Positive effect on the price of bitcoin

Fundstrat and eToro: Pandemic can have a positive effect on the price of Bitcoin

Fundstrat strategist David Grider and eToro account manager Simon Peters discussed with Cointelegraph reporters about the future of Bitcoin. The main topics were how the coronavirus and the financial crisis can affect the evolution of the cryptocurrency. They also discussed how the basics of Bitcoin and half the block reward will affect its long-term prospects.

Both analysts believe that Bitcoin will record volatility of 15-20% in the short term. In the medium and long term, the effects of the economic crisis and economic stimulus measures may have a positive effect on the price of bitcoin.

“We have seen this conversion of cash assets caused by the shear, no matter what the market is. But there will come a point where, because of this increasing amount of money that has been pumped into the system, cash will lose its value. Then, as the virus reduces, and the number of new cases that are reported is reduced, the question for investors is then: “What do I do with all the money I have?” And then he could research other assets. which can be protected against inflation. Essentially, Bitcoin can be one of these assets ”

Grider concluded.

ICE founder and former CEO of Bakkt, charged with stock sales before the stock market crashes

Kelly Loefler, former CEO of Bakkt and her husband, Jeffrey Sprecher, founder and CEO of the Intercontinental Exchange (ICE), which owns the New York Stock Exchange, were criticized for selling shares immediately following a Senate private briefing on COVID- 19. Loeffler is currently a Georgia state senator. The two sold shares worth $ 1.3 million and $ 3.2 million before the general public learned about the virus and the stock market crashed.

Basically, the press accused Leoffler and Sprecher of taking advantage of confidential information to trade on the stock exchange.

In an official statement, ICE stated that Loeffler and Sprecher “clarified that those transactions were executed by their financial advisors, without the input or direction of the two” and that the transactions comply with company policies.

Interpol calls on S2W LAB services to investigate dark web

According to a press release, the International Criminal Police Organization has signed a collaboration agreement with the South Korean startup S2W LAB. They will assist Interpol in investigating the crime on darkweb.

Founded in 2018, S2W LAB has tracked large amounts of darkweb data and has established its own database. Using an AI-based multi-domain analytics engine, the company can analyze data and look for links between domains. The start-up attracted the attention of Interpol due to some of the studies published on this topic, as well as to a number of international patents obtained.

“The response to cybercrimes on the Dark Web is very difficult because of its features and the widespread use of cryptocurrencies … We will cooperate with international investigations with our technologies and contribute to the use of technology for good purposes”

said S2W LAB representative.