Plus, catastrophic real estate market is expected and more |
Hello Bitcoiner,
This week’s changes: As Roger Ver predicted, halving did not have a significant impact on the price of Bitcoin Cash (BCH). Bitcoin (BTC) started the week strong but the price dropped and slide below $7,000 for the first time in four days. Could April be the month that sees a turnaround in the market?
Prices are as of 7.00 a.m EDT.
Don’t miss any market movements.
Bitcoin Cash completes its first halving
The Bitcoin Cash network’s block reward halved as of block 630,000. The event took place on Wednesday and BCH miners will now capture only 6.25 coins per block going forward, instead of 12.5. The BCH halving is the first major SHA256 branch to halve its block reward, as BSV and BTC will halve as well within the next 30 days.
Binance tries to set the record straight
Crypto exchange Binance was accused of freezing an account worth around $1 million. The exchange platform has denied allegations of stealing 3.995 Ethereum and 4290 Litecoin from a user and tries to present evidence. According to Binance, the theft was "false information" and it took the money under the direction of law enforcement. Do you think Binance’s move was illegal?
Catastrophic real estate market is expected
Predictions suggest that the Covid-19 economy will destroy the American housing market and it might be far worse than in 2008. During the last two weeks as unemployment levels have skyrocketed in the U.S., analysts have been warning about another subprime mortgage crisis. The real estate industry is about to be hit hard by the unemployed homeowners who can’t pay loans and renters who cannot pay their landlords.
South Korea’s ‘ICON’ reveals new novel consensus algorithm
The largest and most well-known cryptocurrency project from South Korea is called ‘ICON’which was founded in August 2017. After 3 years of research and development, ‘ICON (ICX)’ has officially introduced the so-calledLoop Fault Tolerance 2.0 (LFT2), a new consensus algorithm that significantly improves the performance of blockchains.
Wall Street CEOs expected the market crash well before Covid-19
Evidence shows that the politicians and Wall Street CEOs knew a crash was on the horizon, as the Covid-19 crisis was simply the pin to pop the balloon. In 2020 stocks were massively overvalued and bonds were manipulated by banks. Can they manipulate and ruin the global economy?
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