A Need for Centralization To Decentralization
Whether it’s a game night or a casual talk with your friends, investment will always be a topic popping out. In the past, these discussions were around real estate, stocks, or even gold. Now, the talk is all about cryptocurrencies. To be more specific, all such talk is around bitcoins. But after a Twitter hack incident, Bitcoin is the talk of the town today.
The Twitter hack has proved that Bitcoin is secured and hard to crack. The hackers had to plan an entire Twitter hack just to get some Bitcoin.
Today’s newsletter is focused on Bitcoin and a few insights on Ripple and Crypto wallets.
#1 Decentralized Twitter, Need Of The Hour
The recent Twitter hack, where-in high profile twitter accounts with millions of followers were hacked to promote a bitcoin scam, raises the need for decentralized Twitter. Bitcoin can never be hacked, but Twitter can be due to the present centralised platform. Read the story.
#2 Wallets Hacked, Before Bitcoin Scam
Whitestream, a blockchain analytics company recently shared a twitter post, revealing the hacker’s bitcoin wallet pointing to two major companies, Coinbase and BitPay. Read about the first transaction which was 1.2 BTC transferred to BitPay in May 2020 and the other two transactions associated with Coinbase were made two days before the hack.
#3 Bitcoin to crash down to $8k ?
Josh Rager, a crypto trader, analyst, and co-founder at Blockroots.com anticipates downtrends for Bitcoin in coming days. Interestingly, he also quotes “ The downtrend is an indication of the upcoming bull run for bitcoin.” Know the reasons for his such predictions.
#4 Ripple, The Most Preferred Coin
As per the reports, the United States stands on top when it comes to merchants accepting XRP cryptocurrency, followed by U.K and India.The total number of merchants accepting XRP as payments has marked an increase of about 46% in these seven months. Read, if XRP will join Altcoin Season 2020.
#5 Bitcoin Wallet, At The Ease Of Your Smartphones
Mycelium is an innovative online Bitcoin wallet where-in the users can easily access, store, send, or receive Bitcoins. It can be easily accessed through the ease of your smartphones. The wallet hasn’t reported any security breaches till date. Read our review.
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