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 CBDC will determine the future of money and cryptocurrencies

According to Guy Sheffield, Visa’s head of crypto. In the next ten years, the development of central bank digital currencies will affect the confidentiality, monetary sovereignty of states, geopolitics and the adoption of bitcoin. “I’d argue that central bank digital currency (CBDC) is one of the most important trends for the future of money and payments over the next decade. Regardless of anyone’s personal views of whether it’s good or bad, the reality is that global interest in it is not going away,” Sheffield tweeted. He noted that earlier single articles from central banks were issued on this topic, and now there is a non-stop flow of information from experts, scientists and organizations.

 European companies favor Ethereum

European Blockchain startups most often choose the Ethereum platform, according to research by LeadBlock Partners. 27% of the projects are based on Ethereum, followed by Hyperledger (20%), Corda (16%) and Bitcoin (8%). Analysts note that the choice of blockchain depends on the area in which the company operates. Ethereum is preferred by startups from the real estate, cultural and art sectors since it is convenient to tokenize such assets on the platform. Hyperledger is popular in the healthcare, food and agricultural sectors, and Corda in the financial business.

 The Block: Bitcoin popularity is far from peak

The massive spreading of bitcoin will come soon, according to the Block’s analysts. Currently, the popularity of the first cryptocurrency is far from the peak levels of 2017, when BTC was worth $20’000. Weekly trading volumes then amounted to $17 billion, and in 2020 their average level did not exceed $2.5 billion. In Google, searches for bitcoin dropped by 8 compared with the end of 2017, and the bitcoin page on Wikipedia was studied 30 times less. Cryptocurrency exchange accounts on Twitter gain subscribers 47 times slower: in January 2018, they received 254,000 new users, and in 2020, an average of 5,340 per month.

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 Transfer funds from bitcoin to altcoins is risky

Thinks Jason Williams, a partner at Morgan Creek Digital. According to him, many investors are selling bitcoin right now to buy altcoins and stablecoins. It is a very risky thing to do. "I am sure, if real honest historical analysis was done, it would show holding is a superior strategy", the analyst wrote. He compared this to indices that are ahead of separate companies' shares regarding profitability. Binance head Changpeng Zhao thinks likewise: earlier he claimed that altcoins were hardly to reach their maximum this year.

 Charles Edwards: bitcoin is in for a new rally

Renown analyst Charles Edwards said that bitcoin was ready for a new rally. The Hash Ribbons indicator developed by Edwards confirmed the signal for buying. It is just the twelfth signal the indicator has given through the entire history of bitcoin — the earlier eleven ones were for a rise. The last Hash Ribbons signal was on the 25th of April and after it the price of BTC went up by 34%. The indicator is based on the hashrate and complexity measures. According to the author, the hashrate of the bitcoin network falls down earlier than the regular change in complexity occurs. Periods like that are favorable for entering the market, Edwards thinks.

 The bitcoin billionaire named a "trillion" reasons to buy BTC

Cameron Winklevoss, one of the twin brothers who are bitcoin billionaires, named a "trillion" reasons to buy cryptocurrency. He posted on Twitter the news where the speaker of the US House of Representatives Nancy Pelosi urged the authorities to approve the law regarding the additional support for the population during the coronavirus pandemic. She asked to assign several trillion dollars for that purpose. "We need $1 trillion for state and local. We need another $1 trillion for unemployment insurance and direct payments. Something like that, but probably not as much, for the testing, tracing, treatment", Pelosi said. "A trillion more reasons to own bitcoin", the businessman commented on this news.

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 Opinion: the BTC price will drop down to $7,000 before a new rally

Bloсkroots analyst and founder Josh Rager thinks that the price of bitcoin is ready to break through its historical maximum of $20,000, but it has to drop down first in order to do that. He studied the chart starting from 2010 and noticed that there had been a powerful fall before each explosive growth. For example, the price formed a bear triangle in 2018, then fell from $6,300 to $3,100 and then rose to $13,800. At the moment, the chart shows a similar formation. According to the analyst, the rate will plummet to $7,000 and then it will rise to the historical maximum towards the end of the year

 The nearest target for bitcoin is $8,700

Analyst filbfilb writes. According to him, the price lost its key support at the level of $9,250 and is now on its way to the round point of $9,000. According to the trader, the nearest target will be $8,700 where the week support and the lower boundary of the side channel are. The analyst points out that the price has been consolidating since the beginning of May within the range of $8,600-10,000. This week the price of the first cryptocurrency has lost more than $200 alongside hacked Twitter accounts of cryptocurrency exchanges and some celebrities. The hackers asked the subscribers to transfer bitcoins to the specified address in order to get twice as big the amount in return.

