ALPEX Global Weekly Newsletter — April Week 3
The billionaire and Bitcoin advocate, Ricardo Salinas, believes that the growth of Bitcoin is inevitable, but its future is dependent on how quick and cheap transactions can be. North Korean hackers target gamers in a $615 million crypto heist. The latest edition of the newsletter includes all of these stories and more.
Ricardo Salinas, founder, and chairman of Grupo Salinas, shared his thoughts about the legalization of bitcoin in Mexico at the Bitcoin 2022 Conference in Miami, Florida. In fact, Salinas has experienced firsthand the highs and lows of the Bitcoin (BTC) market since its $200 days and has learned a few things along the way.
Salinas began his day as a panelist on the main stage of the Miami Beach Convention Center alongside fellow billionaires Orlando Bravo, Marcelo Claure, and Dan Tapiero. A discussion titled “Bitcoin Billionaire Capital Allocators” revealed that 60% of Salinas’ portfolio consists of Bitcoin investments, while the remaining 40% consists of oil and gas investments.
In conclusion, he noted that Bitcoiners remain a small percentage of the total population and that there is still a long way to go before Bitcoin is widely accepted. Further, he reminded viewers that no matter a person’s age, the most significant quality an investor can possess is curiosity and a willingness to continuously learn.
In other news, the crypto entrepreneur who paid $2.9m for NFT of Jack Dorsey’s first tweet is set to lose almost that amount. An entrepreneur in the cryptocurrency space, Sina Estavi, made headlines in March 2021 by paying $2.9m for the NFT of Twitter CEO Jack Dorsey’s first tweet. However, his efforts to resell it have failed, with a top bid of only $6,800 on Thursday.
At the time, it was at the top of the list of the most expensive purchases of a non-fungible token, or NFT, and came amid a flurry of interest in the niche assets. Estavi listed the tweet for resale on the popular NFT marketplace OpenSea last week, initially asking for $48 million. The price tag was removed after offers in the first week were in the low hundreds of dollars. The highest bid as of Thursday was 2.2 ethers, which is approximately $6,800.
US authorities have linked North Korea-backed hackers to a massive cryptocurrency theft last month from players of the popular online game Axie Infinity worth $615 million (£469 million). By playing the game or trading their avatars, players can earn cryptocurrency.
Among the largest hacks in the history of cryptocurrency, this one is likely to rank among the top. It has been determined that the breach is linked to a group called Lazarus, believed to be controlled by North Korea’s primary intelligence bureau. During our investigations, we determined Lazarus Group and APT38, cyber actors associated with [North Korea], were responsible for the theft, the FBI said in a statement on Thursday. The Lazarus Group was notorious in 2014 for allegedly hacking Sony Pictures and releasing confidential data to the public.
Cryptocurrencies such as Bitcoin, Ethereum, Solana, Cardano, and Binance have been quiet during the holiday week. Global cryptocurrency market capitalization fell by 1.29% over the past day to $1.85 trillion.
The total cryptocurrency market volume over the last 24 hours increased by 21.75 percent to $60.62 billion, according to CoinMarketCap data. A total of $7.l7 billion was transacted on Defi during the 24-hour period, which represents 11.82% of the overall volume of the crypto market. Stable coin volume was $49.53 billion, which represents 81.71% of the total 24-hour volume of a cryptocurrency.
*Disclaimer* Investment in cryptos carries various risks and is not suitable for all investors. Be sure to do your research thoroughly before making any decisions to invest.
A recent report indicates that Germany is one of the most crypto-friendly countries. In the first quarter, the country passed Singapore
According to the company’s first-quarter 2022 report, 46 countries were evaluated based on a range of factors, including newly added categories such as the number of initial coin offerings (ICOs) in each country, the prevalence of fraud cases, and the availability of crypto courses at top educational institutions.
As a result of an upgrade last month, crypto exchange KuCoin reported that 16% of Germans between the ages of 18 and 60 own cryptos or have traded them in the past six months. In the next six months, 41 percent of those investors plan to increase their investments in the space.
The German magazine Capital first reported in December that the country’s savings banks, which hold more than 1 trillion euros, were exploring the possibility of offering a wallet to trade cryptocurrencies. The Coincub report referred to the decision as a “groundbreaking” development that indicates a higher level of institutional acceptance of cryptocurrency.
The German stock market operator Deutsche Boerse has also listed more than 20 crypto exchange-traded products (ETPs) on its digital exchange, Xetra, in recent months. Several fund issuers have recently listed products in the country, including WisdomTree, CoinShares, and 21Shares.
This concludes our weekly newsletter. We thank you for reading. We hope it was informative and helpful for you. We look forward to bringing you more news about crypto and blockchain next week.
TEAM ALPEX Global