This week in Bitcoin – Oct 21st, 2019


Hi, I’m Nate Martin from 99Bitcoins.com and here’s what happened this week in Bitcoin. It was not a good week for
Facebook’s Libra project – again. Hotel reservation company, Booking.com,
joined PayPal, Visa, and Mastercard to become the 7th major
company to exit the project. Furthermore, a US Congressman said Facebook
should drop Libra and instead implement Bitcoin. Warren Davidson criticized Facebook’s speech
filters and feared similar filters on transactions. The tax haven island of Bermuda is
set to accept US Dollar-pegged Stablecoin, USDC, for tax payments. USDC is issued by the major US exchanges, Coinbase and Circle. Bermuda is known for its lenient approach
to crypto taxation and legislation and now becomes the first nation to
accept a stablecoin for tax payments. Binance, the largest crypto-to-crypto exchange brought in approximately $186 million in profits in Q3; up 56% from Q2. Every quarter Binance burns BNB
worth 20% of its quarterly profits. During the 9th burn, Binance sent
2 million BNB valued at 36 million USD to an inaccessible address. Cumulatively, the exchange has made more than
$1 billion in a little over two years of existence. The supply of Bitcoin reached 18 million BTC
out of the maximum of 21 million. This means that over 85% of Bitcoin’s
total supply has been issued. It’s expected to take another
120 years before all the coins are mined. And finally, Oxford University Press has added
the term “satoshi” to their famous dictionary. The word “Bitcoin” was added in 2014. That’s what happened this week in Bitcoin.
See you next week.

3 thoughts on “This week in Bitcoin – Oct 21st, 2019”

  1. Last night, Bitcoin price briefly broke back above $8,000 and is currently teetering on the support line – which could possibly be the last stand for bulls in this range before new lows are reached. But all is not lost for bulls, and if Bitcoin buyers can push the price of the leading crypto asset up past a key resistance level, the bull market could be back on. If not, falling even deeper to find new support will be the end result, as of now, that looks unlikely. so for now my only advice for investors and newbies is to trade with Mr Paulo's program, a pro trader who’s is helping investors accumulate more bitcoin through his amazing trading strategy, with his program I went from making 1.5btc weekly to 7bitcoin in just 3week since I reached out to him, although, but it was really worth it. If interested, reach him on WhatsApp+1(919) 561-2988_or [email protected]

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