Hi, I’m Nate Martin from 99Bitcoinscom and here’s what happened this week in Bitcoin
Blockchain analytics firm, Chainalysis, reported some downbeat price predictions based on its tracking of funds acquired by the massive PlusToken ponzi PlusToken raked in over $2 billion from mostly Chinese citizens before the scam was busted and several leaders arrested Those that remain at large have just under half their ill-gotten gains yet to sell However, the upcoming halving may offset further downside Roger Ver’s exchange received criticism by the crypto community, including many Bitcoin Cash adherents, for implementing trading of the new HEX token
HEX is often described as a scam for its design, which favors and enriches its creator, Richard Heart HEX is also backed by former BitConnect shill, Trevon James The exchange’s CEO said on Twitter he was listing HEX “out of spite” for Bitcoiners Coinfloor, the oldest exchange in the UK, announced that it will end support for Ethereum and Bitcoin Cash in January 2020 Coinfloor’s founder said the technical burden of supporting Ethereum’s changing architecture is not worth its trading volume
The exchange will focus on Bitcoin only A 19-year-old simjacker from Brooklyn, New York was arrested for hacking over 75 people in 2019 He used SIM swaps to takeover their accounts and steal their crypto If your email, exchange or other logins depend on access to your phone, consider adding an extra layer of security to guard against this growing threat Before we conclude, here’s this week’s “Bitcoin quick question”: Is Bitcoin vulnerable to quantum computing? The short answer is yes – and general most systems relying on cryptography are, including traditional banking systems
However, quantum computers don't yet exist and probably won't for a while In the event that quantum computing could be an imminent threat to Bitcoin, the protocol could be upgraded to use post-quantum algorithms If you want to read more about this topic just visit the link in the description Have a question you want us to answer? Just leave it in the comment section below That’s what happened this week in Bitcoin
See you next week
