Bitcoin acting CRAZY, Libra coming soon? | This Week in Crypto

Bitcoin has had a crazy week. It started a week off by hitting $ 19,000 for the first time this year, but since Thanksgiving, the currency has thrown away $ 3,000 of its price.

Following the immersion, Coinbase’s popular crypto trading platform suffered short cut that affected his exchange and mobile app. The company seems to see problems whenever there are major price changes. Coinbase also lost power in June following the third half of bitcoin and the subsequent spike to $ 10,000.

New report suggests that Facebook’s cryptocurrency a project, Libra, could become available as early as January 2021. The project was first announced last year, but has encountered several issues that have delayed the release of the asset. Mark Zuckerberg has stated that Libra will be a cryptocurrency to the world, but the initial one-on-one release from the US dollar will only be a single coin.

New research shows that activities related to Satoshi Nakamoto, the creator of Bitcoin may have taken place in London. Diving into some of Nakamoto’s earlier public posts, including Bitcointalk announcements, engagements and emails, the researchers plotted the most likely locations and time zones based on these activities claiming that Nakamoto lives in BTC from the UK and working on it.

Canadian crypto investment company, Cypherpunk have sold all its holdings in Ethereum, Monero and other altcoins to buy more bitcoin. The initiative added 73 more BTC, becoming the ninth largest public holder of the asset in the world.

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That’s what’s happened this week in crypto. See you next week.