Bitcoin's Price Predictions Come True Following Major Gains

Bitcoin Hit $100k on Thursday! 

Wait, that’s wrong! Got you! April Fool’s day! 

Bitcoin, however, did hit $47K this week, and several cryptocurrencies began the climb on the green hill. In this week’s edition of the crypto scoop, we will be reviewing some of the juiciest news from the crypto scoop:

• BTC and other altcoins' price gains
• Google’s Non - fungible planet 
• Ukraine’s NFT museum
• Visa's NFT creators initiative
• Metamask’s new feature for Apple users

BTC Soars To $47,000 as several altcoins record price gains

The month of April commenced on a happy note, as the last few days of March ended on a bullish note. ETH which didn’t have any major price fluctuations remained in green above $3,400 as BNB, XRP enjoyed price gains of about 7% in the last days of March. Even SOL which had in last months experienced a bearish run had a price leap of about 14% that had its price soaring to $127. Of course, BTC wasn’t left in this race as it soared above $47,000. 

However, the in the last few days sleeping bitcoin seem to be awake and fully active. On Sunday 81.79 bitcoin that had been idle since 2011 worth about $3.65 million was moved for the first time in over a decade. Btcparser.com reported that 50BTC mined on January 30,2011 were moved to a new wallet. Btcparser.com also reported a series of 11 transactions worth about $540 million of 11325 BTC was moved from unknown wallets. There have been speculations that the 11,325 BTC may be related to the Cryptsy scam. 

While there are speculations on the origin of the recent whale transactions, VanEck investment predicted that if bitcoin ever becomes a global reserve asset it will hit $4.8Million. Interestingly, Citi has also predicted that total market cap of the meta verse will be worth between $8-$13 trillion by 2030. That is definitely something to look forward to. 

Google files for a “Non-fungible Planet”

Googled filed for a non-fungible planet and No, it doesn’t have anything to do with cryptocurrencies or NFTs.  Interesting! Well, Google recently filed a trademark for a Non - Fungible  which is aimed at “providing information in the areas of environmental protection, conservation, energy efficiency, climate change, reducing carbon footprints, environmental issues and sustainability efforts,” 

On the technical side, the project intends to use "entertainment services, especially, delivering non-download playback of curated video playlists via the internet and other communications networks."

The project's use of the word "non-fungible" is most likely a reference to the environmental impact of non-fungible tokens (NFTs) on the proof-of-work Ethereum blockchain, which has been a source of contention among prominent opponents of the technology.

Ukraine Launches ‘NFT Museum

The MetaHistory NFT Museum, a blockchain-based history of the Russian invasion of Ukraine, will be launched by Ukraine's Ministry of Digital Transformation. Non-fungible tokens (NFT) will be displayed as digital art with written reflections at the museum. It's possible that the first drop will occur on Tuesday.

Immutability is a vital advantage of keeping data on the blockchain, according to Danil Melnyk, MetaHistory's project spokesman. He claims that minting the artwork as NFTs will help preserve it while also earning funds for the Ukrainian cause. According to Melnyk, the funds will be used to support humanitarian aid efforts in Ukraine.

Artists interested in being exhibited at the museum must submit a portfolio of their work, which will be reviewed by art directors to see if the work is appropriate. After that, the artist will be given a historical event to work with, and the museum will mint the final result as an NFT on the Ethereum blockchain. Each NFT will cost 0.15 ETH to purchase, with all proceeds going to the Ministry of Digital Transformation's wallet.

Ukraine continues to seek assistance and has already received over $100 million in cryptocurrency donations. Crypto enthusiasts really do the most! 

Visa launches NFT creators program

Visa, a multinational finance company has created an NFT creator initiative to help small businesses get into the digital economy. Cuy Sheffield, Visa's head of crypto, told TechCrunch, "We've observed rapid growth in the NFT ecosystem over the last year." "We believe NFTs are a new type of e-commerce."

The Visa Creator Program, a one-year immersion program, will bring together a global pool of creators, including artists, singers, fashion designers, and filmmakers, to learn how to use NFTs to grow their companies. According to Sheffield, there would be no "strict cap" on the number of creators in the initial cohort, and all members will have access to Visa clients and a larger network of mentors.

Sheffield explained “We think that [NFTs] are a fundamental primitive tool that can reshape commerce and create new opportunities But there’s still a ton of questions around how does it evolve? Which blockchains to use? How do you stand out? How do you reach customers? And so we want to learn as much from the creators as we think they can learn from us

MetaMask Allows iPhone Users to Buy Crypto With Apple Pay

MetaMask released a set of updates to its mobile version 4.3.1 on March 29, the most notable of which was the addition of Apple Pay support. Users may now purchase cryptocurrency using their debit or credit cards, removing the requirement to transmit ETH to the app ahead of time.

The hitch is that Apple does not enable crypto payments directly through its platform, so you'll have to go through Wyre, which does and interacts with Apple Pay. Using their Visa or Mastercards and the Wyre API, Apple Pay users can deposit a daily maximum of $400 into their wallet.

Dubai Citizen School Accepts Crypto Payments. 

Citizens School in Dubai, according to to Arabian Business, will accept tuition payments in Bitcoin (BTC) or Ethereum (ETH). Payments made with digital assets are processed through an unnamed processing platform and automatically converted into UAE dirhams (AED).

Citizens School's founder, Dr. Adil Alzarooni, said: "We are excited to see how young generations can help the UAE achieve its digital economy goals. As more people embrace the digital age, today's children will grow up to be tomorrow's entrepreneurs and investors." In the future, Dubai Citizens School plans to incorporate blockchain technology into numerous parts of its academic and administrative activities, according to the school.

The school, set to open in September of this year, is located at the heart of Dubai and appears to be structured as an international school.