Crucial Moment for BTC, Bull Run Prediction, Halving Frenzy, & Other News

Bitcoin pushes to clear $7,750 as key weekly close approaches...

View this email in your browser One week in review:  Apr. 20–26 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: #1. Bitcoin pushes to clear $7,750 as key weekly close approaches It's a nail-biting time for Bitcoin owners. The cryptocurrency mounted a strong rebound and surged from $6,800 to $7,600 this week — with a dramatic surge on Thursday, taking many traders by surprise. But the question now is whether these higher prices are here to stay. On Sunday, Bitcoin needed to hold above $7,475 or else its price was prone to retest underlying support levels. Two technical factors could push BTC to $8,000 near-term as traders anticipate a strong weekly close. The Crypto Fear & Greed Index shows investors remain extremely cautious about Bitcoin's short-term prospects. Currently, the score stands at 21 — "extreme fear." Read more #2. Bloomberg: Bitcoin is setting up for a 2017-like bull run A new Bloomberg report this week was exceedingly flattering about Bitcoin and suggested that the cryptocurrency is preparing for a mahoosive bull run. The report claimed that Bitcoin and gold stand to be "primary beneficiaries" of the coronavirus-induced market turmoil. With BTC's correlation to the precious metal hitting all-time highs, it added that Bitcoin could be about to transition from a "risk-on speculative asset to the crypto market's version of gold." Read more #3. Ripple files lawsuit against YouTube: "Enough is enough" Ripple Labs has filed a lawsuit against YouTube, and the company is seeking damages for the video-sharing site's alleged failure to stop XRP scammers and impersonators. Brad Garlinghouse, Ripple's CEO, claims the scam — often referred to as "The XRP Giveaway" — has already defrauded victims out of crypto worth hundreds of thousands of dollars. YouTube is accused of profiting from the scam by "knowingly selling paid ads on behalf of fraudsters" — and awarding verification badges to channels taken over by the scammers. Read more #4. Prediction of the Week "Boomers are f*cked" — new macro report forecasts $1 million Bitcoin by 2025 A damning new macro report claims Bitcoin can rally to $1 million, but the coronavirus means that the baby boomer generation is, well, "f*cked." Global Macro Investor CEO Raoul Pal says the COVID-19 pandemic is inflicting "incomprehensible" damage on the U.S. pension system. Summarizing the market losses seen since March, he wrote: "The Baby Boomers will sell every rally they can to protect their last, rapidly diminishing nest egg. The Baby Boomers are totally f*cked. I have been publicly warning and warning about this." Read more #5. FUD of the Week Vitalik Buterin trolls Craig Wright over patent trolling Ethereum Co-Founder Vitalik Buterin took a veiled swipe at Craig Wright this week, the Australian entrepreneur who claims to be the pseudonymous Bitcoin creator, Satoshi Nakamoto. Wright has previously claimed that nChain, where he works as chief scientist, has filed more than 800 applications for blockchain patents, and has been granted between 50 and 100. In a scathing tweet, Buterin argued that this is beside the point, writing: "If you're bragging about how many 'blockchain patents' your country/company/organization has, you don't understand blockchains." Read more #6. FUD of the Week COVID-19 domain seized after attempted sale for BTC The United States Attorney's Office has seized a fraudulent COVID-19 domain name after its owner attempted to sell it in exchange for Bitcoin. CoronaPrevention.org was put up for sale on a "hackers forum" the day after President Donald Trump declared a national emergency in response to COVID-19, the U.S. Department of Justice alleges. Read more Feel free to explore the most important news with Hodler's Digest by Thomas Simms:   Read more 1.5 mln people follow us on social media Download our official app:

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Bitcoin Correction Fears, Libra U-Turn, & Other News

Weekend trap? Bitcoin hits $7,300 in attempt to finally break out...

View this email in your browser One week in review:  Apr. 13–19 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: #1. Weekend trap? Bitcoin hits $7,300 in attempt to finally break out At the start of the week, we knew a big move for Bitcoin was brewing — but it was unclear whether or not the world's biggest cryptocurrency was heading to $6,000 or $8,000. After a scary slip below $6,666, we got our answer on Thursday: BTC was heading upward. Bitcoin vaulted past $7,000 with ease and headed toward $7,300 as the weekend roared on. But wait a second. Cointelegraph analyst Michaël Van de Poppe has warned the gains may not be sustainable as volume starts to drop significantly in the markets. Read more #2. Libra just made a bunch of changes to play more nicely with regulators Sweeping changes have been made to Libra's white paper with a view to making the product more palatable for governments and central banks. Now, single-currency stablecoins pegged to the U.S. dollar, pound and euro are going to be created alongside a Libra coin backed by a basket of assets. Although it may seem like this massive U-turn is great news for Bitcoin, economists such as John Vaz believe Libra could still be a threat to crypto. Whereas BTC continues to grapple with scalability concerns, Libra has been purpose-built as a payments network that can accommodate a surge in demand. Read more #3. Andreessen Horowitz looks to double down on crypto with new $450 million fund Venture capital firm Andreessen Horowitz may have plans for another crypto asset fund. A report in the Financial Times revealed it is looking to garner $450 million in crypto. It's not clear at this stage how big the new crypto fund will be. Also going by the name a16z, Andreessen Horowitz has previously invested in Coinbase, and it's also a financial backer of the Libra project. The company, which was established by Marc Andreessen and Ben Horowitz over 10 years ago, already has a $350-million crypto fund in operation. Read more #4. Prediction of the Week "Mathematics works!" — CZ predicts QE will drive Bitcoin prices up Speaking at the virtual BlockDown 2020 conference, Binance CEO Changpeng Zhao said he believes there are big things ahead for crypto. Although he admitted he was shocked by the impact that the aggressive pullback on global markets had on crypto, CZ insisted that trading activity has risen substantially and exchanges are "actually doing quite well." He also believes that aggressive quantitative easing measures enforced in response to the coronavirus pandemic — where central banks effectively start printing new money — could spark a bull trend in the coming months. Read more #5. FUD of the Week Don't trust ransomware groups amid pandemic, expert warns Ransomware groups may have made promises to halt their activity against medical organizations during the coronavirus pandemic, but one cybersecurity expert says these assurances should be taken with a massive pinch of salt. Emsisoft threat analyst Brett Callow told Cointelegraph that these promises are irrelevant, adding: "They've put lives at risk by attacking hospitals in the past, and it would be a mistake to assume that they would hesitate in doing so now." He also compared taking these assurances at face value to leaving a front door unlocked because burglars had "pinky-promised" not to rob you. Read more #6. FUD of the Week Criminals are selling COVID-19 infected blood on the darknet Chainalysis also revealed this week that criminals claim to be selling coronavirus-infected blood on the darknet. These illicit marketplaces have not been immune to the adverse effects of the pandemic, with a 33% decline in the volume of cryptocurrency sent to scam addresses. In a new low for the darknet, one vendor claimed to be offering COVID-19-infected blood that was extracted from his hospitalized father that had been injected into bats. It's not clear whether this listing is real or an attempt to scam users. Read more Feel free to explore the most important news with Hodler's Digest by Thomas Simms:   Read more 1.5 mln people follow us on social media Download our official app:

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