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 | | | | | | 1. Another so-called creator of Bitcoin has come forward. This time it's a British man, with a background in IT, who works for the U.K.'s National Health Service (NHS) by the name of James Bilal Caan. According to Caan, he created the popular cryptocurrency, but "lost" the early coins - now worth $8.1 billion - after losing the original hard drive they were on. Caan explains that when he sent off his laptop for repair that's when his misfortune began. He said that he was "overly confident" that the repair people wouldn't have access to his HDD data, but that when his laptop was returned it contained a new HDD minus his Bitcoins. According to the report, Caan's claim doesn't ring true. For instance, it points out that someone with an IT background wouldn't send off their laptop for repair. In addition, the released photo of Caan is another red flag, the article states, as it looks as though it's been created using artificial intelligence (AI). Caan is one of many that claim to be the creator of Bitcoin. Australian academic Craig Wright is another. –THE SUN |  |     | | | | 
Earn money by sharing your space. Millions of travelers stayed in an Airbnb last year. Turn your extra space into extra money. Learn More | 3. Throwback Thursday: Crypto Market Hits "Panic Mode" Last August, the crypto industry saw prices plummeting amid a massive market selloff. At the time, Ethereum fell nearly 20 percent in value in 24 hours, dropping to around $262, whereas Bitcoin was down seven percent to just over $6,000. According to analysts, the industry had hit "panic mode." Following the boom in initial coin offerings (ICOs) during 2017 and into 2018, as a way of raising funds for various projects, analysts linked the market decline to the liquidation of funds. As a result, companies were taking measures to sell the Ethereum raised, which saw it falling to its lowest price in a year. One Twitter user posted a tweet that showed the net losses of various altcoins over a 30-day period. At the time, NEO was down the most at 54.43%, followed by XRP at 40.60%. One investor who had got into the market at the end of January following the December bull run, which saw Bitcoin rise to $20,000, posted their woes on Reddit. Their initial investment of $25,000 across a variety of coins soon dwindled to around $5,000. | | | | 4. American stockbroker Peter Schiff has said that Bitcoin will never reach $50,000. The proclamation was made on Twitter in response to Tom Lee, co-founder of Fundstrat Global Advisors. Lee was responding to a CNBC video interview of Schiff where he claimed that gold would reach $5,000 in two years. Lee replied: "hahaha. This is hysterical." Hitting back, Schiff pointed out Lee's previous $50,000 price target for Bitcoin by the end of 2018, which didn't come to fruition, adding that gold will eventually hit $5,000. "Bitcoin will never hit $50k," Schiff said. Earlier this month, the stock broker argued that CNBC was "devoting" more airtime to Bitcoin than gold. –DECRYPT |  | | | | | | | |
