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Crypto

Why did Mark Zuckerberg name his goat Bitcoin?

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Mark Zuckerberg's Goat Bitcoin

In a recent Facebook post, Mark Zuckerberg introduced his pet goat named ‘Bitcoin’

Facebook CEO Mark Zuckerberg left many crypto-enthusiasts scratching their heads as he introduced his pet goat, ‘Bitcoin.’

https://twitter.com/DocumentingBTC/status/1391887632322473984?s=20

Is Zuckerberg trying to take a leaf from Musk’s book?

But Zuckerberg isn’t the only billionaire with his hand in crypto.

Many crypto fans have pointed out the similarities between the post and the way Musk’s Dogecoin. Dogecoin stocks recently fell after Billionaire Tesla CEO Elon Musk appeared on SNL

During his appearance, the Space-X CEO said the cryptocurrency would “take over the world,” calling himself the “Dogefather.”

One Reddit user wrote, “he’s trying to move markets like Elon.” On Twitter, user @DivacTheGreat also echoed this sentiment. He said, “is this an Elon-style Bitcoin nod, or is Zuck just a weird dude with bad pet naming skills?”

Goats save bitcoin drop

Bitcoin rose from US$55,500 to US$56,200 in the minutes after Zuckerberg’s 8.35am AEST post.

This comes after rumours that Facebook would follow the lead of SpaceX. The company recently announced they would be accepting Dogecoin as payment.

This latest post has renewed hope that Zuckerberg has bitcoin on his radar – perhaps indicating that Facebook plans to accept Bitcoin as payment in the future.

Crypto craze

But Bitcoin isn’t the only cryptocurrency getting all the hype lately, with some new players entering the field.

The “Shiba Inu coin” also known as SHIB coin or $SHIB has also been rising in popularity.

Much like Dogecoin, it started out as a meme. But now, crypto investors are seeing some potential.

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Crypto

Celsius Network propped up token with investor money

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It’s been revealed crypto lender Celsius used investor money and customer deposits to prop up its own token and inflate its balance sheet

 
Celsius gathered crypto deposits from retail customers and invested them in the wholesale crypto market.

It raised some of the initial capital to fund its business by creating and then selling its own crypto token.

Celsius filed for bankruptcy in July last year, after freezing customer withdrawals from its platform.

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Business

Binance & Mastercard to launch prepaid crypto card in Brazil

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Binance has launched a prepaid crypto card in Brazil in partnership with Mastercard

 
The card will be available to all Binance users in Brazil with a valid national ID, and allow them to make payments and pay bills with 13 cryptocurrencies.

The product is now in a soft-launch phase and “will be widely available in the coming weeks”.

Brazilian consumers are popular crypto users, as nearly half have made made at least one crypto transaction in the past year.

This isn’t the only South American nation to have the partnership between the two financial giants, as Argentina also has a similar offering.

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Crypto

South Korea to introduce virtual asset tracking system for crypto

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The South Korean Ministry of Justice has announced it is introducing a ‘virtual asset tracking system’

The aim will be to strengthen the tracking of money laundering and recovery of criminal proceeds using cryptocurrency.

Three-quarters of illegal foreign exchange transactions in South Korea are crypto-related.

The ministry will use the tracking system to check and monitor transaction records, extract details on the relationship between transactions, and confirm fund sources before and after transfers.

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