Bitcoin Selling Pressure on the Rise – Bitcoin Education with Lightning Torch – Bitcoin Scams and VerdictsMarch 14, 2019
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 analysts.”
The verdict on Mark Karpeles, the former Bitcoin Exchange MtGox for having faked digital data and embezzling millions of dollars is due.
The press 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).”
The verdict 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.