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 Ethereum has risen in price by more than 14% in 24 hours

Ethereum price has risen by more than 14%. According to Coinmarketcap data at the time of writing, ETH is worth $1,406. “Ethereum's daily transaction volume is going parabolic. It now settles $12 billion in transactions daily - $3 billion more than Bitcoin, " Ryan Watkins, a researcher at the Messari analytical company, wrote on his Twitter account. The explosive growth of the cryptocurrency rate can be associated with the movements of stablecoins, a significant part of which is based on the Ethereum blockchain.

 Mark Cuban thinks Bitcoin may continue to rise

Billionaire and well-known Bitcoin critic Mark Cuban believes that the first cryptocurrency is able to continue to grow, like stocks in general, amid no increase in interest rates. The entrepreneur urged crypto enthusiasts to monitor the dynamics of interest rates. “All speculation about debt will get real ground if interest rates rise and by how much. That's when we will see how this affects the prices of all assets. Bitcoin is akin to any stock. Its price is determined by supply and demand, ”said the billionaire. In his opinion, the interest of institutional investors contributes to the growth of the BTC rate. About a year ago, Cuban stated that bitcoin "has no chance" to become a reliable currency in the future. "It [Bitcoin] is too difficult to use, too easy to hack, way too easy to lose, too hard to understand, too hard to assess a value," Cuban said in December 2019.

 Research: over 70% of central banks are interested in blockchain

According to a study by analyst firm Mindsmith, 74% of central banks are interested in blockchain technology. The experts came to such conclusions based on the results of a semantic analysis of publications of 191 central banks. As of the beginning of this year, they mentioned the blockchain 4408 times. More than 50% of mentions of the technology fall on 9 regulators. The undisputed leaders were the US Federal Reserve, the Bank of England and the European Central Bank. In addition, regulators from Singapore, Thailand, Tunisia, Germany, Portugal and Lithuania are included in the top ten by mentioning the technology.

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 Over the week, the flow of funds to the cryptocurrency market reached $1.3 billion

The inflow of funds into investment products based on cryptocurrencies last week reached a record $1.31 billion, according to the digital asset management company CoinShares. “We believe investors have been very price conscious this year due to the speed at which prices in bitcoin achieved new highs,” said investment strategist James Butterfill. CoinShares analysts believe that the new high may be related to the recent drop in the price of BTC. It is likely that investors took advantage of the decline in the exchange rate in order to buy cryptocurrency at a profitable price.

 Lloyd Blankfein: BTC prevents authorities from controlling the financial system

According to Lloyd Blankfei, the former CEO of Goldman Sachs, the authorities are obliged to tighten regulation of the cryptocurrency industry due to the rapid growth of this direction. The businessman pointed to the "pseudo-anonymity" of digital assets, which makes bitcoin a convenient tool for financing illegal activities. “You don't know whether or not you're paying the North Koreans or Al Qaeda or the Revolutionary Guard. If I were a regulator, I would be kind of hyperventilating at the success of it at the moment and I'd be arming myself to deal with it, ”Blankfein said. In his opinion, the duty of regulators is to limit the freedom that digital coins provide. At the same time, Blankfein doubts that after the tightening of control and, as a result, the loss of anonymity, bitcoin will continue to be in great demand.

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 Opinion: Bitcoin will not hold at the $30,000 level

Scott Minerd, chief investment officer of Guggenheim Partners, is confident that the price of the main cryptocurrency will be dropping. In a comment to Bloomberg, he said that he doubted BTC's ability to hold on to the $30,000 mark. “Right now, the reality of the institutional demand that would support a US$35’000 price or even a US$30’000 price is just not there. I don’t think the investor base is big enough and deep enough right now to support this kind of valuation, ” Minerd said. In his opinion, BTC will remain a viable asset in the long term, but in the near future, the pressure on the price of bitcoin may increase.

 Developing country regulators to issue government stablecoins in the coming time

According to BIS (Bank for International Settlements) analysts, regulators from different countries are actively exploring the question of issuing government tokens. Their mass launch will be in developing countries, analysts say. In the third annual BIS survey, in which 65 central banks participated, 86% of those surveyed said they were considering the pros and cons of issuing their own cryptocurrencies. In 2020, this figure was 80%. About 60% of regulators are already experimenting with government digital currencies. “This research is evidenced by the launch of the first real government cryptocurrency in the Bahamas. Others are likely to join this pioneer. Central banks, which together represent a fifth of the world's population, are likely to issue general-purpose government cryptocurrencies in the next three years,” the report said.

