Meta launches Metaverse Hardware Store, Elon Musk buys Twitter for $ 44 billion, and ApeCoin reaches new heights: Hodler’s Digest, 24-30. April

Comes every Saturday, Summary of Hodler will help you follow all the important news that happened this week. The best (and worst) quotes, adoption and regulation highlights, big coins, predictions and more – a week on the Cointelegraph in one link.

Top stories this week

Elon Musk buys Twitter for $ 44 billion – the crypto industry responds

Eccentric billionaire Elon Musk bought Twitter for about $ 44 billion this week, or $ 54.20 per share in cash. After the deal was accepted, Musk said he hoped “even my worst critics will stay on Twitter, because that’s what freedom of speech means.”

The reaction from the crypto industry has been mixed, with Dogecoin co-creator Jackson Palmer describing the purchase as a “hostile takeover” as opposed to the idea of ​​freedom, while Bitcoin bulls Anthony Pompliano and Michael Saylor welcomed the decision.

ApeCoin (APE) hits new high ahead of this week’s Otherside Land auction

Bored Ape Yacht Club affiliate ApeCoin (APE) reached a new $ 22.60 record on Thursday amid growing excitement over the upcoming Otherside metaverse land auction, hosted by Animoca Brands and BAYC creator Yuga Labs.

Otherside is an upcoming meta-project within the BAYC ecosystem, and it welcomes the sale of its first 100,000 plots on Saturday. Wallets that already have a BAYC or Mutant Ape Yacht Club NFT will be able to claim a plot for free.

Meta will open a Metaverse-themed physical store in the San Francisco Bay Area

Mark Zuckerberg’s Meta will open a retail store in Burlingame, California, which will sell VR and Metaverse equipment. The store will be located on Meta’s Burlingame campus and will have a wall-to-wall curved LED display that shows what users are seeing using Meta headsets.

The store will also feature demonstrations of everything related to virtual reality headsets, video communication screens and smart glasses. “Meta Store will help people create that connection to how our products can be the gateway to Metaverse in the future,” said store manager Martin Gilliard.

The Central African Republic will adopt Bitcoin as legal tender: Report

The Central African Republic (CAR) reportedly passed a bill this week allowing bitcoin to be used as a legal tender along with the franc. CAR is now joining El Salvador to take the ambitious step towards full adoption of BTC.

President Faustin-Archange Touadera’s chief of staff, Obed Namsio, reportedly said the move was aimed at making CAR one of the “boldest and most visionary” countries in the world. The nation of 5 million has one of the smallest economies in the world with a gross domestic product of about $ 2.4 billion.

The Brazilian Senate approves ‘Bitcoin law’ to regulate cryptocurrencies

Brazil’s federal senate also made an important decision on crypto this week and passed the country’s first law on cryptocurrencies. The bill will allow the government to create a regulatory framework for the local crypto industry.

The senators discussed offering cryptocurrencies incentives to establish themselves in Brazil, and they also seek to impose harsh fines for any fraudulent or bad behavior in the sector.

To become law, the bill must then be approved by the House of Representatives in the Federal Senate, then signed by President Jair Bolsonaro.

Digest 29 04 1

Winners and losers

wl 24. APRIL 30 01

This weekend, Bitcoin (BTC) is at $ 39,032Eat (ETH) to $ 2,854 and XRP to 0.62 USD. The total crypto market value is $ 1.77 billion, according to at CoinMarketCap.

Among the 100 biggest cryptocurrencies, the week’s three best altcoin winners are ApeCoin (MONKEY) at 60.14%, STEPN (GMT) at 20.28% and Kava (KAVA) at 13.88 per cent.

This week’s three best altcoin losers are Zilliqa (ZIL) at -23.84%, Waves (WAVES) at -23.07% and Axie Infinity (AXS) at -23.02 per cent. For more information on cryptocurrencies, be sure to read Cointelegraph’s market analysis.

Most memorable quotes

“Bitcoin will never be zero because it has an inherent value beyond its technological and monetary benefits.”

Lili ZhaoDirector of Ecosystem Growth for Neo

“There is a pre-pandemic world and a post-pandemic world, and a post-pandemic world has much more government deficits – it has much more growth-related uncertainty.”

Antoine Scaramuccifounder and managing partner of SkyBridge Capital

“I hope even my worst critics stay on Twitter, because that’s what free speech means.”

Elon MuskTesla’s CEO

“We got a big giveaway when China banned cryptocurrency and trade – it was a big mistake for them.”

Greg Tanakamember of the Palo Alto City Council

“Our study shows something we’ve been advocating for a long time: talking about the survival of digital assets is definitely over – the question now is about evolution.”

Julien SawyerBitstamp CEO

“The problem with [Bitcoin] that is, you can not have real free trade unless you have private trade.

Edward Snowdengovernment surveillance whistleblower

This week’s prediction

Bitcoin rarely repeats weekly chart signal that drives BTC prices down 50%

The Bitcoin price has largely traded sideways this week, while still experiencing some volatility. The asset traded both above $ 40,000 and below $ 38,000 at times during the week, based on Cointelegraph BTC Price Index.

Bitcoin may be heading for negative price action, according to the pseudonymous Twitter personality “Nunya Bizniz”. Bizniz pointed to a trend on the Bitcoin chart that has already occurred before the 50% price drop – the downward slope of the asset’s 20-week and 50-week moving averages. This chart pattern has happened twice before, each time one has seen the price of BTC fall by more than 50%.

FUD of the week

Digest 29 04 2

STEPN impersonators steal user key phrases, security experts warn

Blockchain security firm Peckshield revealed several phishing sites for the Web3 lifestyle app STEPN. According to the company, bad actors were able to create and attach questionable MetaMask browser plugins that can be used to steal users’ seed sentences.

Bored Ape Yacht Club NFTs stolen in Instagram phishing attack

The Instagram account for the Bored Ape Yacht Club NFT project was hacked on Monday. According to various unconfirmed reports on social media, about 100 NFTs worth a total of $ 400,000 were stolen in a phishing attack and fake airdrop. Users believed the links used to carry out the attack were legitimate as they coincided with the first anniversary of BAYC’s launch.

The New York State Assembly passes a ban on new BTC mines that do not use green energy

The New York State Assembly passed a bill earlier this week seeking to ban all new proof-of-work (PoW) cryptocurrency mining facilities for two years backed by carbon-generated energy. The bill also states that current miners who rely on carbon-powered rigs will not be able to renew their permits when they expire.

Best crypto features

Digest 29 04 3

Crypto Valley and Crypto Oasis: Ralf Glabischnig

“A few places around the world will attract people who can afford it because it’s safe for their families – and those people bring the business.”

The loss of privacy: why we must fight for a decentralized future

As early users of blockchain, we need to bring decentralization to the masses and fight against the technology giants, who are its natural enemies.

Loans and lending are two important parts of DeFi, but they lack a rationale for efficient operation: decentralized credit rating.

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