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Famous Fund Manager Evaluated Bitcoin

Famous fund manager Mohammed El-Erian talked about the recent events and future in Bitcoin.

Bitcoin on the whole has had a great year, thanks to a small number of dedicated believers who have enabled many individual investors to participate in this dazzling event.. After the value of Bitcoin plummeted by a third in a few days last week and Exchanges were struggling to cope with all investor activity, the market found itself at an important crossroads.. Either this drastic price correction will act as a catalyst for an increase in institutional investment, which has so far been quite limited in this market, or it will be a phase in the deflating of a significant and historic asset bubble.

Bitcoin, at the beginning of the year 1,000 dollar to a record high near 20,000 last week, bitcoin futures started trading on CBOE and CME, with specialized investment products passed several important milestones until its emergence. More importantly, these events have strengthened the growing appreciation for blockchain technology, which is the horizontal innovation behind bitcoin.. At least so far, with the exception of China, bitcoin has failed to bring about any government intervention and regulation based on traditional concerns of consumer protection, money laundering and other criminal activity, or even financial stability.

One thing, however, is missing. No significant erosion has occurred in the continued highly fragmented investor base, as the latest data from the US Commodity Futures Trading Commission shows.. “Long positions”, that is, those who take bitcoin for either investment or trading, are largely individual (retail) investors, while “short positions”, that is, those who sell with the expectation that they will close their positions profitably at a lower price, are the more professional part of market participants.. Meanwhile, large institutional investors (such as traditional mutual funds, Wall Street banks, and established hedge funds) are often on hold, although their involvement is key to bitcoin’s sustainability.

One of the busiest weeks in bitcoin’s short history. The most important question it faces is whether the recent price correction will be what market participants consider “healthy”.. The soundness of this fix will quench the overzealous irrational enthusiasm, attract institutional investors, encourage the development of market-deepening products, and broaden and stabilize the investor base and product offering. It will help the universe to take deeper structural roots, reduce the possibility of tighter regulatory response and reduce the threat of a collapse in prices.. Without these, even the strong loyalty of true believers will not be enough to protect the individual retail investor who will end this experience of price surges and crashes that could compete with the biggest investment bubbles in history.

Source : BloombergHT

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A first from the US parliament on Bitcoin and Satoshi Nakamoto

A state legislature in the USA has prepared a bill on Bitcoin and its inventor, Satoshi Nakamoto.. This document also marks a first by drawing attention to the great potential of the leading cryptocurrency.

The bill praising Bitcoin and Satoshi Nakamoto

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There is still no definite information about who started the Bitcoin blockchain, which brought groundbreaking innovations in the financial world.. The world knows the name Satoshi Nakamoto by now. This can be a nickname used by a person or a group of inventors.

In the USA, the Louisiana legislature has drafted a bill regarding Bitcoin and its inventor, Satoshi Nakamoto.. This bill praises the inventor of the world’s most popular cryptocurrency. BTC hits $1 trillion market cap mid this month. This makes Bitcoin the fastest asset to reach this level.. The leading cryptocurrency has reached a $1 trillion market in just 12 years.

The aforementioned draft law is titled “Glory to Bitcoin and the crypto industry”. The bill was introduced by House of Representatives Speaker Mark Wright and passed on Thursday.

The bill states: “It praises Bitcoin for its success in becoming the first decentralized trillion-dollar asset, and state and local governments are advocating the use of this new technology. We urge them to consider ways that can help them capitalize on its increased use.”

The document also states that the leading cryptocurrency could potentially replace gold as monetary reserve’. It is noted that he can achieve this with a limit of 21 million coins.

American legislators state that the rise of Bitcoin has also increased the value of other digital currencies.. It is also noted that decentralized and direct money transfers are becoming even more popular as they do not require a third party.

Louisiana also has its own native cryptocurrency and its name is Moxey.. The local council stresses that this and other cryptocurrencies are “beneficial for businesses participating in these transactions or exchanges by providing access to new customers, better access to capital, and new tools for employee bonuses and compensation.”

The document states “The Louisiana Legislature House of Representatives commends Satoshi Nakamoto for his contribution to economic security.”.

Related – What is Bitcoin (BTC)? How to get it

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This coin can rock the market!

There is a coin that, according to experts, will drag many coins behind it as soon as it takes action and make a huge leap forward.. Which coin do you think this is?

If this coin takes action!

Crypto market started to recover after shock. Which coins will attack in this new uptrend?

Earlier this week, well-known crypto expert with 300,000 followers, Elliot Wainman said that in line with technical analysis, a coin will act against bitcoin and cause an explosion in oracle coins.. So which coin is this? The coin that the expert is talking about Chainlink. In April, analyst Wainman said that the LINK/BTC pair is poised to accelerate.. The popular trader emphasizes that Chainlik’s parabolic move will trigger a bull run in low-volume coins.

