Mike Novogratz: bitcoin Price will no longer drop

Billionaire and head of cryptocurrency trading Bank Galaxy Digital Holdings Ltd. Mike Novogratz (Mike Novogratz) in a new interview with Bloomberg said that the price of bitcoin, in his opinion, in the near future will be significantly reduced. According to his calculations, most likely, BTC will trade in the range of $3000-$6000 per unit and, despite the collapse of the cryptocurrency bubble, can become a means of accumulation, as “this mania created something real.”

Novogratz is confident that institutional clients are already lining up in anticipation of the start of trading Cryptoprotected on the grounds Bakkt and Fidelity in 2019.

At the same basic rate in the future, the Novogratz makes the macroeconomic situation, which now, amid the convulsions of the world economy, it is more interesting than the cryptocurrency.

“We are entering the era of macroeconomics. Cryptocurrency now compared to her less interesting. Long years of macroeconomics was boring, but the cryptocurrency is delighted,” said he.

Recently Mike Novogratz has compared the current situation in the cryptocurrency market with a “methadone clinic” in which investors were previously assigned to the cryptocurrency “almost like religion” and the rise of bitcoin during the period of “speculative mania,” the end of 2017 apprehended as a kind of drug. At the same time partner of the venture capital company Blockchain Capital and one of the leading bitcoin analysts on wall street Spencer Bogart (Bogart Spencer) in an interview with CNBC yesterday said that the current bearish sentiment in the stock market are “fantastic buying opportunities”.


The data storage service based on blockchain raises $1.5 million

Blockchain startup Bluzelle raised $1.5 million in Series A round for the development of tools for distributed data storage.

According to the head Bluzelle Paul Baines (Pavel Bains) in the round involved investment companies: Global Brain, LUN Partners Capital and True Global Ventures.

Bluzelle is a decentralized service which provides a scalable database on demand. The company expects that their product will be of interest primarily to developers who are unhappy with the cost, limited scalability and complexity of existing database systems.

«To store data in a decentralized world we can use as operating system, Ethereum or Hyperledger. Bluzelle we plan to use to store and manage data,» says CEO Paul Baines.

Previously, the company participated in projects based on blockchain technology, working on software for the auditing company KPMG. Also helped in the integration of another member of the “big four” — Deloitte — distributed payment system Ripple

Looking ahead, the startup is considering the launch of ICO to the end of 2017.

«In addition to the recent financing, we plan to sell tokens. Tokens play an integral role in creating cryptoanalytical network Bluzelle», — he said.

Tokens Bluzelle will be the basis for incentive systems that underlie the community of operators of the hardware that actually provide power to rent.

Recall that in the field of distributed data storage are already working on blockchain projects Filecoin, Storj, supercomputers Golem, SONM, and others. And recently the ICO released a blockchain project Сloudwith.me, which promotes the idea of managed hosting to access cloud services Amazon Web Services and Microsoft Azure.


Existing money defective and degenerate into cryptocurrency

The expert expressed confidence that the world is moving to a new system of money and currency: they would not repeat the commodity money of the past (gold and silver), but will restore the important functions formerly performed by the money commodity.

According to Dzarasov, today tells us about moving away from commodity nature of money. This process comes to the limit in the phenomenon of cryptocurrencies. However, the need for the world economy in the full money, which could measure the cost and to serve as a reliable means of accumulation and savings, will not go away. This need has become replenished money substitutes, including various derivatives.

As an example, he cited the futures, allowing to conclude contracts on a subsequent purchase of goods at a fixed price. This is an attempt to capture the purchasing power of money ‒ money that does not have commercial nature.

«That’s why we have to invent tools that would have this feature made up for what it says about the inferiority of today’s money, degenerate in cryptocurrency».

The expert noted anonymity, as an important distinguishing feature of crypto. According to him. the money is not controlled by any government in the world, so is the idea of a liberal philosopher and economist Friedrich Hayek, who had a dream to see money printed, not the state, and banks. However, with the advent of cryptocurrency undermines the role of banks because these funds are simulated and appeal to bypass the banks.

Cryptocurrencies are creating a brand new Foundation for the development of the derivatives market ‒ the derivatives financial instruments whose value is based on the value of the underlying assets (as is the case with futures). But in the end, dramatically expands the financial-speculative market, grow the assets of the financial speculative market. Money, divorced from the commercial framework is not able to fully perform its functions, in this regard, there is a big niche for the emergence of various surrogates that increase risks in the global economy, he said.


Lightning Labs has released a beta version of the client lnd for the main bitcoin network

Lightning Labs has introduced lnd 0.4-beta – a beta version of Lightning Protocol implementation, which the developers consider to be quite functional and safe for use in the core network of bitcoin. The startup also announced that it has raised $2.5 million funding from a number of investors, including Twitter CEO Jack Dorsey.

