$ 50 000 Price and Inevitable Fall: The Wolf of Wall Street analyzed Bitcoin 286

Цена в $ 50 тыс. и резкий обвал: «Волк с Уолл-Стрит» проанализировал будущее Bitcoin

Former american broker Jordan Belfort, known as the wolf of Wall Street, shared his expert opinion on Bitcoin and consequences waiting for Bitcoin holders in an interview to entrepreneur Patrick Bet-David.

Belfort has announced that does not considers Bitcoin to be a scam, however there is a lot of crypto-related fraud that is actually very dangerous for those who do not really know how it all works.

He himself did not invested in Bitcoin or other cryptocurrencies “even a penny” having said that his public opinion towards it is different. “The Wolf of Wall Street” does not deny that some financial behemoths like Goldman Sachs will finally come to the cryptocurrency market, however, he says that ordinary people will suffer from that.

“Something [Bitcoin] was designed to be used as a currency, and it’s being used as an investment vehicle […] As a currency, Bitcoin is no more useful at $20,000 or $100,” he said.

Ironically, Belfort called Bitcoin “a wolf in sheep’s clothing”. According to him the coin rate “can reach even $50 000” before the inevitable fall.

The broker is also sure that it is possible to make money on cryptocurrency only when its rate grows. It is important to leave the game in proper time. Belfort expects Bitcoin to fall from $30 000 to $1.

Last September Belfort said Bitcoin was fraud. In particular he worried about the fact that digital currency can be an easy target for hackers.

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The UN Will Cooperate With the IOTA to Increase the Productivity of its Work 825

The UN Will Cooperate With the IOTA to Increase the Productivity of its Work

The UN branch, called the United Nations Office for Project Services (UNOPS), will work with the IOTA to improve the management of UN records using the distributed IOTA open-source ledger.

The announcement of the partnership came out on Tuesday, the 22nd of May. The co-founder of IOTA Dominik Schiener supported the idea of ​​cooperation by saying:

“We are thrilled to begin working together with UNOPS and to tackle current and future challenges together. The IOTA Foundation is fully committed to putting the IOTA Tangle to work on behalf of important humanitarian and development causes.”

The technology is going to advance administering and validating important documents, provide a real-time transaction system. The goal of the project is to include all connected devices by checking the accuracy and transactional calculations that contribute to the development of these devices in order to provide their properties and data in real time, which is one of the features why the UN chose IOTA for cooperation.

The special adviser on the blockchain technology at UNOPS, Yoshiyuki Yamamoto, said that the ledger can work with batteries or alternative charging methods, which can be very useful for territories that do not have constant access to the Internet or even electricity.

As this collaboration will become a kind of experiment, Yamamoto is not sure how long it will take to fully implement the IOTA technology. He said that it depends on many factors, which include the complexity of the problem, the type of software, the user’s participation, so the results will be difficult to predict.

In the nearest future, IOTA technology will be supported by IoT devices that do not have high processing power requirements.

The UN considers this technology very promising, arguing that the organization would not cooperate with the project unless it proved its potential.

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Coinbase Exchanged the GDAX Platform For Paradex 360

Coinbase 将GDAX 改名Coinbase Pro

The GDAX cryptocurrency platform will cease its operations, while a new one called Coinbase Pro will be launched to serve individuals whose core business is trading in cryptocurrencies. The announcement was made by representatives of the American cryptocurrency exchange Coinbase.

The Coinbase Pro developers have left the same tools that were used with its predecessor GDAX and also added new ones. For example, the system of placement and cashing of funds will be simplified at the new platform. Users will also have access to advanced analytics and will be able to post their portfolio on the updated corresponding page.

Moreover, the cryptocurrency exchange purchased the decentralized platform Paradex, functioning on the 0x protocol. GDAX plans to launch its own digital coin Wallet Coinbase, which will provide the opportunity to trade with hundreds of tokens. The new wallet will be included in the new platform in a few weeks and is available to US cryptocurrency exchange customers.

We remind you that the company Coinbase announced the release of new products in mid-May, which is targeted at institutional investors. During the announcement, such products as Coinbase Institutional Coverage Group, Coinbase Custody, Coinbase Prime and Coinbase Prime were presented.

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