March 7, 2021

Cryptheory

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Crypto News of the Day (9.4.) | Rich Dad Poor Dad: Bitcoin is out of the system • Forbes billionaire list includes 4 cryptomillionaires • and more

3 min read
Crypto News of the Day (9.4.) | Rich Dad Poor Dad: Bitcoin is out of the system • Forbes billionaire list includes 4 cryptomillionaires • and more

Here you can find an overview of the most important events that took place during the last day in the cryptoworld.

Markets

Both stock markets and crypto markets grew today after reports that the coronavirus pandemic is likely to begin to peak and the number of deaths from COVID-19 is decreasing. In addition, the US financial markets took positive news that Bernie Sanders gave up the race for US president. Cryptocurrencies have gained about $ 6 billion in combined market capitalization, so market capitalization is now around $ 209 billion. Bitcoin is now at $ 7,300 and is growing slightly. Altcoins follow the leading cryptocurrency and also slightly strengthen.

You can monitor the current cryptocurrency prices – here.

Cryptocurrency

Millionaire businessman and author of the book Rich Dad Poor Dad, Robert Kiyosaki, mentioned Bitcoin (BTC) numerous times in a podcast interview with Morgan Creek Digital co-founder, Anthony Pompliano, referring to the asset as an escape.

Kiyosaki said:

The reason I endorse Bitcoin is because is just for one frickin reason — you’re not part of the system

There are more than 2000 billionaires on Forbes’ ‘The Richest in 2020’ list — but only a handful come from the world of cryptocurrency and none of them are named ‘CZ’.Only four entrepreneurs who made their fortunes in crypto were included among the 2,095 billionaires the magazine named on April 8.

The richest man in crypto is Bitmain co-founder Micree Zhan, who appears at No. 690 on the list with a net worth of $3.2 billion. His co-founder Jihan Wu is not too far behind at No.1307, with $1.8 billion. Rounding out the crypto contingent is the former CEO of Ripple Chris Larsen (No. 886, $2.6 billion) and Coinbase CEO Brian Armstrong (No. 2087, $1 billion). Between them, these four billionaires have a combined net worth of roughly $8.7 billion.

Cryptocurrency exchanges, Banks

The options market was flooded with liquidity for March 2020, revealing traders’ views that Bitcoin’s halving event would have little effect on price action. But after these options expired, open interest swiftly moved to June 2020 options. Now, data show the options market is actively placing bets on the outcome of Bitcoin’s halving event. 

Deribit enjoys over 85% of the Bitcoin options market share in terms of open interest and volume, making it the single largest trading platform for these derivatives. 

Crypto News of the Day (9.4.) | Rich Dad Poor Dad: Bitcoin is out of the system • Forbes billionaire list includes 4 cryptomillionaires • and more

Blockchain, technology

Brave announced the release of the new Android browser via a blog post on its website published on Monday (March 6, 2020). According to the technical specifications detailed by the announcement, the new Brave for Android smartphones comes with enhanced battery and data saving features.

An excerpt from the blog post reads:

This new version is a seamless transition for Brave users as the user interface remains the same, but it does provide performance enhancements such as battery savings (5%), as well as CPU and data savings (3%), compared to the previous version (1.5.9). These savings are additional to the savings that Brave already realized when compared with major browser vendors (30%-50% bandwidth and battery reduction compared to Chrome, Firefox, and Opera)

According to Brave, these novel features tip the scale in favor of its new Android offering when compared against the likes of Vivaldi, DuckDuckGo, and Firefox Preview. The new app is already available for download on Google Play.

Reddit could be about to implement a new blockchain-based points system on its app, if a screen recording posted in the Cryptocurrency subreddit today is to be believed. Redditor MagoCrypto posted the video, which is a walkthrough of a new build of the Reddit app that shows a feature with mention of community points. When delving into the FAQs of the wallet feature there appear to be pages on distribution, wallet, backup and recovery, and on the blockchain.

Reddit is implementing a points system on the blockchain! (Official Reddit app on Android) from r/CryptoCurrency

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