 The bitcoin price is ready to rise up above $11,000

CredibleCrypto analyst thinks that the BTC rate has completed the accumulation stage and is going to break through the point of $11,000. He compared the current situation to the classic Wyckoff accumulation and came to the conclusion that it was completed. The trader predicts that the nearest targets should be the levels of $9,600, $10,400 and $11,000. He points out that the bitcoin price is near the strong resistance of $10,000 and ready to liquidate the positions of sellers with one strong upward surge.

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 Peter Schiff: bitcoin is a financial pyramid

Euro Pacific Capital broker company president Peter Schiff goes on with his criticism against bitcoin. This time the businessman called BTC a financial pyramid whose participants protect the idea of bitcoin because they are personally interested in its efficiency. "The very nature of Bitcoin requires owners to encourage new buyers to enter the market. Without new buyers coming in, there is no way for existing HODLers to get out. As with any pyramid scheme, success is only possible for those who get in early if lots of others get in late", Schiff wrote in his Twitter account. Earlier he had worded the idea that BTC price would drop down to zero.

 Weak dollar will strengthen the position of bitcoin and gold

DTAP Capital investment fund co-founder Dan Tapiero thinks. The policy of the US Federal Reserve System will weaken dollar in the nearest future, which will supposedly affect bitcoin, gold and stocks. The analyst's position is based on data from the FRS that they plan to weaken their struggle with inflation in order to support commercial activity. Tapiero points out that if the level of inflation exceeds 2%, the dominating role of dollar in the world economy will be undermined. "Dollar consolidating for one month but now on verge of benign selloff that further supports equity, gold and Bitcoin", the analyst worded his opinion.

 The Morgan Creek co-founder urged everyone to move out of dollar

Morgan Creek co-founder Anthony Pompliano thinks that currencies are prone to inflation so it is necessary to move funds to other assets. Central banks regularly print new batches of cash, which will cause an instant spike in inflation at one moment. Pompliano notes that it is especially true for US dollar since the US Federal Reserve System has recently been issuing a large number of new banknotes. "There is a devaluation of currency. The whole secret to building wealth is to get out of cash and get into assets that are denominated in dollars that will continue to go up in value over long periods of time — stocks, real estate, gold, Bitcoin, all this stuff", the expert advised.

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 Whales are getting ready for an Ethereum pump

Expert at the Santiment analytical service think. They note that investors have transfered 700,000 ETH to exchanges (more than $182 million) for the last three days. Transfers from addresses in TOP-100 of the largest Ethereum owners have been registered. According to the analysts, it indicates an upcoming pump in the price of the cryptocurrency. “The top 100 holders of Ethereum are once again beginning to accumulate higher percentages of the total token supply, in spite of the ongoing consolidation that has been occurring for the past couple of weeks. Generally, when this kind of accumulation starts to mount, it’s a signal that those who have the most stake in ETH (and other respective tokens) are beginning to have a collective sentiment of the token being undervalued and believe it’s a great mid to long-term hold play”, Santiment experts write.

 Opinion: bitcoin will rise up to $10,000

Analyst Benjamin Blunts supposes that the BTC price will go up to $10,200. He says that it will already happen at the beginning of August. The trader notes that the price broke through the trend line upwards, tested it downwards and was in the lateral accumulation zone for some time. Now the bitcoin price is ready to go to the upper border of the lateral range that is located at $10,000-$10,200. Benjamin Blunts points out that it has been squeezed between $8,500–10,200 since the middle of May.

