Welcome to our weekly review CryptoMonday! During week 39 of the calendar, the price of bitcoin fell sharply and catapulted the crypto market as a whole.While the price of bitcoins remained at around $ 10,000 earlier this week, some old coins benefited from last week’s boost and earned even more.But on Tuesday, the hopes of an Altcoin season have finally been eliminated.The Bitcoin price fell by around 17% in a few hours and caused a short-term crash of Altcoin – the purest blood bath.
The price of bitcoin dropped to $ 1,800 at this massive sale to Binance and made some buyers happy.But what was the cause of this great burglary? A few days earlier, Bitcoin Hashrate, which means network security, had also lost 40% for a short time.Could the fall in Bitcoin prices be related to this? Is Bitcoin in danger? Where to buy the dip?
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Speaking of security, Google has unveiled its new quantum computer, which has upset the cryptographic community.
In France, we do not seem to be worried and we are introducing 25,000 new points of sale to pay with Bitcoin.
IOTA, Ethereum (ETH) and Ripple (XRP) also made the headlines.IOTA has taken a big step forward and announced its partnership with the Linux Foundation.
Ethereum has been accused in the meantime of secretly increasing its blocks by 25% and thus being centralized.Ripple, for its part, wants to help xRapid and XRP banks release $ 10 trillion in national bank accounts.But that’s not all.
Weekly review on our Youtube channel
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But now, we are addressing the most important events this week.Have fun with our weekly magazine CryptoMonday!
Then tell us what was the most exciting or important event for you this week and discuss it with your community on Telegram.
Bitcoin course and carnage Altcoin – 7 possible reasons for burglary.Accident rate of BTC at 1,800 on Binance
Last week, the events around the Bitcoin course turned around.The price of Bitcoin dropped sharply from about $ 10,000 to $ 8,000 and caused the purest bloodshed for the Altcoins.The panic seemed so great that some investors placed sell orders on the market and sold the price of Bitcoin at $ 1,800.
This is what happened on the Binance cryptographic exchange with the BTC / BUSD ( = Binance Stablecoin ).
Meanwhile, Peter Schiff, a well-known Bitcoin rival, predicted a $ 4,000 rate in due course.
Other experts took the opposite position and advised to buy Bitcoin – Buy the Dip.The burglary of the Bitcoin course was inexplicable for many and it was operated directly by Usachenforschung.We have put together 7 possible reasons for selling the BTC price.Learn more.75% of private CFD accounts lose money.
No protection for European investors.IOTA with mega-partnership and fight for more sustainability
The IOTA Foundation has recently joined the Climate CCI of the EIT for more sustainability.IOTA will explore the role of Distributed Ledger (DLT) technology and the Internet of Things (IoT) for new information, sustainable financing solutions and open data markets.
However, the most important news of IOTA in recent weeks and months remains the partnership with the Linux Foundation.With Hyperledger and LF Edge, IOTA intends to establish itself in the field of the Internet of Things (IoT) and set up a new open source IoT standard.It’s a very bullish message.
More details 75% of private CFD accounts lose money.No protection for European investors.
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Bitcoin course threatened by quantum computer? BTC Hashrate introduced.25,000 new outlets for Bitcoin
This week, interest in Bitcoin and crypto-currencies fell on a report falsely published on the NASA website.
Google would have successfully tested a quantum computer at 53 qubits.Many have questioned the security of Bitcoin.
At this point, everything is clear – Bitcoin is not threatened by the Google quantum computer.
The Bitcoin course was not a cause for further concern, but the short-term collapse of Bitcoin Hashrate was reduced by 40%.Although the Hashrate recovered soon after, there were still concerns about security.But here too, Bitcoin has nothing to fear.The BTC hash rate is an estimate calculated with several factors, including flexible blocking time.
Therefore, bitcoin Hashrate is subject to regular fluctuations.In addition, the collapse of Hashrate did not affect the subsequent decline in Bitcoin prices.
The French POS provider Global POS has not been deterred by these events and now wants to expand its existing POS terminals, with more than 25,000 agencies, with Bitcoin.
Thus, in many French stores and chains such as Decathlon or Intersport, it will be possible to pay for purchases directly with Bitcoin at the cash register.This development is a good basis for a possible rise in the price of Bitcoin.
Read more 75% of private CFD accounts lose money.No protection for European investors.Ethereum (ETH) too centralized?
This week, news was also published on Ethereum (ETH) and Ripple (XRP).
Ethereum has secretly increased its gasoline limit by 25% over the previous week.
Thus, the maximum number of possible transactions per block has also increased by 25%.The reason is that the Ethereum Blockchain is overloaded for several days and weeks and transaction fees are higher than Bitcoin.
But this change was done secretly and the rest of the network had to accept this update or break a hard line between Ethereum and another room.A possible sign that Ethereum makes many decisions centrally.Ripple wants to relieve by XRapid with XRP banks
On the other hand, at Ripple this week gave an overview of the SWIFT Sibos conference, where Ripple spoke about xRapid’s banking opportunities with XRP.
By using xRapid with XRP, Ripple wants to help banks recover $ 10 trillion from national bank accounts.For international transactions, banks must to date provide a high level of liquidity in the relevant currency.This leads to higher risk and cost for the banks.
Ripple wants to optimize this domain with XRP and provides an alternative solution with xRapid.
For the article.
75% of private CFD accounts lose money.No protection for European investors.
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