It is Sunday morning and so we can once again take a look at the past week. Were you too busy to follow the news or do you just want an overview of the most important news? In this article we look back!
Trade Bitcoin (BTC) for a Tesla, but is the bear lurking?
This week we saw a good development regarding adoption for bitcoin (BTC). Tesla now officially accepts bitcoin as a payment method. It has been known for several months that this possibility was coming. But now Americans can finally get their hands on a Tesla with BTC! Elon Musk, CEO of Twitter, also announced that this opportunity will soon also be available to people outside the United States.
Bitcoin has made great strides in both adoption and the rising price. Still, a major Chinese miner expects a bear market to potentially break out in September at the earliest. The miner bases this on various studies. Whether this will actually happen remains a matter of course!
Theta (THETA) storms into the top 10, mainnet launch postponed
It was also a good week for Theta (THETA), the blockchain video streaming platform. The altcoin rose by as much as 1,000% in the past 12 months, storming into the top 10. This seemed to come out of nowhere. One of the founders thinks “a tipping point has been reached where people are starting to hear about it.”
The day after was a little less positive. The team announced that the launch of Mainnet 3.0 has been postponed to June. The team is delaying the launch to “ensure a successful launch of Mainnet 3.0.” The THETA holders liked this a little less. The price fell by 30% after the announcement.
Cardano (ADA) smart contracts are coming
And finally, Input Output HK (IOHK), the developer of Cardano (ADA), announced that the Alonzo hard fork can take place this summer. However, the testnet may go live as early as next month. Exciting times for ADA owners!