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Author: StanNordFX   |   Latest post: Wed, 2 Dec 2020, 9:51 AM

 

CryptoNews of the Week

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- The Darkside Hackers hacker group donated $10 thousand each in cryptocurrency to two charities. According to the BBC, the hackers received this money by attacking several large companies with a ransomware virus. At the same time, the hackers released a message that says: “We believe it would be fair to send some of these companies' money to charity. It does not matter how bad you feel about our work. But we are pleased to know that we have helped change someone's life."

- According to the analytical service Glassnode, the number of addresses that store more than 100 BTC has grown to 16,159, reaching the maximum value in six months. The total number of addresses with a non-zero balance is approaching 32 million.
According to another analytical agency, The Block, in addition to the growth in the number of wallets, the number of transactions and the volume of commissions in the BTC blockchain are also growing. Over the past quarter, transactions worth $225 billion were made on this network. That is, on average, users were conducting transactions for $2.4 billion per day.

- Anton Kravchenko, CEO of the investment company Xena Financial Systems, advised keeping bitcoin for the long term: in his opinion, the rate could reach $14 thousand by the end of the year, and there are no obvious reasons to sell BTC now. Maxim Keidun, CEO of the HodlHodl trading platform, agrees with his colleague. “Bitcoin is trading well below the historic high of $20K,” he says, “and the likelihood of repeating the record is high. Among the reasons are the pandemic, the money printing press and the growing popularity of bitcoin with large companies."

- A well-known Hungarian politician resigned after being accused of illegal mining. This is reported by AMB Crypto with reference to local media. Tamás Borka-Sás chaired the Finance and Development Committee and was a member of the Hungarian Socialist Party. As a result of a police visit to his office, several computers were confiscated, presumably for mining bitcoin and ethereum, which were powered by stolen electricity paid from the state budget. In addition, this mining “farm” was hidden in a makeshift wooden container, causing the risk of ignition and endangering the lives of employees working in the building.

- Co-founder of Morgan Creek Digital investment firm Anthony Pompliano increased accumulations in the main cryptocurrency from 50% to 80%. He spoke about this in the Pomp Podcast. The remaining 20% of its assets are in real estate, fiat currencies and investments in startups.
Citing investments in Tesla stock and Bitcoin as examples, Anthony Pompliano noted that “the target market for Bitcoin is much larger than the target market for Tesla. There is also a non-economic argument: if Bitcoin becomes a global reserve currency or gains global acceptance, it will create a much fairer world. I think this is an important aspect, "the investor said, adding that he has no plans to sell BTC, even if its price reaches $100 thousand by the end of 2020.
Earlier, the head of Morgan Creek Digital said that with the base forecast, bitcoin will rise to $100,000 in 2021, but if the conditions are more favourable, the rate can grow to $250,000.

- Entrepreneur Jörg Platzer has closed his Room 77 bar, which accepted bitcoin since 2011. As a result, this establishment has become a cult destination for the crypto community. Bitcoin Core developer Eric Lombroso noted that his visit to Berlin was never complete without a visit to Room 77. “This place will forever remain part of bitcoin history,” he wrote. The owner did not give a reason for the bar's closing. He thanked customers for the tips and stressed that “no one else will stop bitcoin.”

- Popular TV presenter and long-time bitcoin supporter Max Kaiser believes that at current levels, bitcoin futures traders are suppressing the price of BTC to give institutional players a chance to "load the boat." However, once the asset reaches the $28,000 mark (the interim benchmark set by Kaiser), the number of coins for sale will go zero, and governments and institutions will buy cryptocurrency directly from the miners.
“For the poor of this world, the current price and availability of BTC,” says Kaiser, “is the only opportunity in life to purchase non-forfeitable hard money before the price of it rises to 40-80 times, and prices will soar to the level of golden parity by around $400,000.”

- According to the well-known bitcoin supporter Mark Yusko, representing Morgan Creek, over the next 30 years, cryptocurrencies will finally replace fiat money. The businessman sounded his forecast on the air of Dash Dinheiro Digital channel. Yusko said interest in cryptocurrencies is growing around the world. In parallel, there has been a decline in cash use. However, it cannot be guaranteed that Bitcoin alone will benefit from declining interest in traditional payment instruments. People can start using other cryptocurrencies more widely.
But BTC has its flaws as well, Yusko noted. For example, compared to the Visa payment system, transactions on the bitcoin network take longer to process.

- "Crypto Baron" and the inventor of the famous antivirus, John McAfee published the first tweets from a Spanish prison in his account, where he ended up after being arrested at the request of the US authorities, who accused him of tax evasion using cryptocurrencies.
“I'm happy here. I have friends. Good food. Everything is fine,” he wrote. McAfee, awaiting extradition, issued a warning to his fans: "You know, if I hang myself like Epstein, it won't be my fault." In his first prison tweet, McAfee admitted that he misses only his wife in prison: “She was my inspiration, my muse, friend, confidant and lover. She is encouraging and supportive of me, she is the cause of my life.”
Janice McAfee, John's wife, said the day before that her husband got limited access to Twitter behind bars: “Don't ask me how. Just appreciate the riddle.”


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