The Bad Crypto Updates Of The Week: Mining, Bull Runs, And Tor Attacks

The last week has been pretty rough for the Crypto environment as Bitcoin just ended the week approximately 11000 USD. This is a drop of nearly 2.7% over the preceding 7 days. If calculated, this drop reveals that each day there was a fall of 700 USD. So, this makes everyone curious about one thing – has there something wrong with the bullish moment or will Bitcoin (BTC) make headway to 15000 USD?

The very first mission here is to collapse the stand at 12000 USD even though BTC has shown utter failure to accomplish that two times in 10 days. However, it integrated after every failure. Some specialists have a belief that it is proof of an ongoing bull run.

Monahar’s Advice to MicroStrategy

There is a business intelligence firm known as MicroStrategy and it hopes the same certainly. The company bought 21454 BTC by spending around 250 million USD to make the use of it as its leading reserve asset. Taylor Monahar, who is the co-founder of both MyEtherWallet and MyCrypto, has put some advice to MicroStrategy and to the others looking for how to have control over the amount they are investing at the time of a bull run.

She has to say that one should pick a few long term coins and one should not take the risk of putting 5% of your entire worth. She also added that in case he or she loses it completely, he or she should never ever go for giving a try to get back or recover the sum he or she lost.

Threats on Crypto Investors

The superiority of China is one aspect of the blockchain for fresh investors to keep in their minds. China could easily take power with a 51 percent attack as the nation possesses the maximum portion of the BTC mining capability. Casa’s chief technical officer and co-founder Jameson Lopp is not concerned. He made a statement saying that the attackers are not capable of stealing Bitcoins and he added that any attack would also reduce the worth of their own possessions.

However, China is not the only nation to send threats. Do you know that India is the leading country having call center scams? And, the bigger problem is that they are now after the crypto investors.

Anyways, the recycling industry can be benefiting from the blockchain and companies are turning their faces to public blockchains as there is a visible maturity of the technology.