The past week had some bad news and frustrations in the cryptocurrency world. In particular, Bitcoin had a rough week. It is down about 9 percent, with a closing trading value of $6,700 at the end of April 18. Ross Ulbricht, who is the founder of Silk Road, thinks this is a bear market. He supposes the price could drop to less than $3,200. It is worth noting that Ulbricht is serving two life sentences for hacking,money laundering and conspiracy to traffic narcotics.

Mike Novogratz disagrees with Ulbricht. He is the CEO of Galaxy Digital Holdings Ltd. In his opinion, there is more use of Bitcoin, including among wealthy people and in hedge fund investments. He thinks this is the time for Bitcoin.

Another thing that it is time for is national debt. The national debt of the United States has soared past $24 trillion as a result of the CARES Act. A few people think that this high debt level and the currency created through the CARES act makes Bitcoin a better buy than fiat currency.

Dan Hensley, who is a big holder of Steem, accused Justin Sun of bribing his way into a leadership role. A federal court has ordered Craig Write to deliver documents showing proof that he has lawful access to more than one million Bitcoins. Wright was previously accused of forgery and perjury.

The FBI is suggesting that cryptocurrency holders are at risk of a coronavirus scam. Scammers are trying to solicit donations and threatening to infect PCs with the virus. More than 500,000 Zoom accounts have been hacked. The platform's vulnerabilities suggest that it needs blockchain technology. John McAfee does not know what to make of the markets, so he suggests people just go buy peanut butter. The United States is warning that North Korea is hacking cryptocurrency platforms.

China is planning to do more nationwide blockchain infrastructure development. HTC's Exodus blockchain allows users to mine cryptocurrency. They can make up to $0.0038 per day. They could pay off their phones in just 176 years at that rate, making it a somewhat dubious deal.