EOS (EOS)

$3.65 (+1.11%)

EOS/BTC

0.00042151 BTC (+0.87%)

EOS/USD

$ 3.65 (+1.11%)

EOS Discussion

BestChange  Jan 17 2020 10:36
Bitfinex tranferred $1 billion in BTC, and why it is too late to buy BTC [b]Bitfinex exchange transferred $1 billion in BTC with $80 commission[/b] Cryptocurrency platform Bitfinex confirmed that it was them who made the mysterious transfer of 123,447 BTC (around $1,1 billion) registered by bitcoin enthusiasts. According to the company’s CTO Paolo Ardoino, the transaction was a part of a transfer of 150 thousand BTC to the platform’s hot wallet. As a result of this operation, the second largest bitcoin address has emerged. It should be noted that the commission for the transfer of $1 B was just $80. [b]Why it’s too late to buy bitcoin now[/b] In the near future bitcoin’s price will not longer increase, BK Capital Management’s co-found Brian Kelly thinks. He notes that the growth rate of addresses in the network lags behind bitcoin’s price increase. "The Bitcoin price got a little bit ahead of the address growth. So, just like I said about Apple, just like I said about the 'triple Qs' in 2000. When an asset goes straight up, that's means a lot of the news is priced in", — he explains. According to Kelly, back in December the situation was the opposite, when the BTC price was on a decline, the number of addresses continued to increase. He adds that this was a strong buy signal that turned out to be spot-on. [img]https://sun9-41.userapi.com/c858532/v858532414/b00a4/k6m97xBzzIc.jpg[/img]
BestChange  Jan 10 2020 12:43
Why will altcoins disappear and what will become of bitcoin in 2020 [b]Tone Vays: all altcoins will disappear[/b] Analyst Tone Vays famous in crypto community thinks that the price of the most popular altcoins will drop to zero because they are worthless and cannot substitute for bitcoin. “Who will use Litecoin when we have Lightning Network, who will use Ethereum when we have side chain Liquid Network? Will people use Binance token? I don’t know because it’s uselessâ€￾, — Vays said. He also added that he doesn’t expect to see bitcoin cost over $10,000 in 2020. [b]Bloomberg: bitcoin will become stronger in 2020[/b] Bloomberg’s analysts published a report with cryptocurrency predictions, according to which bitcoin will become stronger in 2020. The experts note that bitcoin become more and more popular as investment against a weak dollar and global uncertainties. According to them, limited number of coins and halving of the block reward in May 2020 will account for increasing price of BTC. “Bitcoin's initial reaction to the U.S. airstrike was a good test of our premise that the first-born crypto is maturing toward a digital version of goldâ€￾, — the report says. On January 3, bitcoin reached its seven weeks’ maximum after U.S. military attack near Baghdad which killed Iraqi general Qasem Soleimani. [img]https://sun9-4.userapi.com/c200820/v200820947/35890/0UJz73unR0k.jpg[/img]
BestChange  Dec 24 2019 13:14
Hackers steal 2 million NULS token, Ethereum hard fork scheduled for January,1 and Craig Wright “provedâ€￾ he is Satoshi Nakamoto [b] Hackers steal 2 million NULS tokens[/b] Threat actors hacked and official account of the NULS projects and transferred 2 million of tokens. 550 thousand of them have already entered the market, the NULS team says. At the same time the exchange rate of the coin has stayed almost the same – the currency lost in price just 0.58%. The developers are going to make a hard fork of altcoin to prevent hackers from spending the rest 1,45 million of tokens. The hacking took place because of the NULS 2.2 version security vulnerability. [b] Ethereum hard fork to take place on January, 1[/b] Ethereum’s hard fork is scheduled for block 9,200,000 which is expected to be mined by January 1, 2020. The update is designed to delay the Difficulty Bomb by 4 million blocks (equivalent to 611 days). The developers asked nod owners to update their software before December 30, 2019. [b] Craig Wright “provedâ€￾ that he is Satoshi Nakamoto[/b] The Australian scientist Craig Wright demonstrated “proofâ€￾ that he is the bitcoin’s creator Satoshi Nakamoto. During an interview with Modern Consensus, Wright showed an article to explain the choice the Satoshi Nakamoto pseudonym. The article is about a philosopher Tominaga Nakamoto who lived in 18 century. The printed out document, made according to Wright in 2008, also contained the following handwritten notes: “Nakamoto is the Japanese Adam Smith. Honest Ledger + Micro Cash. Satoshi is Intelligent History. Not too hard.â€￾ He explained that Tominaga Nakamoto wrote about “honest money and the rational nature of thingsâ€￾. Wright compared his with Adam Smith – one of the founders of the theory of economics. Craig Right publicly claimed that he was the creator of bitcoin in 2019 about hasn’t yet provided sufficient evidence to prove it. [img]https://sun9-39.userapi.com/c858028/v858028278/131d1f/0WG3aQoqZUY.jpg[/img]