«We call this release a beta because it has the security, resiliency and security features that we believe are necessary in order for early users to experiment with small amounts of real bitcoins and litecoin,» said CTO Lightning Labs Olaoluwa Osuntokun (Olaoluwa Osuntokun).

Generally, the network of Lightning are available for use in December, however, all the nodes in it (which is already more than 1000) work in test mode and it is possible complete loss of funds.

Now all those people who have opened payment channels with previous releases Lightning should close these channels before upgrading to the latest version.

A significant difference in the new version is the fact that it is compatible with various implementations of bitcoin. If the alpha version relied on btcd to interact with bloccano bitcoin, lnd 0.4-beta allows users to use their preferred server, including bitcoind, Bcoin and others.

Among other innovations appear on the new format of seeders for private keys, specially designed for Lightning; increased resiliency; improved routing of payments, as well as bug fixes and other changes.

In addition to the release of the beta version of its SOFTWARE, Lightning Labs also announced it has raised $2.5 million from investors, including Litecoin Creator Charlie Lee (Charlie Lee), CTO of BitGo Ben Davenport (Ben Davenport), head of Twitter and Square Jack Dorsey (Jack Dorsey), a former COO of PayPal and founder of Yammer David sacks (David Sacks) and others.

Lightning Labs CEO Elizabeth stark (Elizabeth Stark) is sure that the beta FOR and obtained the funding will enable technology Lightning Network to move to a new level of development. However, she added that Lightning is not only scalable, but is also a platform for application development.

In the future, Lightning Labs plans to introduce in Ind a number of new features, including atomic multi-channel payments use routing tools to operators nodes and others. Although already compatible with Bitcoin and Litecoin, these networks are not yet compatible with each other. The solution to this problem the developers also intend to offer over time.

It should be noted that although the output lnd 0.4 marks an important milestone in the development of a Lightning Network, this is still a beta version, so its use is risky due to the possible presence of bugs.

«So right now, users do not need to invest in Lightning more money than they are willing to lose,» warned stark.

In Lightning Labs note that the lnd version 0.4-beta is targeted primarily at developers and advanced users.

With all the details of the release can be found here.


A malicious miner WinstarNssmMiner leads to a failure in the system when it attempts to deactivate

New virus WinstarNssmMiner mining Monero on the computers of the users leads to system failure when attempting to terminate it. Researchers from the company Qihoo 360 detected based on the miner XMRig virus may 16, when he spent three days carried out more than 500 attacks and got so 133 token Monero.

WinstarNssmMiner works, creating a two system process svchost.exe one of which provides the prey tokens, and the second is hiding from antivirus software, while in code laid down a critical error which stop and delete the miner from the infected computer. When you try to get rid of the virus the victim has to restart the computer due to the failure in operation of the system. However, if the miner detects PC antivirus Kaspersky or Avast, it minimizes the activity itself, to avoid detection.

We will remind, in March of this year, Microsoft managed to prevent a massive cyber attack on the computers of nearly 400 thousand Windows users, the purpose of which was to run on infected devices for mining Electroneum.


Russian business made for Russian cryptocurrency

The business community has asked the Federation Council and the state Duma legislation to allow circulation in Russia only domestic cryptocurrencies, noting that the anonymous transactions using foreign currencies can pursue unclear objectives and to serve as a source of funding for the shadow economy. This is reported RIA Novosti with reference to the letter of the Association of entrepreneurs for the development of the business patriotism, «AVANTI», addressed to the speakers Valentina Matviyenko and Vyacheslav Volodin.

Entrepreneurs ask the Parliament to consider amendments to Russian legislation regarding state regulation of issue and circulation of cryptocurrency:

«In terms of global confrontation on the part of competitors in the geopolitical arena, the issue and circulation of foreign cryptocurrency on the territory of the Russian Federation may result in irreversible negative consequences in the economic development of our country and its political stability.»

The letters also noted that the anonymous transactions in foreign currencies can lead not only to the funding of the shadow economy, but to the hidden financing «of universal evil» of terrorism and drug trafficking.

Moreover, decentralization of cryptocurrencies and the lack of security allow you to use this resource with the aim of collapse of the whole monetary system hostile state and, as a consequence, the change of recalcitrant authorities, according to the authors.

«Given the above, as well as the difficult geopolitical situation and the special social significance of the issue, we propose to prohibit in the territory of the Russian Federation and the circulation of foreign cryptocurrency, focus on the development of domestic virtual currency», — say the members of the Association.

We will remind, the Minister of communications and mass communications of the Russian Federation Nikolai Nikiforov recently, at a closed meeting with members of the Moscow city club, said that in the near future Russia, by decision of the President of the country Vladimir Putin, will release its own cryptocurrency – criptural.