 8,000 BTC, which were mined about 10 years ago, belong to Coinbase

Eight batches of 1,000 BTC each, which have been in motion for the first time since 2010, are owned by Coinbase or related companies. This version was published by the Goldfoundinshit Telegram channel. “Yesterday the next, eighth batch of 1,000 BTC, moved, which lay on the wallets broken by 50, has not moved since 2010. I have previously suggested that these bitcoins belong to Coinbase. Now I am absolutely sure of this, ” wrote the author of the channel. According to the results of the on-chain analysis, as before, 1,000 bitcoins were accumulated in tranches of 50 BTC at separate addresses from 20 wallets. “As you can see, first there is a consolidation of 20 wallets of 50 per address – 1,000 BTC then, this 1,000 is scattered in batches of 10 BTC into original ones, let's call them“ pockets ”for withdrawal. The same thing happened during the movement of the previous parties. Sometimes one or two transactions with large amounts of BTC went from a wallet with 1,000 BTC, apparently for some VIP users, ” the author noted.

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 The number of active BTC addresses reached 22.3 million in January

During the first month of this year, the number of unique active BTC addresses amounted to 22.3 million. The growth occurred against the background of an increase in the activity of traders and the price of bitcoin, which exceeded the $42,000 mark. “In January, more than 22.3 million unique addresses were active in the network sending or receiving $BTC – the highest monthly number in Bitcoin's history to date,” Glassnode said. According to the company, January became a record for the number of active Bitcoin addresses. The previous record was reached in December 2017. The number of active addresses was 21 million. Since 2017, the number of active BTC addresses has not dropped below 10 million per month.

 Economists criticized the idea of issuing government cryptocurrencies

Economists Peter Bofinger and Thomas Hass believe that government tokens issued as a medium of exchange may not compete with private banks. Experts believe that regulators need to focus on the concept of supranational cryptocurrencies that will become a store of value in the international system. Economists admit that the best type of government cryptocurrency is one that regulators are unlikely to think about for fear of rejecting intermediation. It will be a government-owned cryptocurrency designed not to facilitate payments, but to save the value. “The demand for a store-of-value CBDC would come from firms and large investors with bank deposits of more than €100,000, which would be bailed-in in the case of a bank restructuring. From the user perspective, this demand would depend on the interest rate for such deposits. Central banks could auction store-of-value deposits which would give them a perfect control over their amount,” the researchers noted.

 SEC accused three leaders of the Bitcoiin2Gen crypto project of defrauding investors

The SEC has accused three leaders of the closed crypto project Bitcoiin2Gen of defrauding investors. In 2018, the company held an ICO for $11.4 million, with Steven Seagal as the face of its advertising campaign. The SEC believes that the creator of Bitcoiin2Gen Christian Krstic and the promoter of the project John DeMarr violated securities laws during the ICO, and the company's partner Robin Enos "was engaged in aiding and abetting." The defendants promised to distribute to 460 investors a B2G token, which, according to the SEC, never existed. The scammers promised a “mined” and “traded” digital token.

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 Dogecoin soars more than 50% after Elon Musk's tweet about the token

Doge has risen in price by more than 50% after the of a series of tweets by Elon Musk. Half an hour after the first message, the Tesla founder posted a picture in which he raises a coin symbol above his head, with the words "welcome". In the next tweet, Musk called Doge "the people's cryptocurrency." “No highs, no lows, just Doge,” the entrepreneur wrote in the fourth post on the token. Doge continues to grow, according to Coinmarketcap. At the time of this writing, the cryptocurrency has risen in price by 63%, reaching $0.053.

 Ethereum has overcome the level of $1,600

The Ethereum price has renewed its all-time high, reaching $1,621. Over the course of the day, the crypto coin has risen in price by 5%, and in 7 days - by 26%. Analysts believe that the growth of the cryptocurrency is due to the launch of Ethereum futures on the Chicago Mercantile Exchange. It is set for February 8th. At the same time, analysts warn of the risks of a decline in the price of ETH. “For all you know, major players may be looking to get long exposure through futures, now that there is an institutional-grade product to do so. Smart traders moved to Ether when Bitcoin topped out around $40,000 and have made more money,” said Vijay Ayyar, head of the Asia-Pacific division of the Luno exchange.

