12.08.2020

Chainlink Success and Other Crypto News for April 1-15, 2020

Will Chainlink Smash Bitcoin?

Ok, we know what you’re thinking. How can some one-dollar-worth Ethereum token compete with BTC? Well, my friend, shift happens! This explosive cryptocurrency recently set its all-time high and delivered an amazing trading volume shift. 

According to Messari’s Real 10 crypto volume index, LINK trading volume has surpassed all altcoins’ and displayed strength to Bitcoin’s. On April 14, Messari founder Ryan Selkis shared volume stats.

News for April 1-15 2020

The systematic break through resistance levels has been feeding the bullish trend from the moment the coin began to rise from $2.20 at the beginning of last week. 

Bitcoin Post-Halving Price Predictions: No Moon but Mooning? 

All eyes are on the arriving BTC halving that will reduce the reward for one mined block by half. 

Crypto experts rub their crystal balls trying to predict how this event will affect the value of the leading cryptocurrency. Andreas M. Antonopoulos, a Greek-British Bitcoin advocate, thinks forecasts shouldn’t be based solely on the influence of halving, as the coin’s value is determined not only by internal technical factors but also by the general market mood. 

Another crypto enthusiast Tony Weiss predicts that BTC price might fall to a minimum of $ 1.000 by the end of the year. Obviously, even experts don’t know “When Moon”, but you still can indulge yourself in more bullish BTC price predictions.

When mooning

Experts Say BCH and BSV Halving Patterns are not Relevant for Bitcoin

Every coach analyst is trying to find parallels between the recent halvings of two Bitcoin forks and the May BTC halving. According to Coin Metrics statistics, the Bitcoin Cash and Bitcoin SV hashrates fell up to 73% immediately after the event; currently, they are still 50% less than the average levels in 2020. 

Due to the specific recalculation mechanism, BCH and BSV’s remissions also sank below the expected levels of about 1.75%. After its 2016 halving, Bitcoin neither experienced a similar drop in hashrate nor showed signs of emission volatility. Сheckmate, haters! 

Lawsuits against Binance, KuCoin, BitMEX and Other Big Names In The Business

Something is rotten in the state of Denmark. To be more precise, 42 companies registered in more than 15 countries are having “a little brush with the law”. OffshoreAlert was the first to publish at least 11 class-action lawsuits that were filed against large crypto firms and individuals offering unregistered services. 

All claims were filed by the same firm by the name of  Roche Cyrulnik Freedman affiliated with Selendy & Gay PLLC. These cases can help resolve some questions about the laws regulating the sale of tokens in the United States since this service is emphasized in the statements. 

News for April 1-15 2020

The compensation requested from the self-proclaimed Bitcoin creator, Craig Wright, exceeds $5.1 billion in BTC, excluding additional losses. The suits also mention the following industry-famous personalities: Dan Larimer, Changpeng Zhao (CZ), Vinny Lingham, Arthur Hayes, and Brendan Blumer. The allegations are also directed at companies and projects such as Binance, KuCoin, Bitmex, Tron, Block.One, and Kyber Network.

Scammers Suffer from COVID-19

According to Chainalysis, the fraudsters’ income was $ 800.000 in mid-January and fell below $300.000 in early April, all due to the pandemic. 

The number of people who fell victim to scammers has not changed. Researchers attribute this to the recent lows in the crypto market, and therefore the usual earnings of scammers fell in price along with the price of crypto. COVID-19 provided crypto scammers with new ideas for phishing and blackmail but erased 33% of their revenue. Serves them right! We’d like to think people involved in Ponzi schemes and investment scams don’t get welfare.

Toilet Paper Coin and Other April’s Fool Day Pranks

We are not big fans of toilet humor, but on April 1, 2020, the toilet paper issues some people seemed to experience seemed hilarious to the crypto community and the whole of the self-isolated world. CoinMarketCap was the first to create an April’s Fool prank by listing ‘Toilet Paper Token’ that even could beat Bitcoin in terms of 24h trading volume. Naturally, the circulating supply of the token was ‘out of stock’. 

News for April 1-15 2020

Enjoy your day and have fun reading the Cointelegraph article about how Satoshi predicted the COVID-19 outbreak.

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