Kenneth Rogoff, former IMF chief economist, stated that the price of bitcoin would fall to $100 over a long-term. He said, “I would see $100 as being a lot more likely than $100,000 in ten years from now.” He further added that bitcoin for payment obligations is not of much use beyond tax evasion and money laundering.
Altcoin in China is still struggling to increase the price market. Despite the number of talented developers that have made a large quantity of contribution towards the technology of cryptocurrency. The language barrier could be one of the factors of that is affecting the price market according to the western perspective.
The anonymous entity named Cobra has started a Twitter account and has been sharing thoughts and on cryptocurrencies issues specifically in the bitcoin community. Quoted from the tweet posted in the profile, “Bitcoin cash is cancer on bitcoin that we need to cure ourselves of,” showed the hate towards bitcoin cash.
Cryptocurrency questions and topics increase all over Belarusian according to Russian search engine Yandex. The action took by the Prime Minister, Alexander Lukashenko on the legalization of cryptocurrency in the currency is one of the factors contributed to the interest.
The son of Ol’ Dirty Bastard is to present a cryptocurrency partnering with Link Media Partners. The Dirty Coin will be available on the TAO blockchain network. The coin is set to be traded through AltMarket exchange as and when it is set to go live. The initiative is aimed at generating funds for upcoming Young Dirty Album and merchandise.
The price of bitcoin fell below $11,000. Yesterday, the price stood high at $11,660. The CoinDesk Bitcoin Price index reveals that the Bitcoin price would drop down between $10,900 and $10,600. The cryptocurrency has got low resistance and has fallen at $10,890, the lowest rate of the day.
Cambodia currently considering in releasing their very own national cryptocurrency named Entapay soon after the launching of Venezuelan government backed-currency, Petro. The vision to release the national currency was shared in a press release for the Association of Southeast Asian Nation (ASEAN) Blockchain Summit on March. 2.
Decentralized exchanges IDEX now making $13 million a day while Etherdelta (ED) is still struggling with $1 million. IDEX took the time of ED floundering to enhance its technology by investing to assemble a user-friendly alternative that is easier for the customer to use.
Bitcoin enthusiast is claiming that bitcoin is the future money which will replace current physical currency. However, “traditional” money is needed to buy cryptocurrency. And the bank itself is into cryptocurrencies admires the technology that controls it.
Top three popular cryptocurrency having a reduction of withdrawal fees up to half of the price. Reported, withdrawal fees of Bitcoin currently way cheaper than the price of withdrawal fees for Ethereum. Segwit and transaction batching believed to be the reason behind the slashes of the prices.