On this edition of the Crypto.IQ, we do a deep dive market analysis. Bitcoin (BTC) got rejected from the $5,300-$5,400 resistance level yesterday and is now trading near $5,200, resulting in bearish sentiment this morning. Coinbase has announced that they will be listing EOS, Maker (MKR), and Augur (REP). We discuss how China may ban Bitcoin (BTC) mining, which would have a major impact on the mining industry since most of the world’s mining hash rate is located in China. Ultimately, a ban on Bitcoin (BTC) mining in China may be a good thing since it would decentralize the mining industry. Hear about how Facebook is looking to raise $1 billion for its stablecoin. We also discuss how the Electrum Bitcoin (BTC) wallet is experiencing a heavy denial of service (DoS) attack, and simultaneously hackers are running 200 servers which prompt users to upgrade their Electrum client to a hacked version. This has already resulted in millions of dollars of losses. Also, the civil rehabilitation process for Mt. Gox, where creditors will be paid back, may end up getting delayed by two years due to litigation with Coinlab.
April 3, 2020
November 20, 2018
Iran’s Government Cuts Off the Internet Due to Widespread Protests, Revealing the Need for Decentralized Mesh Networks and Blockchain DNS
November 19, 2019