 Mark Cuban: The direction of decentralized finance and non-fungible tokens will be popular

Entrepreneur Mark Cuban believes that the direction of decentralized finance and non-fungible tokens (NFT) could become quite popular in the crypto market in the next decade. The billionaire also criticized the SEC, noting that the structure was founded by "lawyers for lawyers" to win cases, not make the right decisions. The entrepreneur believes that the SEC only cares about large investors. Cuban advises those who go into the negative to believe in their investments. He turned to the owners of BTC, who purchased bitcoins in the wake of 2017 and witnessed its strong fall. The hodlers didn't sell cryptocurrency because they believed in it.

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 Institutional investors prefer ETH

According to CoinShares, the inflow of institutional investors' funds into the crypto market in the first week of the second month of the year amounted to $245 million. 80% of this volume was invested in ethereum. Analysts believe large investors are starting to diversify their crypto portfolios. They transfer part of the funds from BTC to ethereum, and other coins. At the same time, nothing indicates profit-taking. Investors buy and save cryptocurrency. “We think that investors looking for diversification are becoming more comfortable investing in ethereum. The inflow of funds into bitcoin is gradually decreasing, ” analysts noted.

 Bitcoin tested the $48,000 level

The main crypto coin has updated the all-time high on the Binance crypto platform. It has risen above $48,000. During the day on February 9, the coin grew by 23%. Its market capitalization exceeded $892 billion. The value of BTC is breaking records amid news that Tesla has invested $1.5 billion in bitcoin. Representatives of the company said that in the "near future" it will accept payment in cryptocurrency. Well-known trader Peter Brandt wrote that despite the hype around digital gold, the uptrend in price "looks healthy compared to the end of 2017".

 Brian Brooks: Tesla's investment in bitcoin is awesome news

Former head of the Office of the Comptroller of the Currency, Brian Brooks said the information about Tesla's investment in BTC is exciting news. Although, the ex-official believes, for those who have not previously invested in cryptocurrency, "it looks somewhat alarming". “That's crazy, right? The way inflation works is the more of asset you have the less valuable it is. That would explain why a lot of institutions want to have bitcoin sitting in their treasury because it's a lot more stable source of value over the long haul, potentially, ” Brooks said.

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 Mastercard to start working with cryptocurrencies in 2021

Already in 2021, Mastercard plans to start working with cryptocurrencies. The specific coins have not yet been named. However, it is known that the system will only support stablecoins backed by real assets. The company said in a statement that digital currencies must guarantee stability "so that people can use them for day-to-day transactions, not investments." Clients of Mastercard already have the opportunity to make cryptocurrency transactions, but now the payment system will begin to independently process transfers. “Our philosophy on cryptocurrencies is straightforward: It’s about choice. Mastercard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants and businesses to move digital value – traditional or crypto – however they want. It should be your choice, it’s your money, ” said Raj Dhamodharan.Executive Vice President, Digital Asset and Blockchain Products and Partnerships, Mastercard.

 Elon Musk speaks out against custodial crypto wallets

Elon Musk believes that it is better for investors not to use the services of crypto wallets, which do not provide their clients with control over private keys. He wrote about this in a Twitter post from the custodian wallet operator FreeWallet, who used Musk's post on Dogecoin to advertise himself. "Your app sucks," wrote the head of Tesla. It turned out that the entrepreneur uses FreeWallet, and his account was automatically blocked by a security algorithm. Musk's account was then unblocked, but the developers of Ledger hardware wallets joined the discussion, taking the opportunity to advertise their decision. "Elon Musk is right, as long as you do not manage your private keys, you do not actually own your cryptocurrency," wrote the representatives of Ledger.

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 Glassnode believes that "miners have reduced bitcoin sales, and investors are taking profits"

According to the research company Glassnode, miners have begun to accumulate reserves in bitcoins. Long-term investors, on the other hand, are trying to get rid of their assets in order to lock in profits. The Glassnode report says that in January, miners were actively selling almost all of the mined BTC, however, in February, the volume of sales decreased significantly. This could mean that miners are hoping for an increase in the value of bitcoin. “This suggests that miners have either completed adequate sales to cover costs, or could also mean they see Tesla's vote of confidence as fair reason to keep a strong grip on their treasuries," analysts say.

