The bitcoin space is a constant battle of truth versus untruth, rumor versus fact and optimism versus pessimism. With market manipulators up to their usual tricks and salty altcoiners crying FUD, it can be hard to tell what’s real and what’s fake. This week truly had it all: keks, lies, and videotape beamed live from the U.S. Senate. Throw in the obligatory multi-million dollar hack, and you’ve got all the makings of another seismic week in bitcoin.
*The Rumor Mill Goes Into Overdrive*
The bitcoin space is a constant battle of truth versus untruth, rumor versus fact and optimism versus pessimism. With market manipulators up to their usual tricks and salty altcoiners crying FUD, it can be hard to tell what’s real and what’s fake. This week truly had it all: keks, lies, and videotape beamed live from the U.S. Senate. Throw in the obligatory multi-million dollar hack, and you’ve got all the makings of another seismic week in bitcoin.
*The Rumor Mill Goes Into Overdrive*
The week started with rumors that China was banning bitcoin – yes, again. Not only that but they would be cracking down on mining too and laying the banhammer in Hong Kong into the bargain. It turns out the story was actual fake news, but that didn’t stop a couple of lesser publications from running with it. It was an elaborate hoax that showed much more sophistication than the average Nigerian phishing email, and was clearly an attempt at shorting the markets for monetary gain. As we reported
Hong Kong president Leonhard Weses said, "The purpose of senders of fake email was to raise rumors and terror in anticipation of getting the price of bitcoin after the short position on Bitcoin futures and speculation that the cost of bitcoin will fall. Bitcoin Association
It is one thing to break fake news, but what is happening now about the news? When you predict the future movements of Bitcoin, who do you believe? Two different sources considered that in which direction Bitcouine was headed this year, a pessimistic, and optimistic on other large scale. Although a central banker was misguiding the general apocalyptic announcements with a ponzi and a disaster, a group of shine was predicting more positive value movements for the year ahead.
*Bitcoin Gets The Hero It Deserves*
On Tuesday, the Senate hearing was seen on Cryptocychuds, which was said to be more positive for bitcoin, however SEC Chairman J. Clayton also said that a token has been issued to every ICO that is setting up a security till date, Not a utility. The hearing for the first time the use of the word "HODL" in the US Senate was also remarkable, an immediate hero of CFTC chairman Chris Giancarlo, whose Twitter followers "did a bitcoin" and resulted in rapid hearing
Other major stories that are talking this week include the Forbes Crypto Rich List, which is a gross invasion of prohibited jokes or privacy based on your point of view. The twenty rating defended its decision to give Bitcoin C ++ and received good news from Korea, where the Prime Minister confirmed that the crypto exchanges are not in danger of closing, they play according to the rules. As always, you will catch this week's best stories this week in the Bitcoin Podcast, embedded below
*Bitcoin Springs a Bear Trap*
It was seen that Bitatouin was back on track because a great green candle was sent at $ 9k, but the joy was less likely to be to feel the impact of the global slowdown driven by the sliding stock market, back to Bitcoin It was pulled down in an area of less than $ 8k, from which it is frustrating every time Eric Wall Crypto Bazaar and the U.S. Sees a clear correlation between the stock market. Given the ticker growth and decline of bitcoin, the heart can be stuck; You can not blame Steve Wozniak for selling and selling your BTC bulk
Finally, Ripple came in for scrutiny after Bitmex Research revealed just how centralized the XRP is, and the IOTA mafia were out in force after Andreas Brekken dared to deliver a few home truths in his latest shitcoin review. Still, better to be an irate IOTA holder than a Nano holder with your XRB in Bitgrail. $170 million of cryptocurrency lost due to a withdrawal bug that was mercilessly exploited for months. Next week can we please have no hacks, no phishing attacks, no bulls, and no baseless cries of “FUD”?