Weekly crypto network newsletter
Reporting on the latest network activity
Tesla announced a $1.5B purchase of bitcoin on Monday, less than two weeks after Elon Musk added #bitcoin to his Twitter bio. The large buy adds Tesla to the growing list of public companies buying and holding bitcoin (BTC) in their treasuries.
The stock market was turned upside down last week. Retail investors organized on Reddit and took over, making a killing off of heavily shorted stocks like GME and AMC while major hedge funds lost billions.
As bitcoin (BTC) price reaches new all-time highs, renewed rounds of fear, uncertainty, and doubt (aka FUD) have come with it. On January 20th articles began to circulate claiming there had been a Bitcoin double-spend.
The end of 2020 saw crypto climb to new highs. In this issue of State of the Network we look ahead to 2021 and preview some of crypto’s biggest storylines going into the new year.