 Analysts: 5 services store more than 50% of cryptocurrencies that were obtained illegally

Chainalysis experts concluded that 55% of digital currencies that were obtained fraudulently or with the help of ransomware viruses are laundered through just 5 services. These services use about 270 unique deposit addresses. Analysts believe that the largest processors of illegally obtained crypto coins receive about $25 million a year. Serving such illegal transactions may be their main activity. Experts believe that suppressing the illegal activities of such deposit addresses will help shut down most of the infrastructure that now exists for laundering crypto assets.

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 BlackRock with $ 8.7 trillion in assets is interested in bitcoins

Investment company BlackRock, which manages assets totaling $8.7 trillion, is interested in the main crypto coin. The company's investment director Rick Rieder said BlackRock is already "doing a little bit" of digital currencies. “My sense is the technology has evolved and the regulation has evolved to the point where a number of people find it should be part of the portfolio, so that’s what’s driving the price up, ” said the entrepreneur. Rieder did not go into details of BlackRock's cryptocurrency strategy. However, it is known that the investment giant recently filed documents with the SEC. They say the company wants to include bitcoin futures in the investment portfolio of two of its funds.

 US authorities accused the creators of Coinseed of defrauding investors for $ 1 million

New York Attorney General Laetitia James has accused the creators of the cryptocurrency investment application Coinseed of fraud. The state prosecutor's office believes that entrepreneurs lured out $1 million from investors through hidden fees and implausible statements. The company also issued a CSD token, which actually "had no functionality" in the Coinseed app. The prosecutor's office intends to bring to justice not only the company, but also two of its top managers. The allegations are centered around the 2017 ICO of Coinseed. Coinseed, according to preliminary data, received about $100,000 through the sale of 200,000 CSD tokens. Also, the prosecutor's office is confident that the company was engaged in operations with cryptocurrencies without registering as a broker-dealer. “Attorney General James seeks to stop Coinseed and the two individual defendants from further operating as unregistered commodities broker-dealers through their mobile application, as well as return investments of Coinseed’s worthless cryptocurrency, the CSD token,” according to a press release from the Attorney General's Office in New -York.

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On 7/27/2018 at 6:21 PM, BestChange said:

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 OKCoin plans to delist Bitcoin Cash and Bitcoin SV

The largest cryptocurrency platform OKCoin has planned to delist Bitcoin Cash and Bitcoin SV. According to the CEO of Hong Fang, new users of OKCoin often come to invest in BTC, but by mistake, they buy BCH or BSV. Among other reasons for the failure of bitcoin forks - a controversial figure of the creator of BSV Craig Wright. The entrepreneur has already stated that it was he who created bitcoin. “This is not an easy decision. We had a choice and there is collateral damage, but we had to stand up for the bigger principle we believe in. On the one hand we feel very strongly about protecting the open-source ethos, but on the other, if we do something about it, that would conflict with our principle of being a neutral platform. We wouldn’t have changed that if it weren’t for Craig Wright posting these threats to the open-source dev community. We think these threats are very destructive to development and Bitcoin as a whole, "- Fang said.

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 Nassim Taleb considers Bitcoin adherents to be amoebas

Nassim Taleb, the author of the famous work "Black Swan" criticized the adherents of bitcoin. In his opinion, they "think in binary". “And the minute someone defines herself or himself as a "bitcoiner" like a national identity it becomes an irreversible ideological committment not an investment strategy. Actually it is a religion. You "belong" to a group of amoebas,” Taleb wrote on his Twitter page. Earlier, Nassim Taleb spoke out several times in support of the main cryptocurrency, and also criticized the conservative financial system. In early 2019, he gave a lecture in Moscow, where he voiced the key goal of bitcoin - "scare the bankers."

 Bill Gates fears bitcoin could harm the environment

In an interview with CNBC journalist Andrew Ross Sorkin, Microsoft co-founder Bill Gates pointed out that it takes quite a lot of electricity to confirm BTC transactions. However, he stressed “Bitcoin uses more electricity per transaction than any other method known to mankind, and, so, you know, it’s not a bad climate thing. If it’s green electricity and it’s not crowding out other uses, eventually, you know, maybe that’s okay. I don’t see the topic as deeply related even though you might label me a Bitcoin skeptic, ” said the billionaire. In addition, he said that the Gates Foundation is currently developing its own digital currencies. According to the entrepreneur, they will have “ultra-low” transaction fees.

