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Blockchain Life 2019 highlights four significant topics: Blockchain, Cryptocurrencies, StartUps, and Mining.
According to one of the project's investors, on September 1, Telegram plans to begin a public test of its blockchain - TON (Telegram open network).
During the public test, the TON network node code and instructions for installing it should appear in the public domain. Sharding (the process of breaking transactions into separate pieces to ensure scaling) and consensus (a mechanism for confirming new blocks in the blockchain) should also be available, which will allow testing the entire blockchain.
The founder and CEO of the consulting company deVere Group, Nigel Green, believes that the new "bottom" for Bitcoin is now at around $ 10,000.
"Looking at its performance this year, I believe that the new normal bottom price for Bitcoin is $10,000. It bounces at this price. If it fluctuates below this level, it shoots back up again. We have seen this in action on Monday when Bitcoin hit $10,500 in a matter of minutes," Green said.
Luno cryptocurrency exchange CEO Marcus Swanepoel expressed the opinion that 90% of users use Bitcoin for investment or speculation, not for payments.
In an interview with CNBC, Swanepoel said that only a small part of the first cryptocurrency users use it for transactions and payments in the real world.
A survey conducted by the Chinese cryptocurrency company BabelFinance showed that local investors are waiting for the growth of Bitcoin, and according to 30% of respondents, the Bitcoin exchange rate for the year will exceed $ 30,000.
The study showed that the average Chinese cryptocurrency investor is a young, well-educated man with above-average income. More than 76.3% of male respondents have a college degree or higher.
The Head of The Bank of England Mark Carney said the US dollar, which is the global reserve currency, needs to be replaced with a digital currency similar to Libra.
According to Carney, trade wars are detrimental to growth and disrupt multilateral cooperation, while central banks live in a world with low interest rates as they struggle to recover from inflation.
According to Coinmarketcap, the Bitcoin dominance in the cryptocurrency market is currently about 68%, but Arcane Research analysts believe that in reality it reaches 90%.
The researchers emphasized that the services, when assessing the dominance of the first cryptocurrency, do not take into account liquidity in the market and a decrease in the price of an asset when mass selling tokens.
The US Securities and Exchange Commission (SEC) fined Russian analytical firm ICORating for not reporting payments for positive feedback on various ICO projects.
The analytical company ICORating is engaged in evaluating investments in ICO projects. It includes team members of well-known cryptocurrency projects, for example, NEO.
Spencer Bogart, general partner at Blockchain Capital, a venture capital firm, expressed confidence that Bitcoin will become a safe asset in the long run.
In an interview with Bloomberg, Bogart noted that the risks of devaluation of fiat money would boost the Bitcoin exchange rate.