BestChange  Dec 20 2019 07:17
Ethereum’s price is threatened, and the number of bitcoin hodlers is growing [b]Ethereum is threatened: Plus Token pyramid’s assets started moving[/b] The organizers of a cryptocurrency pyramid Plus Token moved 789 525 ETH (about $105 million) to an unknown address. Twitter account Whale Alert paid attention to the transfer. Matteo Leibowitz, the Block’s analyst, thinks that scammers can buy Ethereum futures for sale, crash down the spot price and close future contracts with a profit. In the summer the Chinese police managed to detain the suspects in the Plus Token ponzi scheme case, but access to wallets could not be obtained. [b]The price of unspent UTXOs in loss hits a record high[/b] The number of unspent transaction outputs (UTXOs) in loss rose to all-time highs above $45 million, according to a research by Glassnode. This indicates the rise of the number of “hodlersâ€￾ - people who hold bitcoin despite its price decrease. [b]Federal Reserve: over 50% of bitcoin transactions are illegal[/b] Lael Brainard, member of the United States Federal Reserve Board of Governors, said that 25% of all bitcoin users participate in illegal operations. “One study estimated that more than a quarter of bitcoin users and roughly half of bitcoin transactions, for example, are associated with illegal activityâ€￾, — the representative of FR said at an ECB event. She also said that only a third of exchanges meet the requirements for AML (anti money laundering), CFT (combating the financing of terrorism) and KYC (know your customer) procedure. [img]https://sun9-36.userapi.com/c855624/v855624356/1a42a1/NYeTaBkm3TY.jpg[/img]
BestChange  Dec 17 2019 13:41
Bank of America named bitcoin the best asset of the decade, billionaires invest into BTC, and ethereum’s volatility is at its lowest [b] Bank of America: bitcoin is the best investment of the decade[/b] Bank of America Merrill Lynch named bitcoin the best asset for investment of the decade. 1 dollar invested in 2010 would now be $90,026. For comparison, 1 dollar invested in American stocks during the same period would have the price of $3.46. Myanmar's national currency was named the worst asset, since 2010 $1 invested in it now has a value of just $0.004. [b]Yet another billionaire bought bitcoins[/b] The number of billionaires investing in cryptocurrencies is steadily growing. Financial expert Bill Pulte announced his purchase of 11 BTC (around $78,000). He is the CEO of investment company Pulte Capital Partners and is worth about $11 billion. Pulte thinks the main advantage of bitcoin is an opportunity to make a transaction to any part of the world without a middleman. According to the billionaire, bitcoin canmake the life of the poor easier and make the world a better place. [b]Ethereum’s volatility drops to the level of 2016[/b] Ethereum has been trading in the narrow range of $140-150 for a long time now. According to CoinMetrics.io, ETH’s volatility index dropped to 2016’s lowest. On December, 8 Ethereum has undergone Istanbul hard fork, which did not lead to the cryptocurrency’s price growth, despite expectations [img]https://sun943.userapi.com/c856016/v856016308/1a43d8/HqkCES1m0uM.jpg[/img]
BestChange  Nov 29 2019 11:52
[b]Fraudsters are selling Gram. Telegram warns users[/b] Pavel Durov’s team said that selling of Gram tokens has not started yet, and asked users to not fall for scammers’ tricks. “Some websites offer Gram for sale and pretend to be connected with Telegram. Please be advised that these sites are not official and have no relation to Telegram. Gram has not yet been given to anyone and Telegram is not selling Gramâ€￾, - states the official Telegram-channel of the company. [b]Cryptocurrency worth of $4.4 billion stolen in 2019[/b] According to the research company CiperTrace, the amount of theft and scamming in the sphere of cryptocurrency reached $4,4 billion since the beginning of the year. The report says that in Q3 of 2019 criminal have stolen the minimal amount during the past years. However, in comparison with the last year, the losses