With the announcement that popular food delivery service Uber Eats will now accept meme coins as payment via BitPay, the Shiba Inu and Dogecoin communities are both celebrating a new application for the adoption of their beloved cryptocurrencies. According to a blog post by BitPay, this payment method is only available with BitPay gift cards and BitPay cards because Uber Eats does not yet accept direct cryptocurrency payments.
Additionally, the sports collectibles company Panini America has disclosed the impending release of its cryptocurrency wallet, which will work with BitPay to support cryptocurrencies like Shiba Inu, Bitcoin, and others. According to CoinMarketCap, SHIB is currently trading at $0.000010 while DOGE is trading at $0.067.
Bitcoin, Ethereum, and other cryptocurrencies show signs of an impending price turnaround.
MVRV divergence, Santiment’s most well-liked metric, indicates that Bitcoin, Ethereum, and other altcoins are currently “underbought.” These crypto assets have reportedly reached the historic MVRV level, at which a price turnaround to reduce current losses may be anticipated, according to the on-chain analytics company. It is challenging to forecast when this will occur, though. Several floor formation indicators are currently flashing for Bitcoin, according to Glassnode. But it is important to keep in mind that all models and previous examples might be put to the test when figuring out a bear market floor for BTC. Crypto analyst and economist Alex Kruger believes that Bitcoin may have given in during the recent market downturn. He emphasized that at this point, trading volumes peaked, indicating capitulation, which results in significant bottoms.
Government of Colombia to use XRPL blockchain for land registry, according to Ripple
The first National Land Registry for Colombia has been launched on the XRPL blockchain, according to Peersyst Technology, a Barcelona-based Ripple partner and software development firm. The solution, which is based on the XRP stamp and allows digital assets to be registered on XRPL and their authenticity to be verified with a QR-code, has been implemented for Colombia’s National Land Agency, “AgenciaTierras.” Clio 1.0, an XRP Ledger API server that aims to improve the scalability of access to XRPL data, has been released, according to David Schwartz, the chief technology officer of Ripple. The newly released XRP Ledger API server aims to increase API request throughput, decrease memory and storage overhead, and facilitate horizontal scaling.
Bitcoin will fail even if it reaches $100,000, according to author of “Black Swan”
Nassim Taleb recently threw cold water on Bitcoin, the leading cryptocurrency. The renowned mathematician claimed that the flagship cryptocurrency will still be a failure even if it soars to a high of $100,000 during another bull market. He holds this opinion because, in his view, Bitcoin has not performed as a hedge against inflation and has even exhibited the opposite characteristics. Taleb has also criticized “bitidiots” who continue to assert that Bitcoin is affordable, including El Salvador’s president Nayib Bukele.
Despite the fact that El Salvador had lost more than $50 million as a result of Bukele’s poorly timed Bitcoin purchases, he purchased another 80 Bitcoins last week. Taleb expressed gratitude to those on the other side of the trade for “selling cheap” in response to the nation’s purchase.
