📺 09 May 📺
Ethereum Could Be the Next Apple: Steve Wozniak
"Blockchain platform Ethereum could be the next Apple, one of the iconic tech company’s co-founders said this week. According to Forbes, Steve Wozniak made this bullish prediction in front of 5,000 people at this week’s WeAreDevelopers conference in Vienna. “Ethereum interests me because it can do things and because it’s a platform,” he said, adding that it could prove to be as influential as Apple over the long-term. At present, Apple has a market cap of $921 billion, which makes it approximately two-and-a-half times larger than the entire cryptocurrency market cap. Ethereum’s market cap is slightly below $68 billion. As CCN reported, Wozniak has long been a fan of bitcoin and other cryptocurrencies. In the past, he has praised bitcoin in particular for its utility as a store of value. “There is a certain finite amount of bitcoin that can ever exist,” he said at the Money 20/20 conference last October. That makes it “more genuine and real” than the dollar, which is “kind of phony” since it is often manipulated for political reasons. “Your house has value. And if it is a house today, 40 years from now, it still is a house in value, even if the price increases over time,” he added. Wozniak has also said that bitcoin ranks favorably to gold: “Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics.” Despite this bullish outlook, Wozniak said that he divested most of his holdings after finding that he spent too much time and energy following its volatile price movements Unfortunately, he accidentally sold many of those coins to a scammer who paid with a stolen credit card. The payment was reversed by the actual cardholder, leaving Wozniak approximately 7 BTC in the hole. Wozniak, meanwhile, continues to hold one bitcoin and two ether, funds that he says he uses to experiment with the technology — not as a speculative investment."
Read more: https://www.ccn.com
Bitcoin Mining Firm Trolls Warren Buffett with Billboards Outside His Office
"Genesis Mining‘s bitcoin advocacy campaign has posted billboards outside of Warren Buffet’s office to remind him that he was wrong about Google and Amazon and warn him he may be wrong about bitcoin, too." The billboards went up shortly after Buffet dissed bitcoin during a Berkshire Hathaway annual shareholders’ meeting."
Read more: https://www.ccn.com
Steve Wozniak Compares Ethereum to Apple at Vienna Conference
"At the WeAreDevelopers tech conference in Vienna, Steve “Woz” Wozniak compared Ethereum’s platform with Apple and said it could become just as influential, Forbes reported May 18.
While delivering his speech at the conference, Wozniak was enthusiastic about Ethereum (ETH), describing it as a platform similar to Apple’s. He said that in the long-term Ethereum can become just as influential as Apple is. He added:
“Ethereum interests me because it can do things and because it's a platform.”
According to Forbes, Wozniak happened upon Bitcoin and Ethereum in its early days, although he divested from crypto in early 2018. Wozniak said he still owns one Bitcoin (BTC) and two Ethereum (ETH) to “experiment with paying for different things.”
On Thursday, in his opening speech at the conference, Wozniak called blockchain “the next major IT revolution that is about to happen.” He said that both blockchain and cryptocurrencies will achieve their full potential in a decade. In October of last year, Wozniak said at the Money 20/20 conference in Las Vegas that Bitcoin is better than gold or the US dollar.
After Apple, Wozniak has remained part of the the tech world, founding the coding academy Woz University that has 31 coding centers across the US."
Read more:
https://cointelegraph.com
Iran and Russia Discuss Transacting in Crypto to Avoid International Sanctions
"Iran and Russia could start using cryptocurrencies to avoid Western sanctions, Russian news portal RBC reported yesterday, May 17.
Mohammad Reza Pourebrahimi, the head of the Iranian Parliamentary Commission for Economic Affairs, referred to cryptocurrencies as a promising way for both countries to avoid US dollar transactions, as well as a possible replacement of the SWIFT interbank payment system.
At a meeting with Dmitry Mezentsev, the Chair of the Federation Council Committee on Economic Policy, Pourebrahimi said that they have “engaged the Central Bank of Iran to start developing proposals for the use of cryptocurrency.”
