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.
We saw in a globalized world, with infinite difficulties and conflicts. Problems of the complicated solution, disputes between countries, wars, terrorist attacks, environmental disasters, uncontrolled release of money, and many more that concern us. And we think about the number of solutions or ideals of life for all humanity. And this is where the OZOTOP Project comes with its proposal and will revolutionize the society model, providing a community free of negativity and scammers.
Blockchain Life 2019 highlights four significant topics: Blockchain, Cryptocurrencies, StartUps, and Mining.
According to one of the project's investors, on September 1, Telegram plans to begin a public test of its blockchain - TON (Telegram open network).
During the public test, the TON network node code and instructions for installing it should appear in the public domain. Sharding (the process of breaking transactions into separate pieces to ensure scaling) and consensus (a mechanism for confirming new blocks in the blockchain) should also be available, which will allow testing the entire blockchain.
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.
Luno cryptocurrency exchange CEO Marcus Swanepoel expressed the opinion that 90% of users use Bitcoin for investment or speculation, not for payments.
In an interview with CNBC, Swanepoel said that only a small part of the first cryptocurrency users use it for transactions and payments in the real world.
A survey conducted by the Chinese cryptocurrency company BabelFinance showed that local investors are waiting for the growth of Bitcoin, and according to 30% of respondents, the Bitcoin exchange rate for the year will exceed $ 30,000.
The study showed that the average Chinese cryptocurrency investor is a young, well-educated man with above-average income. More than 76.3% of male respondents have a college degree or higher.
The Head of The Bank of England Mark Carney said the US dollar, which is the global reserve currency, needs to be replaced with a digital currency similar to Libra.
According to Carney, trade wars are detrimental to growth and disrupt multilateral cooperation, while central banks live in a world with low interest rates as they struggle to recover from inflation.
Putrajaya, 19th August 2019: BLOCONOMIC has successfully kicked off a blockchain expo with over 1000 attendees coming from 30 countries for 2 days event. The event has been officiated by Minister of Entrepreneur Development, YB Datuk Seri Mohd Redzuan, with his support in blockchain industry in Malaysia.
Bloconomic managed to bridge government agencies with blockchain agency and company like Malaysia Blockchain Association, MaGIC, and TriveAcademy by creating collaboration on training in education spectrum. This initiative is expected to groom and develop more talents who are passionate about going into this transformation initiative.
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.