Quotes, Week 24 ’18

Quotes, Week 24 ’18

Brad Garlinghouse, Jay Clayton, Martin Mühleise, Changpeng Zhao, and Jimmy Wales speaking on cryptocurrency and blockchain issues.

There's a lot of blockchain craziness, but there are three indicators of market winners. Blockchain will not disrupt banks,it will play an important role in the way our system works. It's a short-sighted view...Bitcoin is not the panacea we thought it would be...

Brad Garlinghouse, Ripple CEO

Bitcoin can replace a dollar, a yen or a euro, so we can not classify it as a security.

Jay Clayton, SEC Chairman

Cryptocurrencies can be used to trade in illegal drugs, firearms, hacking tools, and toxic chemicals. On the other hand, the underlying technology behind these currencies (blockchain) will likely revolutionize finance by making transactions faster and more secure, while better information on potential clients can improve the pricing of loans through better assessment of the likelihood of repayment. Regulatory frameworks need to ensure financial integrity and protect consumers while still supporting efficiency and innovation.

Martin Mühleise, Director of the IMF’s Strategy, Policy, and Review Department

Many people seems to think BTC price was flat before this year, as they appear to be on the graph. To the old timers, it's the same pattern every year. Just the units on the left is different.

Changpeng Zhao, Binance CEO

When I say something is a bubble, it doesn’t mean that I think there’s nothing of value there. It means there’s a lot of noise and there’s a lot of investment money flowing in, and a lot of things are being invested into what does not actually make sense. A lot of projects are going to fail, but we additionally have a lot of scams, a lot of theft, a lot of crazy things happening. So, I just ask people to be careful.

Jimmy Wales, Wikipedia co-founder

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No Ripple vs SWIFT Face Off as Head of Poland’s Second-Largest Bank Joins Brad Garlinghouse on Payment Systems 2020 Round Table

There has been lot of excitement among the Ripple and XRP community about the upcoming face off between Ripple CEO Brad Garlinghouse and Swift CEO Gottfried Leibbrandt on the upcoming Blockchain Economic Forum to be held on 24-26 January, 2019. However, according to the updated speakers list, Michal Krupinski, President of the Management Board and head of the Bank Pekao will be discussing the topic “Is the new era of decentralized payment systems coming?” with Brad Garlinghouse on the Round Table Payment Systems 2020. This got the XRP community talking as some are now speculating the possibility of Bank Pekao to be another Ripple partner. One such enthusiast shared in part, “(Bank Pekao) This bank used to be owned mostly by Unicredit (Ripple Partner) until 2016, when Unicredit decided to sell most of its shares to some polish insurance company. Bank Pekao is known for its technological openness (they were the first in Poland to offer electronic banking for example) so I think it's very probable that Bank Pekao is another Ripple Partner that hasn't been announced yet. Maybe we'll find out next week.” However, another one has this to say, “I really doubt that. They might be another xCurrent customer, but current tax rules in Poland are unfavorable to any cryptocurrency transactions.” Well, it’s all just speculation right now and if they are really one of the Ripple’s client, we’ll soon get to know, by the end of this week. XRP enthusiasts have things to say about Swift CEO not attending the event as well. The reason for same is not known, however, one quipped, “Good decisions. Why go there to embarrass yourself.” While another commented, “He realizes he would lose.” The agenda of the event (https://bef.latoken.com/davos) as shared on the website is: “The emergence of a blockchain central bank for developing countries and a potential structural change in capital markets is the key topic for the upcoming LATOKEN BEF. We gather 100+ high profile economists, regulators, government officials, investors and bankers for deep roundtable discussions and compelling personal stories for informal night receptions.” However, Ripple and Swift will still share the same stage at the 1TC conference in Rust, Germany where Marjan Delatinne, Ripple’s global head of banking and Wim Raymaekers, Swift’s global head of banking market will be going head-to-head to share their views on the future of cross-border payments.
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Binance’s Changpeng Zhao: Bitcoin [BTC]’s price had definitely overshot in 2017

