Luno blog

It was a week of wows, with rumours abound that the world’s biggest retailer could integrate Bitcoin payments and a social media giant announcing the cryptocurrency’s pivotal role in its future. Meanwhile, Jackson, Tennessee, is looking to become the industry’s main hub, and could Tesla be about to pull a U-turn on its bitcoin policy? It was all happening last week; here’s our rundown of the biggest stories.

The Bitcoin mining community has resoundingly voted for the Taproot upgrade to the Bitcoin network and it’s now expected to be implemented around the end of 2021.

It was another quiet week in the crypto markets, but adoption shows no sign of slowing. There was a new crypto bill proposed in Paraguay, Fidelity has started preparing for more institutional adoption, and Apple’s bitcoin rumours swirled. There was a lot of excitement in crypto last week. Here are...

When you send bitcoin, you aren’t really moving it between addresses. The bitcoin is essentially stored in a digital vault where it stays regardless of the owner. When you send bitcoin, what you’re actually doing is changing the locks to fit the recipient(s)’s key rather than your own.

After another week of trading sideways, you’d be forgiven for thinking bitcoin has gotten boring. But that couldn’t be further from the truth. We had big retail adoption, more news from South America, and yet another historical NFT.

While movement in the crypto markets last week was fairly limited, there was still plenty to talk about: the internet was sold to the highest bidder, George Soros hopped on the Bitcoin bandwagon, and India is heading to the moon thanks to a massive spike in crypto investment.

So, Warren Buffet mumbles something about Bitcoin being rat poison and the world says, “Sure, grandpa, you just go about making your billions the old-fashioned way and leave the modern stuff to us.” Fair enough. Buffet’s pretty good at making billions the old-fashioned way. He’s also good at looking and sounding like a sweet, old grandpa.

It’s been a week of ups, downs and total shockers in the crypto world – most notably the sad loss of longtime crypto advocate, John McAfee. On a brighter note, Central America continues to show love for bitcoin, with an exciting announcement from Paraguay, and some free dosh for El Salvadorians.

Creators and their innovations often go hand in hand. Tesla and Elon Musk, Apple and Steve Jobs, Jeff Bezos and Amazon... but what about Bitcoin — where is its creator?

El Salvador recently became the first country to accept Bitcoin as legal tender. In doing so, it effectively became a guinea pig for Satoshi Nakamoto’s original vision – and made them a lot of friends in the Bitcoin community in the process.