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The Central Bank of Great Britain declared that cryptocurrencies have “enormous potential”

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In an interview with CryptoBriefing, Bank of England chief economist Andy Haldane suggested that cryptocurrencies have “enormous potential.”

The Bank of England is the Central Bank of Great Britain, which has existed for more than 320 years; almost all other central banks of the world were created according to its model.

Andrew Haldane, who is also a member of the Bank’s monetary policy committee and chair of the British government’s Industrial Strategy Council, noted:

"The bank supports technologies that help improve financial services in the field of payments, including cryptocurrency."

Haldane stressed that, on the one hand, regulators should limit the risks of the cryptocurrency sector, which is still very young, on the other hand, such an area as cryptocurrency, which has “enormous opportunities”, should be maximally supported.

He did not single out any particular project, but suggested that payments could be a good starting point for integrating cryptocurrencies into the traditional economic system.

In particular, he mentioned cross-border remittances, "the cost of which is mainly borne by the users of the services, which, undoubtedly, must be changed."

In addition, Haldane added that the number of cryptocurrencies is reminiscent of the “bloom of a thousand flowers” and at the moment the Bank of England can only track how companies, other central banks and financial regulators interact with new technologies.

Correspondent CryptoBriefing account necessary to comment on the interview:

“Speaking with Haldane, there was a feeling that the central bank was excited about the possibilities of cryptocurrency. However, enthusiasm is held back by trepidation, which almost always accompanies the emergence of something unknown. ”

Publication date 12/06/2019
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Bitcoin rate will grow from $ 16,000 to $ 62,000 by the end of 2019, analysts' forecasts

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Strengthening the position of Bitcoin creates the conditions for the emergence of more aggressive forecasts regarding the future dynamics of the movement of the coin.

Back in January, one of the analysts who wished to remain anonymous, successfully predicted the trajectory of Bitcoin from April to July. He said that BTC would first overcome the $ 5,300 mark, and by the middle of summer it would trade at $ 9,200 and was right.

In addition, the analyst predicted a cryptocurrency breakthrough to $ 16,000 by October 2019 and announced the continuation of a positive trend throughout the whole next year.

However, in social networks from traders sound more aggressive statements about the prospects of the coin. One of the optimists, a trader under the nickname Galaxy, posted a tweet post in which he announced a bitcoin jerk to $ 62,000 by the end of October.

The forecast is initially perceived as fiction, but if you read the post of the analyst, then you can believe in it.

Galaxy said that in 2017 we observed a similar trend, which resulted in a 570% rise in Bitcoin over 147 days. If we take as a basis the schedule of the course of the two-year-old asset and project it on the current situation, then we can expect an increase in the price of Bitcoin to $ 62,000 by the end of October.

Many Twitter users find the trader’s forecast to be more or less realistic, but they doubt the possibility of such an aggressive jerk of the coin. But there are those who say that such forecasts are not based on anything, and publishing them on the network only aims to increase the number of subscribers.

Publication date 19/06/2019
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Tom Lee: over the next months, the BTC rate will increase by 4 times

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Bitcoin bull Tom Lee believes that the flagship cryptocurrency is close to the FOMO rally, with the result that the value of the coin can rise to $ 40,000 over the next few months.

Tom Lee, head of Fundstrat Global Advisors, noted that the Bitcoin cryptocurrency rate is close to $ 10,000, which could serve as a trigger for the FOMO. Lee refers to the events that occurred at the end of 2017, when the price of BTC, approaching the level of $ 10,000, increased in two days to $ 20,000.

On Monday, the BTC rate overcame the $ 9,000 mark, and after the Libra crypto-project from Facebook was introduced, the cost rose to $ 9,200. It is assumed that the Libra project is proof for society that cryptocurrencies are becoming increasingly popular, large companies, including financial ones, are particularly interested in them. Lee also noted that on the same day, the value of GRAYSCALE BITCOIN TRUST (GBTC) shares rose by 11%, reaching $ 12, which was not observed since July 2018.

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The launch date of the new Ethereum 2.0 blockchain algorithm has become known – January 3, 2020

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Developer Justin Drake (Justin Drake), according to Trustnodes , called the date of transition of the Ethereum network to the second version of the protocol and the introduction of the consensus mechanism Proof of Stake (PoS). According to him, Ethereum 2.0 will become a reality in seven months – January 3, 2020, exactly 11 years after the extraction of the genesis-block of Bitcoin .

Drake also said that the developers of Ethereum for less than two weeks – until June 30 – should finalize and approve the specifications of the zero phase. Before generating the genesis block, they will have to launch a deposit contract for the accrual of funds to validators – and present it at the Devcon conference in Japan in October.

Thus, according to Drake, over the next three months, developers should collect at least 2 million ETH, and in seven months, bring the product to a “production stage”, that is, a test network that has been working for quite a long time without significant flaws and has passed a security audit, for at least two customers.

Recall that the founder of Messari, Ryan Selkis (Ryan Selkis), expects that the transition of Ethereum to the second version of the protocol will take place no earlier than 2021. In early May, Prestmatic Labs co-founder Preston Van Loon announced the public launch of a test network for Ethereum 2.0 – Sapphire – created on the basis of the Casper protocol with PoS consensus algorithm and support for stacking.

Publication date 18.06.2019
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Name Price24H (%)
Bitcoin (BTC)
$9,123.00
-1.00%
Ethereum (ETH)
$267.65
-0.68%
XRP (XRP)
$0.433437
-1.62%
Bitcoin Cash (BCH)
$415.40
-1.13%
EOS (EOS)
$6.87
-1.53%
Stellar (XLM)
$0.125262
-1.73%
Litecoin (LTC)
$137.10
4.30%
Cardano (ADA)
$0.091045
0.52%
Tether (USDT)
$1.00
-0.13%
Monero (XMR)
$99.82
1.99%
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