According to Coinmarketcap, the Bitcoin dominance in the cryptocurrency market is currently about 68%, but Arcane Research analysts believe that in reality it reaches 90%.
The researchers emphasized that the services, when assessing the dominance of the first cryptocurrency, do not take into account liquidity in the market and a decrease in the price of an asset when mass selling tokens.
The US Securities and Exchange Commission (SEC) fined Russian analytical firm ICORating for not reporting payments for positive feedback on various ICO projects.
The analytical company ICORating is engaged in evaluating investments in ICO projects. It includes team members of well-known cryptocurrency projects, for example, NEO.
Spencer Bogart, general partner at Blockchain Capital, a venture capital firm, expressed confidence that Bitcoin will become a safe asset in the long run.
In an interview with Bloomberg, Bogart noted that the risks of devaluation of fiat money would boost the Bitcoin exchange rate.
Circle startup CEO Jeremy Allaire expressed confidence that Bitcoin is attracting investors as a safe asset.
At CNBC's Squawk Box program, Allaire noted that despite the recent volatility of the first cryptocurrency, Bitcoin remains a popular risk hedge.
According to Morgan Creek Capital CEO Mark Yusko, amid the declining market for traditional assets, Bitcoin "could become a hedge against chaos."
Nicholas Colas, co-founder of DataTrek Research, said that Bitcoin is an excellent indicator of global geopolitical and economic turmoil.
In an interview with CNBC, Colas noted that bitcoin was one of the few indicators that predicted protests in Hong Kong and the subsequent outflow of capital from the region. He also emphasized that Bitcoin has become a safe asset, just like gold.
The operator of the most famous browser blockchain and online wallet, the company Blockchain, announced the launch of its own Cryptocurrency Exchange.
The exchange called The PIT is already running and user registration is open on it, but the trades are not yet open. This will happen within the next two weeks.
Mark Zuckerberg, CEO of the largest social networking site Facebook, said the company is ready to resolve all issues with Libra's regulators.
At a conference on the results of the second quarter of 2019, Zuckerberg stressed that several years ago Facebook would launch a new product without asking permission from regulators. But now the company's policy has changed.
According to US Treasury Secretary Stephen Mnuchin, there is every reason to develop new regulations for cryptocurrency by US regulators.
Over the past few years, the presidential administration has almost completely ignored cryptocurrencies. However, Donald Trump's recent statements about Bitcoin, as well as Facebook's announcement of Libra cryptocurrency project, give a reason to assume that the regulator intends to tackle digital money in order to limit its negative impact on the financial system.
The CEO of the American brokerage company TD Ameritrade Tim Hockey said that Bitcoin has become much more interesting for traders.
"Customers often ask about Bitcoin, but in the US there are significant regulatory obstacles in order to provide the customer with the opportunity to trade cryptocurrencies. We would be glad to participate in this, but we need to make sure that risks for our clients and ourselves are insignificant," said Hockey in an interview.
According to the CEO of Pantera Capital investment company Dan Morehead, by the end of the year the rate of the first cryptocurrency could reach $ 42,000.
Speaking in the podcast Morehead said that his company adheres to the views of analysts who talk about the growth of Bitcoin, based on the trend lines. He also noted that the price of the first cryptocurrency may well exceed the mark of $ 350,000 by 2021.
The well-known cryptocurrency skeptic Nouriel Roubini ("Dr.DOOM") said that cryptocurrency exchanges "are directly involved in criminal activity," especially he singled out the BitMEX platform.
In his report, Nouriel Roubini emphasized that it was a fraud to offer users a trade with a leverage of up to 100, collect high commissions and "drain funds from users into a kind of "liquidation fund".Bank of England Chairman Mark Carney stressed that society needs to recognize the problems that Facebook is trying to solve with the help of the Libra project.
"It's way too expensive to do domestic payments. It's way too slow, and that hurts consumers and businesses. It stifles innovation, and it's far too expensive to send money cross-border, and there are huge financial inclusion issues related to that and costs related to that. So, while we are trying to address all these issues, we have to absolutely acknowledge the problem that they're trying to solve. And if it's not this, we'd better have some answers for what else it is," Carney said at a press conference.
Facebook founder and CEO Mark Zuckerberg tried to dispel some public doubts that have arisen about Libra's cryptocurrency project being developed by the company.
"No company is able to create a sought-after financial system. Therefore, we only laid the foundation and hope that by the time the Libra project is launched, our association will bring together 100 co-founders, among which we will have only one vote," said Mark Zuckerberg.
Jim Reid, a top manager at Deutsche Bank, the largest bank in Germany, said that the US Central Bank reduced the refinancing rate one of the reasons for the rise in Bitcoin.
"If central banks are gonna be this aggressive, then alternative currencies do start to become a bit more attractive," said Deutsche Bank's global fundamental credit strategy head in an interview with CNBC.
Jesse Powell, general director of the Kraken cryptocurrency exchange, is extremely optimistic about the further increase in the price of Bitcoin.
"When I hear people talking about a Bitcoin "correction" I'm thinking $100k, maybe $1m. That's what's correct," he writes on his Twitter account.
Dexage a user-centric Hybrid exchange startup has proven that it is a viable project from its recent vetting and approval for an IEO on two reputable exchanges.
If you have been following this project, you will know that team has not deviated from its road map. Its ICO ended May 31st 2019 and its IEO is started on the 22nd of June 2019. Its investors are delighted with this development and the tenacity of the Dexage team. The question you might have now is; What is an IEO? And how do I participate in the Dexage project?
Here are 4 parts for easy understanding and quick assimilation.
Cryptocurrency analyst and BlockTV reporter Joe Saz believes that after the elimination of short positions on Bitcoin by $ 100 million, the growth of the first cryptocurrency can not be stopped.
"I think that this can keep going. There's nothing stopping it. I don't want to go too far into the clouds here, but there might have even been $100 million plus dollars in liquidations overnight…
I saw a lot of $10 million in short liquidations. So what does that mean? It means a lot of people were betting that we were headed down and they got completely smashed in the face. So I don't recommend to enter any short or long positions," the analyst emphasized.