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 Investors demanded compensation for $100 million for Pavel Durov’s failed blockchain project

Investors are ready to sue Pavel Durov’s TON Inc. project. and Telegram Inc. Representatives of the Da Vinci Capital fund sent a letter to the founder of Telegram and his team in which they demanded damages recovery in the amount of $100 million for the failed cryptocurrency project, according to Forbes that cites sources. The notice states that failure to compensate for damages will result in litigation in the UK. The defendants will be not only Pavel Durov, but also other top managers and lawyers of TON. We would like to remind the reader that in mid-2020, Pavel Durov announced the closure of his TON blockchain project. This was due to a court decision that agreed with the SEC's position and prohibited the transfer of Gram tokens to platform investors. Earlier, the project attracted $1.7 billion from 171 investors.

 American financier approved BTC as an investment asset

Jurrien Timmer, Director of Global Macro at Fidelity Investments, shared his vision of the prospects for the main cryptocurrency as an investment asset. A top manager of the company suggested considering BTC a form of "digital gold" and using it to hedge inflation risks. “In my view, bitcoin has evolved to the point that it could be treated as a form of digital gold…a possible counterweight to future monetary inflation,” Timmer tweeted. A top manager at Fidelity Investments, analyzing the nature of bitcoin, noted that the demand for this asset continues to grow "exponentially", while the supply remains unchanged. This scenario cannot be applied to gold, the annual production of which has remained roughly the same for a long time.

 NYC Attorney's Office: Investing in Cryptocurrencies is fraught with "extreme risks"

New York Attorney General Laetitia James issued a sharp statement on the cryptocurrency market, warning investors about its susceptibility to "speculative bubbles" and abuse by criminals. In her opinion, investing in digital assets is "impractical" and carries "extreme risks." "Cryptocurrencies are high-risk, unstable investments that could result in devastating losses just as quickly as they can provide gains," the New York Attorney General says. The warning came amid the growing attention of retail and institutional investors to the cryptocurrency market and to Bitcoin in particular. “The recent dramatic run-up in price of virtual currencies (especially bitcoin) promises the lure of unrealistic returns and has opened the door for con artists and cheats,” said James.

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 Netflix will be the next BTC buyer

Popular streaming service Netflix is ready to buy bitcoins. The decision is dictated by the policy of the reserve management service. This opinion was expressed by venture investor Tim Draper. “You know who it might be? Netflix. I think [CEO] Reed Hastings is a very innovative guy and has a lot of creative thinking and I think he still controls the reins at Netflix and so I think that might be the next big one to fall, ” Draper said. The entrepreneur also believes that the largest trading platform Amazon will add BTC as a means of payment. He noted that customers of the marketplace have been buying goods using cryptocurrencies indirectly for a long time.

 EOS creator launches decentralized social network Clarion

EOS developer Dan Larimer announced the launch of the decentralized social networking project Clarion. The goal of the project is to create decentralized networks that allow people to communicate without relying on intermediaries. “Clarion OS is just getting started and is in the early design stage. We are assembling a team of developers to build the first prototypes. This project will be developed in the open and welcomes contributions from anyone interested in restoring the internet to the level of logical decentralization that was intended before Big Tech locked us into their services and stopped producing tools that empower people,” Larimer wrote in the GitHub community. According to the developer, he took into account the mistakes associated with his early projects. Clarion will support text and video messaging, voice chats and the ability to publish content.

 Survey: 11% of Institutions said their company trades or invests in cryptocurrencies

JPMorgan analysts surveyed more than 3,000 respondents from 1,500 financial institutions. Researchers have found that most institutional investors are not willing to invest or trade digital currencies. 11% of respondents indicated that their company trades or invests in cryptocurrency assets. 22% of respondents answered that they consider it possible to engage in cryptocurrency transactions. 14% of survey participants believe that the cryptocurrency market will collapse, and 7% of those surveyed said that cryptocurrencies will become the most important assets. 58% of respondents are confident that digital assets will be a permanent feature in the financial markets. 21% of the surveyed said that cryptocurrencies are of temporary nature.

