A similar theft previously occurred, but a security system prevented criminals from spending the funds of BTC. A detective believes that the criminals have not yet touched the cryptocurrencies of New Zealand businessman Mark Geor.

It becomes increasingly relevant to protect private keys since the Bitcoin (BTC) ecosystem continues growing. Only the most cautious have dealt with the proliferation of crimes such as scams and fraud.

New Zealand businessman Mark Geor is offering USD 500,000 to anyone who can help him recover his stolen safe. The private keys to his digital wallets, with at least USD 4 million worth of cryptocurrencies, are inside.

Local medium outlet Weekend Herald reported that the criminals robbed his house in Westmere, Auckland, New Zealand. When that happened, it was under remodeling.

Geor said that the thieves stole USD 10,000 in cash, Rolex and Tag Hauer watches, jewelry, diamonds, relics, and his private keys.

Mike Campbell, the private detective conducting the investigation, believes the robbery occurred between 8:30 p.m. and midnight from September 9^th to 10^th.

Campbell told the Weekend Herald that the substantial reward was an appeal to the culprits to return the entire contents of the safe.

The detective suggested that, according to the closed-circuit security cameras of some neighbors, possible suspects of the theft were nearby., They were driving a Subaru Legacy truck and a Toyota Ute car between 9 and 9:30 p.m. that day.

He added that the safe was bolted to the concrete floor and weighed about 352 pounds. Therefore, it would take a big, strong person to cut it out of the closet on the staircase.

Prevention Helps an American Entrepreneur Conserve His BTC

Another case where the management of private keys helped preserve stolen BYC occurred in the United States. The criminals robbed businessman Callum McArthur took control of his private keys. However, they could not steal the BTC of the victim as he had a security system.

McArthur, a Bitcoin user, placed a multi-signature setup that prevented the thieves from spending a single satoshi.

The businessman said that it is paramount to diversify the security of the most important investments. Otherwise, investors could lose about 10 to 15 years of hard work without the possibility of getting them back.

The holder employed a 2-of-3 multi-signature service, where he stored most of the keys. He could deactivate the stolen key and change its settings to restore complete control over his funds after the theft.

Jameson Lopp, a co-founder of Bitcoin storage company Casa, said some people discover single points of failure in a BTC self-custody setup the hard way.

For that reason, prevention is essential in this ecosystem where the security of wallet keys is constantly at risk. Lopp remarked that an ounce of prevention is worth more than a pound of cure.

The relevance of the pioneering cryptocurrency is increasingly evident in the global economy. For that reason, those investing in it seek ways to protect the keys to their digital wallets. Some users advise using various methods to prevent criminals from stealing their holdings.

By Alexander Salazar

The popularity of NFTs among citizens is growing in Venezuela and Argentina, while Colombians use Bitcoin as a hedge against devaluation. Spanish citizens use cryptocurrencies to have assets that no state controls and a Mexican billionaire also advises buying BTC.

After a hectic week in El Salvador, the pioneering cryptocurrency continues to be the leading actor in the Central American country. The government decided to buy more Bitcoin (BTC) despite criticism coming from international agencies.

Federal Blockchain Stops Working and Popularity of NTFs Grows in Argentina

The Argentine Federal Blockchain, which gathers companies and institutions from the South American country, has had no activity for more than a month. That situation, which has not changed yet, made citizens question its usefulness.

NFTs are currently gaining strength in Argentina in both the sports world and the entertainment world. In the last week, the national soccer team launched its second token collection. In the case of artists like Nikki Nicole and Babasónicos, they will do the same with the help of the Ripio exchange.

Colombian Peso Loses Value and Bitcoin Emerges as Hedge Against Devaluation

The price of the US dollar increased and approached COP 4,000 for the second time this year. Since citizens use various online payment channels, Bitcoin could emerge as an alternative for Colombians to hedge against devaluation.

Former presidential candidate Gustavo Petro, who recently stated cryptocurrency mining was harmful due to its energy consumption, might not like that.

