Blockchain and ICO News

The shocking American businessman John McAfee, who was recently waiting for a $ 1 million Bitcoin exchange rate, changed his mind and now calls the first cryptocurrency "shitcoin".

More recently, McAfee said that he would cut off and eat his penis if, by the beginning of 2020, the Bitcoin exchange rate did not reach $ 1 million. It seems that McAfee quickly went over to the camp of "cryptosceptics" - or, rather, "altcoin worshipers".

One of the first Bitcoin developers, Gavin Andresen, believes that Satoshi Nakamoto could have misjudged the prospects for creating a cryptocurrency.

Andresen first heard about Bitcoin in 2010. He immediately became interested in the idea and soon became the leading curator of the development. In 2013, he "handed over authority" to Vladimir van der Laan, creator of Bitcoin-QT (Bitcoin Core).

Last year, transactions in total amount of $ 2.5 trillion made on the Bitcoin blockchain, and the average transaction size was about $ 23,000.

According to BitInfoCharts, the average transaction size on the Bitcoin blockchain was 2.75 BTC ($ 23,000), and the average transaction cost (made up of mining costs and commissions) was 0.029 BTC or $ 250.

51,511 BTC worth almost $ 450 million was sent on January 20, 2020 for a commission of less than $ 0.25.

The transaction was included in block 613 644. At the time of block mining, the price of Bitcoin was $ 8680.51, so the transfer amount was equivalent to $ 447 million.

Former Chairman of the Commodity Futures Trading Commission (CFTC) Christopher Giancarlo announced the creation of the Digital Dollar Foundation.

Giancarlo said that a non-profit organization will study the possibilities and prospects of "converting" the US dollar into electronic currency on the blockchain, as well as explore the potential benefits of a "digitized" dollar.

Craig Wright said he had access to 1.1 million Satoshi Nakamoto Bitcoins, which at the current rate is about $ 9.3 billion. After that, the Bitcoin SV altcoin rate has grown by almost 100%.

According to Blockstream CEO Adam Back, the Bitcoin exchange rate this year can easily reach $ 100,000.

Back stressed that the price of Bitcoin has repeatedly crossed the $ 10,000 mark, and just a few years ago it seemed impossible that the first cryptocurrency would reach $ 1,000. In addition, dollar inflation contributes to the growth of the Bitcoin exchange rate.

For the first time since 2013, the United States has lost leadership in the volume of transactions in Bitcoins. In 2019, transactions with the first cryptocurrency in the amount of $ 8.58 billion were made in Singapore, and only $ 7.46 billion in the United States.

At the same time, according to Crystal Blockchain, an analytical website, Singapore became the leader in accepting transfers in the first cryptocurrency, and in the withdrawal of Bitcoins, the island state of Seychelles, where the BitMEX cryptocurrency derivatives exchange is registered, took first place. Bitcoin worth $ 10.07 billion was sent from there.

Facebook CEO Mark Zuckerberg believes digital space needs to be regulated, but self-regulation is the best solution.

"One of the big questions for the next decade is: how should we govern the large new digital communities that the internet has enabled," Zuckerberg said in a Facebook post.

Cryptocurrency enthusiast John McAfee, known for his eccentricity, said that he would not eat his intimate body, despite the fact that the Bitcoin exchange rate had not reached $ 1 million by 2020.

Back in mid-2017, McAfee said that if by the beginning of 2020 the rate of the first cryptocurrency does not rise to $ 500,000, then he would cut and eat his genitals. After a while, against the background of a bullish spurt in Bitcoin, he increased the rate to $ 1 million. Later, McAfee repeatedly confirmed the forecast, but now he refused his words, saying on the social network Twitter that he was only attracting attention.

Coinbase Co-founder and CEO Brian Armstrong published a post in which he predicted the development of the cryptocurrency industry for the next ten years.

According to Armstrong, in the 2020s, there will be a peak in the development of confidential cryptocurrencies - privacy functions will be included in the blockchains, and the number of holders of anonymous cryptocurrencies will increase to 1 billion. Note that today this number is about 50 million people.

According to well-known cryptocurrency enthusiast and founder of Galaxy Digital Michael Novogratz, in 2020 the first cryptocurrency will reach at least $ 12,000.

Novogratz said on Twitter that by the end of next year, Bitcoin will cost at least $ 12,000. In addition, he believes that US President Donald Trump will lose the next presidential election - he will not have more than 10 million votes to stay for a second term.

UN Secretary General António Guterres is confident that his organization should use blockchain technology.

Guterres had previously spoken about the prospects for distributed registry technology. In July last year, he said that a "high-level digital collaboration group" had been created that directly interacts with blockchain technology. In September of the same year, he talked about lowering the level of trust in state institutions, highlighting distributed registry technology as one of the solutions to this problem.

A representative of YouTube video hosting said that the removal of hundreds of videos on the subject of cryptocurrencies occurred "by mistake."

With the massive volume of videos on our site, sometimes we make the wrong call. When it's brought to our attention that a video has been removed mistakenly, we act quickly to reinstate it. We also offer uploaders the ability to appeal removals and we will re-review the content," he said, adding that there is no additional censorship regarding the topic of cryptocurrencies.

Coinshares Strategy Director Meltem Demirors believes that halving the Bitcoin miners award in May 2020 will not have any impact on its price.

In her opinion, Bitcoin is suitable for the upcoming event in unique conditions. During the previous two halves, there was no such developed derivatives market as there is now. Most companies that want to profit from changing the price of the first cryptocurrency will use derivatives rather than the underlying asset.

According to logarithmic analysis by analyst Benjamin Cowen, by 2023, the capitalization of the cryptocurrency market could exceed $ 11 trillion.

Cowen collected weekly data on the price movements of Bitcoin and other cryptocurrencies, and tried to identify a trend based on price correlations. He said that in the future, another "cryptocurrency bubble" awaits the industry, and the growth of the total market capitalization can reach up to 150 times.

Former Wall Street trader and cryptocurrency analyst Tony Vays called Tim Draper's prediction that Bitcoin's price rise to $ 250,000 by 2023 "irresponsible."

In May of this year, cryptocurrency enthusiast Tim Draper predicted that Bitcoin would rise to $ 250,000 by 2023, and the first cryptocurrency would occupy 5% of the global economy. However, according to Vays, this is an "irresponsible forecast."

Iranian President Hassan Rouhani proposed creating a cryptocurrency that would be used in Islamic countries as an alternative to the US dollar.

At a conference in Malaysia, Rouhani stated that Islamic countries need to strengthen financial cooperation to counter the "financial hegemony of the United States." He called the US economic sanctions "the main tool for establishing its hegemony and mockery of other nations."