Spencer Bogart, a partner at Blockchain Capital, a venture capital firm, said in a conversation with Bloomberg that despite the long bearish cycle in the cryptocurrency market, cryptoactives still have enormous potential.
The expert still holds positive predictions about the future of Bitcoin, noting the critical role of "programmable money", whose popularity will continue to grow.
The head of the American Autodesk Corporation, Andrew Anagnost, spoke at the Autodesk University conference in Las Vegas with the statement that the blockchain technology can help eradicate corruption and increase confidence in the construction industry.
"What is blockchain good at? It's a distributed, trusted ledger that cannot be altered and allows traceability and accountability. A technology like that in an environment like construction where various people involved in the process don't trust each other is going to find some kind of application," said Anagnost.A cryptocurrency credit startup "SALT Lending" and a former member of the board of directors of the company Erik Voorhees are under investigation by a US regulator. It is reported by the publication The Wall Street Journal, citing "sources familiar with the situation."
According to the report, the US Securities and Exchange Commission (SEC) called "SALT Lending" representatives to court in February. The reason for this was the $ 50 million ICO spent by the company at the end of 2017.At a meeting with the Deputy General Counsel of the International Monetary Fund Ross Leckow, Ripple CEO Brad Garlinghouse expressed the opinion that universal regulation would spur Bitcoin and blockchain adoption. The meeting was held as part of the Fintech Festival in Singapore.
"Regulatory clarity has a huge ability to drive digital asset and blockchain adoption. It is surprising how many markets still have uncertainty," said Garlinghouse.Enter heading here...The eccentric cryptocurrency enthusiast and creator of one of the first antivirus companies, John McAfee, once again confirmed his opinion about Bitcoin for a million dollars by 2020. Moreover, according to him, this is a very conservative forecast.
Despite the significant market downturn and Bitcoin prices, McAfee remains calm and optimistic about his prediction.
Former chairman of Google, billionaire Eric Emerson Schmidt, gave an interview to economist Tyler Cowen at an organized Village Global event, which was held in San Francisco.
The dialogue covered various topics, such as the future of technology, the division of the Internet, recruitment methods and the reform of corporate governance. In addition, Schmidt expressed his opinion about Ethereum, stating that he has enormous potential and has every chance of becoming a powerful platform.
The developer, who formalized the code that underlies most of the primary token allocations (ICO), the Ethereum standard ERC-20, proposed a new approach in an attempt to make financing schemes safer for investors.
Speaking in Prague on Devcon4, the annual Ethereum Developer Conference, Fabian Vogelsteller proposed the concept of a "reversible ICO" or RICO that would allow token investors to return their funds at any stage of the project's life. In particular, the concept involves the creation of a special smart contract that allows investors to "cancel their financing obligations".The head of the largest Bitcoin derivatives trading platform BitMEX Arthur Hayes expressed the opinion that the "bearish" trend in the cryptocurrency market may last another 18 months.
"My view is the volatility environment that exists right now could persist for another 12 to 18 months, the flatness. I am just basing it off my previous experience. I started in bitcoin in 2013, when the price went from $250 to $1,300. And then 2014 to 2015 was sort of the nuclear bear market. Price crashed, volume crashed — very, very difficult to make money," he said.
Former head of the US Federal Reserve Janet Yellen, known for her extreme skepticism about cryptocurrency, unexpectedly for herself became the owner of a small part of Bitcoin, having received it as a gift.
It is reported that the founder of the Bitcoin-gift service Biterica Raz Suprovichi sent Yellen 0.0031642 BTC (approximately $ 20) via her email address at the University of Berkeley.The well-known critic of the Federal Reserve and part-time supporter of cryptocurrency Ron Paul published an article entitled "Trump Is Right, Fed Is Crazy", where he urged to abandon the fiat money printed by central banks, and start using alternative calculation options, which include cryptocurrencies.
Paul, discussing recent interest rate rises that US President Donald Trump called "crazy", explains that people always prefer using precious metals in cases where the national currency becomes unstable because the value of gold and silver is more stable. Therefore, the only chance to avoid a pending crisis is to abolish the "monetary madness," which includes the taxing of Bitcoin and other cryptocurrencies.
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