What's happening in the crypto-community so far? Quick News!
Bitcoin Cash vs. Bittrex
For those of us who are investing in Bitcoin Cash, I'm sure most of us have heard of the 51 percent attack where hackers stole millions of dollars in BTG from several exchanges. Bittrex has been demanding BTG to pay for the damages that the hackers had cause, but BTG stood their ground. Bittrex is currently in the process of delisting BTG from their site. https://bitcoinist.com/bittrex-delists-bitcoin-gold-after-failure-to-repay-252000-in-losses/
(ZDNet)
Changelly vs Monero
Changelly, a popular crypto-crypto exchange, withheld Monero (XMR) transactions after receiving some suspicious transactions. According to the Chief Operating Officer of Changelly, there has been many incidents where hacked/illegal-obtained coins were going through the system. From my personal opinion, it's a quick way to "clean" your crypto-money.
https://ambcrypto.com/monero-xmr-transactions-withheld-by-changelly-once-again-spokesperson-confirms/
Bitcoin???
Bitcoin lost over 10 percent within the last few days?! What's going on??? Billions of dollars were erased in an instant and has an effect on the overall crypto-market. While people are beginning to panic, I would suggest you to hold your ground and reinvest.
Kraken vs employees
I just heard about this particular news a few days ago and it was quite alarming. Apparently, the Kraken Exchange is laying off over 50 employees and there were rumors of a security breached. Of course, the exchange denies the rumors, but they did confirmed the 57 employees being lay off. For whatever reason, we do not know.
https://www.msn.com/en-us/news/msn/crypto-exchange-kraken-is-laying-off-57-employees/ar-BBMY3Lj
https://cointelegraph.com/news/crypto-exchange-kraken-denies-rumors-of-sudden-staff-layoffs-in-canada
https://www.financemagnates.com/cryptocurrency/exchange/breaking-kraken-ceo-confirms-firing-spree-in-halifax-57-staff-laid-off/
(Stephen Vanhorn/ThinkStock)
Venezuela and the Pedro
Venezuela is planning to create their own version of cryptocurrency called the Pedro due to the steadily increase of their economic decline. They claim that this would help them evade US sanctions and hopefully improve their economy. There are also rumors that Russia had decided to restructure Venezuela's debt as an "act" of kindness. https://money.cnn.com/2017/12/04/news/economy/venezuela-cryptocurrency/index.html
(FEDERICO PARRA / AFP/GETTY IMAGES)
Me too i have big lose in bitcoin because i invest bitcoin in high price last year
If you're still thinking about reinvesting, it's a great time right now when the market is still in the lows. I usually invest long-term since short-term is a bit too hectic for me. Investing is like gambling, so only bet what you can afford to bet. Also, pay attention closely to the news because it can help you get a better prediction.
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