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If Bitcoin collapses, you can buy Dow; Libra increases cryptocurrency for central banks




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Get Forbes top crypto and blockchain stories & nbsp; delivered to your inbox & nbsp; every Friday for the latest news about bitcoin, other important cryptocurrencies and blockchain adoption.

IF BITCOIN APPLIES, BUY DOW

Bitcoin's future is & usbsp; uncertain : it can continue climb to $ 20,000, $ 50,000 and beyond, or it may & nbsp; fall just as fast & nbsp; as it rises, and if the latter happens, & nbsp; here is & nbsp; why you might want to make a quick transition to stocks.

CRYPTO MARKETS

But despite this uncertain future, bitcoin & nbsp; can dominate the market – a measure of its value compared to the broader cryptocurrency market – perhaps more than 90% according to new research.

"H As day bitcoin stays ahead, it is readable that something else cryptocurrency can compete like a money, "said Bendik Norheim Schei, an analyst at Arcane Research, who conducted the study.

However, bitcoin traded sideways this week, falling to low & nbsp; under $ 10,000 & nbsp; in the middle of the week.

HOW LIBRA & # 39; SUPERCHARGED & # 39; INTEREST IN THIS CRYPTO SETUP

Summer 2016, when bitcoin began its rise to $ 20,000 at the highest of all time, & nbsp; Bitt a Barbados-based startup, which at that time seemed rather bizarre. It issued a cryptocurrency backed by the Barbadian dollar, and many wondered why a cryptocurrency would want to introduce a central ecosystem authority. Then Facebook announced plans to issue & nbsp; libra a cryptocurrency backed by a basket of currencies issued by central banks, and now central banks knock on Bitt's door .

Counterpoint: & nbsp; Facebook & nbsp; is still working hard on the brand new cryptocurrency system, but how can it be compared to established services like & nbsp; Venmo and Cash App ?

ENTERPRISE

Telecom giants & nbsp; Vodafone & nbsp; has joined a group of mainstream players – including & nbsp; Nokia Cisco & & nbsp; Lenovo ] —I & nbsp; IBM 's trust in your vendor blockchain project. The project aims to make the difficult process of streamlining suppliers by eliminating layoffs & nbsp; in background checks.

HONG KONG

Cryptocurrency companies have played different roles in & nbsp; ongoing protests in Hong Kong and even distributed cryptocurrency-funded supplies to protesters. Genesis Block is one such company, and has provided Hong Kong demonstrators & water bottles and umbrellas funded by & nbsp; international bitcoin cash donations .

ELSEWHERE

Facebook Members & # 39; Crypto Mafia & # 39; allegedly gets cold feet about Weight Currency. & lsqb; Gizmodo & rsqb;

Ethereum Poised to Be First Public Blockchain in Hyperledger Consortium. & lsqb; CoinDesk & rsqb;

2020 Presidential candidate Andrew Yang agrees to vote blockchain. & lsqb; The Block Crypto & rsqb;

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Get Forbes & # 39; top crypto and blockchain stories delivered to your inbox every Friday for the latest bitcoin news, other major cryptocurrency and blockchain adoption business.

IF BITCOIN APPLIES, BUY DOW

Bitcoin future is uncertain : it may continue to climb to $ 20,000, $ 50,000 and beyond, or it may fall as fast as it rises, and if the latter happens, here is why might it be a good idea to make a quick impact on stocks [19659010] CRYPTO MARKETS [19659007] But despite this uncertain future, bitcoin's market dominance – a measure of its value compared to the broader cryptocurrency market – may be more than 90% according to new research.

"Every day bitcoin stays ahead, it becomes less likely that something someone's cryptocurrency can compete like money, "said Bendik Norheim Schei, an analyst at Arcane Research, who conducted the study.

However, bitcoin traded sideways this week, falling to the lowest level below $ 10,000 in the middle of the week.

HOW LIBRA & # 39; SUPERCHARGED & # 39; INTEREST IN THIS CRYPTO SETUP

In the summer of 2016, when bitcoin began its ascent to $ 20,000 at all times, Bitt a Barbados-based startup, did what seemed quite bizarre at that time. It issued a cryptocurrency backed by the Barbadian dollar, and many wondered why a cryptocurrency would want to introduce a central ecosystem authority. Then, Facebook announced plans to issue libra a cryptocurrency backed by a basket of currencies issued by central banks, and now is banking on Bitt's door .

Counterpoint: Facebook is still working hard on the brand new cryptocurrency system, but how can it be compared to established services like Venmo and Cash App ?

ENTERPRISE

Telecom giant Vodafone has joined a group of mainstream players – including Nokia Cisco and Lenovo —in IBM & # 39; s Trust Your Vendor blockchain project. The project aims to make the difficult process of getting suppliers more efficient by eliminating layoffs in background checks.

HONG KONG

Cryptocurrency companies have played various roles in ongoing protests in Hong Kong and even distributed cryptocurrency-funded supplies to protesters. Genesis Block is one such company, and has provided Hong Kong demonstrators water bottles and umbrellas funded by international bitcoin cash donations .

ELSEWHERE

Facebook members & # 39; Crypto Mafia & # 39; reportedly getting cold feet about Libra currency. [ Gizmodo ]

Ethereum eligible to be the first public blockchain in the Hyperledger Consortium. [ CoinDesk ]

2020 Presidential candidate Andrew Yang advocates blockchain voting. [ The Block Crypto ]


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