El Salvador Buys BTC Cheaply, and International Agencies Express Concern

The government of Nayib Bukele recently spoke about its management of resources and the purchase of BTC. Taking advantage of the new drop in the price of the pioneering cryptocurrency, they added another 100 BTC to its coffers.

However, not everyone has welcomed how Bukele has driven the adoption of Bitcoin in the country. The International Monetary Fund (IMF) warned of the risks of Bitcoin, and the Bank of England expressed concern about what happens in El Salvador.

Spanish Citizens Use Bitcoin for Profit and CNWV Worries About Suspicious Activities

Instead of waiting for their governments to take measures as Bukele did, people use cryptocurrencies with no existing law. Regarding Spain, a survey reveals that most respondents seek profit or the possibility of having assets that no state controls.

The National Securities Market Commission (CNMV) expressed concern about advertising dedicated to platforms investigated for suspicious activities.

Mexican Billionaire Advises Buying Bitcoin and Soccer Team Could Pay Players with Cryptocurrencies

Mexican billionaire Ricardo Salinas Pliego recently advised people to buy Bitcoin now, after criticizing the monetary policy of the United States. The North American country has inflated the issuance of banknotes to levels never seen before, which he considers irresponsible.

In addition, renowned Mexican soccer club Tigres UANL joined with an exchange to explore the payments with Bitcoin for tickets and souvenirs. They could even think of the possibility of paying their players with cryptocurrencies instead of fiat money.

The Popularity of NFTs Grows and More Venezuelans Buy With Cryptocurrencies

Data from Finder reveal that at least a third of the Venezuelan population knows of NFTs. The firm indicated that those tokens gained much ground as a source of income in countries undergoing economic difficulties.

The Venezuelan government recently immortalized the Guinness Record obtained by the National System of Orchestras with an NFT.

The use of Bitcoin and other cryptocurrencies as an alternative for payments in Venezuelan shops has grown. Many people have also experienced paying with those assets on the streets of Caracas.

By Alexander Salazar

The roadmap of expansion in the data space available for the Ethereum network had a positive impact on the GRT token. There should still be resistance at USD 1.07, which its price must break to allow buyers to boost the price higher.

The value of The Graph (GRT) cryptocurrency has shown an excellent technical scenario due to a solid and attractive fundamental base. The following analysis of that crypto asset will allow understanding it better and predicting where its price is heading next.

GRT is trading at around USD 0.98 and has accumulated a 4.6% profit in the last 24 hours. Its daily trading volume is above USD 256 million, and its market capitalization is about USD 4.8 billion, according to CoinGecko.

The Interest from Vitalik in GRT Could Drive Its Price Higher

The roadmap of expansion in the data space available for the Ethereum network promotes optimism in the market of The Graph.

Vitalik noted that protocols like The Graph create markets incentivized by customers who pay servers to get historical data.  For that reason, there emerges a healthy environment where individuals and institutions see the appeal of storing data and providing it when requested.

That impacted the GRT token positively and caused a drastic increase in its open interest among leading cryptocurrency exchanges. It went from USD 5 million to more than USD 30 million in a few hours.

The Technical Analysis of the Price of GRT Shows an Excellent Scenario

The weekly GRT/USDT chart reveals that the price remains locked in a large bullish pennant. It is amid a necessary pullback following a strong rally at the beginning of the year.

Although the price fell, it began to reach increasingly high lows, which showed weakness from sellers.  Besides, a new rally could be about to start.

The price of The Graph broke the pennant at the top, but not with much determination.  There should still be resistance at USD 1.07, which it must break to allow buyers to drive the price much higher.

If the support in the price of GRT remains at USD 0.67, the bullish scenario will have a better chance in its favor.

These Are the Key Levels to Watch in the Short Term

The daily candlestick chart indicates that the price of the GRT cryptocurrency recently rose strongly, following the announcement of Vitalik.

However, resistance at USD 1.07 hampered the price and already wrapped up much of those gains.

Despite that, the bullish scenario is intact and new momentum is likely to emerge soon. The most relevant event now is that the price breaks through the abovementioned resistance.

If the support at USD 0.92 remains, the momentum will start soon.  Otherwise, there could be sales at a minimum of USD 0.83.