increased by $2,7 billion. The company’s experts also named the largest crypto crimes of the year: the cryptocurrency pyramin PlusToken ($2,9 billion) and shutting down of the exchange QuadrigaCX ($195 million). [b]Andreas Antonopoulos: governments place a damper on bitcoin price[/b] Andreas Antonopoulos, famous bitcoin enthusiast, said that governments act to lower bitcoin’s price, but this is not a conspiracy, it’s just their “jobâ€￾. “We know for a fact that when the bitcoin bubble started to go up really fast in 2017, the U.S. Treasury decided to fast-track the deployments of futures markets in order to stop that bubble. A lot of people see that as conspiracy, but if you look at the mandate of institutions like the Treasury, that’s actually their jobâ€￾, Antonopoulos said in his interview with crypto blogger Ivan on Tech. According to the analyst, this allowed investors to open positions for on lowering the price of bitcoin which balanced the market, as well as reduced its volatility. [img]https://sun9-64.userapi.com/c855024/v855024655/189828/nrTYFFEWZtM.jpg[/img]
BestChange  Nov 25 2019 07:39
[b]Bitcoin crashes below $7,000[/b] Last Friday the world’s first cryptocurrency lost over 10% om price and crashed below $7,000 on a number of exchanges. Such low price of bitcoins is registered for the first time since May this year. Against this background, the “fear indexâ€￾ has dipped down to extreme values at the level of 20. According to the site Alternative.me it can mean a possible growth of the cryptocurrency. [b]Binance CEO refutes rumors about the raid in Shanghai office of the exchange[/b] On November, 21 media announced that the largest office of Binance in Shanghai shut down after a police raid. Many analytics connect this news to the cryptocurrencies losing prices, including bitcoin’s dropping below $7,000. Changpeng Zhao, CEO of Binance, refuted this information, calling this information a FUD block. “No police, no raid, no office. Hope you didn’t pay to read that FUD block.â€￾ — he wrote in his Twitter-account. [b]The USA can make Facebook’s cryptocurrency a security[/b] The House of Representative of the USA introduced a new bill about acknowledging managed stablecoins such as Libra as securities. "Managed stablecoins, such as the proposed Libra, are clearly securities under existing law. This legislation simply clarifies the statute to remove any ambiguity. Bringing clarity to the regulatory structure of these digital assets protects consumers and ensures proper government oversight going forward", — stated Sylvia Garcia, one of the bill's authors. [img]https://sun9-46.userapi.com/c855136/v855136820/17de2c/X27AxIklqn8.jpg[/img]
BestChange  Nov 22 2019 13:11
[b]USA can launch their own cryptocurrency[/b] The Federal Reserve is looking into developing a digital currency in the US. It was announced by its Chairman Jerome Powell in a letter to lawmakers this week in his reply to the letter from Congressmen French Hill and Bill Foster. They are concerned that the Chinese cryptocurrency on which the Chinese government is already working can jeopardize the USA’s position in the world’s economy. Powell specified that so far the Federal Reserve “not identified potential material benefits of a general purpose central bank digital currency to the implementation of monetary policy" and is only studying the rationale for creating it. [b]Tether and Litecoin have the largest portion of whales[/b] IntoTheBlock said what percentage of the most popular cryptocurrencies is owned by the largest owners. Tether and Litecoin turned out to be the most centralized: 63% of USDT is owned by 132 addresses, and 47% of LTC is owned by 131 address. The data for the other large crypto currencies looks like this: ETH — 151 addresses own 39%, Bitcoin Cash — 112 addresses own 29%, Bitcoin SV — 103 addresses own 24%, and 39% of Cardano is owned by only 41 addresses. [b]PayPal CEO said he has bitcoins[/b] Dan Schulman, the CEO of payment processor PayPal, revealed that he owns only one cryptocurrency, bitcoin. He also said that BTC is an “interesting ideaâ€￾, and blockchain is a “promising technologyâ€￾. “As for cryptocurrency, it is still very volatile, and that they do not have much demand for it by merchants because merchants operate on very small margins. What they need to do is to turn it to fiat immediately. There is a charge for turning it into fiat, that is why any advantages in price will be eaten up by this conversion feeâ€￾, Schulman said. [img]https://sun9-65.userapi.com/c857732/v857732339/f382f/HJOIb2jdT4E.jpg[/img]
