CoinMarketCap Daily, July 23: Jack Dorsey Is Bullish on BTC
Market Musings

CoinMarketCap Daily, July 23: Jack Dorsey Is Bullish on BTC

By Connor Sephton
2mo ago
2m

It's the end of the week, and Bitcoin is finally showing some progress — maybe because Jack Dorsey said it was a "key" trend for Twitter's future?

CoinMarketCap Daily, July 23: Jack Dorsey Is Bullish on BTC

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Bitcoin 'Key Trend' for Twitter's Future 🔥

Jack Dorsey has named Bitcoin as one of the three main trends for Twitter's future. Speaking to analysts, the CEO said it is "hugely important" for the company to invest aggressively in this space. He added that BTC is the best candidate for being the internet’s native currency because it "can reach every single person on the planet." What he said.

Significant Ethereum Improvement Proposal 🚨

A new Ethereum Improvement Proposal has been created to officially upgrade the blockchain’s consensus mechanism to Proof-of-Stake. EIP-3675 could fire the starting pistol on the next stage of the shift to ETH 2.0. Although this is a promising step, one Ethereum Foundation developer told Decrypt that it's unlikely to happen this year. Find out more.

Number of U.S. Investors Who Own BTC Trebles 🚀

The number of U.S. investors who own Bitcoin has trebled over the past three years, according to new research. Gallup says 6% of adults who have $10,000 or more invested in stocks, bonds or mutual funds now have exposure to the cryptocurrency, compared with 2% in 2018. The rise has been fueled by younger investors aged 18 to 49. The latest trends.

Reddit Turns to Layer Two 💪

Reddit has announced that it is scaling its Ethereum-based Community Points system with a layer-two rollup called Arbitrum. It's hoped that this will help reduce congestion on Ethereum's main network by executing transactions off-chain. Reddit users can earn Community Points in the cryptocurrency subreddit by making quality posts. Read more here.
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