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This week’s bad news about crypto

August 16, 2020

Last week, Bitcoin price news was all about the start of the rally. This week is all about leveling. Bitcoin price ends the week at $ 11,400, down 2.7% over the past seven days. This autumn includes a correction of USD 700 One day the question arises whether the moment is over or whether the price of Bitcoin will continue to rise towards USD 15,000.

Your first mission will be Breaking strength at $ 12,000. Bitcoin’s price didn’t make it twice in ten days, but instead consolidated after each attempt, which some experts believe is evidence of a sustained bullish rally.

MicroStrategyThe listed business intelligence company certainly expects this. The enterprise spent $ 250 million to buy 21,454 bitcoins to use as your main reserve. Taylor Monahan, co-founder of MyCryptoWallet and MyEtherWallet, has some advice for MicroStrategy and anyone wondering how to manage their investments during a bull rally. He says that is the ideal Pick a few long-term currencies, risk no more than 5 percent of your net worth, and if you lose everything, don’t try to make up for your losses.

This week’s bad news about cryptoThis week’s bad news about crypto

However, If you want to buy, do it on Sunday evening. According to new research is when the price of bitcoin offers the greatest benefits, supported by low volumes and high volatility.

It’s not just the price of Bitcoin that is doing well. The token sale for the NEAR protocol DApp had to be postponed a day after CoinList, the exchange that hosts the offer, was overwhelmed by traders.. Adam Back believes these buyers should go away. Bitcoin is enough, he says, and Satoshi should stay hidden.

A person who remains hidden, however, is Andrew Yang. Former presidential candidate and blockchain lawyer not included in the DNC speaker list. That could be a big oversight. Grayscale, a cryptocurrency investment company, sends an advertisement including CNBC, MSNBC, FOX and FOX Business. Ads can invest in cryptocurrency, which Merrill Lynch did in the 1948 New York Times to popularize investing in stocks.

One aspect of blockchain that new investors need to be aware of is China’s dominance. China owns most of the world’s bitcoin mining capacity, which could allow Chinese miners to take control with a 51% attack. Jameson Lopp, Casa’s co-founder and CTO, isn’t concerned. The attackers could not steal bitcoins, and any attack would also reduce the value of their own properties.

But the threats don’t just come from China. India is the world capital of call center scamsand these scammers are now targeting cryptocurrency investors as well. However, this is not to be expected Google protect us. The enterprise struggles to remove fraudulent ads from scammers. The ads lead to a cloned Uniswap page which then requests secret credentials. At least one victim lost $ 30,000 to the fraud.

Tor doesn’t do much better. A security hole in the browser Secret made by the government could have allowed attackers to steal bitcoins from users. On the other hand the police did The British sheep farmer was arrested for allegedly trying to extort money from a supermarket chain. Nigel Wright reportedly told Tesco that he contaminated the baby food. It would only reveal the location of the food in exchange for $ 1.8 million in bitcoins. The farmer is said to have been part of a group that believed Tesco paid them poorly for the products.

In better news, a new report explains how The recycling industry could benefit from blockchain, and it seems that companies want public blockchains as technology matures.

And finally, John McAfee’s statement that he was arrested in Norway for wearing a thong as a mask was exaggerated. The software mogul and blockchain enthusiast later admitted he was not in Norway and claimed he was in Belarus.

Not only the Bitcoin market is known for the behavior of its supporters.

Check out the audio version here:

Joel comm is an internet pioneer, New York Times bestselling author, futuristic speaker, and co-host of the Bad Crypto Podcast. This is a fancy way of saying that you write words, say things, and enjoy playing with crypto.

The views, thoughts, and opinions expressed herein are solely those of the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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