i prepare this news artical from#(https://news.bitcoin.com/week-bitcoin-keep-calm-hodl-hard/)#
Doomsdayers marching through main street; Paul Krugman being Paul Krugman; Tether upto its standard traps and the typical array of tricks, plans, and squeezes. It's been passionate. It's been nerve-wracking. But at the same time it's been an aggregate uproar. Welcome to This Week in Bitcoin.
We’re All Gonna Make It
It’s too soon to say we’re out of the woods, but the blood-letting has at least been stemmed long enough for us to be able to glance at our portfolios once more. The past week in bitcoin has frequently felt like a titanic battle of good vs evil, or rather gloom vs cheer. Every glimmer of good news that’s emerged through the clouds has been drowned out by a sudden deluge of grim tidings. So far, evil seems to have had the upper hand, but like any good fairy tale, the forces of good will ultimately prevail. First though, there’s a white knuckle, heart-racing journey to endure laced with sporadic bursts of pain.
This week’s biggest stories haven’t always made for cheerful reading, but they’ve certainly been captivating, and have predictably been interpreted through the lens of the current mood. Facebook banning crypto ads, most would say, is surely for the best, as if there’s one thing the world doesn’t need more of it’s scammy ICOs preying on the gullible. Some media outlets portrayed this as further evidence of a crypto crackdown, and even suggested it was the reason for the market downturn. They were wrong, although quite what caused this week’s slump is a matter of some debate, which we’ll get to shortly.
Keep Calm and Hodl Hard
Indeed, even the most skeptical of productions didn't figure out how to depict Samsung's entrance into the ASIC mining business or Square propelling its bitcoin purchasing administration as anything other than uplifting news. South Korea bringing a conclusion to mysterious cryptographic money exchanging can likewise just be something worth being thankful for if the expanded straightforwardness helps settle controllers. These bullish stories were generally muffled however by the bearish news that Tether had separated ties with its evaluator and been subpoenaed by U.S. controllers.
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