He’s one of the biggest proponents of crypto currencies. For some it is a legend in the field of cryptos, for others simply a madman. We are talking about John McAfee, the founder of the antivirus program of the same name. Once again, the former US presidential candidate confirmed his Bitcoin forecast of one million dollars by 31.12.2020.

John McAfee loves to polarize. Without a doubt, he is one of the most dazzling and eccentric personalities in the crypto community. As early as July 2017, he predicted the Bitcoin price at $500,000 by 2020, which he corrected to $1 million because he hadn’t anticipated in his models that the price would develop so positively by the end of 2017. While this may sound very utopian, McAfee never tires of pointing out that this is an extremely conservative price target. BTC has reached $10.000 several times already, as you may read at this website – so it could be really possible someday.

Information about BTC:

• https://www.quantumbooks.com/business/finance/thousands-lose-money-in-crypto-margin-trading/
• https://lerablog.org/home-and-family/entertainment/why-bitcoin-slots-have-become-popular-in-the-last-years/

But this forecast seems almost harmless compared to others currently trading in the market. Just recently, Aaron Koenig threw 25 billion dollars into the game.

A few days ago, he went back to his bet. In it he mentioned that he was not the only one to see the price at one million dollars at the end of 2020. He referred to a time traveller who had been right with his forecasts since 2010. This is the self-proclaimed time traveler Luka Magnotta, who enjoys great popularity in the crypto community. He himself claims to have come from the year 2025.

1. John McAfee’s IT expertise is undisputed.
2. Nevertheless, investors should take a critical look at such price targets.
3. It’s no secret that McAfee sometimes receives six-digit sums of money for tweets.
4. Bitcoin is still a very volatile asset class. Investors should always keep in mind that the price has often fallen 50 percent and more, even in the recent past.

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It is one of the most important crypto marketplaces worldwide. Now the Binance Exchange has to admit the loss of 7000 Bitcoins. Users’ credit balances should be secure – but the hack still has consequences for them.

“I look exhausted” and “I haven’t really slept the last 29 hours”: A current Twitter video by Changpeng Zhao begins with these sentences. He is the head of the popular crypto exchange Binance and does in the article what you never really want to do as the head of a crypto exchange: admit a bigger security gap. Say that their own platform was tricked by hackers who acted “very patiently” and were thus able to take over many user accounts, among other things.

Binance also announced in a press release on Wednesday night that it had discovered a major security problem on Tuesday. Among other things, hackers could have picked up codes used to secure accounts during two-factor authentication – as well as API keys that can be used to connect Binance to third-party programs such as crypto apps. “The hackers used a variety of techniques,” writes Binance, “including phishing and virus attacks, but also other attacks.

It is said that 7000 Bitcoins – which at that time had a value of a good 40 million dollars – had been transferred from a so-called Hot Wallet of the company (to be understood here via Blockchain.com). Hot wallets are usually crypto wallets that are connected to the Internet – in contrast to so-called cold wallets. The Hot Wallet contained around two percent of the Bitcoin credit balance of the exchange, the transfer of the 7000 Bitcoins could not be stopped in time – which is a problem as confirmed Bitcoin transactions cannot be reversed.

More on BTC

1. http://elnuevoliberal.com/es-legal-el-juego-de-bitcoin/
2. https://www.ngeeks.com/los-casinos-de-bitcoin-estan-en-auge/
3. https://about.me/jarusm

Binance is one of the world’s most popular crypto exchanges. The company was founded in China, but is now based in Malta, among other places. Like other crypto exchanges, Binance enables users to easily trade crypto currencies such as Bitcoin, Ether and Ripple. Real-money deposits by credit card are also possible. However, the crypto credit balance that users have in their accounts is practically always available on the stock exchange – unlike when users manage their crypto currencies themselves and under their own responsibility.

“Injured”, not broke

Binance emphasizes that the stock market balances of Binance users are not affected by the incident. A fund set up for emergencies called Secure Asset Fund for Users (SAFU) will be used to cover the loss. According to the platform, ten percent of all transaction fees received by Binance have flowed into the fund since July 2018. According to Binance, the fund’s money is in a cold wallet. One is “injured”, but not broke, Changpeng Zhao wrote on Twitter.

