Man kidnaps former BitConnect employees to ‘recover’ losses, should AI have crypto wallets?

It might have been a “boring” weekend, but the indicators for Bitcoin are pulling in opposite directions. On the one hand, some analysts believe BTC may test as low as $50,000 as the US Marshalls look set to sell the seized Silk Road Bitcoin. On the other hand, investment adviser holdings in spot Bitcoin ETFs are on the rise and are not slowing down, with some believing the latest dip is a “fake-out.” Meanwhile, a debate is underway over whether the world’s largest sovereign wealth fund is increasingly exposing itself to Bitcoin on purpose or due to an algorithm, a man kidnapped two people in an effort to recover funds lost in the BitConnect Ponzi scheme, and should AI have access to crypto wallets?

Further reading:

• A return to $50K? 5 Things to know in Bitcoin this week
• Adviser holdings in Bitcoin ETFs rise, hedge fund stakes dip — Coinbase
• US Marshals likely selling Silk Road Bitcoin, says lawyer
• World’s largest sovereign wealth fund Bitcoin exposure not ‘intentional’
• Man allegedly tries to ‘recover’ losses from BitConnect, kidnapping two
• Coinbase CEO Brian Armstrong: AI ‘should have crypto wallets’

So, grab yourself a coffee, and let’s get into it!

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