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 Investors are more interested in Cardano than BTC

Voyager Digital, a cryptocurrency broker, has published a new study, which says retail investors are more positive about the growth prospects of Cardano than BTC. However, 80% of investors intend to purchase more Bitcoins this month. More than 31% of respondents are optimistic about ADA growth, according to the study. 22% of the survey participants spoke out in favor of Bitcoin. ETH ranks third in popularity among investors. 12% of the respondents voted for it. “This clearly demonstrates the enthusiasm that our user base has towards cryptocurrencies, both from the investment and trading perspectives. Of course, everyone is talking about Bitcoin these days, but seeing Cardano coming ahead of it was a really big surprise for us” CEO of Voyager Digital Steve Ehrlich said.

 Expert: Bitcoin price will rise

The main crypto-coin will continue to win back the previous falls. Its price may approach the $ 57,200 mark, says Vladimir Panushkin, head of the Center for Social Matrix Technologies "Socioma". “Although the general psychological background remains very active, pushing the bitcoin exchange rate up, the sentiment of many participants still remains restrained. Recovering the previous falls, today the first cryptocurrency can approach the mark of $57,200 per coin, ” the expert said. According to Coinmarketcap data, the bitcoin rate continues to rise. On March,10 the main cryptocurrency cost around $ 55,143.

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 NFT searches hit a record high

According to The Block Research, the number of searches for non-fungible tokens in the Google search engine has reached an all-time high. According to NFT Non-Fungible data for 2020, the industry has grown by 300% compared to the previous period, and the volume of this market has increased by about $ 250 million. The number of weekly users of NFT platforms also testifies to the growth of attention. Over the past week, it amounted to almost 400,000 people. Not only media and ordinary investors show interest in NFT, but also media personalities. Elon Musk previously announced his readiness to sell his NFT token for 420 million Dogecoin.

 A well-known financial consultant admitted that he was wrong with his bitcoin strategy

Stock market star Dave Portnoy wrote on his Twitter page that he made the mistake of selling his BTC too early. In his words, the investor did not understand the dynamics of the growth and fall of the most popular crypto coin. Earlier, the founder of Barstool Sports acquired BTC for $1 million. However, he quickly became disillusioned with this asset and sold bitcoins at a price below $12,000. “I want to congratulate all my bitcoin people out there. When you're wrong, you're wrong. I fucking paper-handed, sold it. I fucking can't take bitcoin, the ups and downs. I wish I had it. I took all my money and I put it in what I think I know, and what I can control. I don't know bitcoin. I fucked up, ”Portnoy said in his video message to crypto enthusiasts.

 JPMorgan: retail investors are more interested in bitcoin than institutional ones

Analysts at JPMorgan concluded that in the first three months of 2021, retail investment in BTC exceeded that of institutional investors. The latter began to buy less cryptocurrency. Analysts do not exclude that a decrease in the volume of investments from institutions may be one of the reasons that bitcoin could not stay above the $60,000 mark. According to JPMorgan, retail investors bought over 187,000 BTC, while institutional investors bought about 172,684 BTC. According to the Japanese investment company Mizuho Securities, about $40 billion of the $380 billion that American citizens will receive in the form of incentive payments can be invested in bitcoins and stocks.

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 Messari thinks ETH can get ahead of BTC

Ryan Watkins, senior analyst at analyst firm Messari, believes that ETH could displace BTC from the first place in the ranking of cryptoassets in terms of capitalization. This can happen after the transition to the second version of the Ethereum protocol. “The selling point of Bitcoin over Ethereum as a store of value asset boils down its monetary policy being very predictable and the Bitcoin blockchain being very secure. I think that with the shift to Eth2 and to proof-of-stake, [...] Ethereum may actually potentially be more secure than Bitcoin,” said Watkins. The analyst noted that a "massive and diverse" economy is based on the Ethereum blockchain. The actively developing direction of decentralized applications will attract new users faster than BTC, he is sure.

 Bank of America analyst: buying 1 BTC is "like owning 60 cars"

Bitcoin is useless as a store of value or payment instrument. The only reason to become a holder of BTC is its growing price. This is the opinion of analysts at Bank of America, whose report is called "Little Dirty Secrets of Bitcoin." One of the authors of the report, Francisco Blanch, is confident that BTC cannot be a safe-haven asset due to the fact that it is not tied to inflation and has serious volatility. The analyst pointed out that about 95% of bitcoins are held by the owners of 2.4% of wallets, and this may become an obstacle to the global introduction of the crypto coin. “As such, the main portfolio argument for holding Bitcoin is not diversification, stable returns, or inflation protection, but rather sheer price appreciation, a factor that depends on Bitcoin demand outpacing supply,” said Blanch.

