Cryptocurrency & ICO NEWS

The CEO of Twitter and cryptocurrency enthusiast Jack Dorsey believes that Africa will determine the future of the cryptocurrency industry.

According to Dorsey, despite the development and adoption of cryptocurrencies in Europe and America, it is Africa that will become the head of the industry. After his tour of Nigeria and Ghana, Dorsey said that the African continent is developing rapidly, but is still very poor and this will be one of the main reasons for the adoption of Bitcoin and other cryptocurrencies.

American entrepreneur and cryptocurrency enthusiast John McAfee believes that cryptocurrency firms are not required to prevent the use of crypto assets for crime.

Ethereum co-founder and CEO of Consensys Joseph Lubin hopes that China's state-owned cryptocurrency will be compatible with open blockchains, including Ethereum.

Lubin expressed his opinion during an interview with Forbes, published on November 9. 

Turkish President Recep Tayyip Erdogan said the government will finish testing digital currency from the Central Bank of the Republic of Turkey in 2020.

The Turkish Central Bank plans to release a digital lira in accordance with the annual presidential program at the end of next year. Along with the launch of its own cryptocurrency, the government is going to begin developing a special platform for making instant payments with a digital lira. The Turkish Council for Scientific and Technical Research (TUBITAK) will also work on the project.

Now a little more than 18 million Bitcoins have been mined, and the maximum number of BTC cannot exceed 21 million. Bitcoin enthusiast Charlie Shrem believes that in a few years even 5 BTC will be able to change the life of their owner.

Of course, 5-10 Bitcoins is from 45 to 90 thousand dollars at the current exchange rate, and not everyone can afford such money. However, on the other hand, even 1 BTC, in the case of multiple growth, can change the life of the owner.

Blockstream Chief Strategy Officer, Samson Mow, believes that regulators' hostility towards Bitcoin could be a "double-edged sword" for the organizations themselves.

Mow said that bitcoin really solves a large number of problems of the traditional financial industry, for example, inflation. In his opinion, the countries of the world will have to accept cryptocurrencies because of their advantages, and the hostility of regulators towards Bitcoin can destroy the credibility of them.

Fundstrat Global Advisor Managing Partner and cryptocurrency enthusiast Tom Lee believes that after the recent strong growth in Bitcoin, the bulls have again begun to dominate the market.

Last Saturday, the rate of the first cryptocurrency grew by 30%, showing a record growth over the past few years. The price of Bitcoin even exceeded $ 10,000. Now trading is at around $ 9,400, but according to Tom Lee, in the near future the rate may again go up.

Heath Tarbert, chairman of the U.S. Commodity Futures Trading Commission (CFTC), believes that Ethereum futures will be launched as early as next year.

During his speech at Georgetown University, Tarbert expressed the view that air futures will appear within 6-12 months, however, the launch of such products does not mean an immediate growth in the cryptocurrency industry.

Well-known American entrepreneur and cryptocurrency enthusiast John McAfee believes that stablecoins are only an intermediate solution for decentralized exchanges.

McAfee mentioned the main problems associated with the conversion of fiat and cryptocurrencies on exchanges. According to him, stablecoins are not quite suitable for use on decentralized exchanges, given that such exchanges do not collect any information about users, including their names, addresses, insurance number, email, etc.

Telegram introduced the first edition of the rules for using the "Gram" cryptocurrency wallet, which was developed by the company to store the tokens of the same name.

The rules say that the Gram wallet is provided by Telegram FZ-LLC and will be built into the Telegram messenger, and is also available as a separate application. One of the main points in the rules is the age limit - only people over 18 years old can use the wallet. In addition, only citizens of countries in which it is not prohibited by law can use the Gram.

Former U.S. Attorney General and current partner at Andreessen Horowitz investment company Kathryn Haun believes open blockchains help solve crimes.

Hon called blockchain transactions "digital bread crumbs," which, one by one, lead to a real criminal. In addition, law enforcement agencies are much more effective at combating crimes committed with bitcoin than monitoring traditional financial flows.

The head of the blockchain division of Facebook, David Markus, in his blog spoke about the shortcomings of traditional payment systems and why you need to switch to systems based on the blockchain.

"As I've been traveling around the world meeting with key stakeholders, it became clear to me that the advantages of digital currency transmitted over a blockchain — notably when it comes to broadening access and lowering costs of financial services — weren't as evident to others as I assumed they were," Marcus began his story.

Speaking at a cryptocurrency summit hosted by Solidus Labs in New York, SEC Commissioner Hester Peirce expressed confidence that digital assets will continue to grow.

Peirce said that she looks at cryptocurrencies and other digital assets as "transactional mechanisms." At the same time, she believes that the function of preserving wealth is one of the most important for this kind of asset.

"Store of value, I think, is a really important function. I do think that we'll see as technology changes, that they become much more the money of the internet," said a member of the US Securities and Exchange Commission.

The symbol of Bitcoin will appear on the form of players of the English professional football club Watford. In addition, the team will begin to sell souvenirs for cryptocurrency.

The football club announced on its website that the Bitcoin logo will appear on the players form as part of the club's partnership with the Sportsbet.io betting platform. The team will also start accepting Bitcoin as payment for their souvenirs.

Binance cryptocurrency exchange CEO Changpeng Zhao said a recent $ 1 billion cryptocurrency transaction shows bank failure.

While many giants from the technology sector, such as Samsung and IBM, are working intensively with blockchain technology, Apple is in no hurry to show interest in this direction.

However, this does not mean that the company is not interested in the new industry. Apple Pay vice president Jennifer Bailey told CNN that the company is eyeing the industry.

Jack Dorsey, CEO of Square's payment startup and founder of Twitter, said that Bitcoin will continue to spread, but it's too early to consider currency.

In an interview with the Australian Financial Review, Dorsey said that, in his opinion, the first cryptocurrency will continue to be widely used, but so far, Bitcoin does not work as a currency.

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.