BestChange  Nov 12 2019 12:47
[b]Ethereum developer confirmed the date of hardfork[/b] The next upgrade of Ethereum blockchain called Istanbul, which the users have been waiting for over six months, will be implemented before the end of the year. This has been announced by their developer Peter Szilágyi in Twitter. The hardfork is scheduled to take place at block 9069000 which should be generated around December, 4, 2019.Fot this new client Geth has already been launched, which already has hard fork. The peculiarity of the upgrade will be implementing of ProgPoW, programming algorithm aimed at eliminating the advantage of ASIC-miners over GPU-miners. But the users look more forward to the next upgrade Berlin which is scheduled for the first half of 2020. [b]North Korea accused of money laundering with the help of cryptocurrencies[/b] The UN Security Council Sanctions Committee on North Korea led an investigation which discovered the connection between the country and the Hong Kong blockchain company Marine China. According to the representatives of UK Security Council, the country’s leadership has been using various strategies with cryptocurrency to evade from international sanctions. It is reported that North Korea made at least 5,000 transactions using stolen cryptocurrenies. It was made to make establishing the source of the money more complicated. It is believed that the North Korean hackers were using phishing attacks and computer viruses to steal digital currencies and then laundered and cashed it in Singaporean banks. The Committee has not named the total amount of stolen funds.
BestChange  Nov 07 2019 13:26
Actions of one whale could influence on bitcoin surge in 2017 and Stellar has destroyed 55 billion of their token [b]Bitcoin price surge of 2017 could be fueled by one whale[/b] The University of Texas has published research which shows that a whale was buying a large amount of BTC during drawdowns and additional emission of USDT. It is important that such a “schemeâ€￾ was used only on the Bitfinex exchange. Connection between bitcoin growth and USDT have been discussed before. TokenAnalyst experts have already noted an incredible coincidence between bitcoin pump and Tether emission. However, it was believed earlier that this had been caused by actions of lots of independent traders. A group of researchers analyzed all BTC and USDT transaction between March, 1, 2017 and March, 31, 2018 and came to a conclusion that it had been one large player. At the same time, no similar pattern was detected on other exchanges. It should be understood that Bitfinex controlled over 20% of the market in 2017-2018, and it is only by 2019 that the exchange’s market share dropped to 7,3%. [b]Stellar burst into the top 10 cryptocurrencies after destroying 55 billion tokens[/b] Stellar team reported destroying 55 billion of tokens. They took this decision after analyzing the plan of blockchain implementation. The coins that got destroyed were mainly the ones for airdrop (out of 43,5 billion only 6 remained), as well as operational fund (out of 16 billion, 11 remained) and affiliate programs (12 billion out of 25). This was announced at Meridian conference in Mexico, Stellar Development Foundation announced the burning and in two hours the token rate increased by 16% from $0,069 to 0,083. Currently, correction took place and Stellar’s price is $0.0806. The developers said that no further coin burning is planned. In total, 55 billion (worth of $4 billion) of XML were destroyed. [b]Einstein Exchange shuts down with the debt of 16 million[/b] Einstein Exchange clients say that the exchange’s management and employees stopped replying to requests and complaints, and the users cannot get access to their funds. Currently, the management of the exchange has been transferred to the British Columbia Securities Commission (Canada). The total damage estimate is $16 million. When the exchange was registered its management provided judicial evidence of possessing assets to satisfy all withdrawal requests, however refused to provide the location of the funds. Currently the office of the exchange is closed, there is no access to their website and investigators cannot establish the location of Michael Ongun Gokturk, the exchange founder. The pages of the exchange in social networks are buried under complaints of dissatisfied customers. [img]https://sun9-7.userapi.com/c854020/v854020624/1583de/ELlm-DgEm0s.jpg[/img]
BestChange  Oct 29 2019 12:09