In the video he posted on YouTube on April 21, Wainman mentions that Chainlink will create a ripple effect that certain coins will also benefit from.

6 coins that will explode with Chainlink 2.0 from the phenomenon analyst

“ If you look at the Bitcoin and Link graph, you will see that LINK has accumulated a lot, in preparation for a bounce from the bottom, and now it’s time to go up.. If it does, LINK will have experienced a tremendous increase in value.. Whenever this happens, whenever LINK advances significantly it will have given rise to oracle coins. In this case, it will have acted as a whip for DeFi coins.”

Two of the Oracle coins stand out for particularly big gains; Oraichain (ORAI) and  OptionRoom (ROOM):

“I believe that once Chainlink takes action it will result in a huge volume size. Some oracle coins, especially low volume ones, will exhibit incredible moves. Oraichain and OptionRoom, two low-volume coins, I think these two coins will make tremendous gains. To be honest, it looks like all oracle coins will stand up, of course LINK will take the lead on this one.”

Chainlink price status here

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Forbes Explained: Is It A Good Time To Buy Bitcoin?

The article published by Forbes recently wrote that today is perhaps a good time to invest in Bitcoin.. He stated that we are in a cheap period to buy Bitcoin, which can be incredibly valuable in the future thanks to the recent price drop. Putting them together, he paints an overall positive picture of Bitcoin’s future.

Although he said the Bitcoin price will “fall or stay the same for the next year or two,” senior eToro analyst and Bitcoin speculator Mati Quoting Greenspan, he said, “The current bearish market seems more like a natural reaction to the surge in 2017 than a reflection of any underlying problems.” He also expressed the positive opinion of Charles Hayter, who. According to Hayter, “many organizations are interested in the cryptocurrency space, and this increased adoption will certainly lead to a future price increase.”

Bovaird also quoting Charles Thorngren, CEO of Noble Alternative Investments, “In the new phase of Bitcoin, long-term investors, not day traders anymore, will make money out of it.”

Forbes’ article on cryptocurrencies is quite optimistic compared to other big financial news agencies like CNBC.

Still, the article shared on Forbes does not seem to have had any positive effect on the price of Bitcoin. The leading cryptocurrency Bitcoin is currently trading at $ 6,250.

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Scandal in Private Ethica Hospital: Police officer Vedat Tuğrul died during oil gland surgery

A big scandal emerged after the post of the “Turkish Police” account on Twitter. Vedat Tuğrul, 31, who is in the Istanbul staff of the General Directorate of Security, went to Private Ethica Hospital in Bakırköy for oil gland surgery. gone. During the oil gland surgery, which started after the checkups, Vedat Tuğrul suddenly fell ill. Although interventions were made for Tuğrul, who was understood to have had a heart attack, the young officer died. The prosecutor’s office launched an investigation for Vedat Tuğrul, who was born in Muş, who died after oil gland surgery in the Ethica Hospital Dermatology department. According to the first reports, Tuğrul’s death was recorded as “suspicious death”

Vedat Tuğrul died, doctors disappeared

The Private Ethica Hospital, which has been serving for many years in Istanbul’s Bakırköy district, was shaken by a scandal. According to a claim on Twitter, police officer Vedat Tuğrul fell ill during oil gland surgery and died. The Prosecutor’s Office launched an investigation into the incident and submitted a report stating that the death was suspicious. According to the continuation of the same claim, after the prosecutor’s report, the doctors who performed the surgery disappeared. No statement has been made yet by the hospital and Tuğrul’s family regarding the incident.

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Ripple rises to $0.53 again, running to record

Ripple (XRP) there have been new increases in price. Due to the rising prices, the volumes in the crypto money market have also changed. While Bitcoin and Ethereum stood in place, the new price increases and changes in Bitcoin Cash and Ripple prices caused the market to be surprised. Ripple, which has gained more than 8% in value today and gained up to 15% with Bitcoin Cash, is the 2nd largest cryptocurrency that has risen in the past weeks and remained for a short time, if the market volume increases by 500 million dollars in addition to this gain to its investors.

Ripple rose to $0.52 today as a result of the change in price. While this level is extremely important for Ripple, expectations arose that it would break the record in a much longer time if it exceeds the $0.60 level. While , is currently at $ 0.52, there are hopes and expectations that if the market volume increases and moves to the 2nd place in the next 48 hours, this time it will be in the 2nd place for a longer period of time.

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The net wealth of crypto billionaires has almost melted

Cryptocurrency wealth can come easily and go easily. Markets have been in decline since the last days of 2017. Bitcoin is hovering almost 70 percent below its peak. These prices have also brought the net wealth of the richest names in the crypto money world down considerably.

