The famous cryptocurrency enthusiast and head of Galaxy Digital, Michael Novogratz, said that Bitcoin is only a means of storing wealth, and the world will change Web 3.0.

The US Federal Trade Commission (FTC) sued a startup that promised crowdfunding participants a smart backpack, but instead spent money to buy BTC and pay for credit cards.

The lawsuit states that Douglas Monahan and his company iBackPack of Texas raised $ 800,000 to "develop several products," including a smart backpack with batteries for charging phones and laptops. However, instead of releasing the iBackpack, as the FTC claims, Monahan was spending money "on personal goals." The commission also claims that Monahan threatened displeased customers on the Internet.

After hacking of the Binance cryptocurrency exchange, which resulted in 7,000 BTC stolen, founder of Tron Justin San announced his intention to make a deposit on Binance in the amount of USD 40 million.

"To support Binance, I will personally deposit 7000 BTC worth USDT (40 million USDT) into Binance to buy BNB, BTC, TRX, & BTT if CZ agrees. No need to FUD! Funds are #SAFU," he wrote on Twitter.

One of the largest cryptocurrency exchanges, Binance, reported a burglary, as a result of which hackers were able to obtain some user data and withdraw 7,000 BTC from the hot wallet of the exchange.

The official report says that the attackers managed to get hold of a significant number of API-keys of users, as well as codes of two-factor authentication. Perhaps they were able to obtain other user data.

The analytical company Delphi Digital has conducted a study, according to which the bottom of the cryptocurrency market has already been passed and a new cycle of Bitcoin exchange rate growth has arrived.

The researchers analyzed the blockchain first cryptocurrency, macroeconomic trends and several options for technical analysis. Judging by the analysis of the bitcoin blockchain, especially by the distribution of unspent transactions by age (UTXO), the bottom of the current cycle has already been passed.

A few days ago, Bitcoin updated the annual maximum, rising above $ 5,800. Some analysts have already stated that Bitcoin is preparing for the campaign to the level of $ 400,000.

Today, "digital gold" on most exchanges is trading at about $ 5,700. Market capitalization exceeded $ 100 billion, and daily trading volume is more than $ 14 billion.

Stablecoin, which is allegedly developing the social network Facebook, will serve as the foundation for the creation of a new payment system.

Project Libra - the internal name of the new blockchain-initiative Facebook - will use a stable cryptoasset, secured by fiat currency. Various sources report that the company is already working on attracting financial companies that will support the project.

According to a study conducted by the Value Walk news website, 46.7% of users prefer to invest in Bitcoin, rather than other cryptocurrencies.

As part of the survey, respondents were asked a few questions. When answering the question "What is your favorite coin?" 46.7% chose Bitcoin, 31.4% - Ethereum, and 21% - Ripple.

Mati Greenspan, a senior analyst at eToro, expressed the opinion that for Bitcoin growth, it is not necessary that the Bitcoin ETF is approved by the US Securities and Exchange Commission (SEC).

"The idea of the SEC approving a Bitcoin ETF is basically saying that the government is going to approve something that the banks made. I don't think Bitcoin cares very much about that," Greenspan said.

Amber Baldet, former CEO of JP Morgan, said that decentralized applications should be easy to use, and users do not need to know about the underlying technology.

According to Amber Baldet, users do not need to know exactly how the application works. For them, the ease of use and the functions provided by the application are important, not the blockchain on which it was created.