Will China buy all the bitcoins? Xi Jinping, General Secretary of the People’s Republic of China, called for more efforts to advance development in the field of blockchain technologies, which lead to a frenzy in the world of cryptocurrency. For instance, after Xi’s speech, the search volume in the app WeChat for hashtags “Blockchainâ€￾ and “Bitcoinâ€￾ increased 12 and 2 fold correspondingly, and Chinese cryptocoins saw a dramatic price boost during the last weekend. For instance, TRX surged by 50%, and Neo almost doubled its value, having fixed it at a little over $11 for a coin. Against the background of this frenzy, some people saw China's growing interest in cryptocurrencies as a threat. One of them is Anthony Pompiliano, who tweeted: “Someone tell President Donald Trump that there are only 21 million Bitcoin and China is planning to buy them all. This is going to be the real US – China competition. That should get him to pay attention. The guy hates losing and will try to buy them all.â€￾ However, despite this tweet was supported by many people, the majority favor a different opinion on forums dedicated to cryptocurrencies: “If China buys all bitcoins in free circulations, it will acquire nothing more than a large number of empty “candy wrappersâ€￾, because, as cryptocurrency owners think “in this outcome the interest to bitcoin will evaporate, and the demand for it will drop to zeroâ€￾ Crypto Capital Principal indicted According to court documents, presented to the accused by the Attorney of the Southern District of New York, Crypto Capital Pricnipal Oz Yosef was planning to transfer $ 10,000,000 to a bank located in the Bahamas for the purpose of misappropriation, which falls under the article on bank fraud. During the investigation, the company’s funds were frozen. It must be noted that $880 of these funds belonged to Bitfinex cryptocurrency exchange. 51 % attack in BCash chain For a day, in the interval between October 24-25, one or several miners controlled half of all computing power used for mining Bitcoin Cash. During this time the unknown perpetrator(s) managed to mine 73 blocks. This situation attracted great attention, and the position of the cryptocurrency already not very welcomed in the Internet became even more precarious. For instance, Twitter user Notgrubles suggested delisting Bitcoin Cash from main trading platforms. [img]https://sun9-3.userapi.com/c855424/v855424227/14170a/0CRJcShbPYU.jpg[/img]
BestChange  Oct 24 2019 07:14
[b]Visa and MasterCard created an Apple Pay competitor for paying for online purchases[/b] Payment systems Visa, MasterCard, American Express and Discover joined their efforts to create a new option to pay for online purchases in “one clickâ€￾. The joint project Click to Pay will make online checkout easier as all the payment details will be kept in one place. This eliminates the need to enter your credit card number each time. The new payment service is expected to become the main competitor of Apple Pay and PayPal. A similar function (one-click purchase) is already working on Amazon, but the use is limited only by this online-retailer. [b]Ex-CFTC Chair: we deliberately collapsed bitcoin[/b] Christopher Giancarlo, former chairman of the US Commodity Futures Trading Commission said that the Treasury and the SEC are responsible for bitcoin’s drop in price after reaching its historical minimum in December 2017. According to him, the regulator intentionally approved the release of bitcoin futures on Chicago Mercantile Exchange to allow to open short positions. "We saw a bubble building and we thought the best way to address it was to allow the market to interact with it." Giancarlo said that the US Treasury and SEC decided to collapse the BTC price to prevent the bubble from reaching the dangerous size for the economy. In their time regulators overlooked the beginning of the 2008 financial crisis, that’s why in 2017 they took preventive steps. [b]Casa start-up solves the problem of passing on crypto assets[/b] Custodial start-up Cassa offers a service of guaranteed passing on of crypto assets. The gist of the offer is that the owner makes an agreement with Case in which he gives an additional key to his wallet. Thanks to the fact that the optional key with multisignature is transferred to Casa, this eliminates the theft of bitcoins. In case the owner of the cryptocurrency passes away, Casa fulfills the last will of the deceased. [img]https://sun9-20.userapi.com/c857528/v857528119/bba8b/XDNeaoZJMbc.jpg[/img]
BestChange  Oct 21 2019 08:23
