At the time of writing, Bitcoin is trading at $27,280 USD and Ethereum at $1,854 USD.
Month: May 2023
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The World’s Most Expensive Pizza
On May 22nd, 2010, a programmer named Laszlo Hanyecz made history by completing the first-ever real-world transaction using Bitcoin. He purchased two Papa John’s pizzas for 10,000 BTC, marking the beginning of the use of cryptocurrency for real-world items. Today, Bitcoin Pizza Day is celebrated by cryptocurrency enthusiasts to commemorate this significant event in the history of Bitcoin. The Birth of Bitcoin Pizza Day Bitcoin was first launched in 2009. However, at the time, it was not widely accepted as a medium of exchange, and its value was negligible. It was mainly used for experimentation and testing by a small
Market Commentary – May 4th, 2023
Crypto At the time of writing, Bitcoin is trading at $28,900 USD and Ethereum at $1,885 USD. Crypto prices started the week on a strong uptrend after yet another US commercial bank – the First Republic Bank – was rumored to be facing an existential crisis. This pushed the price of BTC back to $30,000 again before a sudden and quick selloff. This time around, however, there was at least a notable reason for the selloff. A whale movement tracker notified several of its hedge fund subscribers that the wallets of the US Government which held around 205,514 BTC and