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While crypto firms have struggled to access banking services in the country, a wide-ranging FCA report on debanking follows allegations from broadcaster Nigel Farage that his bank account was shuttered due to his political views.

Binance.US, the U.S. affiliate of crypto exchange Binance, has recently slashed its employee headcount with its president and CEO Brian Shroder also resigning from the firm.

Ripple has shifted its focus abroad due to the regulatory issues with the US SEC.

Indian crypto exchanges like CoinSwitch and CoinDCX have been struggling to maintain headcount amid bear market and TDS.

The Central Bank of Brazil reveals the official brand name of the upcoming government-backed “digital real” – DREX. What Does DREX Stand For? On Monday, August 7, the Central Bank of Brazil broadcasted a live conversation on the topic “What will change for me with the Digital Real?” on the institution’s official YouTube account. Fábio Araújo, coordinator of the digital real, Aristides Cavalcante, deputy head of the Central Bank's technology and information department, and Gustavo Igreja, communications specialist at the Central Bank of Brazil, discussed the main features of the anticipated CBDC (central bank digital currency). As it was revealed during the broadcast, the official name of the digital real will be the acronym “DREX”. “DREX combines several elements of innovation: the D for digital, R for real, E for electronic, and X for transaction, taking a step further in this family of Pix that we created and was a success,” Araújo explained. * Pix is the instant payment system developed by the Central Bank of Brazil and widely used across the country. Pix is a way to transfer money from one account to another instantly and free of charge by using a QR code or an ID such as phone number, email, or CPF (the taxpayer registry number) via any bank’s application. The Meaning Behind DREX’ Logo The official logo of DREX also represents the evolution of Brazil’s currency in the digital environment: “Alluding to a transaction, the two arrows that lean into the 'D' relate to the evolution of the real to the digital environment, reinforcing the attribute of agility, and the use of colors, in a transition from blue to light green, conveys the message of 'transaction completed,'” the Central Bank of Brazil stated. How Will the Digital Real Work? The authorized entities will mint the digital real with the help of a similar-to-blockchain distributed ledger technology. DREX will support the trading of public treasury bonds, transactions backed by Web3 infrastructure for token burning, creation, and registration. Thus, the tokenized real will be the representation of the digital real and will be managed exclusively by authorized financial institutions. The Central Bank of Brazil claimed that DREX will make the life of Brazilians easier. “The solution, previously referred to as the Digital Real, will provide citizens and entrepreneurs with a safe and regulated environment for the creation of new businesses and a more democratic access to the benefits of the economic digitization”, highlighted the agency. Apparently, the Brazilian CBDC project has been in works since at least the beginning of this year. The Central Bank of Brazil plans to start the digital real pilot testing in September 2023. However, DREX is expected to be widely available to the population no earlier than the end of 2024. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The Central Bank of Brazil reveals the official brand name of the upcoming government-backed “digital real” – DREX. What Does DREX Stand For? On Monday, August 7, the Central Bank of Brazil broadcasted a live conversation on the topic “What will change for me with the Digital Real?” on the institution’s official YouTube account. Fábio Araújo, coordinator of the digital real, Aristides Cavalcante, deputy head of the Central Bank's technology and information department, and Gustavo Igreja, communications specialist at the Central Bank of Brazil, discussed the main features of the anticipated CBDC (central bank digital currency). As it was revealed during the broadcast, the official name of the digital real will be the acronym “DREX”. “DREX combines several elements of innovation: the D for digital, R for real, E for electronic, and X for transaction, taking a step further in this family of Pix that we created and was a success,” Araújo explained. * Pix is the instant payment system developed by the Central Bank of Brazil and widely used across the country. Pix is a way to transfer money from one account to another instantly and free of charge by using a QR code or an ID such as phone number, email, or CPF (the taxpayer registry number) via any bank’s application. The Meaning Behind DREX’ Logo The official logo of DREX also represents the evolution of Brazil’s currency in the digital environment: “Alluding to a transaction, the two arrows that lean into the 'D' relate to the evolution of the real to the digital environment, reinforcing the attribute of agility, and the use of colors, in a transition from blue to light green, conveys the message of 'transaction completed,'” the Central Bank of Brazil stated. How Will the Digital Real Work? The authorized entities will mint the digital real with the help of a similar-to-blockchain distributed ledger technology. DREX will support the trading of public treasury bonds, transactions backed by Web3 infrastructure for token burning, creation, and registration. Thus, the tokenized real will be the representation of the digital real and will be managed exclusively by authorized financial institutions. The Central Bank of Brazil claimed that DREX will make the life of Brazilians easier. “The solution, previously referred to as the Digital Real, will provide citizens and entrepreneurs with a safe and regulated environment for the creation of new businesses and a more democratic access to the benefits of the economic digitization”, highlighted the agency. Apparently, the Brazilian CBDC project has been in works since at least the beginning of this year. The Central Bank of Brazil plans to start the digital real pilot testing in September 2023. However, DREX is expected to be widely available to the population no earlier than the end of 2024. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