 Peter Schiff urged Paul Tudor Jones to sell bitcoins

Euro Pacific Capital head and gold bug Peter Schiff addressed billionaire Paul Tudor Jones. Not long ago the latter said that he had invested 1–2% of his capital in bitcoin. According to Schiff, it was a mistake and the billionaire made a bet on “the slowest horse”. “It looks like Paul Tudor Jones ended up betting on the slowest horse in the race. In fact, Bitcoin will not even finish the race. If Paul really wants to bet on a faster horse than gold he should move his Bitcoin chips over to silver, or try some gold and silver mining stocks”, Schiff wrote in his Twitter account.

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 Max Keiser: Warren Buffet will buy bitcoin at $50,000

According to Heisenberg Capital founder Max Keiser, Warren Buffet will panic-buy bitcoin at $50,000. The reason for that is that the investor slowly accepts new promising assets. The businessman points out that, for instance, Buffet’s fund lost the opportunity to purchase Apple and Amazon shares in the early days of these companies. “My guess is that Buffett (or whoever takes over after he passes) will start panic-buying Bitcoin at $50,000, just like Peter Schiff will do”, Keiser stated. He added that one of the largest investors Paul Tudor Jones had already invested 1% of his capital in cryptocurrency. Keiser supposed that the investor would increase the share of bitcoin in his portfolio up to 10%.

 Why Ethereum continued to grow

Santiment analysts revealed. The ETH price renewed its two-year high rising to the level of $440 — the currency is traded near this point at the moment. According to Santiment experts, the trend for the position of Ethereum to strengthen will continue. One of the reasons for that is the growing number of transactions in the network. Not long ago this indicator reached the point of 1.27 million operations a day, which became the highest level from the beginning of 2018. Another factor is the growing demand for processing transactions. Payments for transactions continue to renew their highs. It shows that users are ready to pay high commission fees for their transactions to be processed faster.

 The date when the bitcoin price reaches $100,000 became known

The popular Stock-to-Flow (S2F) model indicates that the BTC price will reach $100,000 on August 16, 2021. The exact date was calculated by analyst Bit Harrington who added that he thought the period was too short. However, he points out that bitcoin always went against bearish sentiment. Marc van der Chijs reposted the message and explained why the prediction looked realistic. “Most people think this is impossible, but I have seen a 1000% increase in less than a year at least twice before in BTC (2013 & 2017). S2F is holding up pretty well after the halving, if FOMO will start again anything is possible”, he wrote.

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 ETH is at risk of getting 50% cheaper

Cane Island analyst Timothy Peterson thinks that Ethereum will lose at least half its price in the next 12 months. He points out that the price of the cryptocurrency at the moment is about twice as big as its "real" price calculated on the basis of the network value. Judging by this model, the price of Ethereum should rise only 30% per year. The average weighted ETH exchange rate is $406 now, it must go down to the range of $200-250 according to the prognosis.

 Tone Vays: the BTC price will not go below $10,000 this year

Well-known crypto enthusiast Tone Vays worded his opinion that the bitcoin price would not get below $10,000 this year. He also added that he expected breaking the level of $20,000 in 2021 although we had doubted that earlier. "In the beginning of the year, I thought that even next year would be a struggle to break $20k. Now I think it's pretty likely that we'll break $20k next year", the analyst said. According to him, the price doubles the target during each next breakthrough. So after breaking through the level of $20,000, the bitcoin price may rise up to $45,000-50,000.

 The bitcoin price will fly up to $20,000 in two months

Analyst Bitcoin Jack thinks. He noted an interesting regularity: the bitcoin price follows the moves of the gold price, but with some delay. The analyst points out that at the moment the BTC price is at the same point where gold was in July. If the trend persists, the cryptocurrency price will go up to $17,000-$19,000 in September, then it will get corrected to the zone of $15,000, and after that it will go to the point of $20,000. Bitcoin Jack supposes that, after testing the historic high in October, the price will quickly go down to the levels of $11,000-12,000. The trader emphasizes that the growth should already start in the nearest days.

