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BitMEX CEO: the fall of the market could last another 18 months

ICO-NEWS-the-fall-of-the-market-could-last-18-months Arthur Hayes | BitMEX CEO

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.

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Former head of the US Federal Reserve received a bit of Bitcoin as a gift

ICO-NEWS-Former-head-of-Fec-received-Bitcoin Janet Yellen | Former head of the US Federal Reserve

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.

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Ron Paul: Exempting cryptocurrency from taxes will help avoid the recession created by the Fed

ICO-NEWS-Exempting-cryptocurrency-from-taxe_20181031-063757_1 Ron Paul | Economist

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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Founder of Xapo: Bitcoin has yet to prove its success

ICO-NEWS-Bitcoin-has-yet-to-prove-its-success Wences Casares | Founder & CEO of Xapo

The founder and CEO of Xapo, Wences Casares, stressed that Bitcoin is an intellectual experiment that still needs years to prove its success.

"It may work, it might not work," Casares said on Monday in a Bloomberg Television interview. "We are in the equivalent of 1992 for the internet," said Casares.

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CFTC Commissioner Recognizes Blockchain and Fintech Industry Potential

ICO-NEWS-CFTC-Recognizes-Blockchain-Industry-Potential Rostin Behnam | CFTC Commissioner

During the international meeting of regulators held last week, a member of the Commodity Futures Trading Commission (CFTC) positively assessed the potential use of the blockchain, emphasizing that the agency should respect the role of technology in financial markets.

CFTC Commissioner Rostin Behnam called for "unbiased regulation" of the financial technology industry, in particular, noting a number of applications for the distributed registry (DLT) during his speech at the annual International Association of Swaps and Derivatives (ISDA) in Tokyo.

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The head of Indian NASSCOM called cryptocurrency illegal

ICO-NEWS-NASSCOM-called-cryptocurrency-illega_20181027-070205_1 Debjani Ghosh | President of NASSCOM

The head of the Indian non-profit trade organization called the cryptocurrency "illegal" and urged enterprises to comply with local legislation.

Debjani Ghosh, president of the National Association of Software and Service Companies (NASSCOM), consisting of more than 2,000 companies, said that, from an organization's point of view, cryptocurrencies in India are illegal. According to her, the "illegal" status of cryptocurrencies was because the government could not keep up with innovations.

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Nigel Green: Ripple and Ethereum will surpass Bitcoin

ICO-NEWS-Ripple-and-Ethereum-will-surpass-Bitcoin Nigel Green | Head of deVere Group

The head of deVere Group, Nigel Green believes that in the coming years, the superiority of Bitcoin in the cryptocurrency market will significantly decrease. However, this will not prevent the first cryptocurrency to grow by another 5000%.

Green, however, recognizes the merits of Bitcoin and the revolution accomplished by this cryptocurrency, but believes that new technologies and cryptocurrencies will surpass the progenitor in time.

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Dash Core Group CEO: State Cryptocurrencies - The Inevitable Future

NEWS-State-Cryptocurrencies-The-Inevitable-Futur_20181025-063320_1 Ryan Taylor | Dash Core Group CEO

Dash Core Group CEO Ryan Taylor said that cryptocurrency issued by central banks is "the inevitable future." However, he noted that people themselves will decide what forms of money and when to use.

In a conversation with the Cointelegraph at the "Money20/20" conference, Taylor said that central banks have advantages in issuing their own cryptocurrencies. However, it all depends on the adoption of such coins by the market: "the free market can certainly develop a better embodiment of money than the government."

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CEO of Circle: cryptocurrencies need international regulation

ICO-NEWS-cryptocurrencies-need-international-regulation Jeremy Allaire | CEO of Circle

Large economies should begin coordinated regulation of cryptocurrency, said Circle cryptocurrency startup leader Jeremy Allaire. He stressed the growing support for the creation of international regulations for the regulation of digital assets by the cryptocurrency industry.

"Ultimately there needs to be normalization at the G20 level of critical crypto-related regulatory matters," he believes.

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Jackson Palmer: institutional investors will turn crypto into Wall Street 2.0

NEWS-Jackson-Palmer-crypto-into-Wall-Street-2.0 Jackson Palmer | Dogecoin Creator

The creator of Dogecoin, Jackson Palmer expressed concern about the arrival of institutional investors in the cryptocurrency industry. In his opinion, such a development of events could turn a decentralized ecosystem into "Wall Street 2.0".

"This is why I never understand people getting excited about ETFs, Bakkt, etc. Goodbye to decentralized peer-to-peer cash. Hello to Wall Street 2.0." Palmer tweets.

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El Petro's last chance: on the threshold of a decisive stage

ICO-NEWS-El-Petros-last-chance Nicolás Maduro | President of Venezuela

The loud statements of the President of Venezuela about the upcoming triumph of El Petro cryptocurrency and the possibilities to destroy the US sanctions pressure with its help have not yet received practical confirmation.

