Affected by the anxiety brought by the omicron coronavirus variant and the crusade against cryptocurrencies and crackdown by multiple countries and organizations, Bitcoin suffered a slump in early December, after which the bulls have been struggling but have not got the excellent achievement. Bitcoin has basically been a horizontal price movement but hard to decisively recover to $50K level after slumping from $57,000 to recent lowest price $43,000. However, three pieces of good news revealed that the steep correction may not be a possible roadblock in its bull run.
Meta Provides Users Encrypted Payments in the US via WhatsApp
‘Limited number’ of people in the US will be able to send and receive cryptocurrency from within their WhatsApp chat. The new feature is powered by Novi, Meta (Formerly Facebook)’ s new digital wallet that launched six weeks ago. Payments will be made using USDP, a stablecoin pegged to the US dollar issued by financial services company Paxos. The token is also regulated by the New York State Department of financial services. Whatsapp’ s Will Cathcart and Novi’ s Stephane Kasriel took to Twitter to make the announcement on December 9th. “Starting today, a limited number of people in the US will be able to send and receive cryptocurrency using Novi on WhatsApp, making sending cryptocurrency to family and friends as easy as sending a message,” said Kasriel.
Bitcoin Hash Rate Increase 150% after 6 Months of Exodus of Chinese Miners
China, the world’s most dominant country in terms of BTC mining responsible for…