Bitcoin has stabilized again this week as the currency continues to hit the $ 12,000 ceiling. Where will you go next One analyst sees Battle Royale as an attempt by the whales to pay about $ 14,000. Other investors are more optimistic. You can see that Berkshire Hathaway’s recent sale of bank shares and purchase of shares in a gold mining company raise the price to $ 50,000. If Warren Buffett disrupted the banking system, he was late to party. Kim Dotcom was there two years ago – reminding his followers that he had advised them to buy bitcoin.
Still, the Federal Reserve could catch up. Governor Lael Brainard announced that the Federal Reserve is conducting research into the digital dollar. One of the partners for this research is the Massachusetts Institute of Technology, which will develop, test, and seek digital currencies over a period of two to three years.
The Fed isn’t the only person waking up to blockchain power. The United States Postal Service has applied for a patent for a secure voting system. The system uses the blockchain to secure the voting via email. A startup in Bulgaria offers cryptocurrency to travelers whose flights are delayed by at least an hour. In South Korea, 1 million drivers have already exchanged a license for a blockchain-based version that is used with a smartphone app. The program only started in May.
But Senegal could make South Korea look young. Akon, the Senegalese-American star and philanthropist, says his $ 6 billion city will be working on the stellar-based cryptocurrency Akoin. He says his realistic wakanda is 85 percent complete. Waviness is more ambition. Under the new CEO Brad Garlinhouse, the company is trying to become the Amazon of cryptocurrency. It’s about going beyond cross-border payments and promoting new apps on the Ripple Network.
Both projects are ahead of us, but at least some blockchain-based smartphones and watches have already started. The Samsung Galaxy S10 supports over 30 cryptocurrencies in its wallet, and the company’s KlaytnPhone rewards users with 2000 Klay tokens. The blockchain subsidiary Sirney Labs’ Finney has a built-in cold store and the DApp ecosystem. Cold storage is also a feature of the watchmaker Encrypto by Franck Müller. The watch face also includes a QR code for receiving Bitcoin payments. In the world of social media, Ignite is trying to offer a small blockchain-based blogging platform, an alternative to government-censored social media platforms.
The development of blockchain usage is not limited to all supercities, smartwatches and social media. Asia is looking for blockchain to protect against cybercrime during the pandemic. You seem to be on the right track. Binance recently helped the Ukrainian cyber police identify and arrest criminals involved in a $ 42 million ransom and money laundering operation.
And finally, while the crypto world is generally full of smart people with great minds, someone paid 40 ETH, about $ 17,000, for a digital photo of a cat drawn by Paris Hilton. The money will be used for charity. So maybe we can say that the crypto world is full of people with big hearts.