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Happy Friday and welcome to March! Are you ready for the Madness to begin? Both the NCAA Tourney and in the world of Crypto. Bitcoin transaction volume is puzzling investors, struggling to stay above $11,000 amid low volume. Not all investors are puzzled, $1 Trillion investment group eyes up Cryptocurrency. There is still a dichotomy when it comes to Bitcoin; either it’s going to $1 Million or zero; all depends on who you talk to. Sheila Bair says bitcoin has no intrinsic value–but neither does the dollar. Transaction data suggests a Crypto recession is brewing. Bitcoin is falling out of favor on the Dark Web, so…How Bitcoin ends is anyone’s guess.
While many are talking price, there is real adoption happening. Politicians are getting in on the Cryptocurrency craze to fund campaigns. Cryptocurrency is providing a popular means of payment for real estate because L.A.’s real estate industry enters the age of Bitcoin; even Kauai hotel is now accepting Bitcoin as payment. Mortgage companies are also leveraging Blockchain to speed up processes. In addition to the real estate industry, 6 companies are using Blockchain to change the travel industry as well. However, we know things are getting real when the Millennial Gamers rush to embrace Cryptocurrency.
Bitcoin was created to be a peer to peer electronic currency, BUT if you think you can buy and sell Bitcoin person to person be careful. A Bitcoin-Trading family man faced years in prison and now he’s telling history; you will want to read it at the link below. Telegram still haven’t provided an update on the public sale for its ICO but, a Fake website scam target aspiring Telegram ICO investors. So the point is to be vigilant in the world of Crypto. Telegram is not the only one with ICO issues, Overstock defends tZero ICO against the SEC subpoena.
Globally, Japan 132 Crypto investors are suing hacked exchange Coincheck, seeking reimbursement and Big Blockchain Intelligence Group has tracked the stolen funds, Dutch Bank that once called Bitcoin “High Risk” considers building Crypto-Wallet, Thai regulators in race with growing popularity of token sales, Venezuela claims Petro Cryptocurrency has raised $3bn from investors in 127 countries, Ukraine‘s financial watchdog clarifies stance on Cryptos, Kenya government embraces Blockchain technology, and Bank of England Governor Mark Carney says Bitcoin is headed for a ‘pretty brutal reckoning.’ So there ya have it.
If you have time and the attention to read more click HERE for all the articles from the past 24 hours.
WARNINGS. As many of you are aware BitConnect have been proven to be pretty much a scam/ponzi scheme type organization. Please do not fall for their second attempt “BitConnectX ICO” to create yet another scammy type operation. The following organization (USI-Tech, WCI, and BitClub) still should be handled with caution. Engage at your own risk!
Happy Investing and Trading!