Bitcoin [BTC]: experts expect 20% of exchanges to be compromised to a hack by 2020, says report

2019-4-20 03:30

Bitcoin [BTC], the largest cryptocurrency by market cap, saw a drastic price drop through-out 2018, with the coin even losing over 80 percent of its value since its all-time high. A report released by Adamant Capital listed a few major catalysts that could influence a price drop of the largest coin.

The first reason stated in the report was the hack of exchanges or its failures. The report stated that “experts” were concerned about Bitcoin exchanges as they expect around 20% of the exchanges being compromised to a hack before summer 2020. The report said,

“While cryptocurrency custodians were perceived to be the least risky, our experts still estimated that before the summer of 2020 an industry wide 10-15% of custodians would suffer from loss of funds due to a hack”

Source: Adamant Capital

The second reason for the slump was stated to be a macro-economic downturn. The report stated that Bitcoin has “relatively” high liquidity, which could be used as a proxy for cash if equity or bond markets were to drop. It said,

“This could lead to a situation similar to the 2008 paradox of the gold price declining by over 30% coinciding with a record high demand for coins and bars […] we don’t see a financial crisis as a long term headwind for Bitcoin, on the contrary […] we believe that Bitcoin is of compelling value for investors looking to diversify their portfolios […]”

The report further listed Bitcoin miners and Mt.Gox to also be one of the main catalysts. Mt. Gox, a defunct Bitcoin exchange that controlled over 70% of Bitcoin transactions, was still undergoing its civil rehabilitation proceedings. The report stated that a significant amount of the Bitcoin that would be redistributed by Mt. Gox to creditors could be sold, thereby influencing the price of the coin. It added, “Finally, a regulatory crackdown should be considered a permanent risk factor, given the disruptive nature of Bitcoin.”

The post Bitcoin [BTC]: experts expect 20% of exchanges to be compromised to a hack by 2020, says report appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95292.38 (-0.70%)
Объем 24H $41.904b
Изменеия 24h: -2.23 %, 7d: -7.32 %
Cегодня L: $95217.68 - H: $97458.26
Капитализация $1886.758b Rank 1
Цена в час новости $ 5274.01 (1706.83%)

report bitcoin btc largest drop says price

Источник: ambcrypto.com

report bitcoin → Результатов: 126


Bitcoin’s Correlation With Other Risk Assets To Watch For In 2023, Report Suggests

A report suggests that Bitcoin’s correlation with other risk assets could be relevant going forward into the next year. Bitcoin Moved Tightly With US Stock Market During Last Week’s Volatility According to the latest weekly report from Arcane Research, signals from the Federal Reserve could be something to pay attention to in 2023 as well. […]

2022-12-21 15:06


Фото:

5 Chinese-Based Entities Control 49.9% of Bitcoin (BTC) Hash Rate: TokenAnalyst Report

According to the latest report of TokenAnalyst, Bitcoin is more centralized than ever before. Bitcoin a decentralized and nearly trustless system to transfer and safely store value. But in 2020, it has started to “become a highly centralized system that places an increasing amount of trust in a small number of large entities.” The report […]

2020-2-2 00:16


Фото:

New Bitcoin ‘ATHs Possible in 2019, Likely in 2020’: Report

On Friday, Ikigai Asset Management founder and CIO Travis Kling released an incredibly detailed report which makes a strong case for Bitcoin price achieving a new all-time high in 2020. The Devil is in the Details On Friday Ikigai Asset Management released its tenth monthly crypto and traditional market update and the report was filled with some intriguing Bitcoin price action observations.

2019-8-3 22:30


Mueller Report: Russia Funded U.S. Election Snooping, Manipulation with Bitcoin

By CCN. com: It is no news by now that the long-awaited Mueller Report has revealed extensive Russian efforts to interfere with the 2016 U. S. presidential election. While much attention has been focused on whether or not president Donald Trump was in any way complicit with these efforts, what is less reported is that the report showed that state-backed Russian operatives used bitcoin extensively in their attempts to impede Hilary Clinton and help Donald Trump’s campaign.

2019-4-22 09:46


Major Bitcoin Exchanges Turn Blind Eye to Wash Trading: Bombshell Report

According to a report from CoVenture, a venture capital and technology firm, an uncomfortable number of major Bitcoin exchanges engage in some form of volume manipulation, at least indirectly. Primarily, the report deals with “wash trading,” which they define as: “hen a trader/s places a buy and sell order at an identical price without changing ownership of the underlying asset.

2019-2-26 23:20


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Is the Altcoin party over? Bitcoin dominance threatens alt sector!

Positioning for altcoins? These bearish signals call for caution.  The altcoin season index slipped below 50%, marking a new monthly low.  Altcoins are in massive discounts after the recenThe post Is the Altcoin party over? Bitcoin dominance threatens alt sector! appeared first on AMBCrypto.

Fantom breaks $1: Will FTM continue its bullish trend towards $1.50?

Fantom’s price surge is supported by strong network growth and key resistance targets near $1.50. Technical indicators and market sentiment highlight cautious optimism for sustained upward moThe post Fantom breaks $1: Will FTM continue its bullish trend towards $1.50? appeared first on AMBCrypto.

Why Ethereum Classic could be setting up for a 20% price jump

On-chain metrics revealed that exchanges have experienced a substantial $22.85 million worth of ETC outflow. ETC long/short ratio indicating strong bullish sentiment among traders. ETC, the The post Why Ethereum Classic could be setting up for a 20% price jump appeared first on AMBCrypto.

XRP whales buy the dip - Analyzing impact on price action

XRP has declined again after a slight rebound in the last trading session. Whales remained in the accumulation mode despite price decline. Ripple's [XRP] recent price decline has caught the The post XRP whales buy the dip - Analyzing impact on price action appeared first on AMBCrypto.

Toncoin 'tops' the social charts! How can TON's price benefit from it?

Toncoin rose to the top as the coin with the highest social and market activity in the last 24 hours Worth evaluating whether these findings can influence TON's short-term or long-term bullish The post Toncoin 'tops' the social charts! How can TON's price benefit from it? appeared first on AMBCrypto.