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Can Bitcoin Gold Replace?

As Bitcoin (BTC) is becoming more and more an alternative to traditional beings, people are starting to think more often about people. Well, if Bitcoin takes over the hegemony of gold, what is the value of Bitcoin?

Bitcoin with Six Numbers

According to HodlWhale, a Seattle-based crypto-currency investor, BTC can be worth $ 350,000 in a world where Bitcoin dominates the value of its circulating gold.


This figure is not completely unfounded. All circulating gold is currently estimated at around $ 7.83 trillion, and all BTC is worth $ 94 billion. Second, Crypto Voices, an industry analytics and research group, predicted that HodlWhale could be worth a little over the BTC estimate and worth $ 450,000, if the latter would replace precisely the initial value.

Although this seems ridiculous, some are sure that Bitcoin will be ip digital gold ”, especially given the fact that crypto currencies remain in the depths of a ruthless bear market.

Can Bitcoin Replace Gold?

A few days ago, Adamant Capital, a Bitcoin-based fund led by the longtime investor Tuur Demeester, published a report on the current state of the crypto market. Following a statement that the bek whales led are collectively collecting crypto currencies, the market is' hope ini, and an additional decline is possible if conditions are appropriate, Adamant's partners have announced that they expect Bitcoin to destroy traditional assets like stores. Value and reserve assets.


The growth of Bitcoin scaling, such as the surprising growth of the lightining network and the rise of side chains; Bakkt, Nasdaq's futures and so on. it would not be wrong to argue that the institutionalization / financialization of this industry and the BTC could be an a globally used digital gold and reserve asset yoluyla.


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Ethereum News

Ethereum Developers Reveal New Ideas in PoS

Ethereum Geliştiricileri PoS Konusunda Yeni Fikirler Ortaya Atıyor

The Ethereum (ETH) blockchain, a core community of Ethereum developers gathered on May 2, said they would complete the transition to a Proof-Of-Stake (PoS) consensus algorithm by June 30th, as the core developers have pointed out.

Call every two weeks I Etherea researcher Justin Drake claims that the developers team expects to prepare code specifications for the zero phase by the end of June. Drake said:

“We still have too many ways. Still, the [code] comes from simplifications, this wonderful and fine carding process to find these latest bugs and viruses as well. "

Phase zero is the name of the first phase transition phase of the Ethereum network from the Proof-Of-Work (PoW) to a PoS consensus algorithm.

Ethereum Developers Announces New Disclosures on PoS

Phase zero offset, also known as Beacon Chain, is part of a large network transition to Ethereum 2.0, and is set to launch a new block validation system where the main role on block bids belongs to the miners instead of miners.


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Industry News

German Police Arrest 3 People from Wall Street Market, Bitcoin and Monero in Government Arrest

Alman Polisi Wall Street Marketten 3 Kişiyi Tutukladı, Hükümet Tutuklamada Bitcoin Ve Monero

Europol shut down the servers of a dark web market, along with German police, and captured suspects captured bitcoin and monero, Europol announced on May 3rd.

Wall Street Market, the second largest dark internet market in the world, was closed by the German Federal Criminal Police under the authority of the German Public Prosecutor's Office.

According to the report, the German authorities arrested the three suspects and in a number of cars, computers, six-digit (not specified) bitcoin (BTC) and monero (XMR) Along with that, they seized 550,000 euros ($ 615,000) in cash.

German Police Arrest 3 People from Wall Street Market

Europol said that Wall Street Market has more than 1.15 million registered users and 5,400 registered as drug dealers, stolen data, counterfeit documents and malware vendors.

In the same announcement, Europol officially announced the acquisition of the Finnish customs, Valhalla, a dark web marketplace, also known as Silkkitie. According to the Helsinki Times, the authorities are also on the website of the anonymous Tor network since 2013 ”An important bitcoin capture operation“ They did.

In other crime reports, the two men were recently found guilty of selling steroids and controlled substances illegally in the United States and of laundering millions of dollars in crypto currencies and Western Union payments.

In addition, a court in Toronto in early April reported to an online drug dealer that Canada had the biggest casualty ever - a $ 1.4 million bitcoin stake in the state.


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Industry News

Bitcoin Accounts for a Security Violation from Microsoft Outlook!

In early April 2019, Microsoft Hotmail, MSN and Outlook e-mail accounts experienced a serious security breach. Now, many victims reported that the crypto currency wallets were attacked during the ugly event, according to the Mainland, April 29, 2019.

Microsoft Customer Support Staff Hacked

A customer support staff at Microsoft claims that their login information was illegally obtained earlier this month. The infringement enabled the attacker to access several email accounts, including those in Outlook, MSN, and Hotmail.

The cyber criminals, who were equipped with entry details, had access to sensitive information in their Outlook, Hotmail or MSN email accounts using corporate data to enter public crypto money wallets.

For example, Jevon Ritmeester, one of the victims of hacking, said that his password on the Kraken stock exchange had been changed and that a bitcoin was stolen.

The rhythmester explained that it was not able to implement 2-Factor Authentication (2FA) on the Kraken's account and made it easier for fraudsters to steal their property because they did not have to bother to attack with SIM exchanges.

In order to facilitate their illegal activities, hackers, the victim's e-mail account, YasKrakenOtomatik implemented an email routing feature that redirects to a Gmail address that automatically checks all messages containing the keyword.

Likewise, any Bitcoin withdrawal request, confirmation and password related messages were also forwarded to the new address.

In a publication published in Reddit, Ritmeester said that Microsoft did not take the breach of security seriously and tried to cover it up. He also said he would take the matter to the police and would have to pay damages suffered by Microsoft.

It is worth noting that the Ritmeester is not alone in this strange distress. Shinratechlabs, another Reddit user, does not refer to these virtual assets, but 25.000 $ worth of crypto money lost.

Ritmeester, RI think Microsoft is trying to cover it up and not take it seriously" said. He also added:

Sorumlu I'm thinking of offering a police report and I'm thinking about holding Microsoft accountable for the financial damages and the fact that most of my personal information may infiltrate again. “


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