As Changpeng Zhao also says in his video, the hackers succeeded in tricking the stock exchange into carrying out security checks. Binance now wants to carry out a security check on its system. It is expected that neither withdrawals nor deposits will be possible on the platform for a week. A press release says: “Please understand that hackers may still be controlling some user accounts in the meantime and using them to influence prices”.

• In his Twitter video, Changpeng Zhao advises users of his exchange to rebuild their two-factor authentication and API key.
• In principle, a password change would also make sense – possibly on other websites, too, if they used the same password as Binance (which is not recommended).

As a rule, Binance users should be suspicious and cautious these days – as they are elsewhere – if they are contacted by alleged Binance support staff, for example in forums or chat groups. These are fraudsters. In view of the news of the hack in particular, criminals could have a good chance of persuading unsettled users to provide them with account access data, for example.

It’s hard to believe that the Binance stock market is just two years old. Especially when we consider the steep development of its growth and its dominance in the market. The introduction of margin trading is now intended to further strengthen this position.

While other exchanges such as BitMEX or Bitfinex already offer margin trading, Binance has access to a much larger existing user base. But what impact will this move have on the cryptographic markets?

What we know so far

The first indications of margin trading on Binance appeared in a tweet on 24 May. In this tweet, Binance gave an insight into its new user interface with a screenshot post. However, a clearly visible button for margin trading attracted more attention than the new user interface.

Margin trading offers the possibility of borrowing funds to make larger trades with the aim of increasing your profits. However, it is well known that this leverage works in both directions, as the increased chance of profit is accompanied by an increased risk of loss. As the crypto markets are known to be volatile, margin trading here is all the more risky.

Therefore, margin trading is only for experienced traders who are looking for a healthy risk/loss ratio in their trading strategies. As borrowed funds are subject to interest, margin trading is usually most effective for short-term transactions.

Not too many details about margin trading on Binance are known yet. The only certainty is that it will be introduced soon. However, it is still unclear how much leverage will be provided and to which crypto currencies margin trading will be applied.

Does this herald an unprecedented Altcoin season for Binance?

Given the current bull run, driven by the Bitcoin price, which is increasingly attracting trading activity, Binance’s move could now be the catalyst for an unprecedented Altcoin season. The indicators are already there. For example, the interest of Google’s Altcoin searches is already at the level of the last bull run at the end of 2017, also driven by the Bitcoin price. According to CoinMarketCap, the global market capitalization of all crypto currencies in November 2017 was about the same as today. Bitcoin held a similar market share.

• In 2017, however, the crypto markets did not yet have the maturity stage they now have. The options for margin and derivatives trading were significantly lower than today. As margin trading increases purchasing power, it is often used to diversify portfolios as a strategy to offset the risk of loss. This could be good news for the Altcoins as stock market users look for new channels to generate trading profits.
• The ability to leverage profits from old coins such as the BNB token or other rising stars has the potential to attract more traders. It could open the crypto markets to traders from traditional markets such as Forex, where the margin helps to exploit smaller market movements than we normally see in the volatile crypto markets.

Could the Bitcoin price be threatened by margin trading?

On the other hand, margin trading enables short selling and in the past, many believe it was responsible for the sharp drop in the Bitcoin price. However, this is a questionable assumption. Short selling takes place in traditional markets and should contribute to overall stability. After all, betting in the market works in both directions to balance each other out.

In addition, market manipulation by traders in crypto has proven to be widespread. For example, bots are used for was trading to artificially inflate trading volume. Binance CEO Changing Zhao (CZ) has previously commented on the exchange’s policies and practices on wash trading and other market manipulation tactics. He stressed that independent researchers have found no evidence that such machinations take place on Binance. A recent report by Bitwise aims to confirm CZ’s position that its exchange is free of wash trading.

In conclusion, there are some strong signs of a promising old coin season. With the new margin trading offer, Binance seems to be seizing the opportunity to fuel the whole thing and at the same time further expand its market dominance. However, it is also inevitable that the markets will always go up and down. What is important at this point is that Binance’s entry into margin trading shows that the crypto financial markets are being redirected to the market.