Against this background, a number of questions arise: is there a future for the coin, will it be presented in the listing of stock exchanges and can Maduro be able to put the country "on its feet" with the help of Petro.

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Fake-miners for Ripple, Cardano and Tether found on Google Play

ICO-NEWS-Fake-miners-found-on-Google-Play Lukas Stefanko | ESET researcher

Fake mining apps for XRP, Cardano (ADA) and Tether cryptocurrency found on Google Play. However, in reality, these applications only pretend that they are mining virtual coins, because from a technical point of view, mining of these tokens is impossible.

Fortinet employees noticed that applications are being promoted on Google Play as a means of mining XRP, Cardano (ADA) and Tether crypto-assets, but in fact, they are used only for displaying advertisements.

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Bakkt CEO: “we are on the verge of a cryptocurrency revolution”

ICO-NEWS-we-are-on-the-verge-of-a-cryptocurrency-revolution Kelly Loeffler | Bakkt CEO

The CEO of the upcoming cryptocurrency platform Bakkt, which is being developed by the operator of the New York Stock Exchange ICE, together with Microsoft and Starbucks, said it intends to carry out a "revolution" in the industry, similar to the one that happened with energy resources fifteen years ago.

On Monday, during a conversation with the publication of Fortune, Kelly Loeffler announced the appointment to the position of executive director of Bakkt former vice president of Coinbase Exchange Adam White. She also spoke about the possibility of a repetition of the situation in the past decade.

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The head of the World Bank: the blockchain potential must be used

ICO-NEWS-The-blockchain-potential-must-be-used Jim Yong Kim | World Bank President

Blockchain has enormous potential that the World Bank must use if it intends to keep up with innovative technologies. This opinion was expressed by World Bank President Jim Yong Kim, speaking at the annual meeting of the International Monetary Fund (IMF) and world banks.

Kim drew attention to the feasibility of using the blockchain to combat corruption and poverty, as well as to improve wealth in general.

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ICO «ViaBTC» on the Bitcoin Cash blockchain raised $ 30 million in 2 hours

ICO-NEWS-ICO-ViaBTC--raised--30-million-in-2-hours Haipo Yang | Founder

On October 8, the blockchain-company and the mining pool ViaBTC completed the initial placement of tokens (ICO) using the Wormhole protocol and the Bitcoin Cash network. According to exchange data, ICO ViaBTC Token attracted $ 3,700 per second, collecting a total of $ 30 million in just over 2 hours.

ViaBTC recently released a new token called Viabtc Token (VIAT) using the Wormhole protocol. The company calls VIAT an ancillary service that enhances the value of the core service with its availability and a bonus token that can be used as a "gas" or cost transfer method. When VIAT was released on the Wormhole network, the developers set a fixed number of coins to be issued at the level of 2 billion tokens.

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Ran Neuner: Bitcoin is «about to explode»

ICO-NEWS-Bitcoin-is-about-to-explode Ran Neuner | Cryptocurrency Analyst

Popular cryptocurrency analyst and host of the television show Cryptotrader on the American channel CNBC Ran Neuner is sure that the price of Bitcoin is "about to explode." On October 7, he wrote in his Twitter account: "I just bought Bitcoin for my parents. It's too obvious that it's about to explode... "

The ratio of Neuner to the price of Bitcoin has almost always been optimistic. In a recent interview with the hedge fund owner Michael Arrington expert said that by the end of the year Bitcoin will reach $ 25,000.

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Co-founder of Ripple Chris Larsen is on the Forbes 400 list

ICO-NEWS-Co-founder-of-Ripple-on-the-Forbes-list Chris Larsen | Co-founder of Ripple

Ripple co-founder Chris Larsen entered the Forbes 400 list this year. He was the 383rd among the richest people in the world in the opinion of the publication, and became the first who entered the list due to the state earned exclusively on cryptocurrencies.

Last week, Forbes released the new Forbes 400 list. Larsen's fortune is estimated at $ 2.1 billion, placing him at 383rd place. The leader of the ranking was Jeff Bezos, who earned $ 78.5 billion over the last year, who dismissed Bill Gates, who occupied the first place in the list for 24 years, from this position. In addition to Larsen, Drew Houston, CEO of Dropbox, made his debut in the rankings.

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Michael Novogratz: this year Bitcoin will not rise above $ 9000

ICO-NEWS-Michael-Novogratz-Bitcoin-will-not-rise Michael Novogratz | Bitcoin-optimist

The well-known Bitcoin-optimist and former hedge fund manager Michael Novogratz, who previously assumed the price movement of Bitcoin to new historical heights until the end of 2018, revised his forecast.

Previously, Michael suggested that the cost of all cryptocurrencies would reach $ 20 trillion, and Bitcoin would cost $ 40,000 by the end of 2018. Despite such positive forecasts, the year is coming to an end, and the current state of affairs in the market does not closely correspond to the declared. In this regard, Mike decided to change his forecast and at the Finance Disrupted conference, he said that by the end of the year Bitcoin would hardly be able to achieve a quarter of the value he had named.

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