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 Bitcoin will go up to $12,000 within the next few days

Decentrader hub analysts think. They note that the four-hour chart shows the bullish divergence on the volume indicator that predicts the forthcoming turn of the price upwards. According to the traders, the price will be within the range of $11,300-11,500 within the next few days, after which it will go to the trend line in the zone of $12,000-12,100. The analysts think it will already happen by the beginning of September. The key level is $11,500, the strengthening of the price above that will allow for the further growth. The support line is the level of $9,600 where the unclosed price gap of the CME exchange is along with the 20-week moving average. The medium-term target for buyers is the range of $13,000-14,000 — the year's pivot level is there as well as the 61,8% Fibonacci correction level.

 Opinion: the BTC exchange rate will go up to $16,000 or fall to $10,500

Byzantine General analyst also notices the exceptional importance of the $11,500 point. If this week's bar closes above the level, the target will be $16,000. The trader thinks that otherwise the price risks going down up to $10,500. The next strong support is the point of $9,600 where the abovementioned CME exchange gap is. Byzantine General adds that there is no large difference whether to buy bitcoin at $11,000, $10,000 or $9,000 if you are going to keep the coins for as long as at least several years.

 Glassnode: metrics say that the bitcoin price will go up

The stablecoin supply ratio (SSR) shows the high stablecoin purchasing power as compared to bitcoin. Specialists from the Glassnode analytical service point out that it shows the potential for strengthening of the price of the first cryptocurrency. At the moment, the metric shows thrice as big figures as the last year's ones when the BTC price was at similar levels. Expert add that at the same time the USDT balance got up by 50%, which also proves that bitcoin price is going to rise up.

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 The BTC price is ready to move to $23,000

Analyst Pladizow notices. He points out that the bitcoin monthly chart shows the Cup and Handle reversal pattern. The standard target of the pattern materialization will be the level of $23,000. The pattern will be considered complete when the price will break through the point of $11,000 on its monthly chart. Earlier, the analyst predicted the rise of the BTC price to $12,000 if the Inverse Head and Shoulders pattern will be completely formed on the four-hour chart.

 When bitcoin would cost $300,000

Crypto expert WyckoffMode said. He used Fibonacci levels and channels to predict the next bitcoin price high. It turned out that the new cycle’s high would be within the range of $152,000-298,000. The trader points out that it should happen in December, 2021. WyckoffMode supposes that then the price will go down to the range of $50,000-60,000 before January 2023 and the new growth’s high will occur in December, 2025. His speculations are based on the fact that BTC price movement cycles take 4 years because this is the periodicity with which halving occurs. "With the first year being Distribution; the second year being Accumulation and the third and fourth year being multiple bouts of re-accumulation building up to a buying climax before starting over again with the first year of Distribution. One of the main reasons for this natural wave cycle of approximately four years involves the Bitcoin Block Halving", the analyst writes

 Opinion: Ethereum may get corrected down $360

Trader Credible Crypto has predicted a grow up to $460 earlier this week. The analyst thinks after that, the ETH price may get corrected down to the point of $360. Credible Crypto thinks that the situation is opposite for bitcoin: until the price does not break through $11,800, the trend remains downward. He supposes that the potential fall target is the range of $10,600–10,900.

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 Miners may cause the BTC exchange rate to collapse because of competition

Data from CryptoQuant proves that mining pools have transferred large amounts of bitcoin to exchanges. On September 2, the Poolin, Slush and HaoBTC pools moved 1,630 BTC (about $18,5 mln) to exchanges. The indicator is above the average daily value — the transactions started at the moment when the bitcoin price fell below the level of $11,500. CryptoQuant Head Ki Young Joo supposed that miners may push the market through to push out competitors. "I think it's going to be the war of miners between those who want a Bitcoin price rally and those who don't. As I know, some Chinese miners already realize their mining profitability (return on investment), and they might not want new mining competitors joining the industry because of the bull market", — he remarked.

 Dollar is getting stronger and keeps putting pressure on bitcoin

Cointelegraph analyst Joseph Young points out that the dollar index has rebounded from its multi-year support zone sending down the exchange rates of bitcoin and gold. Dollar has become stronger since the beginning of September sending bitcoin down from $12,000 to $10,400. The European Central Bank stated this week that it would seek to compensate the growth of euro. Young notes that it will also support the US dollar and undermine the positions of bitcoin and gold even more. "Currency analysts believe the ECB could continue to “dampen” the strength of the euro. In the short term that could cause the dollar to rally, which might place selling pressure on Bitcoin and gold", the expert concludes.

