There is information that Russia and China are working on creating their own cryptocurrency , which will be tied to gold. The plans of the two major powers told the US economist Jim Rickards. He did not specify where he got such information from, but he made some very serious arguments in favor of his statement. According to Rickards, the work on digital currency by the joint efforts of Russia and China has been ongoing for several years. The future cryptocurrency will be supported by gold, which explains why Russia and China in recent years have been actively buying valuable…
Author: BlockchainJournal
Investor Mark Mobius suggests that strengthening the position of cryptocurrencies can positively affect the rise in the price of gold. In an interview with Bloomberg representatives, investor Mark Mobius expressed the opinion that cryptocurrencies can have a positive effect on gold. Mobius believes that with the advent of new crypto assets and the strengthening of the positions of the already proven cryptocurrency market, there will be a demand for real physical assets, in particular gold. So, he believes that now is the time to buy gold, as in the long run you can count on a decent income. Mobius drew…
Bitcoin (BTC) is rightfully considered the king of the cryptocurrency market, so the events taking place with the cryptocurrency have a great influence on the market and the cryptocurrency community. We will examine in more detail what bitcoin halving is (halving the remuneration for the block mined by miners) and give several tables with a forecast of BTC prices in connection with the upcoming halving in 2020. What is bitcoin halving? Bitcoin halving is an event during which the reward provided to miners for maintaining the network is reduced by 50%. It occurs every 210,000 blocks (approximately every 4 years).…
The growth in the rate of cryptocurrencies should increase the demand for real physical assets, in particular, for gold. This was in a conversation with Bloomberg, a well-known investor in emerging markets, founder of Mobius Capital Partners, Mark Mobius. According to him, the long-term prospects of gold are growing amid weakening of the monetary policy of central banks. “In an attempt to lower interest rates, central banks will print money […]
Want to steal a couple of bitcoins ? All you have to do is calculate the private key to your victim's 16-digit public key by solving the so-called “discrete logarithm of the elliptic curve” problem. Using a regular computer, it will take about 0.65 billion billion years . But if somewhere there is a quantum computer capable of processing information at a speed that exponentially exceeds the speed of modern supercomputers? Suddenly, what seems impossible is becoming a task that can be solved in less than 10 minutes. Quantum computing The problem of quantum computing is not new to cryptography…
The day before, a full-fledged launch of the Metal crypto-payment application took place, the creators of which believe that the development can seriously compete with the Libra project. On his Twitter blog, Eric Finman, one of the youngest Bitcoin millionaires, along with Marshall Heiner, a former co-founder of QuickCoin, announced the full launch of the Metal app. According to Finman, the application has implemented such functionality that Libra can only dream of. The millionaire claimed that Metal is the killer of Libra. Today @MarshallHayner & I are launching Metal Pay to the masses. We're going to finally bring crypto to…
In July 2019, Grayscale Investments published the results of a survey of U.S. citizens on their readiness to invest in cryptocurrencies. More than two-thirds of the respondents were ready to do this, although they noted a number of factors stopping them from investing in cryptocurrency right now. At the same time, a number of sociological studies conducted in recent years demonstrate that despite the fact that millions of people around the world are already investing in cryptocurrencies, the growth potential of cryptocurrency market participants is still great. How many people have already invested in cryptocurrencies , how many are ready…
The day before, the developers of ZenGo, a unique crypto wallet without private keys, announced the support of the Libra test network from Facebook. According to ZenGo, now crypto wallet users can send and receive crypto funds from Libra just like any other digital one in ZenGo. The developers, however, point out that digital coins that circulate in the test network naturally have no value and are intended only for testing the functionality. In a publication from ZenGo, it is noted that those who want to get acquainted with Libra can activate access to the testnet in their account. Users…
Low trading volumes jeopardize the continued existence of the vast majority of South Korean cryptocurrency exchanges, as well as forcing local startups to look for ways to list their coins on foreign sites, according to Business Korea. In particular, the publication draws attention to the fact that only five South Korean sites are today in the first hundred exchanges in terms of trading volume. “It is no exaggeration to say that because of the low […]
The world's largest cryptocurrency exchange Binance plans to introduce the Venus project, which, according to reports from the company, will be an independent, regional version of Libra. Binance explains that the decision to issue Venus was formed because the company provides its services to customers from several countries, it has its own blockchain – Binance Chain, as well as the desire to destroy the “financial hegemony” and change the global financial system. Yee Hye, co-founder of the Binance crypto exchange, noted that the crypto exchange team believes that in the future stablecoins will replace traditional fiat money in countries around…