Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, ado
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week
Binance CEO CZ is the richest crypto billionaire at $96B: Bloomberg
Bloomberg has estimated Binance CEO Changpeng Zhao — also known as “CZ”— to be the 11th-richest person in the world at a net worth of around $96 billion, making him the wealthiest billionaire in crypto.
However, Bloomberg’s tabulation excluded CZ’s personal holdings of crypto assets such as Bitcoin and Binance Coin, suggesting that the $96 billion could become much larger in the future.
To make the list of the top 10 richest people, CZ will need to look under his sofa and find a spare $11 billion to surpass Oracle co-founder Larry Ellison. Topping the list is South African bad boy and Tesla co-founder Elon Musk, who has accumulated $263 billion on the back of the success of his heavily subsidized electric vehicle company.
Disney patents technology for a theme park metaverse
Disney has obtained a patent that will enable the creation of personalized interactive attractions for its theme park visitors.
The technology could reportedly be used to develop licensed, headset-free augmented reality attractions, involving such features as personalized 3D effects displayed on physical spaces across its parks that correspond with visitors’ journeys to different locations.
The patent, dubbed the “Virtual-world Simulator,” was filed in the United States. It appears the move is part of Disney’s broader push to enter the metaverse sector, with CEO Bob Chapek noting in a Q4 conference call last year:
“We’ll be able to connect the physical and digital worlds even more closely, allowing for storytelling without boundaries in our own Disney metaverse.”
Billionaire investor Bill Miller puts 50% of net worth in Bitcoin
Famous investor Bill Miller has now put 50% of his net worth in Bitcoin, as well as major industry firms like Michael Saylor’s MicroStrategy and BTC mining firm Stronghold Digital Mining.
Miller was an early investor in Amazon, which he says still accounts for nearly 100% of the rest of his portfolio. He said he’s been gradually accumulating Bitcoin since the price hit $30,000 in mid-2021.
The investor stated that he no longer considers himself just a “Bitcoin observer” but rather a real Bitcoin bull. Miller initially bought his first Bitcoin back in 2014 when BTC was trading around $200 and then purchased a “little bit more overtime” when it became $500.
Tonga to copy El Salvador bill making Bitcoin legal tender, says former MP
Former Tongan member of parliament Lord Fusitu’a outlined a bill for Bitcoin to become legal tender in the island nation. Fusitu’a stated that the country’s Bitcoin bill is almost “identical” to the one that was enacted in El Salvador.
Fusitu’a, who currently serves as chairman of the Oceania chapter of the Global Organization of Parliamentarians Against Corruption, outlined five points in the roadmap for the bill’s adoption, predicting that it will pass in parliament around September or October, and potentially be legislated by the end of 2022 if all goes to plan.
In 2021, it was widely speculated that Tonga would become one of the next countries to adopt BTC as legal tender, and optimism appears to be high among Tongans in 2022.
Jack Dorsey announces Bitcoin Legal Defense Fund
Former Twitter CEO, Bitcoin maxi and Block founder Jack Dorsey announced plans to create a “Bitcoin Legal Defense Fund” with Chaincode Labs co-founder Alex Morcos and University of Sussex academic Martin White.
The announcement, shared via Dorsey’s mailing list, states that the fund will help provide a legal defense for Bitcoin developers, who are “currently the subject of multi-front litigation.”
“The main purpose of this Fund is to defend developers from lawsuits regarding their activities in the Bitcoin ecosystem, including finding and retaining defense counsel, developing litigation strategy, and paying legal bills,” the announcement stated.
Winners and Losers
At the end of the week, Bitcoin (BTC) is at $43,121, Ether (ETH) at $3,292 and XRP at $0.77. The total market cap is at $2.05 trillion, according to CoinMarketCap.
Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Oasis Network (ROSE) at 47.47%, Secret (SCRT) at 32.23% and NEAR Protocol (NEAR) at 25.73%.
The top three altcoin losers of the week are Loopring (LRC) at -14.23%, yearn.finance (YFI) at -13.52% and Ravencoin (RVN) at -13.01%.
For more info on crypto prices, make sure to read Cointelegraph’s market analysis.
Most Memorable Quotations
“It’s more going to be an exercise in asking questions and seeking input from the public rather than taking a lot of positions on various…
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