Cardano, Ether, Bitcoin: why did Facebook make this mistake?

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Investing.com – Bitcoin, Ethereum and Solana recovered from previous losses on Friday, February 4, 2022. Bitcoin soared 3.96% to $38,164, while Ether gained 9.08% at 2864 dollars and the rise of 11.57% to 106.67 dollars.

Bitcoin: Facebook should have bet more on BTC

Michael Saylor, bitcoin advocate and founder of MicroStrategy, believes Facebook (NASDAQ:) made a big mistake by selling Diem.

Diem was supposed to be the breakthrough in crypto, but now the company is completely breaking away from that line of business to focus on the Metaverse. Saylor told Yahoo Finance:

“The mistake that was made was not getting into the crypto space. With the project they invested in, they wasted many, many years of their time.

They didn’t get into bitcoin. This is the problem”.

Ether as the only payment method

The NFT craze has been making waves over the past six months. On the music scene, great artists from Eminem to Steve Aoki have announced that they too have purchased one or the other NFT at sometimes outrageous prices.

The avalanche that unleashed originated and so it is no wonder that blockchain itself has become more mainstream.

For hip-hop artist A Boogie Wit Da Hoodie, who is under contract with Warner Music, this was reason enough to inform all of his business partners that he would only be accepting payments in Ether, as has been reported. reported Uproxx.

Solana: A bigger disaster was averted

The recent attack on the Solana blockchain, in which over $300 million was stolen, does not appear to have had any further impact on the SOL-DeFi sector. The missing assets could have started a chain reaction and affected many users.

To prevent this, Wormhole has procured the necessary capital, so that the wETH deposited on the bridge are also backed by ETH again. The source of the money is not yet known.

A final report is currently in preperation.

By Marco Oehrl

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