The Weekly News Roundup: February 17, 2021

Here are the big stories in crypto this week! The cryptocurrency market cap has now surpassed Google stock. This happened after Elon Musk declared Tesla’s Bitcoin investment. We have seen Elon Musk’s tweets supporting the two cryptocurrencies — Bitcoin and DOGE. One of his recent tweets is calling out the Dogecoin whales to start selling their DOGE to get his full support. Another huge company has declared its support in cryptocurrencies. MasterCard, a leader in global payments, will allow the usage of cryptocurrencies as payments on its network. Also, Jack Dorsey and Jay-Z created a blind BTC development trust worth 500 BTC to support projects in India and Africa. As the community looks forward to another Bitcoin breakthrough, we have finally seen BTC through the skies with the price of $50K.

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Crypto Market Cap Has Surpassed Google Stock

Another landmark in history happened in the crypto community! The crypto market cap reached 1.4T surpassing Alphabet’s GOOG and GOOG. Days after we read and heard the news of TESLA declaring its BTC investment, this important milestone happened in the crypto sphere. Read more

MasterCard Now Supports Cryptocurrencies

The leader of global payments, MasterCard, has declared its support for cryptocurrencies. MasterCard’s billions of users will be allowed to use crypto as payments on its more than 30 million merchants. Though it has not been announced yet which cryptocurrencies will be supported, this is surely exciting for mainstream adoption. Read more

Jack Dorsey and Jay-Z Created Blind Bitcoin Trust

The CEO of Twitter, Jack Dorsey, declared its creation of the blind BTC trust with 500 worth of Bitcoin. He set this up together with rapper, Jay-Z. This initiative is for the teams working on the projects in India & Africa. Read more

BTC Breaks $50K

The leading cryptocurrency in the world, Bitcoin, has crossed another landmark. For the first time in history, it finally broke through $50K. As institutional Bitcoin FOMO increases, it’s exciting to see more huge names and companies jumping aboard. Read more

Elon Musk Wants HODL’ers To Sell Their DOGE

The TESLA’s CEO has been concerned about Dogecoin’s wealth concentration issue. He tweeted “If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue IMO.” We have been seeing Elon’s support on DOGE, but are whales willing to let go of most of their Dogecoins? Read more

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