So much has happened this week! We saw a capitulation point of bitcoin before bears took over and we saw the selling pressure push Bitcoin down toward the $9000USD mark then move back up above $9100USD So far it has been a stable hold, however we may see some more action within the coming weeks.submitted by IOTAbesomewhere to Gravychain [link] [comments]
Widespread scamming within the Twitter-sphere, Youtube and other platforms as Bitcoin and other cryptocurrencies may seem like fair game. Cryptocurrencies providing big payouts for scammers without the ability for reversals of accounts. Remember if something seems too good to be true, do some research or just plain do not respond/believe it. Stay safe and careful with your funds!
On the brightside, there has been even more adoption of cryptocurrencies as rumours of Paypal utilising cryptocurrency has been confirmed as they are developing crypto capabilities. In addition to this we received exciting news at the start of this week about Binance partnering with Swipe (SXP) and offering a debit card to spend BNB, SXP, BTC and BUSD. ( I will be keeping a swift eye on BNB and Swipe as its utilisation as tokens has just increased 43 fold).
Positive news for the Bitcoin network as its hashrate reaches all time high which helps to secure the network further even though mining profits have dropped by 50% from the recent halving. If you didn't know already the last Bitcoin will be expected to be mined in 2140 with its difficulty ever increasing and each time securing the network further. Processing units will have to become faster, stronger and most importantly more cost effective to continue to entice miners for the block rewards and further renewable energy practices.
Furthermore we can see Central banks and countries discussing and developing Central Bank Digital Currencies (CBDC). Read more about it here https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp and check out some of the developments in the world above. This shows the popularity and strong nature of cryptocurrencies. As the saying goes "If you cant beat them, JOIN them".
Overall, very solid week full of adoption, animation and anticipation. Another post next week for a weekly round up! See you then but in the mean time join us at our Gravychain Discord.
- DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! - The Gravychain Collective: https://t.me/gravychain - My Crypto HQ: https://t.me/My_Crypto_HQ
When Bitcoin first appeared, no one really thought a Satoshi would have any real value. But on 22nd May 2010, Laszlo Hanyec bought a pizza for 10,000 Bitcoins. (1 Bitcoin then was at USD 0.0025) Today that pizza is worth $71,000,000 US Dollars. So how do you value the price of one bitcoin? At today’s prices, the pizza transaction would total over U$ 91 million, making them the most expensive pizzas ever purchased. Bitcoin Pizza Day. Bitcoin Pizza Day is celebrated every year on May 22. Cryptocurrency enthusiasts gather together to order pizza and often publish meeting photos on social media. Bitcoin Pizza Day anniversary came round on May 22, a reflection on the most expensive pizza ever – a $5.2 million pizza! The picture shows the transaction on the Bitcointalk forum. What a way to burn through 10,000 BTC! Adding legitimacy to the virtual currency, Canada took steps in enacting law aimed at Bitcoin in the month of June. ‘The most expensive pizza purchase ever made’ story took place back in 2010 on May 22nd. On that day, Laszlo Hanyecz, a Bitcoin user, paid for pizza through Bitcoin. What makes this story exceptional is that he paid 10,000 Bitcoins for two pizzas from Papa John’s pizzas. His sharp hunger and access to Bitcoin to spend made this Hungarian guy, to use the BitcoinTalk forum to look for a ... Bitcoin, regardless of its rising mainstream reputation, is a favorite device of cyber criminals, with one ransomware variant, referred to Bitcoin Pizza, Anyone? On one sunny day in May, 2010 the world witnessed the purchase of two most expensive pizzas in history. As you already know from the history of Bitcoin, its price that year was rather insignificant. Pioneer miners did not know the full benefit of BTC coins those days, so often they come to spend these coins in various ... The World’s Most Expensive Pizza. The two pizzas were purchased for 10,000 BTC in 2010, an amount of bitcoin then worth approximately $25 dollars is now worth a mouth-watering $75 million. The pizzas were ordered by Laszlo Hanyecz who paid a fellow Bitcointalk forum user to get them. The event is widely seen as the first occasion that Bitcoin ... Tyler Winklevoss, a billionaire Bitcoin (BTC) investor and co-founder of cryptocurrency exchange Gemini, bought the world's most expensive ticket to space.The purchase was made back in January, 2014, according to a report by cryptocurrency platform Luno on Feb. 24. At the time, Winklevoss acquired a ticket to Virgin Galactic's passenger carrying spaceshift for 312.5 BTC, which was worth ... Bitcoin Pizza day 22nd May. Bitcoin Pizza day is here and this offers a great opportunity to see how far we have come in 9 years. Tonight I will be attending a Pizza night with a large group of Bitcoin enthusiasts. I fully expect some heated debate as the different communities within Bitcoin, Bitcoin Cash and Bitcoin SV will all be eating and ... May 22 marks the anniversary of the first-ever IRL purchase made with Bitcoin. Back in 2010, Laszlo Hanyecz made history when he bought two Papa John’s pizza (worth USD 25) for 10,000 BTC. At the time, the world’s first cryptocurrency was only a year old and the hungry ‘Bitcoin Pizza Guy’ thought it was a bargain. It was only 9 months later that Bitcoin hit parity with the US dollar ...
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