December 1, 2020

Cryptheory

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Shortly from the Cryptoworld

3 min read
Shortly from the Cryptoworld

 

Tesla shares commemorate Bitcoin in 2017

 

Tesla shares are reminiscent of the Bitcoin chart in 2017 when it reached $ 20,000 and just before it plummeted. It was pointed out by billionaire Mike Novogratz, who heads the Galaxy Digital cryptobank.

 

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Problems with withdrawing money from Coinbase?

 

Coinbase, the largest US cryptocurrency exchange, does not allow some of its customers to make withdrawals worth more than $ 10 a day. This experience was shared by a customer on Reddit, claiming that his subsequent request to raise the withdrawal limit was denied to him, including a screenshot as evidence.

 

Shortly from the Cryptoworld

 

“Amazing when you finally make your first million dollars, you’ll only need 274 years to pick them. But now seriously, maybe it’s just a temporary system error… ”one of the users wrote. Cointelegraph asked Coinbase for comments but has not received any response yet.

 

BitPay addresses the implementation of the Lightning Network and supports other cryptocurrencies

 

BitPay, which has been operating since 2011 and is a leading crypto currency payment service provider, carries out transactions worth over a billion dollars annually. They currently works with more than 30,000 different companies that receive payments through Bitcoin, Ethereum and Bitcoin Cash, including Microsoft and AT & T. BitPay, however, does not sleep on its laurels and wants to start using Lightning Network technology in the near future, which solves problems scalability bitcoin. In an interview with Cointelegraph, CEO Stephen Pair said customers would soon see support for more cryptocurrencies. They do not specify what is going on, but hinted that the currencies would be the top positions according to market capitalization.

 

Digitization is a priority for China. Including blockchain

 

Chairman of China’s first commercial commercial bank Minsheng, Hong Qi, said digital transformation is a national priority for China. “Completely adopting digital technologies such as blockchain should accelerate digital transformation and improve China’s agricultural, manufacturing, financial and other services over the next 10 years.” Bankers in China believe that the blockchain will change the basic standards of the financial system and will have a huge share in the functioning of the entire existing banking system.

 

The US government is preparing 4,000 BTC to auction on 18th February

 

More than 4000 BTC, equivalent to approximately $ 37 million, will be auctioned by US officials on February 18 this year. Deposits of $ 200,000 are required and must be registered by February 12. The first auction took place in the summer of 2014, where investor Tim Draper won less than 30,000 BTC. Since then, many other auctions of this type have taken place in the United States.

 

Winklevoss brothers obtained patents on stablecoin technology

 

Gemini cryptoexchange owners and big cryptocurrency supporters, Tyler and Cameron Winklevoss, have received six patents from the US patent office on stablecoin technology. They all received between August 2019 and January 2020. According to their words, stablecoins could be issued by commercial banks. Patents further indicate how stablecoins could be used in financial transactions through smart contracts.

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