The long term buying
demand for Bitcoin is slowing down. The
Bitcoin rally is losing its momentum.
The selling pressures are intensifying.
The moving average
convergence and divergence indicator for Bitcoin has been declining steadily
ever since mid-February.
Jack Dorsey, Founder of
Twitter, also a Bitcoin (BTC) enthusiast has started to educate people about
cryptocurrency through his frequent tweets.
He had previously shown
his followers about using the lightning network. This crypto expert stated makes the BTC
transaction a lot cheaper and faster.
The followers were
educated using a game known as the lightning torch. This was a game where funds are added to BTC
after which it is added to others so that they will be able to do the same.
Prior to passing the
Lightning Torch to Elizabeth Stark, Jack stated that the game was a “Cool
example of #Bitcoin Twitter experimenting on the Lightning Network.”
Those who were not able
to understand the uniqueness of cryptocurrency were able to understand it using
several educative tweets from Jack.
Changpeng Zhao, the CEO
of Binance, recently tweeted: “The world’s first live property auction using
cryptocurrency streaming. Accepting Bitcoin & Binance Coin. The auction is all set to begin on April 8,
2019, and people will be able to make their payments using Bitcoin and Binance.”
The auction is all set to
make use of a “utilize a borderless payment system,” and they are
going to accept the payments in decentralized cryptocurrencies.
The BCSC opines that Canada Bitcoin Exchange Inc. is a scam. This probable Canadian Cryptocurrency
scam has been identified from a reading that stated: “Professional
Market analysts know where to look to find the stocks that are ready to
explode. Our Canadian Bitcoin Exchange trader team manage your money and make
maximum profit for your deposit. The Canadabitcoinexchange.net project is
managed by “Canada Bitcoin Exchange” Group which staff includes Canadian traders and
The verdict on Mark
Karpeles, the former Bitcoin Exchange MtGox for having faked digital data and
embezzling millions of dollars is due.
release stated: ” The defence
counsel will need a high level of evidence to win an innocent verdict.”
While the odds are against Karpeles, an expert lawyer on cryptocurrency issues stated, “If
found guilty, it will be possible for him to get a jail term considering the
significant money losses (suffered by customers).”
is expected to be issued this Friday, and if Karpeles is found to be guilty, a
sentence will be handed down at the same time.
In cases where they have to lose the case, Karpeles will use his right
to appeal and will have to be on bail.