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 Anthony Scaramucci: bitcoin will repeat Amazon's success

Anthony Scaramucci, the founder of the SkyBridge Capital hedge fund, is confident that in the long term, the main cryptocurrency will be able to repeat the success of Amazon. According to the entrepreneur, bitcoin volatility will gradually decrease simultaneously with the massive acceptance of this asset by society. “Amazon now, 20 years later, is trading with more stability. It got a very big pop because of the pandemic, but just take a look at its long-term chart, and I think that will happen to bitcoin,” Scaramucci said. The total number of bitcoins is limited to 21 million coins. According to CoinDesk, about 18.66 million coins have already been mined. At the same time, about 15.5 million are in circulation, since access to wallets from 15% to 20% is considered completely lost according to various expert estimates. Cryptocurrency proponents see this as one of the prerequisites for the price of BTC to rise as demand continues to outstrip supply.

 Federal Reserve is confident that CBDC will not replace fiat

The head of the US Federal Reserve System Jerome Powell expressed the opinion that digital currencies of central banks (CBDC) will not become a substitute for conventional money. CBDCs will coexist with them. According to Powell, not only the government, but also the private sector should be engaged in improving the global payment system. “CBDC needs to coexist with cash and other types of money in a flexible and innovative payment system,” said the Federal Reserve Chair. At the same time, experts from the Bank for International Settlements (BIS) conducted their research on the estimated future of global payments and the interaction of different CBDCs. BIS expects countries whose central banks will also start launching their CBDCs to continue to emerge, leading to interoperability issues between different digital currencies. Experts emphasize that CBDC will need to compete with those private stablecoins that already exist. In addition, the researchers announced the possible emergence of a global stablecoin, but whether it will be a digital dollar issued by the US Federal Reserve or another CBDC in BIS is not yet sure.

 Jack Dorsey sells an NFT tweet for $2.91M

Twitter founder Jack Dorsey sold his first tweet in the form of a non-fungible token (NFT) for $ 2.91 million. He promised to convert the proceeds from the sale into bitcoin and donate to charitable foundation GiveDirectly. On March 6, 2021, Dorsey put up a post for sale with the text " just setting up my twttr” " as an NFT. According to the auction data, the lot was bought by the founder of Bridge Oracle, Sina Estavi, but the founder of Tron, Justin Sun, also actively participated in the auction. Jack Dorsey is considered one of the most famous Bitcoin proponents. The cryptocurrency division of the company he founded and manages, Square, has repeatedly invested in bitcoin and financed the developers of the first cryptocurrency. Earlier, the Canadian analytical company NonFungible predicted the growth of the NFT market by several times in 2021.

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 ESMA warns of risks associated with BTC

The European Securities and Markets Authority believes that cryptocurrencies pose a certain threat. A new report from the agency talks about the risks of losing funds when investing in digital currencies, for example, in BTC. ESMA believes that some crypto assets are "very risky and speculative." And the lack of regulation really deprives investors of any guarantees and security. “Consumers must be alert to the high risks of buying and/or holding these instruments,” the report says.

 Ray Dalio says that the US may ban cryptocurrency

The famous American financier Ray Dalio spoke about the high probability of a ban on bitcoin in the United States. The entrepreneur drew a parallel with the decision of the authorities to confiscate gold from citizens during the Great Depression. “Every country treasures its monopoly on controlling the supply and demand. They [the authorities] don’t want other monies to be operating or competing, because things can get out of control, ”Dalio said. According to the billionaire, the first crypto coin has proven itself excellently since its inception. Bitcoin has quite a few fans, and its blockchain has not been hacked. “It is an alternative, in a sense, store hold of wealth. It’s like digital cash. And those are the pluses,” concluded Dalio.

 President of Microsoft Corp. spoke out against digital assets

IT companies do not need to issue currencies, the authorities should be engaged in this. This point of view is shared by the President of Microsoft Brad Smith. “The money supply almost uniquely needs to be managed by an entity that is responsible to the public and thinks really only about the public interest, and that means governments,” said the top manager of the company. Earlier, Microsoft announced the launch of a decentralized identifier network powered by the BTC blockchain. It was reported that the solution will allow the creation of DIDs and can be used on social networks.