submitted by Floris-Jan to aelfofficial [link] [comments]
2019 has been a tumultuous but amazing year for the development and advancement of blockchain technology. Following the rally to the all-time-highs at the end of 2017 and the intense infrastructure development and ongoing Bear Market of 2018 it was clear things were changing quickly. We are about to enter a new decase and the team at Aelf wanted to look back at 2019 and reflect on some of the events that occurred over the last year to see where the industry might be headed in 2020.
Although the year has been considered a continuation of the 2018 bear market, it didn’t stop development, progression and a myriad of crazy events from occurring. This included the challenges associated with global regulations, the upcoming Bitcoin halving event in May 2020, announcement of the Facebook Libra and Telegram Open Network’s (TON) launch delay. This year also saw a myriad of debacles from self-proclaimed Bitcoin creator Craig Wright, the Justin Sun and Warren Buffet lunch situation, the recent claim of Twitter CEO Jack Dorsey’s goal to modify Twitter into a decentralized version of the platform, and President Trump’s Bitcoin statement, among others. Now let’s examine more of what took place during 2019 as we approach the start of the New Year in 2020.
The SEC, Telegram, Facebook Libra, Kik and Blockchain’s Global Regulatory Environment
Many of the world’s governments have been harsh towards blockchain technology in recent years. Particularly, the US Government and the Securities and Exchange Commission (SEC) have been very reluctant to ease the regulatory framework for blockchain development in the country. This has become more evident in 2019, with the SEC combatting many blockchain projects this year including the $1.7 billion-dollar token offering of the Telegram Open Network
and the Facebook Libra project. As well the SEC created controversy in a gruesome battle with Kik over its alleged illegal token offering that Kik has sworn to fight to their last breath.
Many proponents of blockchain technology accuse the SEC of unfair policies to put a stranglehold on the development on blockchain in order to prevent the devaluation of the American monetary system. The reluctance for crypto exchanges to set up shop in the US is also becoming more prevalent because of the supposedly biased and unfavourable approach of the SEC. Nevertheless, there are also several major countries including China that have for the most part embraced the advancement of blockchain technology in 2019. China has also nearly finalized the development of the digital Chinese Yuan and announced that that country is going all in on blockchain development despite its sometimes anti-Bitcoin approach.
The Bitcoin Halving Event and its Ongoing Effect on Market Conditions
With the end of 2019 nearly upon us and the upcoming Bitcoin halving event set to take place during May of 2020 the market could be overdue for a bull market of mass proportions. Remember, the last bull market that took place was 2 years ago during December 2017 and was followed by an incredible dump from the all-time-high price of 20 thousand US Dollars to just 3300 USD in December 2018. For the most part, 2018 was a blood-bath for crypto markets and 2019 has not been all that much better. The price did briefly rally up to 14 thousand US Dollars during mid 2019 but has since been reduce by half with the Bitcoin price presently at just over 7000 US Dollars. Bitcoin was designed by its original creators with code written to mitigate the negative effects of inflation. In order to curb inflation, once every 4 years (or 210,000 blocks) the mining rewards that the network automatically generates are reduced in half.
3 Additional Stories to Watch in 2020
In June, the CEO of Tron, Justin Sun purchased tickets through eBay for a charity auction to have lunch with Warren Buffet. Sun paid a record $4.56 million US Dollars in the process becoming the highest bid in the 20-year history of the event. The purpose of the lunch from Sun’s standpoint is to change Mr. Buffet’s viewpoint towards crypto and blockchain tech by inviting several blockchain industry leaders to help sway the famous investor’s perspective. Sun subsequently missed the lunch he scheduled in September because of a sudden bout with kidney stones. At this time, the community will have to wait and see when Sun and Buffet will meet in 2020. Stay tuned.
