[TODAY] Is there a cryptocurrency exchange that gives stimulus check?
[TODAY] On May 12, the Kospi index fell 0.68 percent compared to the previous trading day. The secondary Kosdaq also slipped 0.12 percent. The previous day, U.S. president Donald Trump said in a White House briefing that he is “not interested” in renegotiating a trade deal with China. The news elevated fear of a U.S.-China trade war, worsening an already gloomy environment for global markets. The possibility of a second wave of Covid-19 in Korea has also dragged down the market. Amid this turmoil, the cryptocurrency market also had its share of big news on May 12 — the third bitcoin halving. #Bitcoin halving spurs rosy outlooks The third bitcoin halving occurred on May 12 at 4 a.m., decreasing the block reward to 6.25 coins per block from 12.5 coins per block. Halving is not related to a supply decline in the market but simply refers to the halving of reward. So there’s no logic behind the anticipation of price hikes. However, that expectation is based on two previous instances of bitcoin halving that were followed by steep price hikes. But the long-term prospect doesn’t seem bad. It’s natural for crypto experts to give rosy outlooks on bitcoin prices, but recently a notable figure from the traditional finance circle has joined in bitcoin investment. In an interview with CNBC, Paul Tudor Jones II, CEO of Tudor Investment Corporation. confirmed he invested between 1% and 2% of his assets in bitcoin. According to Forbes, Jones’ total asset are worth $5 billion, meaning he invested $50 million to $100 million in the cryptocurrency. #Insight: Are Coinbit coins safe? An issue that stirred up online bitcoin communities, more so than the bitcoin halving, was Coinbit’s “super airdrop event,” sort of a relief grant in response to Covid-19. The company airdropped bitcoins to 30,000 users that newly joined the service and wrote comments on Coinbit’s bulletin board. But some raise doubts on the authenticity of the airdropped coins. One billion coins worth 0.1 won were issued. But only 300 million units were distributed. The value of these coins shot up to around to 500 won not long after they were issued. The origin of these coins is murky, however. According to its white book, they have a publisher which only has capital of 20 million won and has written down construction as its main business. Is it really safe to trade such a coin solely based on its price hike?