Presidential Campaigns and Tiktok: Bad Crypto News of the Week

Published on by Cointele | Published on

It's been another good, stable week for Bitcoin.

They see Bitcoin in the same place that Apple was in pre-iPhone days.

The Ideas Are Like Flames collective is distributing stickers extolling Bitcoin and urging people to adopt "Freedom money." Participants can even receive 675 Satoshis for every sticker they stick.

The new demand quickly pushed up the price of the coin by 20 percent and it's now more than double the price it was at the start of the week.

Kanye West, a friend to Bitcoin, is no longer a friend to Donald Trump.

Brock Pierce, Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, has said that he'll be running for the White House too.

At the same time, the United States Commodity Futures Trading Commission, which regulates the derivatives markets, has prioritized regulations for trading crypto assets.

The organization has set goals through to 2024.And Venezuela has confiscated 314 Bitcoin mining machines.

In better news, a new app promises to allow users to send and receive Bitcoin and Lightning Network payments using their bank accounts.

Joel Comm is an internet pioneer, New York Times best-selling author, futurist speaker and co-host of The Bad Crypto Podcast.