Blockchain and ICO News

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."

Yesterday, analysts and traders said that the rate of the first cryptocurrency would drop to $ 5,500, but on December 18, Bitcoin pushed off support for $ 6,400 and soared to $ 7,400.

Although many believe that it is too early to draw conclusions, there is a possibility of continued growth. One of these signs is a bullish candle on the chart, usually indicating a change in trend, and also confirming the presence of discrepancies between the RSI and MACD indicators.

The famous American economist and trader Nassim Taleb remains optimistic about cryptocurrencies and believes that Bitcoin "wins" in comparison with state currencies.

Taleb said that citizens of some countries, such as Lebanon, "lost faith" in state banking systems, so no one should ignore cryptocurrencies, as well as the history of Bitcoin and blockchain.

According to the president of Fidelity Digital Assets (FDAS), Tom Jessop, the cryptocurrency industry is only developing, so the closure of some companies and funds is natural.

Jessop expressed his opinion in the podcast The Scoop, commenting on a recent study by Crypto Fund Research, according to which a significant number of cryptocurrency investment funds closed this year. The president of FDAS believes that this situation resembles the development of the Internet startup market.

According to Dan Morehead, CEO of Pantera Capital, an investment company, Bitcoin has every chance of transforming up to 50 industries.

Morehead emphasized that in the near future, Bitcoin and blockchain will be able to change such traditional tools as voting systems, international money transfer systems, electronic money transfers, identification systems and so on.

On Saturday, the Bitcoin exchange rate fell by $ 150 and is now at $ 7,150. Analysts believe that the first cryptocurrency needs to cross the $ 7,300 mark to continue to grow.

According to the Bollinger indicator - a price prediction model based on a 20-day moving average - volatility should return to cryptocurrency markets soon.

Cryptocurrency enthusiast and researcher from America Alex Thorn discovered that the number of active addresses with a non-zero BTC balance was 28.39 million, and this is a new record.

The previous record was set back in January 2018. According to Thorn, this indicator is well suited to determine the total number of users of the first cryptocurrency. Although here you need to understand some subtleties.

According to a new study by Deutsche Bank, by 2030 the demand for alternative currencies will increase significantly, which will lead to the disappearance of fiat currencies.

In the Imagine 2030 report, Jim Reid, head of Deutsche Bank's Global Fundamental Credit Strategy, recalled the problems that the current monetary system has faced in recent years. He said that the increased demand for intangible assets and their anonymity will attract more people to digital currencies.

Anthony Pompliano, a well-known Bitcoin fan and founder of Morgan Creek, said that Bitcoin is not an investment, but a peaceful protest against a system that can change the world.

With his publication, he addresses all users. According to him, they can be divided into two types: some act as mercenaries and others as missionaries. Pompliano describes both categories.

Over the past week, reports began to appear on the network about problems with the withdrawal of funds on the IDAX cryptocurrency exchange. As it turned out, most of them were confirmed.

Yesterday morning, the company issued an "urgent notice" in which it informed that the site's general manager had "disappeared", and, accordingly, access to the cold wallet, which contains almost all of the cryptocurrency, was lost. Because of this, the process of depositing and withdrawing funds had to be suspended.

The CEO of Twitter and cryptocurrency enthusiast Jack Dorsey believes that Africa will determine the future of the cryptocurrency industry.

According to Dorsey, despite the development and adoption of cryptocurrencies in Europe and America, it is Africa that will become the head of the industry. After his tour of Nigeria and Ghana, Dorsey said that the African continent is developing rapidly, but is still very poor and this will be one of the main reasons for the adoption of Bitcoin and other cryptocurrencies.