Stablecoin, which is allegedly developing the social network Facebook, will serve as the foundation for the creation of a new payment system.
Project Libra - the internal name of the new blockchain-initiative Facebook - will use a stable cryptoasset, secured by fiat currency. Various sources report that the company is already working on attracting financial companies that will support the project.
According to a study conducted by the Value Walk news website, 46.7% of users prefer to invest in Bitcoin, rather than other cryptocurrencies.
As part of the survey, respondents were asked a few questions. When answering the question "What is your favorite coin?" 46.7% chose Bitcoin, 31.4% - Ethereum, and 21% - Ripple.
Mati Greenspan, a senior analyst at eToro, expressed the opinion that for Bitcoin growth, it is not necessary that the Bitcoin ETF is approved by the US Securities and Exchange Commission (SEC).
"The idea of the SEC approving a Bitcoin ETF is basically saying that the government is going to approve something that the banks made. I don't think Bitcoin cares very much about that," Greenspan said.
Amber Baldet, former CEO of JP Morgan, said that decentralized applications should be easy to use, and users do not need to know about the underlying technology.
According to Amber Baldet, users do not need to know exactly how the application works. For them, the ease of use and the functions provided by the application are important, not the blockchain on which it was created.
Binance Exchange announced the possibility of buying multiple cryptocurrencies with credit cards through a mobile application on Android. The function is available after updating the application to version 1.5.8.0.
The possibility of buying cryptocurrency using plastic cards in a mobile application has become a continuation of the cryptocurrency exchange's cooperation with the payment startup Simplex. According to company representatives, currently BTC, ETH, XRP, LTC and BCHABC are available for purchase.
Japan Minister of Finances and Deputy Prime Minister Taro Aso called on journalists to stop using the term "virtual currencies" and opt for "crypto assets".
Taro Aso gave a speech at a press conference after the government meeting. The full transcript of questions and answers dated March 26 was published by the Japan Financial Services Agency (FSA) on April 25th, along with an English translation.
South Korean giant Samsung is developing its own blockchain based on Ethereum and plans to release a coin in the future.
According to CoinDesk Korea, citing a person "familiar with the internal state of affairs at Samsung," the company's target group for the blockchain creates a network based on Ethereum. The work, however, is still at the "inner experimental" stage.
The founder of Morgan Creek Digital, Anthony Pompliano, believes that Bitcoin can show parabolic growth for five years.
"Bitcoin is the only $95 billion market cap asset I have ever seen that has a realistic chance of a 20-50x increase in value over a 5 year period," Pompliano wrote on the social network Twitter.
The Bitcoin price volatility has increased by almost 200% over the last month, as BTC has risen above the $ 5,000 mark.
According to Bitvol.info, the price volatility of the first cryptocurrency increased by almost 200% from a monthly low of 1.26% to 3.31% for the period from April 1 to 2. Currently, the volatility indicator is at the level of 3.54%.
Mchain is a platform based on blockchain that has created an ecosystem where cryptocurrencies, intelligent contracts and decentralized applications (Dapps) coexist.
A project that is born from the culture to divulge and educate
Mchain is a project of the Cultural Association Blockchain Marbella, a non-profit association, whose philosophy is to publicize all the advantages that can bring the blockchain and the cryptocurrencies to the day to day, for people, companies and institutions.
After the Bitcoin rate jump at the beginning of the month, the price of the first cryptocurrency is in the consolidation phase. However, some traders believe that Bitcoin will soon reach $ 5,800.
Despite the fact that in recent days, the rate of the first cryptocurrency has slightly increased, the main resistance is at around $ 5,400. Bitcoin price is approaching this mark, but so far, it cannot break through the wall of orders placed by sellers.
Professor INSEAD and co-founder of the Blockchain Research Institute (BRI) Don Tapscott said that the Yuan - the official Chinese currency - will become a cryptocurrency.
In an interview with Bloomberg, Tapscott said that he recently met with the vice-chairman of the Chinese Communist Party. The official stressed that the Secretary General of China, Xi Jinping, sees great potential in the blockchain technology and believes that it can play one of the most important roles in the future of the state.
According to the CCAF study, the lack of uniform terminology for cryptoassets is the main obstacle to adopting a clear regulatory policy in the industry.
According to a study by the Cambridge Alternative Finance Center (CCAF), the various key terms in the cryptocurrency industry often interchanged and not clearly defined which makes global regulation difficult. Conducted with the support of the Nomura Research Institute (NRI), the Research provides a detailed analysis of the regulatory framework for cryptoassets in 23 jurisdictions. The data collected mainly through desk research from November 2018 to early February 2019, the report says.
The head of Bakkt, the platform for institutional clients, Kelly Loeffler: "race day" is nearing, the platform is waiting only for approval of an application from the Commodity Futures Trading Commission (CFTC).
Initially, it was expected that the Bakkt platform would be launched at the beginning of this year, but the start was postponed due to the lack of approval by the company from US regulators. However, the company's management still believes in the launch of the platform already this year.
It comes as a surprise to most people that the network we know as the "world-wide web" is in many ways not world-wide at all. For instance, platforms such as YouTube, Facebook, and Instagram have long been banned in the People's Republic of China1 - which was followed by a ban of WhatsApp in 20172. Another example is general access to the Internet in Eritrea, where less than 1.18% of the population of over 4.4 million people uses the Internet3. More shockingly, a 2016 study by Cambridge University revealed that more than sixty countries engage in some form of state-sponsored censorship of the Internet4. With several forms of social advances relying on unencumbered access to the Internet, many parts of the world are being left in the dark if they cannot access news or information and communicate with their peers in the same way that most others can.
Clem Chambers, general manager of the ADVFN financial market website, believes that the cryptocurrency winter is over and the price of Bitcoin will rise to $ 10,000 by the end of the year.
"All last year I said that Bitcoin would fall to $ 2.500. As a result, his quotes stopped at $ 3.000. Now he started to grow and I think his first goal is $ 6.000, and then $ 10.000," he said in interview to Forbes. "At the moment, we can safely say that the cryptocurrency winter is over. Here is my forecast."
The founder of Ethereum, Vitalik Buterin, supported Bitcoin SV delisting occurring on several exchanges.
Vitalik replied to a Twitter user post with the nickname @Nic__Carter, who wrote:
"If fraud from the chief promoters is sufficient reason for a delisting from Binance... almost everything should be delisted"
The head of Xapo expressed the opinion that every responsible investor should invest at least 1% of his investment portfolio in Bitcoin, because the first cryptocurrency can affect the world more than the Internet.
Wences Casares stressed that if you invest in Bitcoin, for example, 1% of the $ 10 million portfolio, this investment can bring up to $ 25 million in 7-10 years. According to the head of Xapo, the rate of the first cryptocurrency may well reach $ 1 million in a specified period of time. If Bitcoin disappears, then the loss will be only $ 100,000.
