Dear PointPay Family,
Another week has come to an end. A lot of interesting things happened during these seven days! We have put together the 5 most important and exciting events that you will not want to miss.
Michael Saylor’s Vision for Bitcoin: A Gift to Humanity
Michael Saylor, co-founder of MicroStrategy, expressed his intention to leave his Bitcoin holdings to humanity, much like the anonymous Bitcoin creator Satoshi Nakamoto. In a recent interview, Saylor discussed his motivation to make a lasting impact beyond personal wealth, emphasizing Bitcoin’s role in the future of economics. He likened the cryptocurrency to vital resources like steel and electricity, underscoring its potential as “immortal money” that could outlast traditional currencies. Saylor envisions Bitcoin as the foundation for a sustainable economic future, where assets retain their value over time.
Peter Todd’s Safety at Risk After Bitcoin Documentary Release
Peter Todd, a Canadian cryptographer, has gone into hiding following his depiction as Bitcoin’s creator, Satoshi Nakamoto, in the HBO documentary “Money Electric: The Bitcoin Mystery.” The film, aired on October 9, sparked controversy after Todd’s ambiguous statements were taken out of context, leading to serious safety concerns. Todd firmly denies being Nakamoto and criticized the documentary for misleading the public. He emphasized the dangers of falsely identifying someone as Nakamoto, including potential threats such as kidnapping and robbery, highlighting the ongoing risks surrounding anonymity in the cryptocurrency world.
Chainlink and Swift Bring Blockchain Payments to Financial Institutions
Chainlink’s co-founder, Sergey Nazarov, announced at the Sibos 2024 conference that the integration of Swift’s traditional payment system with blockchain technology has reached a production-ready stage. The collaboration allows financial institutions to use Swift’s existing infrastructure for blockchain transactions, enabling seamless interaction between traditional payment messages and blockchain-based events. This milestone marks a major step forward for digital asset adoption in traditional finance, with institutions now able to test the system in real-world environments, paving the way for future blockchain-based transactions.
Uniswap Launches Cross-Chain Token Swaps Across Nine Networks
Decentralized exchange Uniswap has introduced a cross-chain bridge, allowing users to directly swap native tokens and stablecoins across nine blockchain networks. Built on the permissionless Across Protocol, the new feature simplifies the process of transferring assets between chains, eliminating the need for third-party bridges and reducing transaction times. Initially, the service supports Ethereum, Base, Arbitrum, Polygon, OP Mainnet, Zora, Blast, World Chain, and ZKsync, offering users a more secure and streamlined experience for asset transfers.
Tesla Holds on to Its Bitcoin in Q3 2024
Tesla has maintained its Bitcoin holdings through the third quarter of 2024, according to its financial report. On October 16, the company transferred its entire 11,509 BTC — valued at approximately $760 million — across seven separate wallets. Despite the movements, experts confirm Tesla continues to hold these assets. With Bitcoin priced at $66,855, Tesla’s crypto assets are now worth $770 million. Tesla remains the fourth-largest corporate Bitcoin holder, according to BitcoinTreasuries, retaining a significant share of the cryptocurrency.
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