The British Queen and Prince Harry are having crisis talks, after the latter mentioned that he didn’t actually wish to be royal any extra, and was moving to Canada with spouse, Meghan. We can’t affirm or deny rumors that his actual motivation may be extra to do with low cost hydroelectric power and atmospheric cooling for a deliberate Bitcoin mine.
Bitcoin Price: Gaining Ground
It’s been a reasonably wholesome week for BTC value; a little bit of a rollercoaster, admittedly, however an undeniably wholesome consequence.
The constructive finish to final week had some bullishly questioning if 2020 could be another 2017. Then proper on cue, bitcoin value broke out, pushing through $8k for the primary time in over six weeks.
Well, it definitely wasn’t sluggish. Over the course of 48 hours, the worth tumbled quickly again down by $8k, even going as little as $7,750. At the identical time, futures volumes exploded, with Bakkt hitting document highs in open curiosity.
The dip was temporary although, and bullish traders were proved right as a bounce took us again above $8k. The value topped out (for now) at $8250, and has since pulled again into a variety round $8150.
However, an enormous rally could also be forward, with the Lucid SAR system indicating its first buy signal since Mar 2019.
News In Brief
Rumors abound that Apple is lastly warming as much as cryptocurrency, as the most recent Apple developer pack contains a new Crypto Kit function. Will the iPhone 12 lastly see built-in crypto options?
UK overseas alternate firm, Travelex, was hit by a ransomware attack. The criminals demanded $6 million value of bitcoin in alternate for decryption instruments.
The North Korean ‘Lazarus’ hacker group seems to be energetic once more, focusing on cryptocurrencies by the Telegram app.
On a extra constructive observe, an Interpol operation in South East Asia drove crypto-jacking down by almost 80%.
On a extra pointless observe, Elon Musk whipped crypto-twitter into a frenzy by tweeting “Bitcoin is *not* my safe word.” Well one can’t have a secure phrase which could come up naturally within the throes of ardour, can one Elon?
The ‘Pro-Bitcoin’ Nakamoto initiative came to an end on Monday… simply three days after it had launched its ill-fated Telegram channel. With a member listing together with notable forker, Roger Ver, and Ethereum-king, Vitalik Buterin, many weren’t satisfied how ‘Pro-Bitcoin’ the group actually was… then trolled it into oblivion!
We realized this week that cryptocurrency mouth, and US presidential candidate in hiding, John McAfee, will not be polishing off his one-eyed trouser snake reside on tv, though sadly not as a result of BTC reached $1 million.
It was all, “A ruse to onboard new users. It worked.” he tweeted. He additionally appears to have shifted his affections from bitcoin solely, calling it “ancient technology,” and questioning:
Bitcoin is our future?
Was the Model T the way forward for the car?
But whereas the (hopefully) overwhelming majority of the crypto-world breathes a collective sigh of reduction to have that sword of Damocles now not dangling above us, it does kinda really feel a bit like a cop-out… simply saying.
What was your favourite bitcoin and crypto information story of the week? Let us know within the feedback under!
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