Two months ago, Chris, the founding chairman and director of Ripple, which was on the crypto rich list of Forbes and determined to have a net worth of $ 8 billion. This fortune of Larsen, with the last drop, melted 5 billion dollars to 3 billion dollars. Mellon’s fortune, which had a fortune approaching $ 1 billion in January, fluctuates between $ 300 and $ 400 million today, with the last drop. About a third of Winklevoss’ net worth in crypto has evaporated in the past two months. Forbes estimates that each has a crypto fortune of between $600 and $700 million. The Winklevoss twins have been investing in Bitcoin since 2012, and they say they still hold it.

Ethereum’s creator, Vitalik Buterin, is estimated to have a net worth of between $100 and $200 million in crypto.

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Bitcoin Payments Can Now Be Made With POS Device

According to the news of AMB Crypto yesterday, a team of BTC fanatics set up a fully functional POS device via the Lightning Network (LN) at a bar called ROOM77 in Berlin.. In this way, in addition to paying customers for beer with BTC, this is proof that the Lightning Network is actually used for the first time.. Thus, Bitcoin is also one step closer to being used as a real currency.

Rene Pickhardt was the first to tweet about it, and she proved it by performing an action in a video under 10 seconds:

Lightning Network is known as a second-layer solution to the Bitcoin scaling problem and basically solves problems such as slow block times and transaction confirmations via off-chain channels by allowing the channel to be recorded on the blockchain after it is closed.. You can find detailed information about it in our article here.. But most importantly, with the Lightning Network, Bitcoin can be used in real time and daily transactions can be made possible.

Although the Lightning Network has been going on for months, it has not yet been applied to a real business.. Now, as it is used in the real world, this technology has proven to be usable in the retail space.. In fact, some reddit writers have said that the scaling debate is over with this event:

“I’m here to announce that the scaling discussion is over.. This problem is solved. We can now return to the core issues of Bitcoin, such as tradability and privacy.” -joecoin

Now, Lightning Network fans, don’t get too excited, because there’s actually a long way to go. Many businesses are still cautious about Bitcoin and undoubtedly lack the expertise to consider the Lightning Network as an option.. However, as cryptocurrencies continue, the Lightning Network will develop more and be more user-friendly and will create a framework for Bitcoin to be the money of the new century.

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Coinsquare introduces credit card payment method

Canadian crypto exchange Coinsquare enters a new partnership with payments company Processing.com. As a result of the partnership, Coinsquare will be able to offer credit card payment functionality.

Soon, Coinsquare customers will be able to instantly purchase cryptocurrencies such as Bitcoin, Ether, Dash, Litecoin and Bitcoin Cash with credit or debit cards.

Coinsquare seems to have downplayed the credit card bans

The news comes just weeks after several banks and credit card companies in the UK and America banned credit cards to buy cryptocurrencies, fearing their customers could not pay their debts.

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But for Processing.com executive James Bergman, cryptocurrencies remain. Processing.com, a brand of CardConcepts Europe, does not offer online payment services for the e-commerce industry. The company has offices in the UK, USA, Europe, Australia and Brazil.

Bergman said:

As digital currencies increasingly enter mainstream consciousness, service providers are rapidly becoming has a responsibility to ensure wider access to the growing Blockchain ecosystem. Processing.com is proud to facilitate payments of public digital currencies through Visa and MasterCard transactions.

Coinsquare, operated by Canadian firm goNumericial, is one of the largest cryptocurrency platforms in the country.. The company handles $5 billion a year in cryptocurrency trading and over 100,000 customers.

“The partnership will act as a catalyst.”

Coinsquare CEO, Cole Diamond: “Market-leading innovative payments It was important that we partner with their providers. We believe this partnership will be a further catalyst for our growth.”

Coinsquare received $23.63 million worth of investment earlier this month to strengthen its global growth plan and diversification strategy.

The company raised $120 million in September to help finance overseas expansion.

Diamond spoke with Bloomberg last month, saying:

We believe we will be a strong competitor to Coinbase and other exchanges in the US by the end of the year. We believe.

Coinsquare plans to include Ripple on its platform from the end of this month.

Coinjournal

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Ripple is among the top 4 earning 24 hours!

The exchange of cryptocurrencies in 24 hours witnessed extremely different scenes. While Bitcoin price and Ethereum price are in place, the fact that XRP and BCH price broke the records of the last few weeks during the day and the cryptocurrencies that gained the most value during the day were seen as positive and reliable in the eyes of investors. is welcomed. While it is noteworthy that Bitcoin Cash owners have been earning high income in their earnings for a few days in a row and this gain has become extremely high, comments were made that Bitcoin owners could not benefit from cryptocurrencies because they could not make a profit even if they did not make a loss in a short time.

XRP is #4

Bitcoin is not Cash, but XRP has ranked 4th among all cryptocurrencies, making it the 4th most profitable cryptocurrency today. With this aspect, XRP, which faced the interest and increases of its investors, rose to the 2nd rank in the next 24 hours and became the 2nd largest unit. If it earns an average of 300 million dollars more, XRP will not be in the first place, but in the second place.