As previously reported in our crypto news, Jack Dorsey- the CEO of Twitter, was a guest at Joe Rogan’s podcast where they discussed blockchain and crypto. Dorsey made some comments about bitcoin that are worth checking out.
Dorsey declared that he strongly believes that Bitcoin will the native currency of the Internet when he said:
“Bitcoin was something that was born on the internet, that was developed on the internet, that was tested on the internet…It is of the internet.”
Dorsey is the founder of the mobile payments company Square that allows its users to trade in Bitcoin and he claimed that the company has no intention to add other cryptos on the app. Square has been named Yahoo Finance’s company of 2018 and has previously reported that it generated about $43 million in Bitcoin for the third quarter of 2018.
During the interview, Dorsey pointed out that some banks love blockchain because of the huge efficiency it can generate for their business but it is a scary technology for some of the services behind the banks and it can also be threatening to governments as well.
He believes that the internet is currently transitioning to a system in which all of the data created can be stored permanently online and this is what blockchain helps enable. He also described the future of the internet:
“We’re moving to a world in which anything created exists forever, that there’s no centralized control over who sees what, that these models become completely decentralized and all these barriers that we, that exist today, aren’t as important anymore.”
However, some of the comments below the YouTube video appointed to Jack were focused on the right to use social media without Twitter banning people such as Alex Jones and the video has since 38 thousand dislikes.
Bitcoin (BTC) Price Holding Onto Crucial Support Levels: An Increase Is Likely
- Hourly MACD – The MACD is most likely moving back in the bullish zone in the near term.
- Hourly RSI (Relative Strength Index) – The RSI for BTC/USD has changed hands with 40 and it is currently moving higher towards 50.
- Major Support Levels – clearly the Bitcoin (BTC) price of $5,200 was followed by $5,160.
- Major Resistance Levels – now, they are set at $5,260, $5,300 and $5,330.
Bakkt Exchange Eyeing A New York License Following Launch
South Korean Exchange Coinnest Announces A Shutdown
“It is a natural result of a decrease in trading volume. Both regulatory issues and business decisions have served as a background for this decision. The cynical nostalgia and passion alone can not cope with the changes and movements of the cipher and block chain industry measured at this time."According to an official, the South Korean exchange Coinnest and its closure comes as a result of a decrease in trading volume, regulatory issues and business decisions. All of these factors have served as a background for this decision. As reported in the altcoin news section of many crypto news sites, the decision comes after a bad year for the exchange. One year ago, an executive of the firm was arrested on suspicion of fraud and was later convicted, being jailed and having to pay a 3 billion Korean won (approximately $2.5 million USD) fine. The South Korean exchange Coinnest also lost more than $5 million in a mistaken airdrop this January, which piled up to the bad news for the firm. As soon as that happened, the firm revealed that Bitcoin and other altcoins were sent to customers due to a computer error. Since then, the exchange had been trying to distribute We Game Tokens (WGT) to repay for the lost funds because of the incident. As reported by many best cryptocurrency news sites before, Coinnest was also once the third largest cryptocurrency exchange based on the domestic volume and was a popular name on the South Korean market.
Dark Web Drug Dealers Indicted After Laundering $2.3 Million In BTC
“If you are engaging in illicit activity on the dark web, you are on notice: We know how to find you. We know how to put you out of business. And we know how to hold you criminally accountable.”One of the three dark web drug dealers Ronald MacCarty used a bitcoin machine as the best cryptocurrency news sites reported, and owned a sham drug ship in New Jersey. The other defendant Chester Anderson kept a collection of crypto books at his home. They managed to launch the operation in 2016 and the law enforcement got their heads in the game in 2017 after an anonymous tipster. The bust operation was coordinated with the Operation Crypto Sweep that was launched in 2018 by the US and Canadian regulators. As the latest cryptocurrency news reported, the North American Securities Administrators Association sent 70 cease-and-desist orders to operations of fraudulent crypto companies across the United States. Dark web drug dealers and other crypto criminals got a warning from the NASAA:
“Crypto-criminals need to know that state and provincial securities regulators are taking swift and effective action to protect investors from their schemes and scams.’’
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