Weekly news: 10. — 16. January

The SDSU starts to accept crypto, a little bit about BTC hash rate, Coinbase taking four weeks long vacation and net worth of CZ.

The SDSU and BTC payments

The SDSU, or the San Diego State University, announced on their twitter account that they are going to accept payments in form of cryptocurrency. They also said that it is because back in October 2021 the university got its first donation in cryptocurrency. The SDSU will accept donations in Bitcoin (BTC) and Ether (ETH).

The chief financial officer David Fuhriman informed that the 1% of the total crypto holdings of the university will be withdrawn on the quarterly basis and used for funding of campus activities which will dig deeper into usage of crypto. Rest of the holdings will be kept in BTC and will be liquidated in the future when the price goes way up.

BTC Hash rate at ATH

Since the weekly news started, we have been informing you about BTC hash rate quite often. But there is never too much news if we are talking about rising numbers connected with BTC. The hash rate got to the ATH after Jack Dorsey, founder of Block and ex-CEO of Twitter, confirmed that Block started to create an open mining Bitcoin system.

As of Thursday when Bitcoin was crossing the $42,000 mark the hash rate hit 215 million terahashes per second.

Coinbase and its four weeks long break

Coinbase, major crypto exchange from the United States, informed the public that it will be giving its employees 4 weeks of coordinated recharge time. The chief people officer of Coinbase said that “Nearly whole company will shut down”. L. J. Brock (the CPO) said that after the last year, when intensity of work was immense, the employees will get these weeks off to ensure their pace in a long term. But don be mistaken it won’t be four weeks in a row. Most likely it will be four separate weeks, each one in one quarter of the year 2022.

CZ is the richest crypto billionaire

The CEO of Binance, Changpeng Zhao, also known on social media as CZ, was named the richest crypto billionaire. His estimated net worth is $96 billion. He is ranked 11th if we are talking about chart of the world’s richest people. It is also thanks to Binance, which is still ranked as the biggest crypto exchange in terms of trading volume. Also, CZ overthrows Asia’s richest billionaire, Mukesh Ambani.

Thank you for reading.