Bitcoin Price Could Hit $15,000 This Year

Christopher Matta, Goldman Sachs

According to my estimates, the recent tx spam on the ETH network cost up to ~$15m USD

Vitalik Buterin
BTC $
68,03
ETH $
68,03

News

Investor Mike Novogratz who predicted that Bitcoin would reach $40k by the end of the year has changed his mind, reports CNBC.

Mike Novogratz: I’m Not Sure That Bitcoin Will Hit $9000 By Year’s End

Abra wallet’s provider launched a new token based on cryptocurrency assets portfolio. Bitwise 10 Crypto Index Token (Bit10) is based on a portfolio consisting of TOP-10 cryptocurrencies in terms of market cap. The assets’ structure in the wallet is rebalanced monthly. The index was developed by Bitwise Asset Management company last year.

Abra Launched a Token Tied to Bitwise Cryptocurrency Fund

The Federal Financial Monitoring Service of the Russian Federation has revealed that bitcoin is used for drug trafficking in 23 regions of the country. The authority reported about it in its “2017-2018 National money laundering risk assessment”.

Russian Financial Service: Bitcoin is Used For Drug Trafficking in 23 Russian Regions

The Israel Securities Authority (ISA) has integrated distributed ledger technology into its systems, reports Finance Magnates.

Israel Securities Authority Uses Blockchain Solutions

Gemini exchange, founded by Cameron and Tyler Winklevoss, has announced that it obtained insurance coverage for the digital assets it holds in custody, CoinDesk reports.

Bitcoin Exchange Gemini to Insure Users’ Assets

Brazil’s securities regulator, Comissão de Valores Mobiliários (CVM) allowed local investment companies to investment funds in the cryptocurrency ecosystem via the acquisition of derivatives and foreign funds, reports CNN referring to regulator’s circular.

Brazilian Regulator Allows Local Funds to Invest in Cryptocurrency

A major American broker TD Ameritrade Holding Corp has invested undisclosed amount of money in a regulated derivative exchange ErisX, this will allow the latter to offer Bitcoin, Bitcoin Cash, Ethereum and Litecoin futures.

TD Ameritrade and ErisX Will Launch BTC, BCH, LTC and ETH futures

Cryptocurrency exchange Poloniex will deprive US users of margin trading and lending option by the end of the year. As the trading platform blog says, Poloniex is eager to comply with regulatory requirements in every jurisdiction.

American Users of Bitcoin Exchange Poloniex Will Be Deprived of Margin Trading

Binance, the largest cryptocurrency exchange in terms of trading volume, invests $2.5 million in Australian startup TravelbyBit.

Binance Invests $2.5 Million In TravelbyBit

Many experts are sure that the insufficiently regulated cryptocurrency market is controlled by trading bots, that significantly affect the pricing. It is reported by Wall Street Journal.

WSJ: Cryptocurrency Market Prices Are Formed By Trading Bots