Let me tell you in my opinion the big news in small doses of comments.
The American financial technology company Ripple has announced that he will join Open Payments Coalition, a consortium working to launch the PayID global payment system. Your users will have unique identifiers compatible with any financial services provider. With your help, they will be able to receive transfers (even in bitcoins) through PayPal, Western Union and any bank. Although Ripple remains a centralized database, it maintains the support of the traditional banking sector and this makes it powerful. At the same time, in my opinion I think that the idea of PayID could be a very good springboard for growth over time. If payment methods join hands unconditionally, it could be a turning point in the sector.
Whale Alert recorded a transaction for 39.635 BTC on the Bitcoin network, which at the current rate is more than 2,7 billion dollars. It became part of a cycle during which seven transfers were made ranging from 27.635 to 39.635 BTC. I don't know how they always intend movements of this style, but as long as the M2 of money circulation moves it is good for the ecosystem.
The Center for the Development of the Industry China IT has published a new 18th edition of the crypto project rating. The authors of the report analyzed 37 blockchains, but this time there were no significant changes. And I don't understand, on the one hand they give the Chinese problems and close them down, on the other they analyze them and promote them. Weird weird weird.
According to a new report from Chainalysis, only 3,5 million bitcoins participate in the exchange of brokers and therefore determine the price of an asset. Analysts write that during the entire existence of Bitcion, 18,6 million coins were mined. In my opinion, if brokers do not move the price of bitcoin upwards, retailers will be left waiting, since real OTC does not really raise the price. I believe that brokers continue to feed off the few holders and that is why you have to have high knowledge in trading. That is why I offer this quantitative trading course that has nothing to do with fundamental or technical.
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The social content platform Reddit has announced a partnership with the Ethereum Foundation, with the aim of developing a bonus points system. However, at the moment, Reddit does not understand how this system will attract millions of users on the platform. I don't see what the real interest of this change will be.
Since July 27, the fintech startup Revolut will change its cryptocurrency policy. It will transfer ownership of crypto assets to its clients: they will own the “financial value of cryptocurrencies.” A hard blow is rising in the Fintech market and if they do not start doing things well they will have a big problem with future regulators. Regulation is hitting hard in my opinion.
El Central Bank of Thailand plans to create a prototype payment solution for companies that use so-called national digital currencies (CBDC). Using the prototype, the agency will be able to develop an integration plan with the financial and procurement management system in place today. I believe that if they migrated to the Japanese model where the various fiat and crypto assets coexist, it would be much better.
The cryptocurrency startup Tozex has announced an alternative form of STO and ICO to attract financing for blockchain projects: the reward offer of possible believers in programs will be announced shortly. The project's press release said the new method will help companies survive times of crisis and obtain better financing opportunities. I think they are preparing a second wave of ICO and this would be a disaster.
