In “This was the NEWS” we take a look at the most important news of last week. What has happened in the crypto space over the last 7 days? News items that you may have missed and you really need to read. You will find it here!

  1. Samsung’s Involvement With ASIC Mining

According to reports, Samsung has been creating Bitcoin mining chips since Q1 2018. Samsung is one of the world’s largest companies and getting into the crypto space is absolutely huge. Samsung has already started putting cryptocurrency wallets into their smartphones and this would be a great next step.

Read more about Samsung’s involvement with ASICs here:

  1. Football Club SL Benfica Now Accepts Cryptocurrency Payments

Benfica is one of the best teams in the Primeira Liga and they have started accepting cryptocurrencies as payments. While it appears they will be converting the crypto to fiat through UTrust, this is a good first step. One step at a time cryptocurrencies are being accepted as payment.

Read more about Benfica accepting cryptocurrencies here:

  1. The Rumor Mill

Apple might be creating their own hardware wallet and Facebook might be releasing their Global Coin before the expected June 2020 date. If Apple creates its own wallet, the world could be in for a large inflow of adoption. Regardless if you like Apple or not, whenever they do something, people follow the trend. Crypto could use their help. The sooner Facebook releases their “cryptocurrency” the better. It will get users used to using purely digital currency.

Read more about Facebook’s and Apple’s rumors here:

“This was the NEWS” summary!

The past week the market has been pushing sideways and even though there is calls for Bitcoin to drop to $6,000 or lower, it hasn’t (yet haha, I hope it doesn’t). Bitcoin seems to be having trouble getting over and staying above the $8,000 mark.

Samsung is the top news of the week. Anytime a large company like them gets into the space we should all pay attention. When it comes to institutions, we need to ignore what they say and pay attention to what they are actually doing. Samsung seems to be making the jump into the world of cryptocurrencies, let’s hope other companies see this and follow.


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