London, United Kingdom, August 7th, 2023, ChainwireChancer, one of the most exciting new crypto projects in 2023, has raced past the significant $1 million fundraising milestone. This coincides with the announcement that their first exchange listing will take place on BitMart – a hugely popular exchange with users in over 180 countries with a trading volume of over $500 million per day.Those interesting in getting involved at the current price can do so at $0.011 before it rises by 9% to $0.012 in Stage 3 of the presale.Chancer’s CEO, Adam Kelbie, commented: “We're thrilled to see our trajectory accelerating with each passing day. The support from our community fuels our enthusiasm to dive deeper into the development of our beta platform. We're actively pursuing various exchange partnerships and keeping a close eye on the performance of similar projects. BitMart is just the initial step on this promising journey for Chancer!”Chancer tokens are available to buy on the official website.Chancer: a disruptive force reshaping the traditional betting industryChancer is gaining an impressive following off the back of a simple but powerful premise, “Your Game, Your Rules, Your Odds.”Their product removes the potential for manipulation by a centralized betting house or bookmaker, and puts the power back into the hands of the bettors.The concept is simple; anyone can set up a bet on anything they want using the Chancer platform, set the odds they want, and other people can choose to bet against them via a live broadcast.From the small-time wagers with friends on who can hit bullseye 3 times in a row, to betting thousands of people worldwide on the Super Bowl outcome with your own odds – as long as there is a way to verify the outcome, then there can be a betting market on Chancer.All bets are made and paid out in CHANCER tokens, which gives the coin utility as it is the lifeblood of the entire platform.Chancer is also CertiK audited, the leading blockchain auditor that has reviewed other leading projects in the space including The Sandbox, Floki, and Blockchain Bets.What’s driving Chancer forwardsChancer offers its users multiple ways to potentially earn, through betting, market-making rewards, staking, and the innovative Share2Earn scheme. With a unique setup where betting engagement directly influences rewards, Chancer has quickly piqued the interest of the social-centric crypto world.Founders, Adam and Paul Kelbie, are active participants in shaping Chancer's lively community. They consistently engage with members on multiple platforms and take part in Chancer's various wagers between each other and directly with community members.With the online gambling industry estimated at $64 billion in 2022, Chancer's potential to cause a significant shift is enticing crypto investors. By delivering on its plan, Chancer could pose a challenge to industry heavyweights such as Playtech and Bet 365.To continue gaining traction and attracting new users, Chancer is currently hosting giveaways, including $100,000 in tokens and a $25,000 Las Vegas trip. As a testament to its fun-loving ethos and commitment to its community, anyone holding CHANCER tokens can participate via Gleam.About ChancerChancer is set to develop the world’s first decentralized social predictive markets platform. This will allow Chancer token holders to create, and participate in their very own predictive markets based on their interests, expertise and social opportunities.The project intends to disrupt the global gambling and betting market by ‘removing the house’ and taking a slice of the market share as it garners attention by challenging the traditional bookmaking and betting business model.For more information: Website | Whitepaper | SocialsContactCEOAdam [email protected]

