Busha Weekly, 8th October
Cryptocurrency in the news
In the US, lawmakers now want the Federal reserve (their version of a central bank) to look into developing a digital version of the dollar. It would seem the US is finally ready to join the league of countries that are exploring digital currency
Can’t fake Bitcoin
In other news, some gold bars that have been fraudulently branded with the logos of major refineries are making their way into the global market. These fake-branded bars look so much like the authentic ones that they are oftentimes undetectable. Well, not to state the obvious, but you can’t put a fake stamp on Bitcoin, Ethereum and several other crypto coins. For bitcoin specifically, each block that’s successfully mined carries a proof of work which is authenticated by the blockchain.
If you have been following the price trend of Bitcoin, you’ll have observed that it just hit its lowest price point since the upward trend in June. It’s common practice to buy low and sell high, so if you subscribe to this school of thought, then it’s probably time to buy.
Busha lets you trade Bitcoin and other cryptocurrencies stress-free. Download the app on Android or iOS or use the web platform.
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