Green light: legalization in Ukraine and new products to buy with crypto

Green light: legalization in Ukraine and new products to buy with crypto

Coinbase is allowed to run ads on Facebook, now you can buy Samsung products in Baltic countries with crypto, new Ponzi games, and latest predictions — in this weekly digest

  • Coinbase has been whitelisted by Facebook. Now it can post ads again, attracting new users to crypto.
  • Avast, a cybersecurity company, was conducted a survey to find out how much Brazilians are interested in cryptocurrencies. The results show that about 30% of Brazilians have some interest or have plans to buy crypto. This survey was organized in April and it included 1,900 participants, 84.36% of them said they know what cryptocurrencies are.
  • Samsung now accepts crypto in some of its stores in Baltic countries. Customers will be able to pay with crypto in several stores in Latvia, Estonia, and Lithuania, using Lithuanian CopPay payment provider. Currently, there are five stores, participating in this program.
  • Marc Lasry, billionaire and Avenue Capital Group co-founder, has 1% of his capital, $16.8 million in Bitcoin. He invested initially a few years ago and bought a lot more last year at 5,000-7,500 per Bitcoin. Lasry thinks that Bitcoin will be worth $40,000 as soon as there will be some clarity about regulations.
  • A new game, similar to Ponzi scheme, has become one of the most popular DAPPs on Ethereum. The game, called Fomo3D, allows buying the key, which adds 30 seconds to a timer. Some of this money spent go to a prize fund, a part of this money is paid to previous key buyers. If the timer stops, the last buyer wins everything. Currently, the timer is frozen at 24 hours, as it can't go above it.
  • Arthur Hayes, Bitmex CEO, predicted that Bitcoin will bottom at $5,000. Despite all price movements, he thinks that BTC needs to test this level to be able to grow further to $50,000 by the end of the year.
  • Ukrainian Financial Stability Council decided to give green light to crypto in the country. Now cryptocurrencies will be legalized as a financial instrument, creating many opportunities for Ukrainian crypto enthusiasts.
  • More and more wealthy Chinese people are using Bitcoin to buy real estate outside of their home country. Real estate agencies and startups see an increase of people from China, willing to spend their bitcoins to buy property in California, London, Hong Kong and Dubai. The requests vary from $50,000 to $4 million.
  • The Lightning Network keeps growing. Now there are more than 10,000 opened channels, that support more than 97 Bitcoins. The number of channels has grown more than 30% the last month.
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