Week in review: Apr 09, 2021 - Bitcoin as a Financial Weapon? Undertaker NFTs

week in review apr-09

Tech mogul Peter Thiel suggested this week that China might use bitcoin as a “financial weapon” to unseat government-backed currencies and WWE will launch Undertaker NFTs ahead of the biggest entertainment spectacle - Wrestlemania! Read the weekly round up below.

Breakingviews - China Plus Bitcoin is a Marriage of Convenience

Reuters: April 8, 2021

Tech mogul Peter Thiel suggested this week that China might use bitcoin as a “financial weapon” to unseat government-backed currencies in general and the U.S. dollar in particular. The People’s Republic is indeed keen on digital currencies.

Breakingviews - China Plus Bitcoin is a Marriage of Convenience

Decrypt: April 9, 2021

American media company World Wrestling Entertainment (WWE) will launch a series of non-fungible tokens themed around famous wrestler The Undertaker ahead of its upcoming WrestleMania event

Breakingviews - China Plus Bitcoin is a Marriage of Convenience

BNN Bloomberg: April 7, 2021

Earlier this week, the total market value of cryptocurrencies topped two trillion dollars for the first time; that exceeds the value of the entire U.S. banking system. Giga energy Solutions is a company from Texas capitalizing on the crypto craze in a way you're probably not familiar with– by harnessing the waste from producing fossil fuels to mine bitcoin.

Bitcoin Holds Support; $60K Resistance Within Reach

Coindesk: April 9, 2021

BTC is attempting to break above a series of lower price highs since April 1, which suggests buyers are gaining strength as sellers retreat.

Buyers defended support around $55,000 this week, with bitcoin (BTC) currently trading around $58,500. There is strong resistance around $60,000, which has been tested multiple times since March.

Riot Buys Massive Bitcoin Mining Site in Texas for $650 Million

Decrypt: April 8, 2021

Northern Data AG, a European data infrastructure company, has sold its US subsidiary Whinstone Inc. to Riot Blockchain, a publicly traded Bitcoin mining firm. Riot Blockchain will take control of Whinstone’s planned mining operations in Texas.

Crypto Wagering for Online Sports Betting Now Legal in Wyoming

CoinTelegraph: April 9, 2021

Wyoming has passed a new law legalizing online sports betting in the state with gamblers able to fund their accounts with bookmakers using cryptocurrencies.

Ripple Wins Discovery: Judge Grants Access to SEC Internal Records on Bitcoin, Ether, XRP

Bitcoin.com: April 7, 2021

Ripple Labs has reportedly won discovery from the U.S. Securities and Exchange Commission (SEC). The court has ordered the commission to produce internal records relating to discussions of whether XRP tokens are similar to bitcoin and ether

The Beginner’s Guide to Litecoin

Alt 5 Pro: April 7, 2021

Litecoin is one of the most popular cryptocurrencies of the crypto market. It’s also one of the oldest ones, and has existed for 10 years. But what is Litecoin really, and is LTC still a good investment in 2021? In this guide, you will find answers to all your Litecoin questions.

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ALT 5 Sigma covers fintech, blockchain, Bitcoin and cryptocurrencies bringing you the latest news and analysis on the future of money.