Bitcoin to peak $1 Million.

The vice president of blockchain and digital currencies for IBM, Jesse Lund, says that he expects Bitcoin’s (BTC) price to eventually hit $1 million.

In an interview, Lund was questioned about the status of bitcoin. He replied, it is going to be higher than the current price, clarifying, “I’ll go with $5,000.” He then continued his prediction, adding:
“I see Bitcoin at a million dollars someday.”
“I see maybe $5,000 at the end of the year, but I see a way higher upward trajectory.”


Lund also spoke about IBM’s collaboration with Stellar (XLM) and the use of the network’s native asset in IBM’s cross-border payment network, Blockchain World Wire (BWW).


Lund also revealed collaborations with various other digital assets, explaining that they believe “there should be an ecosystem of, a variety of digital assets that provide settlement instruments that enable these cross-border payments, and the participants in the network should be able to choose and negotiate their choices in real-time.” Lund went on to state:
“it could be Ripple, it could be XRP even, it could be Bitcoin, but it would also probably include other instruments, like stable-coins, and even eventually soon — hopefully — central bank-issued digital currencies.”.

Lund differentiated IBM’s payment network from Ripple’s Ripple Net. About a week ago, major Canadian crypto exchange Coin square got interested in the blockchain by acquiring Stellar X, a Stellar-based decentralized exchange.

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Due 31st October for Launch of Telegram Open Network.

Purchase agreements for messenger service Telegram’s Gram tokens will be cut off if the Telegram Open Network (TON) does not launch by October 31, 2019. An apparent purchase agreement with the said terms was obtained by Cointelegraph.


The agreement states the legal niceties of Gram token purchases, outlining regulations for different jurisdictions in regard to the distribution of the tokens. Also the if the network doesn’t release by October 31, 2019, the contract will be considered null and void.


The company release a new digital currency called “Grams” following the development and launch of a new blockchain platform, the TON Network.
Russian media outlet The Bell, reports that the investors have been told that TON is 90 percent ready, but delays are possible because of the “innovative nature of the development.”


As Cointelegraph previously reported, Pavel and Nikolai Durov filed a “Notice of Exempt Offering of Securities” with the U.S. Securities and Exchange Commission (SEC), reporting $850 million raised from 81 investors in the first round of their initial coin offering (ICO) for “the development of the TON Blockchain, the development and maintenance of Telegram Messenger.”


The Durov brothers disclosed that they raised $850 million in the second round of their ICO from 94 investors. It was reported that this autumn Telegram would release a test version of the TON platform.

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‘Exchange Traded Fund’ for Local Crypto Market

An official at, the Korea Exchange (KRX), said the bourse is viewing developments from United States regulators in regard to Bitcoin (BTC) exchange-traded funds (ETFs).


ETFs are securities that track a basket of assets proportionately represented in the fund’s shares. Its viewed by some as a potential development that would herald the mass adoption of crypto as a regulated and passive investment tool.


The U.S. Securities and Exchange Commission (SEC) has to delay its decision on a wide range of proposed crypto-related ETFs, the KRX official reportedly remarked:
“The US has been the front-runner on the Cryptocurrency market and related derivatives, and there are strong voices supporting the launch of Bitcoin ETFs within the market — which is why we are observing the progress and response of the US [SEC]’s decision on Bitcoin ETFs.”


Lee Kyung-ho, a professor at Korea University’s Graduate School of Information Security, argued that pace of the local blockchain sector would eventually pave the way to Cryptocurrency ETF integration, remarking that:
“With the government expanding its investment in research and development of blockchain technology, the projects are expected to minimize or eliminate the risk of integrating ETF transactions in the Cryptocurrency market.”


Lee further highlighted that prospective Bitcoin ETF trading relies on robust Know Your Customer and Anti-Money Laundering compliance, which the Korean has already increasingly been requiring of domestic crypto exchanges. Brian Kelly said he believes there is no shot for a Bitcoin ETF this year — but a very good chance in 2020.

