In today's news: ✅ Are we facing more declines on BTC? ✅ Was the QuadrigaCX exchange linked to a financial pyramid scheme? ✅ China wants to ban cryptocurrency digging ✅ Automotive giants create blockchain-based data marketplace ✅ Victor Dergunov: now is the time to invest in Bitcoin Are we waiting for more declines on BTC? Vinny Lingham, a general partner at the crypto-fund Multicoin Capital and co-founder and CEO of Civic, believes that the cryptocurrency market is still facing strong declines. In his opinion, the recent rise of BTC to $5,200 might as well be a correction of long declines and does not rule out a further downturn. He argues that if the bottom of the decline was $3,100, Bitcoin needs to be at twice that level to avoid another bottom. https://cryptoprofit.pl/zima-nadciaga-nie-tylko-w-grze-o-tron-czy-czekaja-nas-kolejne-spadki-na-btc/ Was the QuadrigaCX exchange linked to a financial pyramid scheme? The world heard about QuadrigaCX earlier this year when it was revealed that its users had lost access to their funds. This was linked to the mysterious death of the company's owner Gerry Cotten, who died in December 2018 during a trip to India from acute intestinal failure. The problem was that he was the only person who had access to the keys of the exchange's private cryptocurrency wallets. The media also suggests that the co-founder of the platform, Michael Patryn is actually Omar Dhanani, who was linked to the financial pyramid Liberty Reserve. Apart from that, he was active in the identity thief market and also offered money laundering opportunities through another platform - Midas Gold. China wants to ban cryptocurrency digging China's National Development and Reform Commission (NDRC), the state planning agency responsible for conducting macroeconomic policy, has revealed that it is considering eliminating the cryptocurrency digging market from the country. Reuters reported this on April 9. Recall that Chinese mines currently hold 75% of the processing power of the bitcoin network and a ban on mining could bring, in the short term, fatal consequences for the entire market. https://bitcoin.pl/chiny-chca-zakazac-kopania-kryptowalut/ Automotive giants create blockchain-based data marketplace General Motors and BMW are investing in blockchain technology and want to use it to share data that relates to how self-driving cars work. - With the advent of blockchain, decentralized data management can be implemented in a way that ensures privacy and efficiency, Andre Luckow, an expert at BMW Group, told CoinDesk. The automotive market is another area of opportunity for blockchain network technology. https://cryptoprofit.pl/giganci-rynku-motoryzacji-tworza-rynek-danych-opartych-na-blockchainie/ Victor Dergunov: now is the time to invest in Bitcoin In opposition to Lingham is SeekingAlpha market analyst Victor Dergunov, who argues that now is the time to invest in bitcoin. He suggests that you should hurry up before it's too late. After a 15-month slump, green has finally arrived in the markets. The BTC/USD pair is trading more than 40 percent higher today compared to its mid-December value. - This is probably just the beginning of bitcoin's next bull market," Dergunov said. https://bitcoin.pl/analityk-rynku-teraz-jest-czas-by-inwestowac-w-bitcoina/ Tags bitcoin news Blockchain daily news daily news from the cryptocurrency market crypto news cryptocurrencies Cryptocurrencies news cryptocurrencies news news bitcoin news
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