Keanu Reeves amazed by idea of cryptocurrency

 Hollywood star Keanu Reeves has come out supporting cryptocurrency, non-fungible tokens (NFTs), and the metaverse.

In a recent interview with Wired, Reeves suggested the idea behind crypto was tremendous and that it would come out of its current struggles to become better and stronger.

“I think the principles and ideas behind an independent currency are amazing. These are amazing tools for exchanges and the distribution of resources. To pooh-pooh crypto or the volatility of cryptocurrency, it’s only going to make it better in terms of how it’s safeguarded.”

Keanu Reeves, actor.

How changing rate of bitcoin from beginning till now

 Bitcoin, the world's first and most well-known cryptocurrency, has seen significant fluctuations in value since its creation in 2009. Here is a brief history of how the value of Bitcoin has changed over time:

2009-2010: Bitcoin was first created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. At the time, it had no value on any exchanges.

2010: The first Bitcoin transaction took place, in which 10,000 BTC were exchanged for two pizzas. The first known value of Bitcoin was established when a user on a Bitcoin forum offered to sell 10,000 BTC for $50.

2011-2012: Bitcoin began to gain popularity, and its value rose from a few cents to over $30 in 2011. However, the value dropped to around $2 in 2012 due to concerns about security and regulation.

Why Bitcoin? Nigeria Faces Violent Protests Amid Cash Scarcity

 The cash shortage in Nigeria has led to violent protests, leaving countless citizens injured and a few dead. 

The cash withdrawal restrictions imposed by the Central Bank of Nigeria (CBN) have made a strong case for Bitcoin as a solid store of value and a censorship-resistant currency.

Nigeria is currently facing a shortage of physical cash after the CBN redesigned its banknotes, causing the old bills of the local naira currency to become useless. The policy prompted citizens to flood banks and ATMs to swap their old bills for new ones.

Bitcoin to soar by 2025 says Robert Kiyosaki

 Renowned financial expert Robert Kiyosaki predicts a financial crisis, gold at $5,000, silver at $500, and bitcoin at $500,000 by 2025.

Robert Kiyosaki, the renowned financial expert and author of the international bestseller “Rich Dad Poor Dad,” has recently tweeted about a potential financial crisis and the impact it could have on the global economy.

According to Kiyosaki, a giant crash is coming, and the possibility of a depression cannot be ruled out. The Federal Reserve may be forced to print billions in fake money, and by 2025, the value of gold is expected to reach $5,000, silver to reach $500, and bitcoin to reach $500,000.

US lawmakers want crypto miners to share energy and emissions data

 Core crypto critic Elizabeth Warren, alongside seven other democrat lawmakers, compelled the government to disclose the energy consumption data of crypto miners domiciled in the US.

The lawmakers stated that it is “essential” for a “disclosure regime” to be adopted quickly and “on a required basis” in the letter, which was addressed to key figures like Department of Energy Secretary Jennifer Granholm and EPA Administrator Michael Regan.

Warren is leading the team, and they’re hoping that this latest intervention letter will give the basis for the full-scale scrutiny of the crypto mining impacts on the energy emission goals of the US. 

Bank of England Releases Paper on Digital Pound CBDC

 The central bank of Britain is pushing forward with its CBDC (central bank digital currency) plans with the release of a new consultation paper on the digital pound.

On Feb. 7, the Bank of England and the HM Treasury department published a consultation paper on the “digital pound,” a UK central bank digital currency.

It added that the CBDC would be subject to rigorous privacy and data protection standards.

“It would be privacy-enhancing by design and would allow users to make choices about their data,” the bank stated.

The Bank of England said that it was too early to decide on launching the digital pound but judged it likely that one would be needed in the future.

Shiba Inu’s burn rate drops by over 99% as the price plunges

 The second-largest dog-themed cryptocurrency by market cap, shiba inu (SHIB), has grown more than 18% over the last seven days, but its price has been dropping in the past 24 hours. Moreover, SHIB’s burn rate has also plunged significantly. 

At the time of writing, SHIB is down by roughly 4% and is trading at $0.000014. Over the past 30 days, the meme coin has risen by over 65% as the total crypto market cap surpassed the $1 trillion mark, according to CoinMarketCap (CMC) data.