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 Bitcoin and gold will stand in case the stock market falls

10T Holdings and Gold Bullion International co-founder Dan Tapiero thinks. According to him, the stock market is in for a strong correction since the optimism of individual investors regarding S&P 500 index is at its record high. "Unfortunately, most worrying data point have seen in a while for #StockMarket from short term perspective. Certainly an extreme of epic proportions hit on this indicator. Does not seem to be something that can be corrected in just a few days", he said. The businessman thinks that gold and bitcoin "must hold their positions" according to this scenario.

 Opinion: the BTC rate will not go lower than $9,700

Amsterdan stock exchange analyst Michaël van de Poppe thinks that the bitcoin price is going to turn back on above the point of $9,700. He says that the price should go up to $10,800 and then go down to its new local lows within the zone of $9,700-9,800. It will stay within this zone untill the end of the month and then it will go above $11,000. To regain the growth, the price should get stable above a very important point of $11,170. The analyst adds that, however, in case the price tests the level of $9,700 real quick, the BTC price may start to strengthen already at the middle of the month.

 Why bitcoin is going to get as high as $250,000

Popular analyst filbfilb explained. He drew Fibonacci circles through the highs and lows of the two previous growth/fall bitcoin price cycles. It turned out that the high of the next rally coincided with the circle with the period of 3,618. For instance, the pattern built according to the 2013-2015 year cycle showed a high at about $17,900. The actual high of 2017 was at the point of $19,700. Judging from the new patterns, the next rate high will be around the level of $243,000. Analyst GravityWave notes that the new high is also near the area of $250,000. He put Fibonacci levels through cycle lows and highs — the point of 2,382 showed the high of the next bubble.

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 Bitcoin and Gold Correlation Set Record

The correlation between gold and bitcoin has been increasing since July amid a weakening US dollar. The loss of the position of the main world currency has a positive effect on "defensive" assets, which include gold and bitcoin. The level of correlation between the two instruments exceeded 0.5, which indicates a high co-directionality of the movement of their rates. A few months ago, the indicator was below 0.1. The correlation index varies from -1 to 1. The -1 mark indicates that the quotes move absolutely independently, with a value of 1 the price charts completely coincide. In addition to gold, the correlation between BTC price and S&P 500 index also increased. On September 7, the indicator reached 0.4905, after which it decreased to 0.36.

 ETH Transaction Volume Updated Historical Peak

In August, the monthly volume of ETH transactions set a record, reaching $24 billion, according to DappRadar data. The indicator has been renewing maximums for already three months - back in May it did not exceed $2 billion. The active growth of the level of transferred funds in the network is associated with the development of the decentralized finance market. The volume of transfers of DEX and DeFi applications over the past month increased by $9 billion each. The level of blocked funds in the DeFi-sphere increased by $3.61 billion and reached $7.5 billion by September. At the same time, the number of active ETH addresses in August decreased by 6% - this is due to a record increase in transfer fees.

 The first government digital currencies will appear by 2030

Experts from the European Analytical Center believe. In their opinion, at least three central banks will replace their currencies with digital tokens. China, the United States and the European Union will be the first to do so, launching digital versions of the yuan, dollar and euro. According to experts, this will happen by 2030. They also allow for the option of governmental stablecoins being issued by Sweden and the Bahamas. The Swedish regulator recently announced that it is ready to submit the CBDC by 2025. China is already testing the digital yuan, and the European Central Bank is actively exploring this direction.

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 Ethereum 2.0 launch dates announced

Raoul Jordan, Prysmatic Labs developer who is involved in testing of Ethereum 2.0, said preparations for the network's launch go as planned. All necessary features will be added by mid-October, he said, allowing developers to focus on improving security and user interface. “If all goes well, November is still looking good for a launch from our perspective, Jordan wrote. Earlier, a representative of the Ethereum development team, Afri Shedon, also announced that the network will begin work in November this year.