The founder and the Chief Executive Officer [CEO] of Binance, Changpeng Zhao, spoke at the Binance Blockchain Week event in Singapore about his belief that the cryptocurrency market is undervalued. Chanpeng Zhao or famously known as CZ, also reflected on the sudden rise in crypto prices in 2017, according to Micky. CZ said: “I believe… at the end of 2017 there was definitely an overshoot on the price side… There was a lot of guys rushing in, very simple projects with very simple whitepapers. Then of course, as everybody rushed in…once that massive rush-in finishes the price declines.” However, CZ now believes that the bear market has extended beyond reasonable levels, and thinks that this is the longest of all bear markets in the history of Bitcoin [BTC]. CZ added supported his point by saying that in his personal view is that “we are actually overshooting on the lower side now”. The founder of Binance said that since there has been a lot of development in the cryptocurrency field, people are overshooting on the lower side, accepting the possibility that he could be wrong. CZ informed his audience that he barely ever checks prices in the cryptocurrency market and that his main focus in on building his product. CZ expressed his faith in the market and said: “I’m very, very confident that this space will get so much bigger; we just got to be prepared for when that happens.” The CEO took the opportunity to talk about the Blockchain Charity Foundation, which has implemented a number of programs throughout Africa. He said: “There’s two goals… Number one is to spread cryptocurrencies but I think something more important than just donating cryptocurrency to other people, is actually the process of educating people about cryptocurrencies.” Zhao informed the audience about a new initiative which will enable them to feed lunch to one child in Africa with every Binance coin [BNB] donated. James Radecki, Global BD head of crypto trading firm Cumberland, agreed to match all donations in Binance coin [BNB] received from Binance. The post Binance’s Changpeng Zhao: Bitcoin [BTC]’s price had definitely overshot in 2017 appeared first on AMBCrypto.

Altcoins Daily Preview: A Cryptokitties Sponsored Finding Says Changpeng Zhao is Most Influential, NEO Steps up Development while IOTA Rally Inevitable

Latest NEO News A Cryptokitties and Liquid sponsored publication has determined that Changpeng Zhao, Brian Armstrong and Vitalik Buterin are the most influential persons in the crypto world in that order. Well, this is absurd and while we cannot critic their finding, it beats logic that founders of centralized exchanges—and not developers—have been robed. Vitalik is influential and young. For his amazing work at Ethereum, he deserves a better position and so is Da Hongfei, the smart economy agitator and co-founder of NEO platform. Read: Binance’s New UK Exchange Overwhelmed by Demand Amid Brexit Fears All the same, this ranking won’t affect development in anyway. Months after releasing O3 Alliance SDK allowing for dApps to link with wallets without storing private keys, the team has fine-tuned the original version, rolling out an improvement, NEO DAPI v2. The new edition is better, secure and with more pros than cons unlike the previous release. To address some of the pertinent issues, the team worked on further simplifying user experience by standardizing information flow besides allowing dApps to accept NEO signatures as verification and authentication mechanisms. Also Read: Swiss Bank Announces Custody Solution for Digital Assets For security, the wallet from the new 03 NEO DAPI v2 will not only generate transaction and signatures but broadcast transaction to the network. All this is done in a user-friendly interface where the developer receives request from the wallet to perform some function via the dAPI. NEO/USD Price Analysis With a market cap of $489 million, NEO is trading within tight ranges. Nevertheless, we expect this consolidation to be a foundation for the next wave of bulls that will take prices above $15 and even $50 in the near-time. And we have anchors for this optimistic projection. First, NEO prices are down 95 plus percent from 2017 all time high and such a plunge is often always accompanied by an inevitable correction. Now as NEO hover around ATLs, it is likely that the short-term trend has been set and although prices are consolidating within a $3 range with floors at Dec 28 lows, a break above $10 would confirm gains of early Jan triggering aggressive buyers aiming at $10. For this reason, we suggest patience until price action is reinvigorated and prices edge past $10 resistance. After that, stops will be at $8.5 with first targets at $15. IOTA (IOT/USD) Price Analysis Meanwhile, IOTA is technically bullish. From our previous IOTA price analysis, we expect prices to rally towards 40 cents and 50 cents in a bull breakout pattern. Notice that IOTA bulls broke above two levels of resistance—the 4-month resistance level on Dec 22—and above the 30 cents on Dec 22. It is for this reason that every dip in lower time frame should be another buying opportunity with first target at 40 cents. All charts courtesy of Trading View—BitFinex This is not Investment Advice. Do your Research. The post Altcoins Daily Preview: A Cryptokitties Sponsored Finding Says Changpeng Zhao is Most Influential, NEO Steps up Development while IOTA Rally Inevitable appeared first on Ethereum World News.
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