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Bitcoin price flirts with 11K, why?


After a few days of a lot of stability for Bitcoin (BTC), the leading crypto finally receives a significant boost and you will not guess by whom.

A $ 50 Million Dollar Crypto Momentum, Who’s Behind?

The price of Bitcoin (BTC) has managed to reach levels above $ 10,800 and flirt with 11K in the last hours, after quite bearish weeks. How? Why?!

Square, the payments company, announced its latest investment today: $ 50 million in Bitcoin! Yes, the company has acquired 4,709 Bitcoin with 1% of the company’s assets.

“We believe that Bitcoin has the potential to be a more ubiquitous currency in the future”said Square CFO Amrita Ahuja.

The news caused the cryptocurrency to briefly test $ 11,000, to later settle a little below that level. This is how the leading crypto has managed to gain 2.28% during the last 24 hours.

According to Jack Dorsey, owner of Square and CEO of Twitter, more important than Square investing $ 50 million in Bitcoin is that they are sharing as they did with the goal of having others do the same.

Will the price of Bitcoin succeed in exceeding 11K? Or, on the contrary, will you face a great rejection?

BitMEX CEO decides to resign after crypto controversy

The week before the controversy of the crypto community was what happened with the crypto exchange BitMEX, accused of operating illegally and without compliance with regulations.

Now CEO Arthur Hayes has immediately stepped down from all executive management responsibilities along with Samuel Reed, CTO.

“These changes in our executive leadership mean that we can focus on our core business of offering superior business opportunities for all of our clients through the BitMEX platform, while maintaining the highest standards of corporate governance.” said David Wong, president of 100x Group.

Centralized Ethereum nodes?

This time it is Anthony Pompliano who has established the most recent crypto debate on social networks. Specifically, the podcast host discussed that much of the Ethereum network is hosted on third-party cloud servers such as Amazon Web Services (AWS).

The Pompliano debate begins on Twitter when responding to a tweet from Jeff Bezos assuring that he could “Shutting down most of these Ethereum-based DeFi applications simply by shutting down AWS. You’re not decentralized if you just spin the servers with Uncle Jeff! “

To this comment Camilla Russo, founder of The Defiant, answered to the crypto debate noting that, certainly «Ethereum nodes could definitely be more decentralized. Even so, the facts do not support this argument.

According to Russo, only 33% of Ethereum nodes run on AWS.

Christie’s auctions its first crypto artwork linked to an NFT

As previously reported in CriptoTendencia, yesterday the auction of ‘Block 21’, a crypto work of art linked to a non-fungible token (NFT), was held. This piece is sold at $ 131,250 at an auction at Christie’s.

Thus establishing a new record price for an NFT; the previous mark was $ 105,000 a month ago.

In a few lines …

  • Apple asks Telegram to remove three channels used by protesters in Belarus.
  • Brian Armstrong, Coinbase CEO, announced that 5% of employees working for the crypto exchange opted for an exit package after the CEO pointed out that they should separate politics from work.
  • According to CoinTelegraph, Bitcoin addresses were boosted thanks to a crypto ad campaign carried out by the authorities of the People’s Republic of China.

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