 Ethereum Miners' Profit surges by 98%

In August, Ethereum miners received $285.1 million in revenue, the highest in two years. Compared to last month, profit increased by 98.2%, the resource The Block notes. This happened amid a record increase in online transfer fees. For more than a month, their average level has been above $2, and in early September it peaked at $15. The reason lies in the growth in the activity of applications from the field of decentralized finance. All transactions made by application participants are recorded on the Ethereum blockchain, which increases the load on the network and creates a queue of transfers. To send their transaction faster, users are willing to pay higher fees.

 The digital yuan will become a complete analogue of paper money

The digital yuan is legally fully consistent with fiat currency, says Fan Yifei, deputy chairman of the People's Bank of China. In an article written for Financial News, the official outlined the basic principles for regulating the digital yuan. According to him, digital currency is part of the supply of paper notes and coins, and therefore "must comply with laws and regulations related to money management." Fan emphasized that the digital currency will be accepted throughout the country and "no company or individual can refuse to accept it." The official also added that the digital yuan should be regulated by anti-money laundering and terrorist financing laws.

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 Bitcoin has risen in price to $11,000 again

On the morning of September 16, the price of the first cryptocurrency returned to the $11,000 on a number of exchanges. Over the week, BTC rose in price by 11% - at the beginning of September, the asset rate tested monthly lows at $9,900. The rise in the price of bitcoin is taking place against the backdrop of several fundamental positive factors. Thus, the network hash rate has once again updated its historical maximum, reaching 150 EH/s. The number of coins sent per day, expressed in dollars, broke the annual record of $30.69 billion. At the same time, the dollar index is declining for the fourth day in a row, which also supports the BTC/USD pair.

 Draft law on the regulation of cryptocurrency in the EU has been published

Politico has published a preliminary version of the Cryptocurrency Assets Markets Act (MiCA), created by the European Commission. The document proposes to regulate cryptocurrencies, security tokens and stablecoins in the same way as traditional financial instruments, which will ensure their legal purity. The bill gives broad definitions to cryptoassets and also describes a set of rules and requirements for asset issuers and service providers. The former will be obliged to register a legal entity, and service providers will be obliged to establish an official office in a member state of the European Union. Special attention is paid to stablecoins, which are divided into two categories: tokens linked to real assets and digital tokens. It is expected that the bill will be submitted for consideration in September, and will be able to enter into force no earlier than 2022.

 Bakkt Exchange Records Record Bitcoin Futures Trading Volume

The Bakkt cryptocurrency platform has reported a new all-time record for daily trading volume in bitcoin futures. On September 15, the indicator reached 15,955 BTC (more than $ 200 million), which is 36% higher than the previous maximum. At the same time, the activity of BTC futures trading on the Chicago Mercantile Exchange (CME) dropped to the lowest levels - about $ 262 million. Unlike CME, Bakkt allows customers to receive instrument settlements in Bitcoin. The site was launched in 2018 by the Intercontinental Exchange (ICE) operator, which owns the New York Stock Exchange.

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 Tether capitalization reaches $15 billion

USDT market cap has exceeded $15 billion. As of September 18, capitalization increased by another $200 million and reached $15.284 billion. Over the past 20 days, the indicator has grown by 50%, and since the beginning of the year - by 3.7 times. Analysts attribute this to the rapid rise in popularity of the decentralized financial applications sector. Tether developers have previously noted that many investors enter the crypto market precisely through USDT. For example, Asian traders most often buy bitcoin and altcoins using Tether tokens. Most of the coins ($10 billion) are issued on the Ethereum blockchain, another $4 billion operates on the Tron network.

 Police summoned the head of Bithumb for questioning

Seoul police have summoned Lee Jong Hoon, chairman of the South Korean exchange Bithumb, for questioning. A fraud case is pending against him, local media reported. Lee Jong Hoon is accused of manipulating the presale of Bithumb BXA tokens, as a result of which investors lost about $25 million. On the second charge, he did not pay taxes on foreign real estate. Bithumb's offices were searched three times in September. During the latter, law enforcement officers seized shares in Bithumb Holdings owned by the company's director Kim Ben-gen. The bank plans to add new types of cards, improve the loyalty program, and add new functions for businesses and users.

