Crypto markets have taken a beating over the past week due to the SEC's announcement to delay the ruling the CBOE Bitcoin ETF approval. This caused an overall negative sentiment as the community assumed that this ETF was going to be a clear win. We take a look at a possible reason as to why it's not a clear cut victory and into the recently Bitcoin Cash bug as well.
1:38 Market Overview
2:15 Bitcoin ETF Delay
4:49 Tether prints $50M USDT
8:06 99% attack resistant consensus by Vitalik Buterin
9:17 Bitcoin Cash Bug (SIGHASH BUG)
12:27 Blockchain Cruise https://coinsbank.com/cruise-europe
Articles Covered:
https://www.coindesk.com/the-sec-will-decide-on-9-bitcoin-etfs-in-the-next-2-months/
https://bitcoinexchangeguide.com/tether-usdt-market-cap-loses-300-million-usd-but-prints-50m-today/
https://vitalik.ca/general/2018/08/07/99_fault_tolerant.html
https://medium.com/mit-media-lab-digital-currency-initiative/http-coryfields-com-cash-48a99b85aad4
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I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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Blockchain needs a catalyst. The crash we see in crypto may have been caused by the news that Saudi Arabia has banned trading cryptocurrency. Did no one connect these dots other than me?
Many nations are banning, suspending or becoming hostile to cryptocurrency. As this has happened the price has taken dives on that news. Saudi Arabia is a huge potential market so of course if trading is now illegal there then we could expect a big selloff.
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