The possibility is still open for the price to consolidate for some more time. Therefore, the bulls should not worry as long as the support at USD 0.74 remains.

By Alexander Salazar

Draper believes the market must be free of limiting restrictions and excessive regulations. He says that Bitcoin and the entire cryptocurrency ecosystem will make the world borderless.

Venture capital investor Tim Draper recently revealed five rules to invest and predict if something will be successful. In that way, he discovered assets like Bitcoin (BTC) before anyone started to talk about them, and he made a fortune of USD 2 billion.

When almost no one knew the word cryptocurrency, he dared to invest his savings in Bitcoin in 2014. He has also bought shares from Twitch, Hotmail, Skype, Twitter, Tesla, Coinbase, Robinhood, and SpaceX.

Draper provides all those wanting to invest successfully with advice that he has used to become a billionaire. They can apply those rules in both the cryptocurrency ecosystem and other technology industries, his specialty.

An Investor Should Believe in the Project

According to Tim Draper, the most crucial factor when investing in an asset is believing it will work. For that reason, he considers that the person should research and study the information on the project.

For instance, he says that the investor should know about those behind its development and the possible rivalry between managers. He also recommends learning whether it is a scam, makes false promises or regulators limit its growth.

Draper Advises Not Investing All Savings or Too Much Money

Tim Draper agrees with Bitcoin investor Elon Musk in that it is a bad idea to put all one’s eggs in one basket. He advises having a diversified investment portfolio and not putting too much money at once. He highlights that it is best to analyze how each project develops to invest more in the most promising ones.

He Recommends Forgetting About Making Quick Profits

Investor Tim Draper specializes in long-term holding/investments. Therefore, he recommends not thinking about making much money but how a project could change the world. He notes that he did that to invest in Bitcoin, which he predicts will eliminate borders and the US dollar. Spanish economist Gael Sánchez Smith agrees with the investor in that respect.

He Believes that What Is New and Strange Is a Good Sign

Draper has always decided to invest in businesses that propose an innovation beyond any creation so far. Among them is Bitcoin, which Satoshi Nakamoto created in 2008 when it was an unknown decentralized technology. However, around 300 million people worldwide use it to pay for products and services and as a store of value.

Draper Considers that Investors Should Invest Driven by Emotions

Tim Draper believes that doing business should involve a series of emotions, contrary to traditional investment. Beyond the activity itself, the person desires to invest in projects that would build anything he wants, such as Bitcoin. He advises not being afraid of that passion, but he argues that the investor must do carefully and know how to withdraw when it fails.

Bitcoin plays a relevant role in the economy, and many analysts and investors think it will replace fiat money. The rules that Draper shares to do business successfully are an example of what the first cryptocurrency in the market can do.

By Alexander Salazar

MicroStrategy bought 7,000 BTC at an average price of USD 59,000 per unit. The value of the pioneering cryptocurrency recently went from USD 53,000 to USD 57,000.

In the fourth fiscal quarter of 2021, business software company MicroStrategy bought more than 7,000 BTC. It was a turnover of USD 414.4 million in cash to reach more than 120,000 BTC in its coffers.

A prospectus presented before the US Securities and Exchange Commission (SEC) states that MicroStrategy bought 7,002 BTC at an average price of USD 59,187.

The company led by Michael Saylor has become one of the largest institutional investors in the crypto asset. It now owns a total of 121,044 BTC, equivalent to a little more than USD 7 billion.

They say that they acquired all the Bitcoin at a total purchase price of USD 3.57 billion. In other words, they paid an average of about USD 29,534 per token, including fees and expenses.

MicroStrategy Has Purchased Bitcoin Recurrently

The business software company is among those that have bought the most Bitcoin. In September, they acquired an additional 5,050 BTC, thus accumulating 114,042 BTC in its reserves.

Sometime earlier, they confirmed that they had 105,085 BTC after announcing the purchase of more tokens. At that time, they bought 13,005 BTC on the order of USD 489 million.

It was public knowledge that MicroStrategy had acquired 20,857 BTC in the first quarter and 13,759 BTC in the second quarter of 2021. They did that as part of their investment strategies supported by the pioneering cryptocurrency.