«I am so confident to say that we start cryptool, for one simple reason: if we do not, then after 2 months it will make our neighbors in the EurAsEC», – said the Minister.


The former Prime Minister of France has called bitcoin one of the reasons for the coming economic depression

After 2018 there will be a serious slowdown of the global economy due to the lack of long-term investments in innovation. This was stated by former Prime Minister of France Dominique de Villepin (Dominique de Villepin), speaking at the opening of the VI Saranskogo economic forum in Hainan.

According to policy, the new economic depression will be triggered primarily by high corporate and consumer debt load, the global decline in investment activity, as well as the growing trends of de-globalization.

Now, he said, «some of the values in the field of new technologies increase dramatically in price, but they are haunted by the risk of a possible devaluation.» In his opinion, this applies to the US and the price of bitcoin, the price of which has increased tenfold since the beginning of the year.

De Villepin noted that in the years after the launch of bitcoin futures trading on the Chicago stock exchange will increase speculation the cryptocurrency.

«The risk of global economic conflict persists, and the problem of economic growth is opposed to economic weakness,» concluded de Villepin.

Recall, the Chicago Board Options Exchange (CBOE) tomorrow is going to start trading bitcoin futures. CME Group also took the decision to launch trading in futures on bitcoin on 18 December. The second largest stock exchange United States NASDAQ is considering issuing such a product next year.

In the night from 7 on 8 December, the exchange rate of bitcoin exceeded $18 302 and re-rolled. At the time of publication of the material his course is $15 732 according to CoinMarketCap.




On Coinbase Pro added four new Ethereum token

Leading cryptocurrency exchange Coinbase Pro USA have announced support for four new Ethereum tokens of the Dai (DAI), Golem (GNT), Maker (MKR) and Zilliqa (ZIL).

Trading of these assets will be available in selected jurisdictions. So, GNT, and DAI will initially be available only to residents of USA (excluding new York), UK, EU, Canada, Singapore and Australia. MKR and ZIL are also available in all these countries except USA.

In a statement, the exchange notes that the addition of new assets is the sequel announced earlier this year initiative to add tokens standard ERC-20 products in Coinbase.

Previously, the company has added support for 0x (ZRX), Basic Token Attention (BAT), Civic (CVC), district0x (DNT), Network Loom (LOOM) and Decentraland (MANA), as well as stablon USD Coin (USDC). Of the four new assets only GNT technically is not a token ERC-20.

In the future they can also be added to the platform for a quick investment Coinbase.com in mobile applications of the company.

Earlier this week, Coinbase has added the ability to direct convert one cryptocurrency to another for users Coinbase.com and mobile applications on iOS and Android.

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Consideration of the draft law «On digital of financial assets» moved to spring 2019

The state Duma will take consideration of the draft law «On digital of financial assets» in the spring session of 2019. This was announced by the head of the faction «United Russia» in the state Duma Sergei Neverov, writes news Agency REGNUM.

He noted that the issues in the field of digitalization are important for the Russian deputies. Sergei Neverov added that «the accelerated development of technologies and solutions will allow Russia to be competitive.» However, it remains unknown why the state Duma has delayed consideration of the bill, despite its importance, from the point of view of the Deputy.

«For us, it will be important to consider in the second reading during the spring session the bill our colleagues about the digital financial assets, which are considered in the first reading and the adoption of which is already overdue,» — said Sergei Neverov.

Earlier, Deputy Prime Minister of the Russian Federation Maxim Akimov said that the authors of the draft law «On digital of financial assets» do not plan to make any changes.

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Analysis of prices of BTC, LTC, ETH (19.12.18)

BTCUSD: Bitcoin prices continued to grow on Tuesday in a narrow range, consolidating $42 to $3523. Nevertheless, the growth continues today, with high of the day was the $3759. At $3750 we have built up a long position in BTCUSD. Alligator and MACD continue to indicate a price reversal in the direction of $4400 resistance.

LTCUSD: Litecoin stalled Tuesday while trying to gain a foothold above the resistance of $27. During the day the initiative passed from bears to bulls and back, but ended trading at around $led light bulbs 26,95. Today LTCUSD is growing on the background of recovery of the whole stock market above $30 per coin. Recall that we continue to hold long from $21,20, and in the case of downward correction – position stackable with $21,20.

ETHUSD: Ethereum ended Tuesday unchanged at the level of opening — $91,90. That didn’t stop the bulls, who are in the Asian session of today’s trading continued to push a few ETHUSD up, testing the resistance of $100, where $102 level triggering a buy signal. Previously opened long $85 we also continue to hold. Assume that at least was installed the 15th of December, after which until the end of the year will see an upward trend for the cryptocurrency.