Crypto insiders say that bitcoin may go past its previous 20k high, and IBM let’s go of one of its most famous bitcoin champions, let’s start the show Welcome back to crypto global news, thanks to tuning into today’s show – I am Edward, we would really appreciate it if you like, share and subscribe, enjoy today’s episode
IBM is one of many companies working on cross-border payment solutions for banks and financial institutionsIBM’s head of blockchain Jesse Lund has reportedly left the company, Lund had previously been part of R3, a consortium of banks like Wells Fargo (where he was previously employed), which picked up Mike Hearn after he quit Bitcoin development The prediction is based on the idea that a substantial portion of the world’s wealth will be concentrated in decentralized ledger technologies At present, the various assets in the class are at best exotic and volatile Let’s see what Mr
Lund’s next move is Litecoin is topping headlines, as it has had a huge surge in recent days After hitting a low of $2293 back in December, litecoin has surged back to $11815 in May
It’s a meteoric rise of 416 percent that dwarfs even bitcoin’s resurgenceThe number litecoin addresses have grown rapidly in 2019 and a handful of celebrity endorsements have raised the coin’s profile Let’s see if Litecoin is the big news at the end of 2019 The number of wallets holding between 1,000 and 10,000 bitcoin has seen a major increase since the crypto market bottomed out during the crypto winter, indicating significant accumulation during the price dip The Analysis begins by comparing bitcoin’s distribution landscape today with data from August 2018, when the top coin was last trading in a circa $8,000 price range
The analysis focuses on so-called “Firm Size” bitcoin wallet addresses — defined as those holding between 1,000 and 10,000 BTC — and notes that such addresses now own over 26% of circulating supply, or $36 billion worth of BTC So, will this bull run see a whole new batch of bitcoin millionaires? Internet of Things blockchain network Iota has finished preparations to further decentralize its transaction validation, According to a press release and blog post from the company, its Coordinator mechanism will now give away to a new tool dubbed “Coordicide” Like its predecessor, Coordicide will manage transaction security, ensuring transactions process and that the same funds are not spent twice (so-called double spending) According to executives, the move marks a major step towards complete decentralization for IOTA, which had previously stressed its Coordinator was a temporary fixture
Where will the battle between decentralized and centralized end up in the blockchain space? The bitcoin price rally continues to push north, and there are people predicting that it may retest the all-time high of $20,000 according to Andy Cheung, head of operations at Malta-based cryptocurrency exchange OKEx this is likely Cheung called $20,000 a “conservative prediction,” hinting that most speculators are less likely to exit their long positions now that BTC has already rebounded by more than 180% from its low near $3,120 in just 163 days Where is Bitcoin headed? Only time will tell, bit if it does hit 20k again this year, how will this affect the crypto space and how will this affect investing more generally? Many thanks for tuning into today's episode, please make sure you like share and subscribe, For crypto global news I’m Edward, until next time you take it easy