London, United Kingdom, August 7th, 2023, ChainwireChancer, one of the most exciting new crypto projects in 2023, has raced past the significant $1 million fundraising milestone. This coincides with the announcement that their first exchange listing will take place on BitMart – a hugely popular exchange with users in over 180 countries with a trading volume of over $500 million per day.Those interesting in getting involved at the current price can do so at $0.011 before it rises by 9% to $0.012 in Stage 3 of the presale.Chancer’s CEO, Adam Kelbie, commented: “We're thrilled to see our trajectory accelerating with each passing day. The support from our community fuels our enthusiasm to dive deeper into the development of our beta platform. We're actively pursuing various exchange partnerships and keeping a close eye on the performance of similar projects. BitMart is just the initial step on this promising journey for Chancer!”Chancer tokens are available to buy on the official website.Chancer: a disruptive force reshaping the traditional betting industryChancer is gaining an impressive following off the back of a simple but powerful premise, “Your Game, Your Rules, Your Odds.”Their product removes the potential for manipulation by a centralized betting house or bookmaker, and puts the power back into the hands of the bettors.The concept is simple; anyone can set up a bet on anything they want using the Chancer platform, set the odds they want, and other people can choose to bet against them via a live broadcast.From the small-time wagers with friends on who can hit bullseye 3 times in a row, to betting thousands of people worldwide on the Super Bowl outcome with your own odds – as long as there is a way to verify the outcome, then there can be a betting market on Chancer.All bets are made and paid out in CHANCER tokens, which gives the coin utility as it is the lifeblood of the entire platform.Chancer is also CertiK audited, the leading blockchain auditor that has reviewed other leading projects in the space including The Sandbox, Floki, and Blockchain Bets.What’s driving Chancer forwardsChancer offers its users multiple ways to potentially earn, through betting, market-making rewards, staking, and the innovative Share2Earn scheme. With a unique setup where betting engagement directly influences rewards, Chancer has quickly piqued the interest of the social-centric crypto world.Founders, Adam and Paul Kelbie, are active participants in shaping Chancer's lively community. They consistently engage with members on multiple platforms and take part in Chancer's various wagers between each other and directly with community members.With the online gambling industry estimated at $64 billion in 2022, Chancer's potential to cause a significant shift is enticing crypto investors. By delivering on its plan, Chancer could pose a challenge to industry heavyweights such as Playtech and Bet 365.To continue gaining traction and attracting new users, Chancer is currently hosting giveaways, including $100,000 in tokens and a $25,000 Las Vegas trip. As a testament to its fun-loving ethos and commitment to its community, anyone holding CHANCER tokens can participate via Gleam.About ChancerChancer is set to develop the world’s first decentralized social predictive markets platform. This will allow Chancer token holders to create, and participate in their very own predictive markets based on their interests, expertise and social opportunities.The project intends to disrupt the global gambling and betting market by ‘removing the house’ and taking a slice of the market share as it garners attention by challenging the traditional bookmaking and betting business model.For more information: Website | Whitepaper | SocialsContactCEOAdam [email protected]

