Goldman Sachs customers received a letter in which analysts of the bank warned that the price of Bitcoin could soon fall below 6000 dollars. The team of technical analysts of the bank is headed by Sheba Jafari, who is sure that the market decline began with the large sales of Bitcoins, which previously belonged to the MtGox crypto exchange. As it became known, the head of the board of trustees of the exchange Nobuaki Kobayashi organized several rounds Bitcoin sales to pay off creditors MtGox.
The Australian currency exchange exchanger Bitcoin.com.au made it possible to purchase Bitcoin and Ethereum for Fiat in more than 1200 newsstands throughout the country. "The fact that you can now buy Bitcoin and Ethereum from the same place you purchase soft drinks and stationery really speaks to how institutionalised cryptocurrency has become [...] For anyone who has hesitated about buying Bitcoin because it all seemed too complicated, this is the perfect setup that takes the fear factor out of investing in digital currencies", said Bitcoin.com.au CEO Rupert Hackett.
According to the Google Trends portal, the number of search queries "Bitcoin" and "Ethereum" in Google has recently decreased significantly - by 75% (from 100 points to 25). The number of requests for Bitcoin, in particular, began to decline from December, and now are at the same level as in October-November. A similar story with the Ethereum. While he managed to restore a high level of interest in January, after falling in December, it fell to about 25 points and stopped at the same level as in November.
The American company Tesla, the manufacturer of electric vehicles and power storage solutions, became a victim of hackers: having found a vulnerability in the Tesla account on Amazon, scammers got access to the cloud infrastructure of the company and used its resources for the cryptocurrency mining. The hackers found the company specializing in cyber security company RedLock. Hackers took advantage of a vulnerability in the Kubernetes service available from the Internet due to lack of password protection, which contained information for accessing the Tesla cloud store in the Amazon Web Service.
South Korea, it seems, is softening its position regarding the trade in cryptocurrencies. According to Yonhap News, Choe Heung-sik, head of the Financial Supervision Service, said that the government "will support crypto-trade in the performance of normal transactions." Cho also said at a meeting with representatives of crypto-exchanges that the government would "encourage" banks to work with stock exchanges.
New price records Bitcoin will show in July 2018, says the well-known financial expert and ex-analyst of financial holding company JPMorgan Chase, Tom Lee. Recall that the historical maximum of $ 19 511 Bitcoin rate reached in mid-December 2017. The period from December 18, 2017 to February 6, 2018 marked a significant correction, which resulted in Bitcoin fell by 70%. In the last week, the Bitcoin rate is recovering and on February 15 it rose again above $ 10,000, and at the end of the day on February 17 there is about $ 10,800. Tom Lee believes that such dynamics of Bitcoin prices correspond to the "V-shaped" pattern.
The Coinbase platform has launched the Coinbase Commerce service, which aims to help online shops accept payments in the four leading cryptocurrencies. As noted in the company, Coinbase Commerce ensures the receipt of payments in cryptocurrencies, controlling, verifying and confirming the transactions of customers in each unit.
The founder and head of investment company Pantera Capital, Dan Morehead, made a very optimistic statement about the Bitcoin and the cryptocurrency market in general. Speaking in the Fast Money program on CNBC, Morehead said that the events taking place on the market should not be considered catastrophic. According to historical data, the drop in the rate of Bitcoin does not contradict an absolutely normal scenario, and in addition, the financier expects a change in the market trend in the near future.
The executive director of the international fast-food chain Starbucks, Howard Schultz, surprised several colleagues when he raised the issue of cryptocurrencies during a conference call, discussing the company's last quarterly profits. The former CEO told the audience that, in his opinion, the publicly received cryptocurrency will come in the next few years, says the CCN edition. Schulz also doubted that Bitcoin would become one of such currencies, saying: "I do not believe that Bitcoin will become a currency today or in the future." Schultz joins a group of well-known Bitcoin skeptics, such as the legendary investor Warren Buffett, Nobel Laureate in Economics Robert Shiller and JP Morgan Chase executive Jamie Dimon, who went so far, calling Bitcoin a "fraud", although later he apologized for such comments.