While Bitcoin and Co stagnated in January, February showed an interesting upward trend so far. The temporary low point of Bitcoin was not reached until November 2018. But since the end of January, a clear increase can be seen. However, this development is not limited to a crypto currency. Ethereum (ETH), Bitcoin Cash and EOS have also made gains on the markets.

But what influences the price performance of Bitcoin and Co at all?

Let’s first analyse the Bitcoin bubble. The enormously rapid growth had reached its peak. As a result, there was a price correction. The chart showed a clear downward trend. Now the question arises whether the crypto currencies have grown up. If these are used more in daily life, then other online casinos would certainly also allow paying with Bitcoin and Co. Some virtual casinos have already added crypto currencies to their payment methods.

How has Bitcoin developed over the past years and months?

A review of the last three years shows an amazing chart. In March of 2016, Bitcoin was largely unknown. Its value was just under 376 euros. A creeping rise set in motion. In April 2017, the value of a Bitcoin was already 1,125 euros. In June of the same year it was already 2,323 Euros. And in December 2017 the probably best known crypto currency reached its peak. A virtual coin was worth 12,255 Euro at this time. But at that time the bubble was so bloated that it simply had to burst. Just two months later, in February 2018, the price was still 7,582 euros. In June last year, the price stood at 5,817 euros. And even from October with 5,590 euros it went further down to December, where the value finally came to 3,247 euros.

Even if we restrict ourselves to the past year, there is still a clear downward trend to be seen. On 26 February 2018, the share price finally stood at EUR 8,642. And on 18 February 2019 it was only 3,350 euros. But the Bitcoin has apparently passed its low point, as the ARD stock exchange reports. On December 10, 2018, the virtual currency suffered its lowest value in recent years at 2,953 euros. The chart temporarily dropped again to 3,001 euros on 28 January 2019. But in recent weeks the price has risen again by several hundred points. Is the Bitcoin now steadily rising? Perhaps the crypto currency will face healthier growth than it did at the end of 2017. But there are also uncertainties. Because the Bitcoin is not without competition.

Flying high: The peak value of the Bitcoin was 12,255 Euros. At the beginning of 2016, buyers paid only 376 euros. Those who entered the market with 10 coins at that time, i.e. had invested 3,760 Euros, were able to sell their system again with up to 122,550 Euros.

Why does the Bitcoin Chart currently point upwards?

The development of the past was marked by great enthusiasm. A new payment method had emerged that could revolutionize the payment process on the Internet. However, the further development of Bitcoin could not keep up with the upturn in the market. Currently the situation has cooled down. A slight increase can currently be recorded. This is based on the American bank JP Morgan. This is because a related technology is currently being used there. In the last week the bank had announced that in the future it wanted to rely on a specially developed crypto currency. This will enable payments between business customers to be processed. This news has provided the market with fresh impulses. The newly created currency runs under the name JPM Coin.

Not only the Bitcoin has increased in the past month. The litecoin most likely gained in value with over 40 percent. Ethereum also increased by more than 20 percentage points. Monero ranks just below. Only then does the Bitcoin itself come with an increase of 10 percent. Finally, Ripple is mentioned, which can only be found just above its starting position in the 30-day interval. With a total of more than 70 crypto currencies on the market, it is ultimately not at all certain which currency(s) will prevail the most. Bitcoin is clearly ahead of Etherum in terms of market value, which in turn moves just ahead of Bitcoin Cach. In terms of market capitalisation, Ripple is in third place, behind Bitcoin and Ethereum.

Bitcoin Casinos: Where can I pay with the crypto currency?

Did you know, that there are even bitcoin cards? Check the article at southfloridareporter.com for more info. Those who call Bitcoins their own cannot only use them as a financial investment. The virtual currency serves a purpose. It can be used to pay online – for example the online casino. DrückGlück, for example, already announced in January 2018 that it wanted to use the Bitcoin for deposits and withdrawals. Wunderino can also pay with Bitcoins using the Cubid payment method. However, the available payment methods often depend on the customer’s location. If you want to play from Germany, you can find completely different payment methods than a player from Denmark. If the upward trend continues, it can be assumed that other casinos will offer crypto currencies for payment.