Crypto industry: main news of the past week

[vc_row][vc_column][vc_paragraph text=”Last week was quite eventful especially for crypto market since BTC demonstrated notable changes.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”ВТС remained green on weekends breaking $7800 for a while” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”According to some observers, a sudden rise in price could be caused by the expiration of April CME futures.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The recent consolidation has also probably played a significant role in making the investors’ mood “bullish” especially considering the fact that there are only two weeks left before the upcoming halving.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Whatever the reason is, the reference cryptocurrency has surged over the weekends as usual to reach the maximum of $7810 on Monday morning.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Against this background, Twitter SEO Jack Dorsey told AI Podcast that Bitcoin is like a poetry for him. He was probably hinting at that Twitter may implement a function of BTC tipping.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Bitcoin reserve” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The annual inflation rate in BTC network can reach 50% of the global average.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”At the moment of writing this article it was 3.65% but it will drop to 1.8% after the third halving that must occur on 12 May 2020.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Many traders and analysts believe that it will inevitably lead the crypto asset to sharp rise in price making it even more deficit.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Actually, as Mati Greenspan recently stated, the decline of the inflation level may seem that the wide adoption will not be needed for price support.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Federal Reserve money printing is not supported by paper invoices”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As you might be aware, US Federal Reserve is printing new money with extreme speed in order to help the economy to ease its orientation amidst crisis caused by coronavirus.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Observers all over the world including the crypto community are criticizing this measure as a potentially dangerous.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In addition to their concerns, now it turns out that the majority of freshly printed money is represented by numbers in a computer system.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In other words, the emitted currency is not even backed by printed invoices.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Uncanny resemblance between the markets in 2020 and 1929″ size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Peter Brandt, a trading veteran and famous financial analyst, made a bleak forecast concerning the stock market stating that Dow Jones will likely to start its downward trend in early May.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Moreover, it seems that the current rising wedge looks like what was published by Dow Jones in 1929-30.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Also it’s worth noting that last month Brandt said he considered Bitcoin as an “insurance” rather than as an investment opportunity.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”BOLT is suspected of exchanges for shadow tokens” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”BOLT token exchanges were first detected in June 2019 but KuCoin decided to support the exchanges only last month.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As a result, users noticed an unusual activity on the blockchain.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”For example, one of users has detected that at least one set of 11.5M BOLT tokens was transformed without corresponding marks. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”KuCoin has taken the reports seriously and said that it studies the issue. Any traces of serious offenses may permanently remove BOLT from crypto space.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Don’t call me ETH founder: Charles Hoskinson for the media”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Ethereum (ETH) can become the second largest crypto in the world (according to market capitalization) and the key blockchain platform in the ecosystem. But one of its co-founders wants nothing to do with the project.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The Cardano founder Charles Hoskinson seems to be fully devoted to his main project since last week he appealed to social media to persuade his followers not to call him Ethereum co-founder. He claimed he didn’t want to be associated with ETH team any more.”][/vc_column][/vc_row]

Crypto fraud and how to avoid it - image
For newbies

Crypto fraud and how to avoid it

Like any money-making activity, the crypto sphere is susceptible to fraud. There are many schemes and you should be very ...