Скачать или смотреть Fake news in Crypto and the Cardano Update | Bitpanda Weekly Recap

Week of September 17, 2021

Video Chapters:
00:00​ - Market overview
00:28 - Fake news in crypto
01:23 - What Cardano's Alonzo upgrade means for you

#Litecoin #Cardano #Bitpanda

Blog: https://blog.bitpanda.com/what-cardan...

▬ Market cap, Bitcoin dominance & Fear and Greed Index ▬▬▬▬▬▬▬▬▬▬▬▬
After last week's swing from greed to fear, the Index turned neutral again. So we’ve seen a slight turn into a more bullish sentiment.
Let's also look at the top moving assets over the last 7 days on Bitpanda so you’re in the know before you start investing:

Sources: https://alternative.me/crypto/fear-an...

▬ Fake news in crypto ▬▬▬▬▬▬▬▬▬▬▬▬
You know we’re never going to stop telling you to do your own research before investing in any asset, right?
Well, this week's fake news around Litecoin’s payment integration at Walmart is a great example of the impact of this type of news and the impact of social media on the financial markets, crypto in particular.
What happened? CNBC, Reuters, Yahoo and others reported on Monday that Walmart was planning to offer a “Pay with Litecoin option” for its retail websites starting on the first of October. The reports seemed to spawn from a single press release through the distribution service GlobeNewsWire. The release claimed that Walmart had chosen to adopt LTC for payments based on its “cheaper and faster” features and with it having “no central authority.”
After the fake announcement on Monday, Litecoin’s price jumped by more than 30% within minutes following the news reports.
However, according to CNBC, a Walmart spokesperson confirmed the press release was “not authentic” roughly an hour after the initial report broke.
So again, do your own research!

▬ What Cardano's Alonzo upgrade means for you ▬▬▬▬▬▬▬▬▬▬▬▬
Cardano has announced the completion of its Alonzo hard fork this Monday, ushering in its long-awaited smart contract function.
Smart contracts are self-enforceable and immutable contracts written in computer code, and this function is set to open a new and broad range of possibilities for the Cardano blockchain, not just including payments and peer-to-peer transactions, but also crowdfunding, auctions and more.
This also means that DApps (decentralised applications) will be able to run on Cardano for the first time. So, this update is paving the way to making traditional financial products like loans or insurance possible without having a central controlling entity.
This will be seen in everyday applications which are available to everyone, in line with Cardano’s goal to bring blockchain technology to the masses.
Cardano and Ethereum have been often compared to each other. However, thanks to the Alonzo hard fork, Cardano, which was once considered just another potential competitor, could now be set to evolve into a serious contender to Ethereum’s leadership.

Blog: https://blog.bitpanda.com/what-cardan...


▬ About Bitpanda ▬▬▬▬▬▬▬▬▬▬▬▬
Bitpanda is a fintech based in Vienna, Austria and was founded in 2014 by Eric Demuth, Paul Klanschek and Christian Trummer. Bitpanda has 3 million users and more than 500 team members. With a PSD2 payment service provider licence, state-of-the-art security and streamlined user experience, Bitpanda has grown into a popular trading platform for newbies and experts alike. The goal is to tear down the barriers to investing and personal finance through digital assets and blockchain technology like cryptocurrencies, precious metals, fractional stocks and ETFs and to bring traditional financial products into the 21st century.

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