Weekend trap? Bitcoin hits $7,300 in attempt to finally break out...
One week in review:
Apr. 13–19 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | #1. Weekend trap? Bitcoin hits $7,300 in attempt to finally break out | | | At the start of the week, we knew a big move for Bitcoin was brewing — but it was unclear whether or not the world's biggest cryptocurrency was heading to $6,000 or $8,000. After a scary slip below $6,666, we got our answer on Thursday: BTC was heading upward. Bitcoin vaulted past $7,000 with ease and headed toward $7,300 as the weekend roared on. But wait a second. Cointelegraph analyst Michaël Van de Poppe has warned the gains may not be sustainable as volume starts to drop significantly in the markets. | | #2. Libra just made a bunch of changes to play more nicely with regulators | | | Sweeping changes have been made to Libra's white paper with a view to making the product more palatable for governments and central banks. Now, single-currency stablecoins pegged to the U.S. dollar, pound and euro are going to be created alongside a Libra coin backed by a basket of assets. Although it may seem like this massive U-turn is great news for Bitcoin, economists such as John Vaz believe Libra could still be a threat to crypto. Whereas BTC continues to grapple with scalability concerns, Libra has been purpose-built as a payments network that can accommodate a surge in demand. | | #3. Andreessen Horowitz looks to double down on crypto with new $450 million fund | | | Venture capital firm Andreessen Horowitz may have plans for another crypto asset fund. A report in the Financial Times revealed it is looking to garner $450 million in crypto. It's not clear at this stage how big the new crypto fund will be. Also going by the name a16z, Andreessen Horowitz has previously invested in Coinbase, and it's also a financial backer of the Libra project. The company, which was established by Marc Andreessen and Ben Horowitz over 10 years ago, already has a $350-million crypto fund in operation. | | #4. Prediction of the Week "Mathematics works!" — CZ predicts QE will drive Bitcoin prices up | | | Speaking at the virtual BlockDown 2020 conference, Binance CEO Changpeng Zhao said he believes there are big things ahead for crypto. Although he admitted he was shocked by the impact that the aggressive pullback on global markets had on crypto, CZ insisted that trading activity has risen substantially and exchanges are "actually doing quite well." He also believes that aggressive quantitative easing measures enforced in response to the coronavirus pandemic — where central banks effectively start printing new money — could spark a bull trend in the coming months. | | #5. FUD of the Week Don't trust ransomware groups amid pandemic, expert warns | | | Ransomware groups may have made promises to halt their activity against medical organizations during the coronavirus pandemic, but one cybersecurity expert says these assurances should be taken with a massive pinch of salt. Emsisoft threat analyst Brett Callow told Cointelegraph that these promises are irrelevant, adding: "They've put lives at risk by attacking hospitals in the past, and it would be a mistake to assume that they would hesitate in doing so now." He also compared taking these assurances at face value to leaving a front door unlocked because burglars had "pinky-promised" not to rob you. | | #6. FUD of the Week Criminals are selling COVID-19 infected blood on the darknet | | | Chainalysis also revealed this week that criminals claim to be selling coronavirus-infected blood on the darknet. These illicit marketplaces have not been immune to the adverse effects of the pandemic, with a 33% decline in the volume of cryptocurrency sent to scam addresses. In a new low for the darknet, one vendor claimed to be offering COVID-19-infected blood that was extracted from his hospitalized father that had been injected into bats. It's not clear whether this listing is real or an attempt to scam users. | | Feel free to explore the most important news with Hodler's Digest by Thomas Simms:
| | | |
0 Comments
Postingan
