Important News About the Bitcoin Industry Author: Patrick Webber Last Updated: 27 August 2020 There is no question at this point that the Bitcoin industry is moving forward with surprising speed towards the coming decade. More and more people are seeing the value of getting involved in the world of Bitcoin and there are some news that you may find important to learn before you make your next move. It’s important to keep in mind that the news never stop coming in when it comes to this industry, so we decided to give you a rundown on some of the most relevant things that are taking place right now in this industry. Twitter involved in hack scandal Very important accounts such as that of former president Obama and other celebrities have been hacked. The problem is that the hackers used these accounts to run a cryptocurrency scam promotion and this led to many issues for those who believed they were being recommended to get involved by a celebrity. Twitter is working hard to ensure that nothing like this ever happens again but we are yet to see exactly how everything turns out in terms of the damage that may have been done to those who fell for the scam implemented by hackers. Illegal miners shut down in Iran Iran shut down over 1,100 illegal bitcoin mining projects in the country and the whistle-blowers were said to have received a reward of $2,400. Bitcoin mining requires a permit and this is the reasons why these mini projects were labelled as illegal as they lacked the proper documentation for this practice. This type of operation is being rewarded and this means that more of these illegal mines will end up being exposed and shut down by authorities. Bitcoin price sees a 1k boost Bitcoin has managed to grow even more and this is coming in a time when gold is hitting the highest value it has ever had before. It’s important to note that the number of searches on Google for the letters BTC has hit an all-time high and this means that the popularity if Bitcoin is growing stronger day by day. The value of this particular cryptocurrency is extremely appealing because you can expect your investment to grow steadily and this is shaping up to be a perfect year and perhaps a perfect decade for Bitcoin investment opportunities. This is the type of boost that can become incredibly beneficial to those who are still holding on to their coins and not selling them until they can squeeze the most out of their investment. Bitcoin SV is on the rise There are many considerations that people take before they get involved in the world of cryptocurrency, but there is no question that some coins are going to be more attractive than others. Some people in the bitcoin world are saying that bsv coin is becoming one of the best options available. The important thing when it comes to investing is to see the value of the coin and this is going to allow you to determine if the ROI is going to be worth the risks. Ultimately, this is a game of patience and holding on to your coins for as long as you can. Those who hold on the longest and predict a spike in value are the ones that end up selling for the highest profit. Mega mining farm burns to the ground This incident ended up costing an amount that is close to 10 million USD and this level of damage is definitely something that can be very disruptive for potential investors. Being able to protect mining sites with the best possible alarm systems to avoid any fires to grow and damage equipment is essential, but for some reason the level of security for this purpose wasn’t optimal. Billionaire cryptocurrency transfer takes place without a specific reason Over 1 billion worth of cryptocurrency has been transferred by someone to another account and the reasons why such a massive transaction took place is still a mystery even to experts. It’s important to note that no other cryptocurrency transfer has ever been remotely close to this one on the blockchain. The news kin this has created viral speculation topics all over the internet, but no one seems to be able to point out the exact reason why this transfer took place. A wave of investors is expected by 2021 The appeal of cryptocurrency in times of crisis seems to be going up and more people are now getting involved in this particular investment opportunity. Hopefully, this is going to continue to grow as a phenomenon and we will see exactly how things go during the coming years. One thing that is expected by analysts is that a wave of new investors is going o be coming into the world of cryptocurrencies soon and it makes perfect sense that they will be targeting the coin that seems to be the safest bet. In this case, that is Bitcoin and it will be interesting to see how much this affects the currency, be it for good or bad. More people are seeing the value of bitcoin all over the world The number of people who see the value of investing in cryptocurrencies in general is growing quite fast. This means that we may be headed into some of the best years that cryptocurrencies have ever experienced. This is going to create some interesting changes in the way that the entire Bitcoin community works and we are yet to see how this evolves, but it is a promising future for Bitcoin investments without a doubt. Final thoughts It’s very evident that the world of cryptocurrencies is becoming more profitable than ever before. This is very important because it’s very likely that more and more people will be coming on board to invest and further raise the value of Bitcoin. If you are interested in this investment, it is always a good idea to get to know as much as you can in order to make an informed decision. There is plenty of detailed information on the web to get you started on the right track.