Elon Musk’s Latest Bitcoin Comments Signal Massive Shift in BTC Trend, According to Top Analyst Crypto trader and analyst Alex Krüger says that a recent announcement from Tesla CEO Elon Musk could signal a big trend change for Bitcoin. In a new tweet, Krüger takes a look at the assertion by Musk that the electric carmaker could begin accepting BTC as a means of payment once at least 50% of the energy used in mining Bitcoin is “clean”. According to Krüger, Musk’s words could be a signal that the trend in BTC is shifting and an indication that the recent price collapse was only temporary. “In case you’re wondering why so much green in BTC. Massively bullish Elon statement. It states the cause behind much of the drop since May is of ‘transitory’ nature. I’ll be surprised if this is not ‘the’ trend change.” The crypto analyst adds that other signs pointing to Bitcoin’s price possibly gaining bullish momentum include the announcement by Michael Saylor’s MicroStrategy that it will purchase $500 million worth of BTC. Other bullish factors according to Krüger include the overly high level of bearishness in the markets as well as the optimism emanating from the Group of Seven (G7) summit. “Take that together with the upcoming Saylor bid, the positive vibes coming from the G7 over the weekend, and close to max bearishness, and things looking good.” However, Krüger says the expected shift in trend does not necessarily mean that Bitcoin will surge to a new all-time high (ATH). “This of course does not mean we are going back to ATHs, but let those who sold think that. Have them FOMO (fear of missing out) back in.”

Internet Computer (ICP) Community Now Controls 60% of its Voting Power Internet Computer (ICP) is in the hands of the community which controls 60% of the network’s voting powerThe DFINITY Foundation and the Internet Computer Association will never hold more than 50% of the network’s voting powerThe community will gather more voting power as more tokens are distributedICP has dropped out of the top 10 and down 92% since its all-time high of $737The Internet Computer (ICP) network is solely in the hands of the community which now controls 60% of the voting power. This is according to an announcement by the team at the DFINITY foundation who also pointed out that the community has always been in control since the protocol was launched in early May of this year. In addition, there will never be a time when the DFINITY Foundation and the Internet Computer Association will collectively hold more than 50% of the network’s voting power. Furthermore, and as more ICP tokens are distributed and staked by the community, governance will continue to become decentralized as the aforementioned two entities start to take a declining role in the running of the network. Internet Computer (ICP) Token Loses 92% of its Value Since All-time HighAs earlier mentioned, the Internet Computer network was launched in early May of this month with the ICP token rising quickly in the markets to post an all-time high of $737.20 on the 10th of the same month. ICP has since lost 92% of this all-time-high value and is currently trading at $57. With the all-time high, ICP was ranked amongst the top 10 on Coinmarketcap. However, a quick glance at the tracking website reveals that Internet Computer has since dropped to the 19th spot as seen in the screenshot below. More on Internet Computer (ICP)The Internet Computer (ICP) blockchain project is the first to run smart contracts at web speed, serve web, scale and reduce the costs of running such networks by a factor of a million or more. It is based on a blockchain protocol known as Internet Computer Protocol that is constructed from a hierarchy of building blocks as illustrated in the infographic below.

Elrond network integrated into Mopheus Labs’ blockchain development platform Morpheus Labs, a Blockchain-Platform-As-A-Service (BPaaS) provider, has announced the integration of the Elrond blockchain into Morpheus Labs’ Solution Environment for Enterprise Development (SEED). Now, Elrond application developers can decrease their time to market. Morpheus Labs SEEDMorpheus Labs + Elrond“Our protocol and tools have been designed to enable any developer to integrate our blockchain tech into their app stack and supercharge their products with the Elrond high speed and inexpensive decentralized capabilities. The integration with Morpheus Labs can streamline efforts and accelerate time to market in many scenarios; which is important for the proliferation of Elrond tech.”– Beniamin Mincu, Elrond Network CEO Making SEED compatible with Elrond offers developers access to collaborative development environments, deployment of pre-built environments; and all of the additional features of the platform. Furthermore, training providers can now use SEED to teach practical Elrond-based solution-building skills. Also, a portion of the Morpheus Labs (MITX) token supply will be bridged to its mainnet as ESDT tokens. This will enable the Morpheus Labs community to engage with DeFi opportunities on the Maiar Exchange. “The Elrond Network blockchain really stands out in terms of performance and how accessible it is to developers. We’re excited to complement their toolkit with the Morpheus Labs SEED integration; and help drive more development resources and creativity into their ecosystem.”– Bruce Lu, CTO of Morpheus Labs