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Cryptocurrency10 hours ago (Jan 04, 2022 08:30AM ET)

Melania Trump is Now Boosting Bitcoin After Previously Launching the NFT Platform © Reuters. Melania Trump is Now Boosting Bitcoin After Previously Launching the NFT Platform

Ms Trump mentioned in a tweet that ‘s market value had crossed $1 trillion (£742.3 billion). She tweeted thus,

“It is commonly claimed that the market capitalization of Bitcoin reaches $1 trillion. The Bitcoin Genesis Block was created 13 years ago today. Congratulations on your anniversary, #SatoshiNakamoto #MelaniaNFT.”

Ms Trump’s statement came as Bitcoin’s mining hash rate – a statistic used to quantify the processing power required to process transactions – reached an all-time high over the weekend, just ahead of the cryptocurrency’s 13th anniversary. Satoshi Nakamoto, a pseudonymous developer, released Bitcoin on 3 January 2009. The initial block of the Bitcoin blockchain dubbed the “genesis block” was thought to have been mined by Bitcoin’s unknown inventor, whose identity has remained a mystery and subject to endless conjecture.

Related post: Former First Lady, Melania Trump, Launches NFT platform to inspire and make money

Ms Trump created her own NFT site on 16 December, after the introduction of her first product – a digital watercolour painting of her own eyes – and joined a growing list of celebrities selling their digital art and memorabilia. In the statement ushering the release, she said:

“I am thrilled to launch my new NFT endeavour, which encompasses my love for the arts and will help me continue my dedication to children via my Be Best program.”

It was her first public endeavour over a year after her husband Donald Trump was forced to resign from the White House. According to the press announcement, Ms Trump would issue NFTs “at regular intervals” on her website, with a percentage of the proceeds benefiting foster children.

The NFT serves as an “amulet to encourage” collectors, according to her website. The NFT will cost one SOL (roughly $150 or £111) and will be powered by Parler, a right-wing social media site.

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