Three reasons why Bitcoin suddenly dipped under $10K — and recovered...
One week in review:
Aug. 31–Sept. 6 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | #1. Three reasons why Bitcoin suddenly dipped under $10K — and recovered | | | It's been a bad end to an already trying week for Bitcoin. At one point, prices fell below $10,000 across major exchanges. Overall, the world's biggest cryptocurrency has seen its value fall by 11.7% in recent days. Most of these losses came on Thursday when a sudden drop of 7% in less than two hours wiped out $99 million worth of longs. | | | This coincided with sell-offs on the U.S. stock market, and it doesn't help that the dollar has been rallying recently either. Sentiment was mixed after the plunge, with eToro analyst Simon Peters warning Bitcoin "may still have a long way to fall." | | #2. Alleged second teen mastermind behind Twitter's "Bitcoin Giveaway" hack | | | Thought the weird case about July's Twitter hack was solved? Think again. The FBI has executed a search warrant against a 16-year-old from Massachusetts in connection with the unprecedented breach, which compromised high-profile accounts belonging to celebrities, millionaires and presidential candidates. | | | Detectives have raided the teenage boy's home amid allegations that he may have played "an equal, if not more significant role" in the hack. It's claimed that he may have posed as a Twitter employee or contractor to fool legitimate ones into entering their login credentials on fake websites where he could capture them. | | #3. Pornhub now accepts Bitcoin and Litecoin | | | One of the world's biggest pornography sites now accepts Bitcoin and Litecoin as a payment method for premium services. Pornhub says it is excited to get greater exposure to crypto, noting that it has 130 million visitors per day. | | | It's safe to say that BTC's pseudonymous inventor, Satoshi Nakamoto, would have approved. Back in 2010, he said: "Bitcoin would be convenient for people who don't have a credit card or don't want to use the cards they have, either don't want the spouse to see it on the bill or don't trust giving their number to 'porn guys,' or afraid of recurring billing." | | #4. Prediction of the Week Bloomberg: Bitcoin could hit $500,000 or drop to zero | | | Bloomberg analyst Mike McGlone has said Bitcoin could either be heading to the dizzying heights of $500,000, or it will fail. In his view, Bitcoin is set to become digital gold — helped by how it has limited supply and increasing demand. McGlone has also drawn repeated comparisons to the bull run of 2017. | | #5. FUD of the Week Revealed: How North Korean hackers launder stolen crypto | | | A new report has revealed how the Lazarus Group, a well-known hacking gang sponsored by the North Korean regime, launders its ill-gotten gains. According to BAE Symptoms and SWIFT, Lazarus typically steals the crypto funds from an exchange and then starts to pass transactions through multiple exchanges, using something called a "layering technique." | | | The study noted that money laundering cases via crypto are still relatively small compared with the huge volumes of cash laundered through wire transfers. | | #6. FUD of the Week Crypto-hating Wikipedia editor David Gerard claims another victim | | | An anti-crypto activist has used his influence as a senior Wikipedia editor to remove a blockchain-related entry about the Australian firm Power Ledger. | | | This isn't the first time that David Gerard has done this. He appeared to boast about his latest victory in a blog posting, in which he claimed the deletion was "on the basis of being a pile of press release churnalism, and the only genuine press coverage was about how Power Ledger was a scam." | | Feel free to explore the most important news with Hodler's Digest:
| | | |
0 Comments
Postingan