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 BTC price is in a "steady upward trend"

As pointed by Delphi Digital analysts. Bitcoin's surge is now more robust than last year, as traders prefer to hold coins rather than speculate on exchanges. The current rise in bitcoin price to $12,500 in August differs from strengthening to $13,800 in 2019. Back then, the wallet balances of crypto exchanges were increasing, and this year they continue to fall, despite the rise in prices. This suggests that the selling pressure is now much lower. “This suggests a more sustainable move upwards for BTC, in comparison to that of 2019 as data indicates a holder base with longer time horizons,” analysts say. The balance of bitcoins on exchanges fell from an all-time high of 2.96 million coins in February to 2.59 million BTC today.

 Institutions want to increase Investments in bitcoin

Cryptocurrency insurance company Evertas conducted a survey among institutional investors from the US and the UK, who manage assets totalling $78.4 billion. It turned out that 90% of respondents expect an increase in investments in crypto assets. 64% of those surveyed said they expect a small increase in investment from pension funds, family managers, insurers and sovereign wealth funds. Another 26% of respondents believe that institutions will "dramatically" increase investment in bitcoin and other cryptocurrencies in the next five years. #bestchange #bitcoin #gold #cryptocurrency #blockchain #investing #trading 84% of respondents attributed improved regulation to the reasons, and 80% named liquidity, which will grow along with the expansion of the crypto market.

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 Visa plans to create a payment system on the blockchain
 
Visa is exploring the possibility of creating an offline payment system based on the blockchain. According to the head of the cryptocurrency division of the company, Kai Sheffield, more details will become known during the year. “So we are continuing to advance research on that front and we'll hopefully have more to talk about in the coming year.” Sheffield said. He also added that the company is actively helping central banks develop government digital currencies. ““We think that if a central bank is going to issue a CBDC, they will need to consider a number of the same factors that are facing private companies building tokenized stablecoins,” the specialist said.
                                                                                  
 European Commission to launch sandbox blockchain by 2022
 
The European Commission, in an alliance with 30 countries called the European Blockchain Partnership (EBP), plans to launch a pan-European regulatory sandbox blockchain. This will happen by 2022. The agency is going to test the blockchain and digital currencies usage cases in the European infrastructure of EBSI blockchain services. EBSI is a joint initiative of the European Commission and EBP that aims to create a cross-border blockchain platform to deliver digital government services across the EU. The sandbox will also test smart contracts and digital identity. The Commission will pay special attention to the development of a regulatory framework in the field of asset tokenization and the operation of smart contracts.

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 Ethereum 2.0 final testnet launched

On September 29, the developers launched the Spadina test network, which will become a general test before the start of ETH 2.0. Spadina test network will work for three days, with its help the developers will test the depository contract and the process of launching the network. Testnet will work together with the already functioning Medalla network. At the moment, 41% of validators have joined Spadina. 2955 network participants contributed 94,560 test ETH. Earlier, the developers reported that if the Medalla and Spadina testnets work successfully, Ethereum 2.0 will be launched in November.

 93% of TOP-250 cryptocurrencies fell in price in September

Over the past few months, DeFi token prices have skyrocketed, sparking talk of a bull market. The boom in decentralized financial projects triggered an increase in the Ethereum price, which rose from $100 in March to $470 in August. However, in recent weeks, the euphoria in the DeFi sphere has faded, and with it the rest of the crypto market has subsided. According to CoinMetrics, 72% of the 250 largest crypto assets have lost in value over the past week, while 93% of top cryptocurrencies have seen a decline over the month. Most DeFi tokens fell by 15-85% in September. However, specialists from the DeFiWorld portal note that corrections are normal in a growing market, and the current year reminds them of 2016. “We move in bubbles and 4-year cycles. While everyone is just thinking about what happens today, this week, or this month, you should zoom out and reflect where we are really heading. The long term trend is clear: It’s upwards,”analysts point out.

 Users withdrew $5 billion in bitcoins from exchanges

Over the year, the balance of wallets of crypto-exchange clients decreased by 400 thousand BTC (about $5 billion). In October 2019, the figure was 2.8 million coins, and today it has dropped to 2.4 million. The inflow of bitcoins is considered a bearish signal, as traders bring coins to exchanges for sale. Consequently, the outflow of bitcoins from exchange wallets indicates that investors' appetite for selling is declining, according to Cointelegraph analyst Joseph Young. Another possible reason lies in recent exchange hacks. In September, hackers stole $150 million in cryptocurrency from the KuCoin exchange, and a little earlier - $4 million from the Eterbase platform.

