Market Commentary On Bitcoin: Paolo Ardoino, CTO At Bitfinex – Exchange News Direct


Following Bitcoin’s volatility over the last 24 hours, Paolo Ardoino, CTO at Bitfinex commented:

 

“Cryptocurrencies have retreated today amid unsubstantiated speculation that a ‘double spend’ had occurred on the Bitcoin blockchain. In fact, what happened is that two blocks were mined simultaneously. As a consequence, there was a chain reorganization, which did not result in double spending. Those looking with glee at the sea of red across cryptocurrency markets today will come to realise that a long-term bet against bitcoin will be a losing one.”



READ SOURCE

READ  The Crypto Daily – Movers and Shakers -01/12/19 - Yahoo Finance

LEAVE A REPLY

Please enter your comment!
Please enter your name here