Financial consultant Sebastien Meunier suggested seven possible (and unlikely) scenarios for the collapse of Bitcoin, which could be realized in the next few years. Before we proceed to the assumptions, let's start with the facts - Bitcoin was declared dead more than 200 times. Despite the fact that the first cryptocurrency in the world for more than 9 years works practically without fail, it is still fashionable to predict its demise. Many experts are known for continuing to predict the death of Bitcoin, despite the fact that every day the network refutes their assumptions. However, if we assume that these people still have a certain level of intelligence, the only explanation for the failed predictions and emotional statements is that they did not devote enough time to studying the work of the network.
The general director of the InfoWatch group of companies and the co-founder of Kaspersky Lab, Natalya Kaspersky, considers Bitcoin the development of a group of American cryptographers who worked on behalf of the special services. She said this, speaking at the St. Petersburg University ITMO, where Kaspersky presented a presentation on "Modern technologies - the basics of information and cyber-wars." In her opinion, the group of American cryptographers is hiding under the name of Satoshi Nakamoto, the Bitcoin creator, but did not name any concrete people and evidence of their involvement in the development of Bitcoin.
Expert Bitcoin lawyer Trace Mayer suggested that the price of the first cryptocurrency could reach $ 115,000 in 2018 after the correction phase ends. However, he stresses that such a figure of $ 115,000 - despite the theoretical possibility based on previous cycles, will be "much overstated". Now Bitcoin is recovering after the fall, the largest since 2013.
If you were lucky enough to buy Bitcoins at the very beginning of their history, most likely, now you are leading a comfortable life. No investment in the world has brought as much revenue as Bitcoin has brought over the last few years, and people who believe in the approach of crypto-revolution have become multimillionaires. This incredible success has led to the fact that recently many investors are trying to find the next cryptocurrency, with which in just a few years (or months) they will be able to increase their income by thousands of percent. Many managed to do this at the beginning of the ICO boom, when many tokens unexpectedly grew in price tens of times. However, unlike Bitcoin, most of them just as quickly and unexpectedly collapsed. So what do you need to consider in order finding the next Bitcoin?
A long-time opponent of crypto-currency, JPMorgan CEO Jamie Dimon said he regrets past negative comments about Bitcoin, in particular what he called a scam at the New York conference. Now, while Dimon continues to assert "this topic does not interest him at all," he recognized as "reality" the core Bitcoin technology - blockchain and revised his opinion on the ICO, saying that each campaign should be approached "individually."
A physicist from Toronto, Alex Beath shared with Fortune his assumptions about the safety of Bitcoin and its connection with quantum computers. The scientist believes that if you previously talked about quantum computers hypothetically, then after connecting to the IT giants race, you can start applying them in practice in the near future. In the first place, cryptocurrencies will be under threat, but it will be the sign that the quantum computer is really exists.
The New York Stock Exchange (NYSE) has applied to the Securities and Exchange Commission (SEC) to register five exchange-traded index funds (ETFs) tied to the Bitcoin rate - the so-called marginal and inverse ETFs. The proposed funds are designed to track trade in Bitcoin futures markets. According to the application, ETF seek to provide investors with an income that multiplies the profits in the core market and represents a short-term investment.
In the distant 1997, two authors, an American and an Englishman, published a book entitled "The Sovereign Individual: Mastering the Transition to the Information Age". Most likely, then James Dale Davidson and Lord William Rees-Mogg hardly suspected that they had written a historical book describing the near future. The authors of the book persuaded the readers that humanity expects great changes. In bold and strange descriptions, they, in fact, managed to predict the idea of a crypto currency, with frightening accuracy embodied in today's Bitcoin.