Singapore, Singapore, August 1st, 2023, ChainwireLaunchpad delivers 142.4% ROI YTD thanks to carefully curated selection of AI projectsLeading IDO launchpad, Enjinstarter, announced today that its stable of AI-powered Web3 projects has earned investors an average ROI of 142.4% YTD in 2023. This puts Enjinstarter firmly in the top 3 of IDO providers worldwide, according to industry-leading ranking service, CryptoRank.Continued success in Q2 comes on the back of a successful Q1 in which Enjinstarter was ranked by TokenHunter as the top-performing IDO launchpad with an average ROI of 538.49%.“Our number one goal is to deliver maximum value to our IDO participants. We conduct an exhaustive study of every launchpad applicant to bring our token holders a carefully curated selection of projects set to revolutionize the industry,” said Prakash Somosundram, co-founder and CEO of Enjinstarter. “At the beginning of the year, our team correctly identified the growing trend towards generative AI and was quick to adapt. Our overall success this year can be attributed to our team’s ability to find the best among a proliferation of AI-powered Web3 projects.”2023 has been the year of AI. The continued evolution of OpenAI’s GPT algorithm has led to a proliferation of generative AI-powered apps. Of the 13 IDOs conducted by Enjinstarter so far this year, 8 leverage the power of AI:ChainGPT - Infrastructure enabling the future of Web3 innovation with AIOrbofi AI - Advanced platform for creating AI-generated content and fine-tuned AI models.Eldarune - AI-powered RPG with PvE and PvP modesCogito Protocol - A decentralized and AI-driven tracercoin called GCOINKAIF Platform - AI-powered decentralized society (DeSoc) platform.HyperGPT - A Web3-based AI marketplaceDexCheck - AI-boosted analytics for crypto and NFT tradingSophiaVerse - An advanced artificial general intelligence initiative revolutionizing the world of AI and gamingThe top performing IDO launched through Enjinstarter in 2023 is ChainGPT with an ROI of 704% at the time of writing. SophiaVerse is a close second at 602%. Data provided by CryptoRank.Building on the success of its IDO launchpad, Enjinstarter plans to build two additional launchpads. The first is an INO platform to connect utility-driven NFT projects with investors. The second is a platform specifically designed for Web3 climate startups to raise funds from impact investors.Looking ahead, Enjinstarter has 5 IDO projects in the pipeline: SeaPad, Kvants AI, Boss Fighters, AITECH, and Backstage. It is also planning the release of an expansive storytelling AI NFT game based on an advanced earth concept where factions are embarking on quests and battles throughout the Enjinstarter ecosystem to gather resources and earn rewards.To date, the company has helped launch over 80 Web3 projects and platforms since its inception in 2021.For further media enquiries, please contact:[email protected] EnjinstarterLaunched in 2021, Enjinstarter is a next-generation ecosystem and launchpad for promising Web3 gaming, entertainment and metaverse projects. They have supported 70 companies sinceinception. They have a collective community of more than 200,000 across various social platforms and manage localised communities in South East Asia, India, Turkey and Spain. They have also launched dedicated market-launchers for North America and Indonesia.Enjinstarter also has a fast growing Web3 Innovation Consulting practice that works with brands, large corporates and Web2 companies looking to develop a Web3 strategy. Clients that they have supported include Hatten Land and GCEX. Enjinstarter is also a member of the Open Metaverse Alliance.Enjinstarter raised US$5 million in their Series A round from True Global Ventures 4 Plus, an equity venture capital firm that invests in serial tech entrepreneurs globally. The company has also received initial approval from Dubai’s Virtual Assets Regulatory Authority, indicating progress in obtaining full permission to operate within Dubai.Get connected with Enjinstarter:https://linktr.ee/enjinstarterContactSocial Media LeadChris Sylvester [email protected]