Back in December of 2015, Craig Wright claimed publicly to be the creator of Bitcoin, Satoshi Nakamoto. Most believe Wright was lying to gain more fame and recognition in the industry. On November 18th, 2018 Bitcoin SV hard forked from the Bitcoin Cash Network to create it own chain. As noted above, the disgruntled CEO of Bitcoin SV, has for years maintained he led the initial development of Bitcoin. During February 2018, Wright was the subject of a 5.118-Billion-dollar lawsuit by Dave Kleiman claiming that Wright defrauded Kleiman of Bitcoin while working on the initial development of the Bitcoin Network between 2009 and 2013. In August 2019, Wright was ordered by a court of law to pay half the 5.11 Billion in Bitcoin back to Kleiman. Throughout 2019, Wright launched lawsuits against Ethereum founder Vitalik Buterin, Bitcoin Cash’s Roger Ver and others for calling him a fraud. It seems likely Wright will continue his ongoing Satoshi rhetoric in 2020.
The CEO of Twitter, Jack Dorsey recently stated that he has hired 5 full-time employees to modify the Twitter platform and make it increasingly decentralized. This may seem like a small step initially, but this project could be expanded easily by someone of Dorsey’s reputation and wealth in the technology industry. Dorsey himself has been a long-term proponent of blockchain technology and an investor in Bitcoin. Binance CEO, Changpeng Zhao, recently offered to help Dorsey make this dream come to fruition. Additionally, Morgan Creek Capital founder Anthony Pompliano supported Dorsey’s statement noting that, “Jack Dorsey may understand the future better than any entrepreneur on the planet right now.”
This year we saw Kik, Telegram and Facebook Libra face fierce backlash from the most powerful regulatory body in the world, the SEC. We saw the Chinese government announce that they are all in on blockchain development and declare the upcoming launch of their own centralized digital Chinese Yuan. Justin Sun postponed his 4.56-million-dollar lunch with billionaire investor Warren Buffet because of health issues, while Jack Dorsey the CEO of Twitter proclaimed a more decentralized and open version of Twitter to prevent some of the abuse on the platform.
In 2019, the 4-year long Craig Wright and Satoshi Nakamoto saga continued, and we finally are moving closer to the much-anticipated Bitcoin halving event of May 2020 that could change the trajectory of the Bitcoin price for much of 2020 and 2021. It is clear 2019 has been an incredible year for the blockchain industry. With no shortage of uncertainty and scepticism in the short-term, it is likely that 2019 will pale in comparison to the developments of 2020. As we approach 2020, the industry will continue to expand towards mass adoption and the mainstream evolution of blockchain technology. Nevertheless, with the global regulatory blockchain environment evolving in many areas across the world, the uncertainty in the United States remains stronger than ever. There is no telling what will happen in this regard and what will happen with Bitcoin and this amazing revolution in 2020 and beyond.
Merry Christmas and Happy Holidays from the Aelf Blockchain team and a Happy 2020 to all our community members!! Thank You
|Rate (per day)||107.80||1494.28|
Generated with BBoe's Subreddit Stats
|Rate (per day)||33.49||2014.59|
Generated with BBoe's Subreddit Stats
Bitcoin SV (BSV) - $3.51B - $196.67; Cardano (ADA) - $2.18B - $0.08; Be nice to each other! r/CryptoCurrency is a welcoming place for all cryptocurrencies. Live Discussion on Discord Crypto Devs CryptoCurrencyMemes. Monthly Top 10 Market Cap Subreddits. r/Bitcoin r/Ethereum r/Ripple r/BitcoinCash r/Litecoin r/EOS r/Binance r/Tether r/Stellar r ... Binance may be the biggest cryptocurrency exchange by trading volume and its BNB token has appreciated over 9000% since launch, but that doesn’t mean Binance and its token are without faults. Binance has grown to where they are today by not doing any AML / KYC (anti-money laundering/know your customer) checks