Crypto Thieves Now on Streets of London Forcing Victims to Open Their Phones
The streets of London became unsafe this week for crypto holders as thieves referred to as crypto muggers now attack anyone suspected of holding crypto and stealing their funds/crypto after also forcing them to open their phones. The British police have already started training special units to counter the perpetrators or those involved.
Despite the dip, El Salvador (Nayib Bukele) took to the limelight by buying 500 BTC
Aside from the crypto dip phase, El Salvador was also in a state of emergency because that’s how you can classify it because of their dependence on crypto, especially Bitcoin. However, that didn’t bother El Salvador as Nayib Bukele announced on Twitter that the nation has bought 500 BTC at an average price of $30k per coin at the time it was in that range. So far according to reports, El Salvador has a total of 2,301 BTC acquired so far.
The downfall of Terra
This is one of the highlights of the week that broke so many investors' heart as LUNA which was a $100+ crashed to nothing on the crypto market making investors loses millions of dollars. This has never happened in the history of a stablecoin, making LUNA the first coin to experience this in history and it’s very painful.
Is Elon Musk having doubts on Twitter?
Since Elon Musk bought Twitter, so many crypto enthusiasts have been looking forward to what his plan is and what will become of Twitter but it seems his plan won’t be seen the soonest as he has temporarily put the acquisition or deal on hold because he’s more concerned about the spam accounts because it needs to be solved first to be able to distinguish between them and users.
Tether Briefly Loses Its Peg But Quickly Recovers
Tether also saw a brief dip in the crypto market too during the week, it was as if stablecoins were all experiencing mood swings, Tether is not an algorithm stablecoin so when it went down it didn’t really move the market or investors because it has however been criticized too. When it went down from the $1 peg to $0.95, it didn’t take a lot of time before it quickly bounced back.