More developments in the FTX saga, where the former CEO of the now-defunct crypto exchange has come under fire for conducting an interview with the New York Times, which prosecutors have claimed amounts to witness tampering. He has been put under a gag order which prevents him from discussing the case publicly. Let’s find out more. Bitcoin Democratic presidential candidate Robert F. Kennedy Jr. confirmed his recent purchase of a significant amount of Bitcoin earlier this year. Wednesday’s announcement of the widely expected 25 basis point rise in the interest rate led to a higher move in cryptocurrencies. A team of Bitcoin developers and enthusiasts have introduced the "Frostsnap" method to provide multisig wallets with a range of new capabilities. DeFi The Bank of Italy's Milano Hub innovation center will support a project spearheaded by Cetif Advisory that aims to develop a security token ecosystem for institutional DeFi. DeFi protocol Parrot Finance will begin implementing an activist investor-led plan to phase out the platform’s PRT token, with redemptions set to begin as early as Monday. Altcoins An obscure altcoin called the X token has surged by over 1000% following Elon Musk’s announcement that Twitter is rebranding itself to X.com. Technology Bridge Protocol LayerZero has revealed that it has achieved a significant landmark, crossing 50 million cross-chain messages. Archax, a leading global digital asset exchange, broker, and custodian, has unveiled its latest offering: a crypto exchange designed specifically for institutional investors. Avalanche Foundation has earmarked a whopping $50M to acquire assets that are tokenized on its blockchain. The highly controversial Arkham Intel Exchange has approved its first-ever bounty hunt, with crypto sleuths set to go after crypto wallets belonging to Terra co-founder Do Kwon. Business Venture capital firm, Sequoia Capital, has cut its cryptocurrency fund by over 65% from $585 million to $200 million. Bankrupt crypto lender Celsius Network has reached two crucial settlements to end its bankruptcy proceedings and clear a path for the return of customer assets. Flashbots, an Ethereum software infrastructure provider, has raised $60 million from venture capitalists and other prominent players from the blockchain ecosystem. Cryptocurrency exchange KuCoin has responded to recent rumors about mass layoffs within the company, clarifying that the adjustments to its headcount are part of routine organizational development. Deloitte and Chainalysis have joined forces in a strategic alliance to tackle compliance challenges within the digital asset ecosystem. BlackRock and India’s Jio Financial Services will soon enter a joint venture to launch a “digital-first offering” in India. Crypto derivatives and copy trading platform Bitget announced the listing of its native token BGB on the renowned cryptocurrency exchange MEXC. Regulation The South Korean Financial Services Commission's (FSC) decision to seize Delio’s assets cast doubts over its future operations. In a recent statement, the SEC claimed that the recent Ripple ruling was incorrect while disclosing that it has already decided and is currently moving in to post an appeal. The United States Federal Reserve has officially launched its new instant payment system, dubbed FedNow, to modernize and streamline the United States’ payment system. FTX founder Sam Bankman-Fried has agreed to a gag order that prevents him from publicly discussing his case after prosecutors alleged he was discrediting their witness, Caroline Ellison. Changpeng Zhao and other defendants associated with the Binance crypto exchange plan to appeal to the court to dismiss a lawsuit from the CFTC. Worldcoin, the high-tech cryptocurrency initiative supported by Sam Altman, might soon be under the scrutiny of data protection regulators in the UK. The Republic of Namibia pivots on its crypto stance by introducing a law regulating the digital asset industry, ending the country’s total ban on cryptocurrencies. Block.one, a significant investor in the blockchain industry, is now under fire from the EOS Network Foundation (ENF) for purportedly defaulting on its $1 billion investment commitment. Blockchain security firm Quantstamp is under scrutiny from the SEC for conducting an unregistered initial coin offering (ICO) in 2017. The United States House Financial Services Committee passed two crucial bills that could pave the way for regulatory clarity. The SEC has intensified its oversight of financial institutions that use AI and predictive algorithms. Democrat Congressman Brad Sherman said on Wednesday during a key congressional committee that only the US government has the right to print money out of thin air. The United States Senate has passed an $886 billion military spending bill with strict anti-money laundering provisions for cryptocurrency. In a letter addressed to the SEC, Grayscale Investments has appealed for the equal treatment of all spot Bitcoin ETFs. Singapore-based crypto exchange Crypto.com announced it obtained registration with the central bank of the Netherlands, De Nederlandsche Bank (DNB). The Supreme Court of India came down heavily on the central government, expressing displeasure over the lack of a clear law or regulations regarding cryptocurrencies. NFT NFT art gallery Bright Moments held its live minting event at the Gotham store, one of New York City's "luxury" cannabis dispensaries. CyberKongz partners with Axie Infinity’s creator Sky Mavis to migrate its existing Play and Kollect NFT game and mint the new Genkai NFT collection on the Ronin chain. Web3 CEO Mark Zuckerberg remains hopeful about the company’s metaverse prospects despite sinking $3.7 billion in operating losses in the second quarter of this year. Japan is set to embrace Web3 technology with the backing of major companies like Fujitsu and Mitsubishi, going beyond just entertainment and gaming. The Binance crypto exchange platform is set to start operations for Japanese customers, according to an announcement from CEO Changpeng Zhao. Security Crypto payments platform CoinsPaid believes North Korean Lazarus Group was behind the hack that saw $37 million stolen from the platform. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

While industry giants like Binance hire and lay off thousands of people, other crypto heavy-weights like Tether currently only have 60 employees.

