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Binance looking for regulatory paradise, Dubai’s Bitcoin ATM goes bust and more

Ketaki Dixit

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Binance looking for regulatory paradise, Dubai's Bitcoin ATM goes bust and more

Crypto News – 22nd March

Cryptopia on lost funds: Cryptopia sent a mail to all their customers, detailing the current situation of the exchange. The introduction of the mail reassured customers that the organization was “100% committed” to re-open their platform for business.

Read more on https://bit.ly/2Jwm4Cv

World Wire-MatchMove partnership: A partnership between World Wire and MatchMove was finalized on March 19, 2019. This will allow MatchMove to access a single unified network for foreign exchange and cross-border payments.

Read more on https://bit.ly/2U2blDF

Prominent trader on XRP: Peter Brandt, the author of Diary of a Professional Commodity Trader and an old school trader, posted his technical analysis of XRP with a few controversial statements.

Read more on https://bit.ly/2FoC1oN

Alexander Vinnik extradition request: Vinnik, who has been detained in a Greek jail for the last 19 months, has requested for extradition to his homeland, Russia.

Read more on https://bit.ly/2Hzt5Rg

Vitalik Buterin on Ethereum: Vitalik said that the initial conception of Bitcoin sidechains was that it was “going to kill Ethereum”.

Read more on https://bit.ly/2YfO3JV



XRP listed on Bitbuy: The exchange announced that XRP can be now traded with Canadian dollars [CAD]. The exchange also revealed plans of adding Bitcoin [BTC] soon.

Read more on https://bit.ly/2unLBTT





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Ketaki Dixit is a Journalism major from Jain University. She has about 1-year experience in the field and is passionate about blockchain technology and the cryptocurrency world.

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Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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