The fourth week of May has been exciting for the blockchain and cryptocurrency world. Perhaps the biggest news is that AT&T
Here is the rest of the week in review:
Franck Muller launched a new limited edition timepiece named "Encrypto," marketed as the world's first function Bitcoin (BTC) watch. The Swiss luxury watchmaker debuted the product in partnership with Regal Assets, a crypto trading platform. The Bitcoin watch will feature a laser-etched QR code of a public wallet address that accepts deposits and include a sealed USB drive that stores the private key. The watch's cold storage wallet reportedly features offline generated, non-deterministic true random number generators that are near impossible to hack. Franck Muller aims to sell at most 1,000 watches, each for a price of between $10,000 and $60,000, depending on the precious metals and diamonds in the frame. Franck Muller is researching timepiece models featuring other top five coins.
Mike Novogratz came out as a progressive and called for redistribution of wealth. The former Goldman Sachs
Crypto prices dipped slightly and then rose to end the week at around $250 billion. For the majors, Binance Coin (BNB), Litecoin (LTC), and Bitcoin led the gains, while Stellar (XLM), Cardano (ADA), and Ripple (XRP) slipped into the red. In the top 100, the biggest losers were Insight Chain (INB), down 19%, Cosmos (ATOM), down 13%, and Tezos (XTZ), down 13%. The biggest gainers were Theta Fuel (TFUEL), up a whopping 143%, Bitcoin SV (BSV), up 65%, and Matic Network (MATIC), up 39%. Next week traders will watch if crypto can hold the key $250 billion level or fall into a correction.
The author owns a small amount of BTC, LTC, and T.
- 1. https://www.coindesk.com/att-teams-with-bitpay-to-accept-bill-payments-in-crypto
- 2. https://www.coindesk.com/swiss-watchmaker-franck-muller-launches-functional-bitcoin-timepiece
- 3. https://www.cnbc.com/2019/05/24/former-hedge-fund-manager-michael-novogratz-says-america-needs-redistribution-of-wealth.html?&qsearchterm=novogratz