Pourebrahimi added that he discussed this topic in the State Duma's Committee on Economic Policy the day before and that Iran had established cooperation with Russia on this issue:
“They [Russia] share our opinion. We said that if we manage to move this work forward, then we will be the first countries that use cryptocurrency in the exchange of goods.”
In turn, Mezentsev noted that “interbank relations between our countries should be of great importance” against the backdrop of international sanctions currently in place against both Russia and Iran. The meeting of the interbank working group on financial and interbank cooperation will be held in Tehran on July 5 of this year, RBC reports.
Last week, Pourebrahimi had reported that without access to the international banking system, Iranian citizens have so far succeeded in siphoning a staggering $2.5 bln out of the country in crypto.
Venezuela, another country facing international sanctions, recently released its own oil-backed cryptocurrency, the Petro, in a move that some critics saw as an illegal way to enter the international financial markets. After the Petro’s launch, both Turkey and Iran had expressed interest in releasing their own state-backed cryptocurrencies as well, with Russia’s own CryptoRuble reportedly set to launch in mid-2019."
Read more:
https://cointelegraph.com
Switzerland First in Ranking of Top 10 Most Blockchain-Friendly Countries in Europe
"Switzerland is ranked number one in a list of the top ten European countries for starting a blockchain company, according to a study released by blockchain conference BlockShow Europe 2018.
In the list of best countries for starting a blockchain company, Gibraltar and Malta follow Switzerland in second and third respectively. The study consisted of 48 European countries that were examined for rankings by Initial Coin Offering (ICO) regulations, regulations on crypto as a payment service, and taxation frameworks for crypto.
Switzerland is known as a crypto-friendly nation due to both its establishment of a virtual currency hub, “crypto valley,” in Zug and its status as a tax-free haven for crypto investors. Gibraltar has reportedly attracted 200 ICOs before the planned launch of its Gibraltar Blockchain Exchange (GBX), and Malta, the “blockchain island,” has welcomed major crypto exchanges Binance and OKEx recently.
BlockShow also released a poll this week on blockchain-based app Polys that allows users to vote on the leading women and companies in the EU blockchain space. The winners of the poll will be announced during the BlockShow conference at the end of this month in Berlin.
At the beginning of February, the European Commission announced the launch of the EU Blockchain Observatory and Forum as part of their aim to unite the economy around blockchain. However, more recently, newly approved EU privacy laws – which come into effect on May 25 – arguably conflict with the decentralized nature of blockchain technology."
Read more:
https://cointelegraph.com
Cryptocurrency Market Rebounds After Poor Week, Ether Gains 5% and Aelf Rises 17%
"The cryptocurrency market has rebounded over the past 24 hours by around $17 billion, from $365 billion to $382 billion. Major cryptocurrencies including bitcoin, Ether and EOS increased in the 3 to 7 percent range, pushing the cryptocurrency market towards the $400 region.
Ethereum and Tokens
Ether, the native cryptocurrency of the Ethereum blockchain network, has been the best performing cryptocurrency amongst major digital assets in the likes of bitcoin, EOS, and Cardano. The price of Ether recovered to $713, rising by more than 5 percent.The daily trading volume of Ether has started to near its previous levels in early January and February, during a period in which the price and volume of Ether achieved an all-time high. The rise in the volume of Ether has demonstrated the increase in the demand for cryptocurrencies from investors in the global market, especially in regions like Japan and South Korea.
According to CryptoCompare, a cryptocurrency market data provider, the daily trading volume of bitcoin and other cryptocurrencies in Japan and South Korea had significantly dropped from May 15 to 18, by nearly 30 percent.
Some experts including Bithumb and UPbit executives previously stated that the imposition of impractical policies by the South Korean government led the volumes of exchanges to fall, but it remains unclear as to why the volume of Japanese exchanges suddenly fell within a 3-day period. It is possible that rumors surrounding bitFlyer caused the market to lose confidence temporarily, as the volume of the Japanese market started to recover after bitFlyer executives refuted rumors of potential hacking attacks.
As seen in the chart below, the volume of bitcoin has continuously declined since it tested the $10,000 support level earlier this month. After reaching $9,900, the price of bitcoin dipped below $7,900 and the volume of the global market declined."
Read more:
https://www.ccn.com
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