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Unblocked Bitcoin was the first smart thing I ever did in my career, and here’s how I started…


























Bitcoin has now died 319 times according to Bitcoin Obituaries, but like a B-movie zombie it just won’t stay down. To date, no one has succeeded in administering the fatal double tap, and not for lack of trying. Nine years on, bitcoin is stronger and healthier than ever, with a thriving ecosystem of projects under development, from sidechains to custodial and layer two scaling solutions. Only the brave or the foolish would write off bitcoin in 2018, and yet that’s exactly what so-called experts keep doing. “I thought we’d finally get rid of bitcoin,” grumbled John Crudele in the New York Post. He’s been banging the same drum for four years. “But the fake “currency,” which I like to call bitcon, just won’t fade away…Even at $6,600, bitcoin is still worth 70 percent less than it was at the beginning of the year.” He finished: I use the term “worth” cautiously because bitcoin is really worth nothing, since it’s backed by nothing or no one. It’s a confidence game that has value only because people are convincing other people that it’s worth something. Got it! Ponzi scheme. Confidence game. Fraud. Anyway, bitcoin is headed for a value of zilch. It’s only a matter of when. bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin finance finance finance finance finance finance finance finance finance finance finance finance finance finance finance finance finance finance business business business business business business business business business business business business business business business business Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Community sites Predicting Bitcoin to Go to Zero Will Send Your Reputation to Zero The Lost Art of Googling Bitcoin isn’t complicated. Merkle roots and block header pruning and UTXOs, sure, that stuff’s too complicated for your average MSM journo. But understanding bitcoin at its most basic level requires nothing more than an ability to Google. Another serving of FUD this week came from a research paper that the Bank of Finland released. The Great Illusion of Cryptocurrencies includes such observations as “cryptocurrencies are not real currencies but instead accounting systems for non-existent assets” and “For all intents and purposes, that ledger is a centralised ledger. The fact that there are multiple synchronised copies of it, distributed across a network, is irrelevant, as each one has the same data.” Predicting Bitcoin to Go to Zero Will Send Your Reputation to Zero The UK Media Weigh In Around the same time that the New York Post’s Crudele was foaming over his laptop, British tabloid The Sun was also doling out misinformation. “BUBBLE TROUBLE How Bitcoin bubble burst as cryptocurrency loses 70% value and 800 digital currencies now defunct” screeched the headline. “FEARS are growing that the cyptocurrency [sic] bubble is about to burst after it emerged more than 800 digital coins are now defunct,” read the article, conflating dead shitcoins with BTC for no apparent reason. The Independent is meant to be more reputable than The Sun, but the British media outlet also took aim at bitcoin this week. Like The Sun, its analysis was hopelessly off the mark. “Bitcoin has fallen to its lowest point since November and will probably be totally wiped out” ran the headline by associate editor Hamish McRae, “one of the country’s most respected financial journalists and commentators”. Evidently in the mood for serving some WTF with his FUD, McRae’s byline read: “Will investors’ support for bitcoin continue? The trouble is that we don’t know who owns it. A huge amount of energy has gone into uncovering ownership but most names remain concealed.” Somewhere in the midst of the rambling screed, the journalist then floated the idea that “By looking at IP addresses, it is clear that [bitcoin] ownership is very concentrated.” Predicting Bitcoin to Go to Zero Will Send Your Reputation to Zero The Independent’s financial expert ended: “The BIS [Bank for International Settlements] thinks that the decentralised nature of cryptocurrencies is a weakness rather than a strength.” Well fancy that. “My instinct is that these cryptocurrencies will disappear in a puff of smoke. I just hope too many people are not too damaged when it happens.” The thing about predicting bitcoin to go to zero is you can never be proven wrong. You can also never be taken seriously again.

Investors Are Highly Optimistic

Investors Are Highly Optimistic in Acquisition of Korea’s Largest Crypto Exchange : Read The Reason

On October 12, CCN reported  that Bk global consortium, the parent company of Singapore-based Bk Medical group, has acquired a 50 % stake in Bithumb, South Korea’s largest crypto exchange.
Kim Byung-gun, a prominent cosmetic surgeon and blockchain investor, finalized the deal between Bk global consortium and Bithumb, officially acquiring the leading cryptocurrency trading platform at a valuation of $350 million.
Investors extremely Optimistic in the Deal
For many years, despite 3 high profile security breaches that have led to the loss of tens of millions of dollars in user funds, Bithumb has been able to secure its position as the most dominant digital asset trading platform in South Korea alongside Upbit.
In late 2017, Dunamu, a subsidiary of Kakao, the largest internet conglomerate in the country that has over 80 % market share in fintech, payments, online stock brokerage, ride-hailing, and messaging, launched Upbit to compete against Bithumb and Korbit.
Currently, Upbit is participating in a tight competition against Bithumb, usually demonstrating a higher daily trading volume probably because of its listing of more than 100 cryptocurrencies.
But, the delicate platform of Upbit, that has been audited many times for transparency and investor protection, has not been enough to overtake Bithumb and its loyal user base.
The majority of investors in South Korea stay extremely optimistic in the acquisition of Bithumb by Bk global consortium because with the deal, now every major cryptocurrency exchange in the country is operated by large-scale conglomerates.
Upbit is run by Kakao, Gopax is run by the country’s largest commercial bank Shinhan, Korbit is run by $15 billion Nexon, and Bithumb is operated by Bk.
One commonality amongst major cryptocurrency exchanges operated by leading multi-billion dollar conglomerates is that none of the platforms have experienced security breaches and successful hacking attempts. Korbit, Upbit, and Gopax haven't been hacked in their totality, because of their focus on security and investor protection.
For conglomerates in South Korea, it's of utmost importance to safeguard their name value and brand image because of the psychology of local investors. More often than not, when a local conglomerate begins to demonstrate a downtrend and loses the support of local consumers, it fails to survive in the long run.
With the involvement of Bk, investors are anticipating a re-established concentrate on security, internal system management, and overall improvement in investor protection, which will help legitimize the cryptocurrency exchange market of South Korea.
Prior to the acquisition of Bithumb by Bk, the publicly listed exchange was owned and operated by a talent agency and a couple of non-finance connected businesses, which led investors to speculate that the exchange was being forced to maximize profits at the cost of security and system stability.
What Investors can Expect Next
Binance and Upbit have recently revealed  their plans to expand to the cryptocurrency exchange market of Singapore, following the decision of the govt. To provide stable banking services to crypto-related businesses and develop the local blockchain industry.
Given the strong connections of Bk with the Singaporean market, investors are expecting Bithumb to expand its services to Singapore within the months to come.

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