The Currency Analytics
By Maheen Hernandez
Bitcoin (BTC) Contrary Opinions
The BBC reported that Coinbase, the cryptocurrency exchange prevented several thousands of pounds in worth of Bitcoin from getting transferred to scammers.
Coinbase have reportedly blacklisted the hacker’s wallet addresses thus preventing more than 1,000 customers from sending nearly $280,000 worth £220,000 to scammers.
The investigation is continuing at Twitter. Users are temporarily blocked from tweeting bitcoin wallet addresses.
Sydney Ifergan, the crypto expert tweeted: “About the Bitcoin (BTC) scam it is good to see exchanges stopping scammers on their tracks.
Exchanges are supposed to do this because everything about them is based on their legitimacy and security factor.
With so much of mess some of the analysts have to say that there will likely be a monster breakout over the next three days.
Also, it is interesting to see that several traders are also betting on the upside. The on-chain indicators that they rely on are based on facts like miners are not selling,…
A great bull run is surely not on the cards because the markets are apprehensive about what next. There is no light to where the world economic is trending.
The coronavirus induced crash in the stock market and BTC working in synch with the stock market left several investors wondering if BTC can be considered to be a safe haven asset.
CZ recently stated, "The stock market is probably a thousand times bigger than the crypto market." He also opined that people should not take the Bitcoin Safe haven idea literally.
The BTC price did recover the March losses quickly; however, Binance CEO CZ have to warn that the BTC price is tied to the stock market.