Blockchain analytics firm, Chainalysis,reportedsome downbeat price predictions based on its tracking of funds acquired by the massive PlusToken ponzi. PlusToken raked in over $2 billion from mostly Chinese citizens before the scam was busted and several leaders arrested. Those that remain at large have just under half their ill-gotten gains yet to sell. However, the upcoming halving may offset further downside.
Roger Ver’s exchange received criticism from the crypto community, including many Bitcoin Cash adherents, forimplementingtrading of the new HEX token. HEX is often described as a scam for its design, which favors and enriches its creator, Richard Heart. HEX is also backed by former BitConnect shill, Trevon James. The exchange’s CEO said on Twitter he was listing HEX “out of spite” for Bitcoiners.
Coinfloor, the oldest exchange in the UK,announcedthat it will end support for Ethereum and Bitcoin Cash in January 2020. Coinfloor’s founder said the technical burden of supporting Ethereum’s changing architecture is not worth its trading volume. The exchange will focus on Bitcoin only.
A 19-year-old simjacker from Brooklyn, New York wasarrestedfor hacking over 75 people in 2019. He used SIM swaps to takeover their accounts and steal their crypto. If your email, exchange or other logins depend on access to your phone, consider adding an extra layer of security to guard against this growing threat.
Before we conclude, here’s this week’s “Bitcoin quick question”: is Bitcoin vulnerable to quantum computing? The short answer is yes – most systems relying on cryptography in general are, including traditional banking systems. However, quantum computers don’t yet exist and probably won’t for a while. In the event that quantum computing could be an imminent threat to Bitcoin, the protocol could be upgraded to use post-quantum algorithms. If you want to read more about this topic just visit thelinkin the description.
Have a question you want us to answer? Just leave it in the comment section below.
That’s what’s happened this week in Bitcoin. See you next week.
If you’re a novice to online trading currency or need to find out new foreign currency trading strategies,
you might want to consider purchasing a forex program or subscribing to a transmission service.
It utilizes essentially the most advanced applications to generate
a trader have good returns from his investment.
It can be a fast paced, highly volatile and extremely lucrative sell to become involved with.
In the world we are in, it’s extended to a global market whereby through
online platforms, trading can take place. Competition also exists in other areas, by way of example in software provision, data and educational features.
One from the greatest advantages of the Meta – Trader 4 is brokers often ensure
it is downloaded for free.