The new investment of MicroStrategy occurred when BTC was facing low prices after the global rebound in COVID-19. That situation affected the cryptocurrency market and stock markets negatively.

However, the price of BTC has had a slight increase of 5% for an average of USD 57,000, according to CoinMarketCap.

While Some Applaud the Purchase, Others Criticize It

Several followers of Michael Saylor applauded the new turnover of MicroStrategy in favor of Bitcoin, but others criticized it.

A Twitter user responded to Saylor, congratulating him and stating that MicroStrategy is one of the whales wanting the price of BTC to rise.

He noted that they bought Bitcoin with an average of 59 while the instant price was 57. Jokingly he said that Saylor was a whale trying to raise the price of Bitcoin and a true gentleman.

However, another follower rebuked him, stating that such massive purchases make the system useless. He wrote that even if the company owned 1%, it would look like a flawed system.

Meanwhile, another questioned what would happen if they decided to take advantage of BTC and make the market crash.

However, MicroStrategy is one of the most Bitcoin-friendly companies, and the recent purchase drove the price to increase. It is early to talk about profits, but the commitment of that company to BTC seems serious.

Another company that has also invested in Bitcoin is the electric car company Tesla, whose CEO has influenced its price with his tweets. Even though they have announced they would not accept Bitcoin as a payment method, they keep it in their treasury.

By Alexander Salazar

A new South Park futuristic movie shows Bitcoin as the leading payment medium in 40 years. One of the characters says that they only accept payments with cryptocurrencies to avoid bank manipulation.

A recent South Park movie set in 2061 shows that the United States only accepts payments with cryptocurrencies. Of course, the primary medium to buy and sell things is the pioneering cryptocurrency, Bitcoin (BTC).

Like The Simpsons, South Park is a dark humor animated series for adults famous for predicting future events. For that reason, after the release, many people commented on social networks that world citizens would remember that chapter in 40 years.

People Will Accept Payments with Cryptocurrencies in 40 Years

A scene from the movie shows Stan, one of the protagonists, who enters a hotel and reserves a room for one night. The receptionist who attends to him responds that they only accept payments with Bitcoin and other cryptocurrencies since it is the future.

That character adds that all people agreed that there is manipulation within centralized banking. Expressing no surprise, Stan responds that he knows, implying that using Bitcoin and other cryptocurrencies is a common way to move money without intermediaries.

South Park Portrays the Controversy between Banks and Cryptocurrencies

Since its inception in 1997, South Park has distinguished itself by being at the center of controversy. From a comic satirical approach, it recreates scenes where current social problems in the United States are masked.

Whenever there is a sensitive issue like that of economy, there goes South Park. Therefore, it was just a matter of time before they spoke about cryptocurrencies. Some regulators in the United States believe that banks should integrate those assets into their services to avoid remaining out of the industry.

Several non-bank companies and decentralized finance platforms offer loans with cryptocurrencies, such as Spanish firm BitBase. Jelena McWilliams, president of the Federal Deposit Insurance Corporation (FDIC), recognizes that banking institutions are missing the opportunity of offering that growing service.

Bitcoin Will Be the New Convention for the Value of Things

Recent studies reveal that the outlook that South Park predicts may occur earlier than expected. A report from Blockdata shows that the Bitcoin network may exceed the volume of money handled by Visa and MasterCard in 2026. Spanish economist Gael Sánchez Smith also believes that the market will set the prices of products and services in Bitcoin and not in US dollars.

Sánchez Smith explains that people create conventions to assess things. He explains that, just as people invented degrees to measure temperature and time, Bitcoin is the new convention for the value of things.

The Simpsons Have Also Predicted the Use of Bitcoin

The best predictions made by The Simpsons include the victory of Germany in the 2014 World Cup and the COVID-19 pandemic. Some might jokingly suggest that the Minister of Health should watch the Simpsons and identify threats.

The Simpsons have predicted aspects of the future that affect the cryptocurrency community. In 1997, they foresaw the emergence of crypto-powered virtual currencies, indicating that Bitcoin was the future.

By Alexander Salazar