Bitcoin is about to break through $5000
In the second half of August, bitcoin traveled between $4000 and $4400. By the end of August, it looks like bitcoin won’t be able to break through $4400. Bitcoin, however, broke many investors’ expectations, jumping from $4400 to $4600 at 12:30 on August 29th, setting an average of $4627 on CoinMarketCap. In terms of personal records, the price is higher. 4600 dollars did not stand firm and fell to $4501 this morning. Still, bitcoin is up 3% in a single day, with a market capitalisation of $744 billion.
[market], Fang Fang and bitcoin continue to rise, NEO impact
Since it has already exceeded $4500, many analysts predict that bitcoin will soon exceed $5000. Max Keiser says he believes it is likely to exceed $5000 this week.
Ethernet square almost hit a record high
Although bitcoin hit a record high, attracting all the attention, but Fang Fang also rose Wednesday. Because ETH/KRW and ETH/CNY are going up, Ethernet square rose to $389 in August 30th, the highest price since June 14th. Currently, $367 is $36 billion 600 million worth of Ethernet square.
[note] in this article, the encrypted asset (CryptoAsset) or asset (assets) refers to tokens running on a block chain, such as OmiseGo, TenX, etc.. Different from bitcoin, Wright coins, currency and ETH have their own block chain of currency (C). In the following “encrypted asset” statistics. Also bitcoin, Wright, bitcoin, ETH and other currency data excluded. ]
I am the founder of the etheric square, and today I would like to discuss the growing importance of the assets based on the etheric square in the ecosystem. With the data of CoinMarketCap (https://coinmarketcap.com), I compared the volume, market value and quantity of the encrypted money platform. By the way, CryptoAsset refers to a token that runs on another encrypted currency as an operating platform. For example, Melonport, for example, is based on the Ethernet square block chain, which does not need to have its own nodes to run.
Encrypted assets do not have to have their own block chain, which has many advantages. One of the most important advantages is that the block chain project does not need to create its own infrastructure because it can use existing infrastructure. Building your own block chain is not difficult, but it has always been difficult to maintain. This is the benefit of using the underlying platform for the project.
I’ve noticed some interesting things about Ubiq, Ubiq is the fork of the etheric square. Ubiq did not chatter about the DAO crash (like ETC), but was working to create a powerful rival for the etheric square. Now, the Ubiq platform has a much larger valuation and transaction volume than the assets on ETC. More bluntly, Ubiq has a lower valuation than ETC when it has a strong asset. It’s fascinating, and at this point I can see the irrationality of the market.
OK, let’s get down to the encrypted asset market.
This week, Vnesheconomybank, Russia’s state-owned Development Bank (VEB) and Ethernet square foundation founder, chief architect and co-founder Vitalik Buterin in Ethernet square block chain: a new Russian oil “(Blockchain:New Oil of Russia) during the meeting signed a cooperation agreement.
Etheric square big positive? VEB, Russia’s state-owned bank, has signed long-term partnerships!
The official announcement of VEB show that the agreement will be determined “to establish a long-term effective partnership in the implementation of the project, which will include the use of Ethernet square block chain to develop a distributed registry, the formation of a community of experts and implement various workshop Ethernet module for training and education programs, developers, experts and the chain block the specific research into institutions blockchain upcoming VEB Technology Center”.
The launch of the research centre coincided with the wider adoption of the technology by the Russian government and the launch of a digital progressive agenda under the orders of Russian President Vladimir Putin. The research center will combine state-owned enterprises and government agencies with block chain engineers, enabling the Russian government to adopt this innovative de centralized technology.
Since May 1st, 43 projects have raised $1 billion 200 million with ICO, according to Nick Tomaino. The returns on many ICO projects have broken through the horizon. The rate of return for the etheric square is 82000%, IOTA is 56000%, and Spectatiscoin is 21000%. So, not surprisingly, by the end of 2017, at least 15 new crypto money hedge funds were launched this summer.
Last September, Coinbase’s first employee, Olaf Carlson-Wee, created Polychain Capital for $4 million and now manages $200 million in assets. The fund received investments in Andreessen, Horowitz, Founders, Fund, Sequoia Capital and Union Square Ventures. He entered the industry early, but not the first.
Metastable Capital, founded by Lucas Ryan, Josh Seims and Angel List CEO and co-founder Ravikant, was founded in the fall of 2014 and has $45 million in asset management. Like Polychain, it follows the Buffett style buy and hold strategy, which has so far been a “big win” bitcoin.
Several bitcoin funds were established in the same year. Tim Enneking runs index style bitcoin funds, while Jersey Global Consultant Daniel Master (Daniel Masters) launched an active management of bitcoin funds, last year’s rate of return of 71%. (Enneking later established an offshore encrypted money fund, which is now closed.)
This spring, Blockchain Capital conducted its third round of investment, not only investing in block chain start-ups, but also investing in encrypted currencies. The company spent $50 million on its $10 million fund to sell tokens to the public (but only accredited investors in the US), the BCAP.
Now, more crypto money players and financial veterans want to set up funds in the new world of wealth. Of course, as expected, as the crypto money sector has created so many new tyrants, pure novices and some of the few people who know little about technology are flooding in.
It is understood that, in August 31, 2017, Vnesheconombank (Note: Vnesheconombank VEB, a Russian government-owned Development Bank) to clarify the previously published and the foundation of partnership between the etheric Fang statement of misunderstanding.
According to VEB’s clarification, the bank’s recent deal is not partnering with the etheric square foundation, but a partnership with a newly created entity, Ethereum Russia. Ethereum Russia was created by Vitalik Buterin (maker of ether Square) and Vladislav Devices, CEO of Russian mobile communications and equipment connection company Yota Martynov.
Marytnov said in a statement about the error in said: “we signed not partners, is a cooperation agreement… We… When, when I say we Ethereum, it was founded by Vitalik and my own company, we provide concrete support, we promise to provide specific support for the bank.”
This is not the first time to confuse the actions of Buterin and Russian officials. Recently, as of June this year, a brief meeting between Buterin and Russian President Vladimir Putin was mistaken for Putin’s endorsement by the media. For this misunderstanding, the etheric Fang foundation explains that although Buterin indeed met with Putin for a short time, but Buterin also spent most of the time the leadership in the industry and government agencies access, application and use case workshop for the exchange of ethernet.
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