This has been a tough week for Bitcoin. The price has fallen nearly 5 percent in the past seven days and has fallen below $ 10,400. It might bounce, but if it continues down, it could drop below $ 10,000 and get dangerously close to the CME gap.

One of the signs that the price may drop further is reducing the number of bitcoin addresses that contain bitcoin. They reached their lowest level in four months. But Tyler Winklevoss still believes Bitcoin is better than gold, and Microstrategy CEO Michael Sailor has gone from bear to bull. His company recently purchased nearly 16,800 Bitcoins in 74 hours and spent around $ 175 million. Paypal is also bearish. The payment company is working to enable sellers to accept cryptocurrencies.

In Brazil, fund manager Hashdex entered into an agreement with Nasdaq to launch the world’s first crypto asset exchange fund. The fund will be traded on the Bermuda Stock Exchange. As Hashdex is expanding cryptocurrency trading, the meat processing company is using the JBS blockchain to monitor the supply chain and ensure that none of the suppliers are raising livestock on illegally cleared land.

Australia also sees an opportunity to secure food supplies with the blockchain. It will use government-backed agricultural supply chain platform Entrust Hedera Hashgraph to ensure Claire Valley wines are not counterfeited.

In Russia, the government said it would prioritize the development of blockchain technologies, and in Venezuela, the Maduro government issued a decree regulating the cryptocurrency. The country’s miners now need a license.

If you want to buy land, or at least a portion of it, the new partnership between Upland and Tilia, the creators of Second Life, allows players to sell their virtual properties and convert digital money into paper money. Alternatively, you may stay in Bakersfield. A Bitcoin Cash fan is throwing QR stickers all over town so people can download gifts of up to $ 500 in cryptocurrency. Bakersfield Bitcoin Man is trying to stimulate the use of cryptocurrencies.

The Bitcoin Man has already given up $ 1,100 and plans to give away another $ 2,000, but distributing 28,000 MEME tokens helped push the token’s price up to $ 1,175. Draws were made in batches of 250 tokens each.

Craig Wright might be lucky this week. Satoshi’s candidate lost a brief ruling and will face a $ 1 billion bitcoin lawsuit in January. Ultimately, Brooke Pierce hopes to do better. Former child star Mighty Ducks and Bitcoin billionaire has reached 15 states in his battle for the presidency. It is believed that the cryptocurrency is the 21st century remedy for the problems of the 21st century in America.

Source: CoinTelegraph