[b]Hidden miners were found in audio files[/b] BlackBerry Cylance threat researches discovered malicious virus – Monero miner embedded within WAV audio files. When played, some of the WAV had no glitches, others generated white noise. The specialists discovered embedded code Monero CPU miner, as well as the code used to establish a reverse shell to remotely connect to the victim’s network. [b]NewsBTC analyst: bitcoin dropped down to $7,500[/b] Aayush Jindal, expert for NewsBTC website believes that the world’s main crypto coin will continue falling. The next levels will be $7,800 ? $7,500. According to him, the resistance at supporting bitcoin’s price of $8,000 was a reason behind the new bearish trend on the 4-hours chart. There is a major bearish trend line forming with resistance near $7,950 on the 4-hours chart of the BTC/USD pair. MACD and RSI indicators also signal the declining movement. Currently BTC is trading around the mark of $7,900. [b]Are whales to blame for bitcoin’s decline?[/b] On Friday bitcoin lost about 1,8% in price. The dump started at night, and right on the verge of it Whale Alert analysts detected a transfer of 10,000 BTC (around $80 mln) to Binance trading platform. If these two events are connected is not clear, but the crypto community is actively discussing the topic of bitcoin-whales manipulating the market. Unlike the classic markets, the crypto market has no protection against such activities.
BestChange  Sep 25 2019 07:01
[b]The market of popular crypto currencies is still in the “red zoneâ€￾[/b] During the last day the price of bitcoin was gradually growing. However, the crypto coin, as well as the other top-10 tokens, has not yet left the “red zoneâ€￾ of the market. According to Coinmarketcap, at 15:00 CET, the first crypto coin’s price was $9,690. Market players have different opinions in this regard. Some insist that they hope for the prospect of BTC growth. Others say that there are no drivers for growing in price yet, and the price fluctuations are strictly speculative in nature. During the last 24 hours, Ethereum dropped more than by 6%, having reached $197. Litecoin has demonstrated the most dramatic drop (-9.23%), having fallen down to $66. [b]Opinion: BTC is now more stable than a year ago [/b] Alex Krüger, the famous cryptocurrency trader, expressed an opinion that currently the position of the first cryptocurrency is much more stable than it was in 2018. Then, the average trading BTC rate was at the level of $6,400, and this year the crypto coin has managed to get over the $10,000 mark. The crypto enthusiast believes that the BTC rate growth signals the average increase of crypto coin’s popularity. The gradual adoption of bitcoin is also indicated by the fact that 25 thousand retailers in France, for instance, the Sephora network, plan to accept the first cryptocurrency. It is scheduled to happen already in the beginning of the following year. [b]Nigerian government official paid $15K ransom in Bitcoin[/b] In a publication for Daily Trust, Nigerian government official Dr. Umar Ardo said the criminals made him pay a $15,000 ransom in bitcoin to release his kidnapped daughter. Last week, Dr. Ardo’s daughter Amado was kidnapped at a gunpoint around a shopping center. What strikes about this incident is that it is for the first time in history that criminals demand payment in cryptocurrency. Why in bitcoin? Investigators believe the criminals requested the ransom to be paid in bitcoin to remain anonymous and escape penalty, since blockchain transactions are completely anonymous. Sadly, incidents like these cast a shadow at the refutation of cryptocurrencies. Despite the indisputable advantages of blockchain technology, many leaders have voiced concern regarding anonymity connected with that.ndustry innovations will push the payment systems to search for original ways for development. Only this way they will be able to meet competition and tap into new markets. [img]https://sun9-21.userapi.com/c856136/v856136918/fc5ea/gp-TSUwNBD0.jpg[/img]
BestChange  Sep 20 2019 07:10