The ongoing workforce reduction is reportedly global, with customer-service workers heavily affected.

Gemini will be increasing its headcount in Singapore as part of their APAC expansion.

The company said it has multiple years of runway ahead, despite the need to now reduce expenses.

Chinese broadcasters are starting to cover crypto, and CZ is bullish about it.

CoinMarketCap is all set to release the world's first globally broadcasted Web3 television show.

The protocol’s service providers have let go of two front-end engineers as they focus on overhauling the platform’s brand.

The new funds will be used to increase headcount and expand the company’s presence in the Asia-Pacific region.

The two partners say using zero-knowledge proofs will allow Bitcoin nodes to sync quickly from anywhere on earth, “even without Internet.”

Grenada recalled all diplomats after the June 2022 election, when the party that granted Sun's title was ousted from power, the Grenada Broadcasting Network reported.

Gizer is a blockchain project that will disrupt and conquer the eSports market. The Gizer Erc20 token was developed on the Ethereum blockchain. GZR creates seamless integration across multiple gaming platforms, allowing gamers to use their tokens to unlock their Global Gaming Identity and best leverage the Gizer platform (available on iOS and android) The GG ID is essentially a profile created on the Gizer platform that can be accessed by game developers who adopt the GZR technology. The Gizer platform Has the following features : •Ability to create and host events: Gamers can use a mobile device to create a tournament in 60 seconds. •Chat with existing contacts on the Gizer Network instantly. •Message friends and foes directly on the app and in a group setting. •Find other compatible players to create a team. •Quickly join online and LAN tournaments through the mobile app. •Broadcast skills and services to the Gizer Network. •Join a tournament bracket instantly as an individual or as part of a team. •Find businesses that are willing to promote you or your team. •Win Gizer’s in-app currency in tournaments to purchase goods or cash out. Gizer is the 1st network , creating sustainable economies built around the real-time connections made on the platform. To learn more about Gizer, and the upcoming GZR token sale: http://Tokensale.gizer.io Disclaimer this article does not constitute as investment advice or recommend any participating in any crowd sales or Initial coin offerings and is for informational purposes only. Disclosures The author is on the advisory board of the Gizer (TGE)

Gizer is a blockchain project that will disrupt and conquer the eSports market. The Gizer Erc20 token was developed on the Ethereum blockchain. GZR creates seamless integration across multiple gaming platforms, allowing gamers to use their tokens to unlock their Global Gaming Identity and best leverage the Gizer platform (available on iOS and android) The GG ID is essentially a profile created on the Gizer platform that can be accessed by game developers who adopt the GZR technology. The Gizer platform Has the following features : •Ability to create and host events: Gamers can use a mobile device to create a tournament in 60 seconds. •Chat with existing contacts on the Gizer Network instantly. •Message friends and foes directly on the app and in a group setting. •Find other compatible players to create a team. •Quickly join online and LAN tournaments through the mobile app. •Broadcast skills and services to the Gizer Network. •Join a tournament bracket instantly as an individual or as part of a team. •Find businesses that are willing to promote you or your team. •Win Gizer’s in-app currency in tournaments to purchase goods or cash out. Gizer is the 1st network , creating sustainable economies built around the real-time connections made on the platform. To learn more about Gizer, and the upcoming GZR token sale: http://Tokensale.gizer.io Disclaimer this article does not constitute as investment advice or recommend any participating in any crowd sales or Initial coin offerings and is for informational purposes only. Disclosures The author is on the advisory board of the Gizer (TGE)