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5 most commonly asked questions about Bitcoin

1. What is a Bitcoin?
A Bitcoin is an electronic currency, AKA Cryptocurrency, that lives on the internet. There is no physical “coin” anywhere, just a string of numbers. It’s based on an emerging tech called block-chain, where the transactions are logged in a string of blocks, linked together to make a chain.
According to the Bitcoin website, “Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen”.
Bitcoin is pretty much like cash for the internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence, relates users.

2. What is the amount of Bitcoins out there?
There are currently 16.73 million Bitcoins in circulation. There can never be more than 21 million Bitcoins, ever. No actual circulation of these numbers can be seen, however, because some coins have been lost forever from theft and computer/human error. The number of new Bitcoins created per year is automatically halved over time until their creation is halted completely with a total of 21 million.

3. Is Bitcoin the sole Cryptocurrency?
No. There are over a thousand different electronic-based cryptocurrencies. There are 1,910 of them listed. Around which they sum up to $240 billion. There is a lot of money in these markets!

4. How to Buy and sell a Bitcoin?
Bitcoins can be bought and traded on exchanges, kind of like the stock market. Coinbase is one of the more widely known exchanges. Others include itBit and Gemini in the U.S. People are able to buy and sell Bitcoins with multiple currencies.

5. How do you store/save your coins?
The safest way to store your Bitcoins is to use what is called “cold storage.” This is where you store your reserve of Bitcoins offline. It could be on a USB flash drive or paper wallet. Then people can keep them in a safety deposit box or somewhere secure. The key is it’s offline and not connected to the internet, so no risk of being hacked. Some people do save them on their computers or on exchanges. there, hacking is a concern.

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Why the market is being crashed by all the bears who are shorting the bitcoin in Bitmex? Even if they earn 80% from it, it will be worthless?

I see Bitmex is emerging as one of the most Popular Exchange in Crypto, but it doesn’t withhold the amount of power needed to crash the Market.

Shorting works as a gamble, where you sell high and buy low. Bitcoin was crashing long before shorting, it was even possible as the market is much more complex than that. It’s quite a risky business and everyone is following on that trend right now. If you can turn your amount to 80% then who wouldn’t accept it, it is totally worth it to take that risk.

On other way it is good that all those big bears throw all BTC as market crash would be the best. Then we can go in and buy cheap Bitcoin. Your BTC holdings are worth less as the price falls, but you earn more of it by shorting the way down.

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Upsurge of the Crypto Industry

A number of markets breaking through the world of crypto.

Bitcoin

Bitcoin billionaire Brock Pierce says crashing of the Mt. Gox crypto exchange was critical, it’s effects are seen in today’s Bitcoin and crypto bear market. His plan to bring Mt. Gox back and refund the investors who lost their Bitcoin can energize the entire crypto market and transform it as a source of pride for the industry.


Ethereum

The Chicago-based crypto exchange ErisX says Ethereum (ETH) futures would have a positive impact on the cryptocurrency market. ErisX says the futures are in line with the CFTC’s mission to support open, transparent, competitive and financially sound derivative trading markets, and monitor fraud, manipulation and malpractices. ErisX is working to launch futures markets for Bitcoin, Ethereum and Litecoin soon this year, with subject to regulatory approval.


Ripple and XRP

Ripple’s managing director of South Asia, Middle East and North Africa will join a panel at Blockchain Applied in Dubai on Tuesday. The session will emphasize on how blockchain and digital assets like XRP can create real value, lower costs and deliver measurable results for enterprises around the world.

Tron

The co-founder of  a decentralized and Tron supporter Misha Lederman showcased his top five Tron developments this week. The BitTorrent token airdrop for TRX holders stood first.


Cardano

Cardano founder Charles Hoskinson put up a new ask-me-anything on YouTube. Hoskinson talks about Cardano’s Shelley update, and its efforts to get Cardano’s currency ADA onto Ledger’s hardware wallets.


VeChain

The team at VeChain is expanding in the US and UK.
VeChain is working to boost adoption of its proprietary blockchain in both countries, aiming to tackle supply chain logistics, Internet of Things, agriculture, identity verification and more.

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Apple finally starts with Blockchain Work.

Apple has submitted arcane filing with the Securities and Exchange Commission (SEC) – but the document has alluring details about the computing giant’s interest in blockchain tech.