[b]Largest chain of convenience stores in Lithuania will promote bitcoins[/b] Narvesen chain (60 stores) and Lietuvos Spauda kiosks in Lithuania are launching the sale of bitcoin vouchers that can be exchanged online into real bitcoins. A person will not need any ID for that, they will only need to provide their email address and the address of their cryptocurrency wallet. This project is aimed at simplifying the possibility to buy Bitcoins, even for those who have never done that. Narvesen stores and Lietuvos Spauda kiosks have been chosen for that purpose due to their popularity among Lithuanians and positive attitude to cryptocurrencies, and their clients is a necessary targeted audience. [b]Head of BitMEX crypto exchange is confident in explosive growth of BTC[/b] Arthur Hayes, CEO of cryptocurrency derivatives platform BitMEX is confident that the main crypto coin will once again reach the mark of $20, 000. Crypto enthusiast thinks that will happen because of pumping the economy with newly-printed money which will lead to the loss of interest to fiat money. Hayes believes that The US Federal Reserve will restart quantitative easing policy. Last week the European Central Bank launched the program and decreased the deposit rate down to a new historical minimum. [b] Analysts: Payment companies will have to look for new development options[/b] Analysts of the consulting firm Bain & Company are confident that the payment market will soon change dramatically, as mentioned in their last report. Payment operations will cease to be a separate specialization. Digital wallets will grow in popularity among regular users. “Payments will become free for users and, in the end, for retailers, they will be instant and embedded into other products and services. Cars and fridges, and not people, will be able to place automated orders for replenishing suppliesâ€￾, - experts think. Industry innovations will push the payment systems to search for original ways for development. Only this way they will be able to meet competition and tap into new markets. [img]https://sun9-61.userapi.com/c854028/v854028130/f8e46/f47B6vTdlkQ.jpg[/img]
BestChange  Sep 09 2019 08:44
There are prospects: forecasts of digital currency market participants This week was full of various events for both participants of the cryptocurrency industry as well observers. Here are some expert comments on the current development of the digital asset market. On Monday Yves Mersch, Member of the Executive Board of the European Central Bank (ECB) criticized Facebook’s Libra.â€￾Libra could reduce the ECB’s control over the euro, impair the monetary policy transmission mechanism by affecting the liquidity position of euro area banks, and undermine the single currency’s international roleâ€￾ . The official has also noted that Facebook’s cryptocoin will in fact be accountable to shareholders, raising trust issues, as it will not be backed by a central bank. Mersch called on regulators to take tight control over Facebook’s projects, and for users not to trust the tempting but questionable promises from the representatives of the American company. Meanwhile, Jack Dorsey, the head of Square payment start-up and Twitter co-founder, continues to insist that cryprtocurrencies will continue to spread. The businessman believes in bitcoin, but he thinks that it is still too early to call it currency. In one of his latest interviews Dorsey notes, that bitcoin’s rises and falls in prices are more characteristic of a investment asset, such as gold. He hopes that as soon as the cryptocurrency becomes the currency of the Internet, his own start-up will pay more attention to services that create added value, rather than those that are engaged in money transfer Mark Mobius, an investor in developing markets and Mobius Capital Partners founder said that gold-backed cryptocurrency can be an interesting phenomenon. The investor emphasized that there is a whole generation of people who have faith in the internet, and they have faith in cryptocurrencies. “People believe in dollar because they have faith that with dollars in their hands they can buy something. Crypto enables people to buy something merely because they believe it has valueâ€￾, Mobius said. In the beginning of the week trader Peter Brandt tweeted that bitcoin has entered the fourth cycle of the parabolic uptrend that could lead it significantly past its all-time high price. The analyst is confident that the price of Bitcoin will reach one hundred thousand dollars in the long run. And although this bold prognosis does not yet have lots of supporters, one can’t ignore the fact that the price of the main cryptocoin is showing steady growth since Monday. According to Coinmarketcap, by September,6, bitcoin rose in price up to $10 875, starting from the mark of $9 623 on the night of September,2. [img]https://sun9-43.userapi.com/c851236/v851236838/1b7894/NN8Zmgz3H3M.jpg[/img]
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