American economist and trader Nassim Taleb wrote that Bitcoin is a good idea, but most cryptocurrency users do not understand the nuances of its work.
Nassim Taleb participated in a discussion on Twitter with the "Bitcoin maximalist" Giacomo Zucco. Zucco questioned Taleb's views on the imposition of central planning by bureaucrats and politicians, since they have no "personal interest in the success" of this strategy.
Outrageous businessman John McAfee announced the launch of the decentralized exchange Ghost, which is associated with the eponymous anonymous cryptocurrency and will replace the McAfeeDEX platform.
The main network of the anonymous cryptocurrency Ghost should be launched today - until that moment, Ghost tokens were placed on the Ethereum blockchain. The coin will be based on the Proof-of-Stake (PoS) consensus method, and the decentralized exchange Ghost of the same name will become the main platform for trading this cryptocurrency. The site also supports BTC, ETH, DAI, USDT and ESH.
The share of inactive Bitcoins exceeded 60%. The largest increase in the number of inactive BTC since the beginning of the year is observed among coins purchased 10 years and 2-3 years ago.
According to Glassnode, 60.63% of all BTCs did not move for more than a year. These data indicate the consolidation of BTC ownership and that investors who bought cryptocurrency at the lowest prices in 2018 have not yet begun to profit from their investments. More than four years have passed since such a large percentage of outstanding BTC did not move for more than a year.
Binance CEO Changpeng Zhao shared his secrets of success and identified four factors for the effective expansion of cryptocurrency exchanges around the world.
In an interview, Changpeng Zhao emphasized the need for "global thinking." There are many cryptocurrency platforms claiming to be international platforms. However, if we study their activities in more detail, it turns out that they are focused on one specific region, where most of the team is located.
Peter Brandt, an analyst and experienced trader, said that Ripple's XRP cryptocurrency is a fraudulent scam, with the price of coins being constantly manipulated.
Bloomberg analyst Mike McGlone believes that Bitcoin has every chance of reaching $ 20,000 this year and updating its all-time high.
In his article, McGlone writes that technical and fundamental factors increasingly indicate a positive development for Bitcoin. So, Bitcoin is becoming an increasingly popular investment tool, the number of open positions in futures continues to grow. The attitude towards cryptocurrencies among institutional investors is changing.
CoinMetrics notes a high correlation between the price of gold and Bitcoin in recent months. At the same time, according to VanEck, the correlation between assets has increased since March. Correlation is a statistical relationship between two or more random variables. In its latest report, the analytical company CoinMetrics claims that the correlation between the price movement of gold and bitcoin is quite high, and this trend has been maintained over the past few months.
Right after Ethereum co-founder Vitaliy Buterin stated that stablecoins can transfer value between blockchains, we see the RenVM project announcing its core product on 27/05/2020. Now it is the only DeFi project brought up to bring cross-chain assets to the Ethereum ecosystem. First coins to be served that way are the following: BTC, BCH, and ZEC.
The Facebook Libra wallet was renamed to Novi and placed under the management of Facebook's subsidiary, Novi Financial. In a statement, Novi Financial reported that the name Novi was coined as a merger of the Latin words "Novus" ("new") and "VIA" ("path"), and the visual design of the logo should show the natural movement of digital currencies. Like the previous developer of the Calibra wallet, Novi Financial declares its independence from the parent company.
According to Ethereum co-founder Vitalik Buterin, stablecoins do not use one of the important features that allows transferring assets between blockchains. In a long discussion on Twitter, Buterin said that using this feature would increase compatibility and data exchange between different networks.
E-Commerce platform Shopify from Canada has started working with CoinPayments. Now it will surely allow businesses accept payments using the platform (in cryptocurrencies). According to Shopify, which serves more than a million businesses in 175 countries, the partnership with CoinPayments will allow merchants of the platform to receive payment in cryptocurrencies. Last year, Shopify tested the CoinPayments solution before deploying it on the platform. Under the terms of the partnership, companies will be able to receive payments in any of the 1800 cryptocurrencies supported by CoinPayments.
Pavel Durov informed subscribers of his Telegram channel about the completion of work on the TON project. The team's engineers have been developing the revolutionary platform for two and a half years. The developers created a decentralized system in the spirit of Bitcoin and Ethereum with greater speed and scalability.
Ripple has joined the ISO 20022 standardization body. Ripple is about to develop standards for data exchange and payments between global financial institutions. ISO 20022 mainly includes major international commercial banks, Central banks, and major payment companies such as SWIFT and Visa. The Ripple company became the first representative of the blockchain industry in ISO 20022.
Swiss Association of markets and technologies (CMTA) established standards for companies that provide services for storing and disposing of the client's property based on his written order for digital assets.
CMTA's General Secretary Fedor Poskriakov, said that the document was the first step of the Swiss financial industry towards defining common standards for storing and managing digital assets.
"This will greatly contribute to the emergence of fully digital capital market infrastructures, including integrated custody and secondary trading venues. The benefits of the digitalization of the financial industry are such that the evolution towards decentralized infrastructures seems inevitable."our quote here...
Fedor Poskriakov
Paolo Arduino, technical Director of the Bitfinex exchange, believes that bridges between different blockchains will make transactions with usdt stablecoins cheaper. Arduino facilitated the pTokens development team that launched the bridge between the EOS and Omni blockchains. In the future, such bridges for interaction between different blockchains will reduce the load on the network and help reduce transaction fees.
LG's IT division is testing face recognition technology based on artificial intelligence and blockchain for making payments in crypto assets. LG CNS has launched testing of a new facial recognition service for its employees. The platform includes AI, blockchain, and cloud technologies. After identifying an employee, the system allows you to automatically pay for services and products in a corporate restaurant with a digital currency based on the blockchain.
Cardano, Tezos, Cosmos and Fantom are the most technological cryptocurrencies named by Weiss Ratings
Weiss Crypto Ratings Agency in the new rating of cryptocurrency projects has put the highest rating on the technology of four blockchains: Cardano, Tezos, Cosmos and Fantom. Interestingly, of the four named coins, three have risen in price by more than 10% over the past day. And only the Fantom coin added only 5%. The growth of alternative cryptocurrencies was also helped by the growth of bitcoin, which added more than 6% yesterday.
Ethereum co-founder Vitalik Buterin called for the development of a "right" decentralized exchange for exchanging Ethereum for Bitcoin and gateways for other cryptocurrencies.
In his opinion, the fact that the two largest cryptocurrency ecosystems do not have a direct way to exchange their coins is quite "discouraging".
