Man Wins Court Case Worth Billions of Bitcoin - 023👀

A weekly look at the Crypto News

Markets Go Down & Markets Go Up

Last week Markets were going up nicely until Friday when mainstream markets took at tumble which dragged the crypto markets with it. While panic sellers were busy trying to convince everyone that we were entering a new bear market lots of investors bought the dip. The transfer of crypto to strong hands is good for the markets as weak hands lose their positions and are less able to influence the game

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Winklevoss Twins gifting Bitcoin to charity

Cameron Winklevoss @cameron

Donating to charities that HODL #bitcoin can create an outsized impact. @tyler and I are proud to donate a 50 $BTC match to @charitywater's Bitcoin Water Trust that will HODL its bitcoin until at least Jan 1, 2025. Everyone deserves clean drinking water!

forbes.comCharity: water Announces Bitcoin Water Trust Reaches 100 BTC, Thanks To Matching Donation From Cameron And Tyler WinklevossCharity: water has always been one of the most innovative non-profits in the world, constantly pushing the boundaries of data and technology to come up with new ways to generate funds and awareness around their mission of bringing clean water to the developing world.

The Winklevoss twins, known for co-founding Facebook and being MASSIVE bitcoin Hodlers (bitcoin holders) are now making charitable donations in Bitcoin. Gifting an asset that increases in value overtime (rather than decreasing like the dollar) is a massive flex. Well done chaps.

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Craig Wright Wins A Court Case

Wright does not have to pay half of the Bitcoin he claims to own to the family of David Kleiman. Guess we will find out whether wright intends to prove he is Nakamoto at some point.

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Brazil wants to make Bitcoin Mining Tax free to incentivise miners to the country

Nation states around the world are feeling the pressure to welcome crypto firms to their jurisdictions. China banning miners was a huge own goal for the authoritarian regime and the rest of the world will profit from it.

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Bitcoin Hash Rate Nears Pre China Shutdown Levels

There aren’t any cool pictures of the Bitcoin Hash Rate so here is a beautiful duck instead

The Hash Rate refers to the amount of computing power that is being used to mine and process transactions on the Bitcoin Network. The higher the hash rate the more secure the network.

After China announced it was banning Bitcoin miners from the country the Hash Rate dropped. As we are now reaching peak levels again that tells us that all those Chinese miners are back online in other parts of the world.

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VISA is launching a Crypto advisory practice to help its clients navigate the crypto world.

It hopes to push further mainstream adoption of Bitcoin and other cryptocurrencies as they see crypto as an opportunity to expand beyond card payments.

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Until Next Time

The Wealth Gap