’s rally occurred on the same day that US inflation was reported to have risen at an annual rate of 7% in December. The best in 40 years.

The price of Bitcoin surged the day after it fell below $40,000 on Monday, but it could drop further as of Wednesday, according to a widely-followed Material Scientist on Twitter.

“Rest of bid has just been withdrawn,” one tweet said. “They have finished accumulating and can either use the cash to chase now or discover the same as in late November (Plubid + Stack ask a few days later).”

For Bitcoin transactions, bid refers to the buyer’s demand that is in the exchange’s purchase order. After peaking at $68,969 in November 2021, BTC dropped sharply for the rest of the month, dropping to $41,614 by early December.

FUD this week

LCX Loses $6.8M in Hot Wallet Settlement Via Ethereum Blockchain

Liechtenstein-based crypto exchange LCX confirmed Sunday that one of its hot wallets was hacked after the platform temporarily suspended all deposits and withdrawals.

This hack was initially highlighted by blockchain security firm PeckShield. The company has detected a suspicious transfer of ERC-20 tokens from LCX to an unknown Ethereum wallet. The hack was immediately confirmed by LCX, which announced the hack of several tokens including Ether, USD Coin (USDC), Sandbox (SAND) and LCX native tokens.

According to a PeckShield study, LCX lost a total of $6.8 million in hot wallet hacks.

FTC issues public warning about new crypto ATM scams

The Federal Trade Commission (FTC) published an alert earlier this week about a new crypto ATM scam containing a fraudulent QR code.

The FTC said scammers start with scammers who impersonate people such as civil servants, law enforcement agencies or potential dating partners on dating apps.

If the victim falls into a fake story, they will be directed to withdraw cash and then head to a cryptocurrency ATM to purchase the cryptocurrency. When they buy the code, the fraudster shares the QR code with the victim and transfers the money to the fraudster during the scan.

“The main things you need to know are: There is no government, law enforcement agency, utility company, or prize promoter telling you to pay with cryptocurrency. If anyone does, it’s a scam every time,” the FTC said.

It is said that the Central Bank of Pakistan wants to ban cryptocurrencies

According to local media reports, the State Bank of Pakistan (SBP) wants to ban all cryptocurrency transactions in Pakistan, claiming that assets such as Bitcoin are illegal and should not be used in transactions. more.

The Sindh High Court of Pakistan has reportedly held a hearing regarding the legal status of crypto in the country with several Pakistani authorities, including SBP, and has banned the sector through documents submitted to the court. Requested.

In addition to the usual trends in investor protection, money laundering and terrorism fears, the document states that the government has cut off the domestic crypto sector to pave the way for the devil’s central bank digital currency in countries such as China. Urging the court to follow the CBDC form.

Best coin telegraph job

The founder of QuickSwap: L2 is the path to mass adoption

“If you are a regular user and want to make small trades, Ethereum cannot.”

Green and Gold: A Crypto Project to Save the Earth

As the world debated the ethics of crypto, these projects changed the world for the better during 2021.

Volcanoes, Bitcoin and Remittances: Tunisian Lords Plan Financial Security

A former island politician wants to use bitcoin to ensure his country’s financial security.

Leave a Comment