Bitcoin

Jamie Dimon loves to hate Bitcoin — and J.P. Morgan thinks Bitcoin could reach $146,000. How does America's largest bank really feel about crypto?

MyCryptoWallet, which was founded in 2017 by Jaryd Koenigsmann, had previously claimed that it had more than 20,000 users.

Not only has billions of dollars been wiped off the total market cap of all cryptocurrencies, but more than $300 million has been stolen as a result of two audacious hacks.

Although Bitcoin managed to rally to $47,000 just an hour later, the world's biggest cryptocurrency has been pinned below $50,000 since.

Levels of resistance are currently set between $52,000 and $53,000 — and beyond that, the next challenge for bulls stands between $57,000 and $58,000.

At its lowest point, BTC had slumped to lows of about $42,800 — and had El Salvador been a little quicker with its purchase, it would have instantly made a profit of about $900,000.

"Talking about building this city beside a volcano is like thinking you are rich because you live next to a bank," one prominent Salvadoran environmentalist says.

A "stolen private key" meant up to $196 million was taken from BitMart, while BadgerDAO is trying to reason with an attacker who swiped thousands of Bitcoin from the popular DeFi protocol.

We've got all of this week's crypto headlines — and some tasty details on how you can get free Bitcoin by ordering takeout.

Adidas is getting into the metaverse, a Banksy painting is being split into 10,000 NFTs, Bitcoin is being rolled out to hundreds of millions of Brazilians, and crypto donations have surged.

In findings that may leave Bitcoiners choking on their coffee, academics at Australian universities argued that Ether's deflationary characteristics give it the upper hand.

It comes as MicroStrategy continues to accrue BTC at an astonishing space. Earlier this week, it emerged the software company had snapped up 7,002 BTC — paying $414.4 million.

Generous investors dug deep for an average donation of $12,600 — and in a reflection of the market's stunning performance over the past 12 months, that's a 20% rise from 2020.

Data from the crypto company suggests that more than 34 million people in Brazil currently lack access to banking services — and it's hoped the crypto rollout will boost financial inclusion.

Ether has suffered a pullback after being on the brink of securing new all-time highs. But as cryptocurrencies cool, virtual plots of land in the metaverse are selling like hotcakes.

The big rebrand came two days after the payment company's CEO sensationally announced he was leaving Twitter after 16 years.

Grubhub — which allows users to order food from restaurants and get it delivered — has entered into a partnership with Lolli, a firm giving consumers free BTC for shopping at eligible stores.

Meta hopes the changes will allow more small businesses to grow their audiences and reach a greater cross-section of customers — something that could be instrumental to adoption.