on their customers, so long as they don’t withdrawal no more than 2 Bitcoin a day. na sarafu nyingine za kifedha nchini Urusi ziliibuka kuwa vyombo maarufu kuliko dhahabu. Sarafu za dijiti zimezidi dhahabu kwa umaarufu kati ya Urusi 03:21 Bitcoin Record Highest Trading Volume Two Days in a Row 05:30 Erik Finman: 'If you’re not a billionaire’ in 10 years ‘it’s your own fault' 07:59 Ebay Denies Reports That It Will Accept Crypto Payments 09:52 Bitwise Bitcoin (BTC) ETF Verdict Delayed By The SEC… Again 11:28 Binance To Resume Deposits and Withdrawals at 11PM EST Today Die acht Kryptowährungen, die im Rahmen der „Greenlist“ sowohl für die Verwahrung als auch für die Notierung zum Handel genehmigt wurden, sind: Binance USD (BUSD), Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Paxos Standard (PAX), Gemini Dollar (GUSD), Litecoin (LTC) und Pax Gold (PAXG). Hingegen wurden Ripple (XRP) und Ethereum Classic (ETC) nur für die Verwahrung und nicht für ... The reason for Binance launching its own blockchain is buried deep within the statement, but it arrives, eventually: “As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets. Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB ... Complete list of all Ripple Trading Platforms, markets for buying and selling Ripple (XRP): COINUT utilizes an advanced matching engine that can handle 2.6 million orders per second, which is among the fastest of all cryptocurrency exchanges, including Binance. The company’s backend system was written in C/C++ instead of the more prevalent but slower scripting languages like NodeJS or PHP. According to Mr. Wang, their proprietary technology is not based on LMAX, which may have ... The quote goes as "If you look at historical patterns you are probably looking at new highs at least for bitcoin in the $50,000-100,000... Da der Wert als ein Hundertmillionstel BTC zu jedem Zeitpunkt an Bitcoin gebunden ist, ist ausschließlich der Bitcoin Kurs von Bedeutung. Wenn Sie zum Beispiel auf das Währungspaar BTC/USD blicken, dann ist 1 BTC derzeit 3.969,97 $ wert. Entsprechend kommen wir auf einen Satoshi-Wert 0,00003970. Sie teilen den Bitcoin-Betrag lediglich mit 100.000.000. Eine Veränderung des Wertes passiert ...
[index]          
Add me on Snapchat: mr_kristof Find me on Instagram: mr_kristof Add me on Twitter: mr_kristof007 Add me on Xbox Live: VoxiKnight DISCLAIMER: THIS IS NOT FINANCIAL ADVICE AND I AM NOT A FINANCIAL ... 09:25 Binance & the Tether Cartel 11:54 Binance is Not Reducing Tether USDT Holdings 13:02 You Can't BS A BS'r: Binance Will Fail 13:48 Stop Using Binance! 14:12 Outro 📺Watch These Videos Again📺 Bitcoin Manipulación y criptomonedas, hoy les traigo 3 razones con pruebas para demostrarle por qué Bitcoin nunca ha sido manipulado, les hablaré con pruebas y desmontaremos los mitos, de ... This Line Is Critical For Bitcoin + Binance Scandal Altcoin Daily. Loading... Unsubscribe from Altcoin Daily? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 161K. Loading ... Binance Hack Interview w/ Mr. & Mrs. John McAfee to learn what CZ and McAfee spoke on the day after Binance's hack. How he will help, what the McAfees are doing in the space and more. Binance Coin Technical Analysis 6:30 PIVX Chart 7:22 KMD Chart 10:00 BNB Analysis *** Please leave comments for questions you have - I respond after every video! *** --- JOIN THE MONEY TEAM --- #1 ... Binance In China, Bitcoin Fund Green Light, Happy-Ish Birthday Bitcoin & SBI + XRP Support The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working ... Eu nunca tinha investido em bitcoin. Por mais que achasse interessante o universo das criptomoedas, nunca tinha investido o meu dinheiro em uma. Mas isso mud... Add me on Snapchat: mr_kristof Find me on Instagram: mr_kristof Add me on Twitter: mr_kristof007 Add me on Xbox Live: VoxiKnight DISCLAIMER: THIS IS NOT FINANCIAL ADVICE AND I AM NOT A FINANCIAL ... Cardano(ADA) Banned from Wiki? Bitcoin to $350k? Binance to issue Debit Card ----- My other channels and subscribe! https://www.youtube.com/cha...