Former Gemini manager becomes Bitstamp's new CEO
One of the oldest cryptocurrency exchanges on the market has replaced its CEO. Instead of Neitz Kodrić, who founded Bitstamp in 2011, it will now be managed by Julian Sawyer, who was formerly responsible for the development of Gemini in the European market.Luxembourg-based Bitstamp was acquired by Belgian investment firm NXMH in October 2018. Since then, there have been changes in the management staff of the exchange.
Kodric will be assigned a position as a consultant on the board of directors of Bitstamp, but he will no longer make management decisions.
“After a lot of thought, I came to the conclusion that Bitstamp has already outgrown my original goals. It's time to start broadening her vision for someone else, ”he said.
Prior to that, Sawyer worked in the traditional finance industry and co-founded Starling Bank, of which he served as COO until 2019.
In September, Bitstamp announced the integration of the trading engine of Market Technology, a technology solution provider for the Nasdaq.
JPMorgan Says Bitcoin Significant Long-Term Growth Potential
The bank noted a relatively low capitalization of bitcoin, explained by the fact that it is chosen mainly by young investors, while the older generation prefers to keep their assets in gold in material form. JPMorgan estimates the physical gold market, including secured ETFs, at $ 2.6 trillion. In order for bitcoin to equal it, it must grow 10 times from the current levels.
"Even modestly crowding out gold as an 'alternative' currency over the longer term would imply a doubling or tripling of the price of bitcoin," writes JPMorgan.
According to analysts, over time, cryptocurrency can start to be held for the same reasons for which gold is now held. “Cryptocurrencies are valuable not only because they act as a store of value, but also because of their practical importance as a means of payment. The more economic agents will accept cryptocurrencies as a means of payment in the future, the higher their practical significance and value will be, ”the report says.
Analysts also say bitcoin has significant potential for long-term growth as millennials will become "an increasingly important component of the investor space" over time.
Based on technical analysis methods, analyst Katie Stockton of Fairlead Strategies concluded that in the short term, Bitcoin has every chance to continue moving towards $ 14,000. Over the past week, the price of the first cryptocurrency has increased by 14% and at the time of publication is close to its local highs of about $ 13 000.
Today, #EXMO is launching a $ PRQ token from the PARSIQ project, which is worthy of attention at least because it works as a ready-made, operational service.
The basis of the project is the so-called Smart Triggers system, which are primarily used by ordinary wallet owners to receive instant notifications in the Telegram.
However, if we dig a little further, we will see the unlimited possibilities of using this monitoring and their own programming language ParsiQL.
Customized alerts, which can catch transactions at the mempool stage (before the final confirmation), recently saved the CoinMetro exchange from serious losses.
Other clients of the working PARSIQ service include:
- Traders who track portfolios in fiat or single cryptocurrency use value-equivalent alerts.
- Businesses accepting crypto payments are using automatic offloading of data on incoming and outgoing transactions for audit, adding Trust Score information to alerts to meet regulatory requirements.
- Any financial institution - customize workflows according to their business model, while avoiding unnecessary risks, complexity and costs.- DApps, DeFI and Blockchain Protocols - use ready-made infrastructure and functions to work with live streams of events in the blockchain to expand the functionality of decentralized financial solutions and improve security.
We are among the first to tell the Russian-speaking community about PARSIQ and the PRQ token, so don't miss today's listing on EXMO and be sure to check the project's website - https://parsiq.net .
Jack Ma: "digital currencies are the future of the financial system"
According to the founder of Alibaba, digital currencies will help create a new global financial system. Jack Ma also criticized global banking regulation.
Chinese billionaire Jack Ma said digital currencies could play an important role in the new global financial system. The founder of China's largest tech company, Alibaba, expressed his position at the Bund Summit in Shanghai.
“Digital currency can create value and we need to think about how to create a new type of financial system using digital currencies,” Ma said.
However, it's not clear exactly what Ma meant when he talked about digital currencies. Binance CEO Changpeng Zhao tweeted that it was an "amazing speech" in which Ma "talked a lot about cryptocurrency and the future." However, Ethereum co-founder Vitalik Buterin asked Zhao what exactly Ma meant by "digital currencies." To this, Zhao replied that "the meaning can be interpreted in different ways."
Perhaps Ma in his speech was talking about government cryptocurrencies, such as the digital yuan, which is in the final stages of testing before the official launch. Recently, Governor of the People's Bank of China (PBOC) Yi Gang said that the development of a national digital currency will become one of the main drivers of the PRC's transition to a digital economy.
Ma also said during his speech that global rules, in particular the Basel Accords - international guidelines for banking regulation - were already outdated. He added that global regulation is holding back China's development and "does not take into account the possibilities of young people or developing countries."
Recall that according to a study published in September by KISSPatent, Alibaba almost surpassed the American computer giant IBM and by the end of this year will become the largest holder of patents related to the blockchain.
Impressive