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.
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.
