Bitcoin Course, Fraud and New Opportunities – The Situation on Wednesday | BTC-ECHO
Since the Bitcoin price hit the $ 10,000 mark on July 23, doubts have returned to the emotion-driven crypto scene. Relevant channels report in capital letters from the DOWNTREND and do not ask themselves for the first time: where is the journey going? Is that the Bull Run? Or can that go away? Let's take a look at the ecosystem. The situation on Wednesday.
Bitcoin price falls, fraud reports are piling up
The volatility of the Bitcoin rate is higher than it has been in a long time. The price of the leading cryptocurrency by market capitalization fluctuates continuously – just the $ 10,000 mark seems to annoy investors. But even the reports of fraud in the ecosystem do not break off. So the Causa Plus Token is still not clear. While the operators are said to have disappeared with three billion dollars, they claim in social media channels repeatedly that everything would soon be better. However, we still receive reports of bogus users who have no access to their Plus tokens. The plus token rate is loud Coingecko but at $ 0.00.
Speaking of rumors: Justin Sun, the founder and operator of the crypto-currency project TRON, is said to have canceled his date with Warren Buffet because he is not allowed to leave China right now. According to unconfirmed reports, he is being investigated for money laundering and fraud.
In addition, investigations are still ongoing against the Bitcoin exchange BitFinex and its sister company Tether. The two are said to have embezzled millions of dollars and are therefore charged by the US Attorney's Office. The defense strategy of companies is currently saying that they plead "not guilty". The argumentation of the defense indicates that they had contractually excluded US citizens.
But the law enforcement authorities can evidently also show (small) successes. For example, the alleged operator of the Bitcoin exchange btc-e.com was recently arrested. Nevertheless, the case still has many ambiguities. It is unclear, for example, whether he operated the relevant stock exchange without any doubt. In any case, the stock exchange is said to have been doing money laundering worth US $ 4 billion.
These cases show again that the Bitcoin ecosystem lacks overall trustworthiness or security. Evidence of this is also the recently discovered data leak on the Bitcoin exchange Quickbit. This is apparently so large that not only customer data but also passwords have been disclosed.
A token for every front door: BaFin approves second STO
As can be seen from the fraud cases, it is not difficult to look for negative impulses for a poor performance of the Bitcoin course and to find them. Nevertheless, the ecosystem continues to grow, opening up new options, especially for investors. For example, the German Federal Financial Supervisory Authority (BaFin) has waved through the second security token offering on German soil.
The Fundament Real Estate Token should make it possible in this context to buy blockchain-based real estate securities. In fact, the launch is a small revolution in the land of investors. After all, the real estate market is considered to be relatively illiquid, which should change as a result of tokenization. In addition, the token-related denomination of the real estate or real estate portfolio makes it possible to invest in real estate as well: a token for every door.
Bitcoin Course: Are the Bulls Already Buried?
So if you want to invest in real estate via tokens, this can easily do it. But also the Bitcoin price or its future performance should not be completely neglected. Finally, the blockchain company Bakkt is distributing tasty bull fodder for their physically backed BTC futures. Again, we are dealing with an innovation. Physical protection promises a trading vehicle that has a direct impact on the Bitcoin price using traded volume.
By the way, for those who have completely lost faith, there is now a way to catapult their capital directly into space. Because the blockchain start-up Diana wants to tokenize the moon. Crypto-classical via ICO you can invest here in moon land. Aluhut put on and off to the moon!
Watch out: The cryptocompass is the first digital magazine for digital currencies and blockchain assets. It provides you with monthly exclusive assessments, exciting insights and comprehensive analyzes of the current situation at the Blockchain & Krypto markets. Only now and only while supplies last: Monthly subscription incl. FREE Bitcoin whitepaper (German version printed)
Be sure not to miss any important news related to Cryptocurrencies! Follow our news feed in the way you prefer; through Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). Bitcoin never sleeps. Neither do we .