Tittle of the document read “Summary of Apple’s Commitment to Responsible Sourcing” it details the company’s commitment “to upholding human rights across its global network of suppliers that support the manufacturing of its mobile communication and media devices, personal computers, and related accessories.” However, the filing as on February 5 mentions Apple’s involvement in the drafting of “Blockchain Guidelines” for the Responsible Business Alliance’s Responsible Minerals Initiative.

According to an RBA press release, those “voluntary guidelines” were released in mid-December of last year and “represent a first industry effort to define a common set of principles, attributes and definitions for the application of blockchain technology to support mineral supply chain due diligence.”

Release of iChain?

The filing doesn’t suffice on what Apple-watchers might most want to know: whether the Cupertino colossus is on the cusp of joining the growing ranks of tech giants that are offering some form of blockchain-related service. Specifically, if Apple is working on some kind of supply chain-focused solution, it hasn’t (yet) shown its cards.


There is visible interest internally, to say the least. The crypto space has seen Apple veterans join industry startups, and in December 2017, as CoinDesk reported at the time, a published patent filing from Apple detailed a proposed program to certify timestamps by combining aspects of blockchain technology with Public Key Infrastructure (PKI).

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Test net Decentralized Exchange launch date out by Binance CEO

Cryptocurrency exchange Binance, CEO Changpeng Zhao tweeted the date of release test net version of its new decentralized exchange as Feb. 20.
Binance DEX, aims to provide a decentralized basis for Cryptocurrency holders to trade tokens, removing liability and security hurdles related to traditional, centralized platforms.


The test net release will be public, with Zhao requesting feedback from users in the same tweet.


The date follows previous announcements with more details about Binance DEX, which will include support for Cryptocurrency hardware wallets. This feature will allow users to trade while retaining control of their private keys, says Zhao.


Promises of a test net had circulated since December, with Binance since launching an over-the-counter desk for large volume traders and other expansion features.


At the time DEX was announced, Zhao added that he anticipated it running either in tandem with the original Binance platform or even replacing it altogether, depending on market reactions.


A company spokesperson confirmed in January, Binance is planning to expand into two new markets as in 2019.

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Clients’ £110m goes for a toss with the death of Crypto trading boss.

Gerald Cotten, 30, solely knew the passwords to access customers’ money – after his demise his wife is now receiving threats.


Canada’s leading Cryptocurrency exchange company says it cannot repay $190m (£110m) to clients because its founder died with their passwords.


QuadrigaCX’s founder Gerald Cotten, his wife reasoned his death at age of 30 “due to complications with Crohn’s disease” while travelling in India to open an orphanage in December.


No other members of the team could access the stored funds but only Mr. Cotton had the sole responsibility, his wife states in a sworn affidavit on 31 January as she filed for credit protection.


Ms. Robertson said MR. Cotton or the company held the key to those $190m (£110m) which is safeguarded in ‘cold storage’. he held “sole responsibility for handling the funds and coins” and no other members of the team could access the stored funds, she added.


In spite of his wife having his laptop she failed to break through the passwords even after hiring a technical expert they failed to decode the encryption. Ms. Robertson added in the affidavit that she and her colleagues are being threatened by online Cryptocurrency communities – especially from Reddit users.


The company’s board of directors applied for creditor protection, with Ernst & Young expected to be appointed on Tuesday to oversee the proceedings on 31 January.


A statement from the board said: “For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant Cryptocurrency reserves held in cold wallets, and that are required to satisfy customer Cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be transferred to us”.


“Unfortunately, these efforts have not been successful.”
QuadrigaCX customers are flooding the social media complaining they are unable to withdraw their money.


Ally Shapoval wrote: “Hello, Quadriga! I withdrew money from my Quadriga account to my bank more than 2 weeks ago. WHERE IS MY MONEY? STILL NOT THERE.


“I sent you emails; you are not responding.”


Another wrote in French: “I have sent lots of emails, but I just get automatic responses, I’m not even able to get my crypto out.”


Questions about whether or not the news of his death is true or is it all just a scam of the company, people doubt.

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