In a recent podcast by cryptocurrency expert Anthony Pompliano, ShapeShift founder Eric Voorhees talked about the prospects for fiat currencies, the regulation of the crypto industry, security standards (KYC) and that Bitcoin (BTC) is gradually gaining the upper hand over the existing financial system. Voorhees founded his company at the beginning of 2014 – according to him, “in order to convert bitcoins to other coins as easily as possible”. The company, originally created as a tool, has grown, and now 75 people work in it, Voorhees said. The future of fiat currencies Eric Voorhees believes that in about 20 years,…
Author: BlockchainJournal
The British crypto project Revolut announced a strategic partnership with Visa payment system – cooperation will allow the company to open access to its services to residents of 24 new countries. According to a press release, the partnership will total 56 new markets around the world. It is known that Revolut will introduce Visa cards to its customers, the payment system will allow the crypto application to offer its services initially in Australia, Brazil, Canada, New Zealand, Russia, Singapore, Japan, the United States. After that, Revolut will gain access to Argentina, Chile, Colombia, Hong Kong, India, Indonesia, Thailand, Ukraine, Vietnam,…
In the penultimate week of September, the world investment community was surprised to see what was happening in the US financial system: unexpectedly, banks felt a shortage of dollars, and on September 18, the US Federal Reserve System (FRS) lowered its base interest rate for the second time in the last two months this time. up to the interval of 1.75–2%. What is happening with the policy of the US Federal Reserve and how this situation can affect the Bitcoin exchange rate. USD deficit From September 17 to 20, the US Federal Reserve provided banks with additional liquidity in the…
The Bittrex crypto exchange announced its intention to launch the new Bittrex Global trading platform in Liechtenstein. According to a press release, the launch of Bittrex Global will take place in late October, in the capital of Liechtenstein – Vaduz. The main reason for the release of the new platform in this country is the clarity of the regulation of the crypto industry, blockchain technologies. The Bittrex Global team will develop new services for users and products, including customer reward programs, implement credit card support, as well as create a mobile application for trading assets and organizing private token sales…
Block.one came to an agreement with the US Securities and Exchange Commission (SEC) to pay a fine of $ 24 million for violating securities laws during an ICO EOS project. SEC orders blockchain company to pay $ 24 million penalty for unregistered ICO https://t.co/em95RbxWEQ – SEC_News (@SEC_News) September 30, 2019 The Office indicated that […]
The Bank of Canada, the country's central bank, has published the results of a new study on bitcoins and cryptocurrencies. An internal document for employees called “The Economics of Cryptocurrencies – Bitcoin and More ” describes how blockchain networks stabilize their work and fight attacks. In particular, the larger the network, the more expensive the attack, and the less vulnerable the cryptocurrency becomes. “Increasing mining costs helps to avoid double-spending in each transaction, regardless of their number. At the same time, the mining intensity increases along with the overall reward. Therefore, with an increase in the number of transactions, it…
The upcoming Ethereum network update called Istanbul will lead to disruptions in many decentralized applications (dApps). This opinion in a conversation with CoinDesk was expressed by the technical director of Aragon One Jorge Ischierdo. In particular, he said, the work of about 680 smart contracts involved to manage dApps on the Ethereum blockchain in the Aragon infrastructure will be disrupted. “Until that time, decentralized organizations (DAO) […]
Binance cryptocurrency exchange froze over 12 billion TRX tokens and, having voted for them, came out on top in the list of 27 Tron super-representatives (block manufacturers). It is reported by UToday. Binance’s voices are believed to have provided user funds that are stored on its staking platform. The head of the BeatzCoin project (now in third place on the list) Misha Lederman noted that […]
On CNBC, Lou Kerner, partner at Crypto Oracle Foundation and former Goldman Sachs analyst, said Bitcoin (BTC) could skyrocket to a new high without the support of institutional investors. According to the financier, the previous phases of the aggressive growth of the first cryptocurrency came due to the activation of retailers. Institutionals join Bitcoin, but they are far from the first and leading players in this market. However, the analyst nevertheless acknowledged that if large investors do not invest in bitcoin, then the stage of more active implementation of the coin in the global market will be significantly delayed. Already…
As you know, on September 17, the BZX stock exchange of the Chicago Options Exchange withdrew its VanEck / SolidX offer on bitcoin-ETF . This event led to the fact that the main applicant for permission from the SEC dropped out of the race, leaving in doubt the prospect of Bitcoin ETF approval in general. In this article, we will try to explain why the time for Bitcoin ETF has come. This year, Bitcoin (BTC) as an asset showed itself very well, breaking away from its "lows" and for a long time trading at around $ 10,000. An ETF or…