Weekly news digest: сryptо for Capitol rebels, the new Bitcoin Core and Nvidia's plans
The news of the week for the United States and all the world was the storming of the Capitol by Donald Trump supporters. On Friday, it became known that the protesters received cryptocurrency on their accounts. Will this affect the regulation of cryptocurrency? .. Meanwhile, Bitcoin took a break in its explosive growth, but forecasts say that it will get its positions back and move on.
More than $28,000, but not less than $50,000
During the week, the price of bitcoin dropped to $34,000, but by Friday there was growth again. Ki Young Ju, CEO of Crypto Quant, said that the price is unlikely to fall below $28,000: Bitcoin will be supported by institutional investors who now own large volumes of it. And analysts of the Skew service believe that Bitcoin will get $50,000 by the end of January: the conclusion based on the options market.
The prediction was that, quite soon, bitcoin will drop due to a new round of regulation. And this is more and more like the truth: on Wednesday, a new bill against the financing of terrorism via cryptocurrencies was presented in the United States.
Another sensation from America was the news that the participants of the riot in the Capitol, presumably, received payment in cryptocurrency. On December 8, 28.15 BTC were transferred to 22 wallets; one of them belongs to Nicholas Fuentes, a far-right political commentator who covered the riot. “We may see [extremist groups and figures] embrace cryptocurrency more as a donations mechanism”, said analysts at Chainalysis, who published the investigation.
The work of a hundred developers
On Thursday, January 14th, a new version of Bitcoin Core (0.21.0) was run. It is a client for connecting to the Bitcoin network, raising a node and validating blocks, as well as a popular bitcoin wallet. The project is being handled by a group of developers, including Wladimir Van der Laan, the successor of Satoshi Nakamoto.
The new version was developed by one hundred experts, collaborating with the project, for six months. Bitcoin Core 0.21.0 has support for Tor Network V3 addresses and descriptor wallets. Its productivity is higher.
Nvidia is thinking about mining cards
Nvidia could restart its line of mining graphics cards if analysts prove sufficient demand for them. This was stated by the financial director of the company Colette Kress. According to her, it is not clear what part of the demand is generated by miners.
Earlier, Nvidia had a line of dedicated mining cards called CMP, without the display outputs. Restarting the CMP could reduce the shortage of powerful graphics cards associated with mining.
As the hype around cryptocurrencies has grown, so has the number of fraud cases. How not to become a victim of a scammer who will offer you earnings on Bitcoin: read our Investor's Guide.