Cryptocurrency news today 16 August

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Cryptocurrency news today 16 August

Team Cryptocoins.group presents to your attention a regular column – “the news of the cryptocurrency today”. Recall that in this column we publish news, which influence on the exchange rate of the cryptocurrency of the TOP 100 by market capitalization according to Coinmarketcap.

9 and 10 October at the Bali summit XBlockchain dedicated to blockchain and its implementation in the real economy. Meeting plan to attend the representatives of Indonesia, Singapore, Australia and UAE. Among the speakers announced as the Minister of Finance of Lithuania Vilius Caps, the founders of the various blockchain-based platforms and highly skilled legal advisers and candidates of economic Sciences.

Ripple plans to expand its influence in the Chinese market with a new blockchain solution. This company is very interesting Asian region as a whole: before that deal was made with the Hong Kong company LianLian International about the use of xCurrent. Now the Ripple is in talks with Chinese banks and state organizations to not only resolve legal difficulties, but also to talk about the new payment solutions for international payments. At the moment, with Ripple cooperate with more than hundreds of different financial companies, including UBS and UniCredit.

Tyler Winklevoss, the head of the cryptocurrency exchanges Gemini, spoke about his vision of the market. He believes that while investors on wall street not yet ready to enter the cryptocurrency environment, it takes time. But they already take seriously digital currencies and the blockchain, and hence their entry will happen very soon. Of course, much hindered by the lack of a clear regulatory framework and a common position of regulators. So everyone is expecting the approval of a bitcoin ETF.

Ted Rogers, President cryptocurrency project Haro, believes that a large part of the cryptocurrency (90%) from the list of CoinMarketCap will cease to exist soon. We can already become witnesses of the extinction of the cryptocurrency, according to Rogers. However, he believes that this chance for buying bitcoins at a low price. Of course, such a dubious statement about the death of altcoins could not remain unnoticed. In the comments to his statement was a valid point that just altcoins are more speculative in nature and therefore fall faster.

Another lawsuit related to cryptocurrencies were filed in court in Los Angeles. Michael Turpin, the founder of the BitAngels group of investors, accuses AT&T of stealing personal data of its customers. Turpin argues in his 69-page lawsuit that the Telecom giant is complicit with the fraud which was committed burglary two for the last time. Turpin lost twenty million dollars due to the fact that there was open access to his mobile phone. Besides, Mike requires two hundred million moral compensation.

Acne Buterin spoke about his vision for the future of the blockchain and Ethereum, co-founder and face of which he is. At the moment Buterin pays great attention to scaling issues and protocols “proof-of-stake”, and, according to him, there was a lot of work to improve our algorithms and restrictions. Besides, he said that work on the Casper Protocol is almost complete and awaits a detailed analysis. While the blockchain, according to Vitalik, not actively used. Although many recognize the value of cryptocurrencies, the blockchain but very much is still lacking: for example, provide privacy and promote it. He stressed that all States should pay attention to the regulatory framework.

Stay tuned not to miss any important event from the world of cryptocurrency!

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