Altcoins Soar, Zuckerberg Turns on Charm, North Korea’s Coin: Hodler’s Digest, Sept. 16–22
Thomas Simms's original article for cointelegraph.com reduced by 57%
Top Stories This WeekAltcoins continue explosive bull run while Bitcoin stallsNot too long ago, Bitcoin diehards were warning that altcoins are dead. "The altcoin phenomenon is finished," RT host Max Keiser said in July. ETH investors were undoubtedly buoyed by news that tests are under way to improve network performance and reduce transaction fees - potentially increasing capacity by 25%.
Other altcoins in the top 20 have also had a storming week, with XRP up 14%, EOS by 4.84%, LTC by 10%, and Stellar by a head-turning 29.9%. A poll on Crypto Twitter indicates the community is divided over whether this heralds the start of an "Altseason" - but some analysts believe the altcoin bounce may indicate Bitcoin's resurgence is imminent. North Korea "In early stages of building own cryptocurrency"Not content with stealing almost $2 billion by hacking foreign banks and crypto exchanges - supposedly to fund its weapons of mass destruction program - reports suggest North Korea has started work to create a cryptocurrency similar to Bitcoin.
Tim Draper - a Bitcoin bull and friend of the Prediction of the Week section - believes his own forecast that BTC will hit $250,000 by 2022 is too conservative. Despite Bitcoin trading sideways for most of this week, the American venture capital investor said reaching $250,000 would mean BTC only had a 5% share of the global currency market - "Understanding the power of Bitcoin." Although Draper acknowledged that BTC remains difficult to use for the public at large, he believes it will become the currency of choice in the longer term as fiat currencies further become susceptible to political interference. FUD of the WeekCraig Wright asks for 30-day extension to delay 500K Bitcoin payoutThe legal team defending self-proclaimed BTC inventor Craig Wright have asked for another 30 days to settle a lawsuit involving his late business partner Dave Kleiman.
10,000 Bitcoin stronger than ever but no one seems to careDespite BTC prices remaining relatively stable, data from Google Trends suggests the number of searches for "Bitcoin" online has reached a four-month low.
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CN [too long; didn’t read]
Summarised crypto news.