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Bitcoin Torch Taps Elon Musk, Crypto Hits Mass Transit in Argentina, and Bakkt Battles an Impostor

February 07, 2019

Elon Musk Tapped for Bitcoin Torch

Bitcoiners are asking Elon Musk to take the Bitcoin Lightning Network torch.

The torch represents a small amount of Bitcoin, worth approximately $100, that is being passed from one person to the next via the Lightning Network (LN), a layer-two solution designed to speed up BTC transactions. Along the way, people are adding small amounts of BTC to show just how quick and easy it is to send Bitcoin around the world.

I propose that every torch bearer from now makes a tweet to @elonmusk to get him to pick it up! It seems kinda obvious that he should at some point. #LNTrustChain https://t.co/hXsTa57Btx

— hodlonaut 80 IQ 13%er ??? ? (@hodlonaut) February 7, 2019

Twitter CEO Jack Dorsey recently became the torchbearer after reaffirming his affection for the leading cryptocurrency.

Cool example of #BitcoinTwitter experimenting on the Lightning Network.

?

??Torch received, now passing along to @starkness! #LNtrustchain https://t.co/YVMAv62fCN

— jack (@jack) February 5, 2019

Bitcoin Support for Mass Transit in Argentina

Travelers in 37 locations throughout Argentina can now pay for public transit in Bitcoin.

According to the Latin American crypto outlet Crypto247, riders can now use the payment provider Bitex to load credits to their SUBE travel cards. The minimum Bitcoin charge is 50 pesos.

CMO of Bitex, Manuel Beaudroit says,

“We believe that this type of project is of great importance since it brings technology as disruptive as bitcoin to the common people, demonstrating the true value and the applications it has in everyday life.”

Impostor Spoofs Crypto Trading Platform Bakkt

An impostor is pretending to be the upcoming crypto trading platform Bakkt in order to steal money from unsuspecting supporters.

A fake website has surfaced that falsely claims Bakkt is looking to raise $50 million from the public. CoinDesk says it received a sketchy email pimping the fake site.

“On Wednesday night, the CoinDesk news team received an email (subject line: “Bakkt News!”) claiming that the platform was set to launch on March 12. The email, sent from a gmail address and written in broken English, further stated that Bakkt would be seeking to raise $50 million in a second financing round and directed readers to a website, bakktplatform.io.”

The real Bakkt recently raised $182 million and plans to announce more information on a launch date in the first quarter of this year.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.