So much has happened this week! We saw a capitulation point of bitcoin before bears took over and we saw the selling pressure push Bitcoin down toward the $9000USD mark then move back up above $9100USD So far it has been a stable hold, however we may see some more action within the coming weeks.submitted by IOTAbesomewhere to Gravychain [link] [comments]
Widespread scamming within the Twitter-sphere, Youtube and other platforms as Bitcoin and other cryptocurrencies may seem like fair game. Cryptocurrencies providing big payouts for scammers without the ability for reversals of accounts. Remember if something seems too good to be true, do some research or just plain do not respond/believe it. Stay safe and careful with your funds!
On the brightside, there has been even more adoption of cryptocurrencies as rumours of Paypal utilising cryptocurrency has been confirmed as they are developing crypto capabilities. In addition to this we received exciting news at the start of this week about Binance partnering with Swipe (SXP) and offering a debit card to spend BNB, SXP, BTC and BUSD. ( I will be keeping a swift eye on BNB and Swipe as its utilisation as tokens has just increased 43 fold).
Positive news for the Bitcoin network as its hashrate reaches all time high which helps to secure the network further even though mining profits have dropped by 50% from the recent halving. If you didn't know already the last Bitcoin will be expected to be mined in 2140 with its difficulty ever increasing and each time securing the network further. Processing units will have to become faster, stronger and most importantly more cost effective to continue to entice miners for the block rewards and further renewable energy practices.
Furthermore we can see Central banks and countries discussing and developing Central Bank Digital Currencies (CBDC). Read more about it here https://www.investopedia.com/terms/c/central-bank-digital-currency-cbdc.asp and check out some of the developments in the world above. This shows the popularity and strong nature of cryptocurrencies. As the saying goes "If you cant beat them, JOIN them".
Overall, very solid week full of adoption, animation and anticipation. Another post next week for a weekly round up! See you then but in the mean time join us at our Gravychain Discord.
- DISCORD LINK: https://discord.gg/zxXXyuJ 🍕 Bring some virtual pizza to share 🍕
Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments!
Big thanks to our Telegram and My Crypto HQ for the constant news updates! - The Gravychain Collective: https://t.me/gravychain - My Crypto HQ: https://t.me/My_Crypto_HQ
One reply on the original Bitcointalk thread mentioned that 10k BTC was a “bit too expensive” for two pizzas, as it was worth over U$ 41. At today’s prices, the pizza transaction would total over U$ 91 million, making them the most expensive pizzas ever purchased. Bitcoin Pizza Day. Bitcoin Pizza Day is celebrated every year on May 22. When Bitcoin first appeared, no one really thought a Satoshi would have any real value. But on 22nd May 2010, Laszlo Hanyec bought a pizza for 10,000 Bitcoins. (1 Bitcoin then was at USD 0.0025) Today that pizza is worth $71,000,000 US Dollars. So how do you value the price of one bitcoin? Bitcoin, regardless of its rising mainstream reputation, is a favorite device of cyber criminals, with one ransomware variant, referred to ‘The most expensive pizza purchase ever made’ story took place back in 2010 on May 22nd. On that day, Laszlo Hanyecz, a Bitcoin user, paid for pizza through Bitcoin. What makes this story exceptional is that he paid 10,000 Bitcoins for two pizzas from Papa John’s pizzas. His sharp hunger and access to Bitcoin to spend made this Hungarian guy, to use the BitcoinTalk forum to look for a ... The volunteer then ordered the Florida programmer a pizza from Papa John’s. Quite an expensive pizza, as 10,000 bitcoin is worth around $100,000,000 today. Silk Road is open for business. In January 2011 the Silk Road, a dark-web marketplace for all kinds of items, including illicit drugs, is established. Bitcoin catches the eye In any case, the tenth-ever Bitcoin Pizza Day is today: ten years ago, developer Laszlo Hanyecz exchanged 10,000 bitcoins for two pizzas; ... Nachdem man bereits beim Bitcoin Halving Event 2020 12,5 BTC verlost hat, hat sich Binance zur Feier des Bitcoin Pizza Day 2020 überlegt, einen BTC Pizza Day Event für eine Woche zu starten und insgesamt bis zu 50.000 Dollar in BNB-Token als Give Away ... In retrospect, this was quite a monumental transaction, and it also resulted in the most expensive pizzas ever. A ... Every year since that transaction, the bitcoin community remembers this event by celebrating Bitcoin Pizza Day on May 22nd. When bitcoin exchange Mt.Gox was struggling to stay afloat prior to their infamous collapse, then CEO Mark Karpeles wanted to prove that Mt.Gox was ... To this day, this is the most expensive pizza in the world... EVER. You'll find how this happened and learn everything about this memorable event in this post: Bitcoin Pizza Day — the facts. May 19, 2020 May 19, 2020 OJ Jordan News. Where you can get the JUST airdrop for TRON holders. In April it was announced that on 20th May a new token - JUST (JST) - will be airdropped to all the ... In 2010, a Bitcoin cost less than $0.01 per BTC. One of the most famous purchases made with a Bitcoin was by someone who purchased a pizza for 10,000 Bitcoins. Since that time, the value of the cryptocurrency has been rising significantly and today, it is about $450 per Bitcoin. According to the current price, that pizza was probably the most expensive pizza ever. How can we track the real ... The Most Expensive Takeout Order Ever. It didn’t take long before jokes began popping up on Hanyecz’s forum post. At the beginning of August, his order was worth well over $600 and many began taking him up on his offer.
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