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 BTC price will be rising until the end of the year

Analyst Willie Wu thinks. He draws attention to the fact that the number of new participants in the bitcoin network has grown significantly since mid-September, and the cryptocurrency price has not reacted to this. In the last year and a half, the price of bitcoin in all cases has increased following an increase in the characteristic. Therefore, BTC is currently undervalued, the analyst points out. He also notes that in September, market participants accumulated coins while the price moved sideways. This is indicated by the On Balance Volume indicator. Another important metric of the beginning of growth is the ribbons of complexity. The indicator has left the "compression" zone, which previously always indicated an increase in the value of bitcoin. “Overall: bullish the next 3 weeks, also bullish over next 3 months,” concludes Willie Wu.

 Bitcoin will rise in price to six-digit numbers

If one condition is met, said Michael van de Poppe, an analyst at the Amsterdam Stock Exchange. He notes that previous bullish runs of the BTC price took place amid a falling dollar index. This was the case in 2014 and 2017. Since March this year, the index has also significantly lost in value, which contributed to the rise in the price of bitcoin to $12,400. The price of BTC may temporarily sink due to the second wave of coronavirus, but in the long term, the cryptocurrency will win as a safe-haven asset. “Of course, a potential drop by 25-35% could occur in the first stage of the crisis just like in March. But Bitcoin and gold would benefit significantly afterwards as safe havens against a weakening dollar, which is precisely what happened in December 2017 as BTC hit its all-time high of nearly $20,000,” writes van de Poppe. If the weakness of the dollar persists in 2021, then bitcoin may rise in price to six-digit numbers, the analyst said.

 New US stimulus measures will strengthen bitcoin

The BTC rate will continue to rise this week amid falling dollar index, Cointelegraph analyst William Suberg writes. The index declines for the fourth day in a row as negotiations continue in Washington on new stimulus measures due to the coronavirus epidemic. The amount of support can reach $2.5 trillion. US Treasury Secretary Stephen Mnuchin confirmed that the measures will include a new round of payments in the amount of $1,200 for a number of categories of US citizens. Past payments took place this spring during the first wave of coronavirus. Then the crypto-exchanges recorded a sharp jump in deposits for exactly the amount of incentive checks. Trader Ton Weiss recommends buying bitcoin as he believes the authorities will continue to issue dollars. “No matter who wins they will keep printing, so buy bitcoin,” Weiss wrote during a debate between US presidential candidates Donald Trump and Joe Biden.

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 John McAfee arrested in Spain on tax evasion charges

John McAfee was arrested in Spain on tax evasion charges, according to the US Department of Justice. He will be extradited to the United States. The businessman faces more than five years in prison on the charges brought against him. On the same day that McAfee was detained, the US Securities and Exchange Commission (SEC) sued him for promoting initial coin offerings (ICOs). The businessman allegedly misled investors by not saying that he was receiving money for advertising projects. According to the SEC, McAfee received over $11.6 million worth of BTC and ETH for promoting seven ICOs in 2017 and 2018. He also raised $11.5 million in promotions. John McAfee got a lot of fame in the cryptosphere after promising to "eat his own dick" if bitcoin does not rise to $ 1 million by 2021. Later, the founder of the McAfee antivirus said that "only an idiot would believe" in this prediction. At the moment, McAfee's Twitter has more than 1 million subscribers.

 75 crypto exchanges closed in 2020

Analytical portal Cryptowisser reports. Basically, the list includes centralized sites. Compared to last year, the figure is up 56% and "there are no signs of decline." While the crypto industry continues to show impressive growth, the cryptocurrency exchange industry is facing high competition and regulatory requirements, analysts write. According to the report, exchanges are most often closed on their own, due to hacks or at the request of the authorities. The positions of centralized exchangers have also been hit hard by the development of decentralized exchanges. “For a new centralized exchange to flourish, it will likely need to have some form of unique edge that is not already on the market today,” notes Cryptowisser.