If you have invested in Bitcoins, you are likely to be keeping a close eye on the price. But, just what have the experts predicted for Bitcoin for the coming year, and overall long term? For the most part, experts are predicting big things for Bitcoin. Many believe that we are not even close to hitting the tip of the iceberg, and that great things are set to happen. So, are there any predicted troughs along the way? Read on to find out what the experts think. The Good: The majority of experts have predicted great things for Bitcoin. Anyone in the industry will agree that masterluc is something of a legend in the Bitcoin community, so when he has predicted that Bitcoin will reach $15,000 by the end of this year, people are listening. He has gained this reputation as being a Bitcoin oracle, after he called the top of the Bitcoin bubble in November 2013. He has since predicted that not only will Bitcoin reach $15,000 before the year is out, but it will also reach between $40,000-$110,000 by the end of the bull run – something that he feels will be by the end of 2019. Ronnie Moas, the founder of Standpoint Research has mirrored masterluc’s prediction of success. Although, he looks further into the future, noting that despite Bitcoin being more than three times more valuable than gold, we are only at the very tip of the iceberg, and predicts the prices to soar to $15,000-$20,000 in the next three years. Kay Van-Petersen, a Saxo Bank analyst predicts that the market capitalisation of Bitcoin could grow to $1.75 trillion, making each Bitcoin worth $100,000. Although this is longer term than other experts, as he is looking across a ten-year period, he has made successful predictions before. He is assuming that all cryptocurrencies will account for 10% of the ADV of fiat currency trade in 10 years, and this currently stands at over $5trillion. Ten percent of this is $500 billion, and he has predicted that Bitcoin will account for 35% of this share, which would bring Bitcoin total up to $175billion. So, when you consider that there will be approximately 17 million Bitcoin’s in circulation in ten years’ time, each Bitcoin will be worth over $100,000. He is very quick to add that he feels that Bitcoin is here to stay, stating, “This is not a fad, cryptocurrencies are here to stay”. Other experts, such as Alena Vranova and Vinny Linghm echo this, agreeing that the price of Bitcoin is set to rise. Vranova believe that the price could rise quicker than expected if more countries begin to legalise it. Linghm agrees with this statement, and suggests that there are three main reasons that the price will rise. These are; the rising venture capital investments in blockchain technology, a huge number of Bitcoin acceptance and finally, the limited supply of Bitcoin. He has also made a statement saying that he has a “strong belief” in Bitcoin, and does not consider Ethereum to be the biggest competitor. The Bad: Unfortunately, not all experts are predicting big things for Bitcoin, and some have predicted pit falls that the cryptocurrency could fall into. Obviously, Bitcoin suffered a small set back when China banned cryptocurrency, and although it quickly recovered, other milestones like this could have a negative impact on the currency as a whole. Thomas Glucksmann, who is head of APAC business development ultimately believes that in a year, the price of Bitcoin is likely to have increased; however, he has warned investors that they should get themselves ready for volatility in November. He believes the cause of this will be because some investors in the Bitcoin community might move to reject SegWit2X, which could create another split in Bitcoin, and potentially create another cryptocurrency, thus affecting the current price of Bitcoin. Alena Vranova, has predicted another possible outcome for Bitcoin, and unfortunately, it does not fare as well as the previous one. Vranova predicted that if there is any negativity within Bitcoin, such as volatility or restricted legislation, the price might crash to just $50 per Bitcoin. Obviously, this is a huge difference to earlier predictions, but goes to show how majorly something can affect the cryptocurrency. The Ugly: Finally, it is important to recognise that not everyone sees Bitcoin being as successful as others do. Mark Cuban; founder of MicroSolutions and Broadcast.com has recently attacked Bitcoin on Twitter, making claims that it is not a currency, merely a bubble. His Tweets included; “I think it’s in a bubble. I just don’t know how much it corrects. When everyone is bragging about how east they are making $=bubble”. His main complaint comes with the fact that it is not Bitcoin that is successful, rather the blockchain that surrounds it. He backs up his opinion further by stating that currencies have to be stable in order to be reliable, which he does not believe Bitcoin to be, saying; “Just because Bitcoin’s exchange rate has reached thousands of dollars, this doesn’t mean that anyone would be willing to give you thousands of dollars for your Bitcoin.”. Peter Schiff, who is an investor who predicted the 2008 mortgage crisis, mirrors the opinion of Cuban, and has likened Bitcoin and other cryptocurrencies as a Ponzi scheme that has been built on “just plain greed”. He also feels that there is simply no way to predict what will happen to Bitcoin in the future as it is just so volatile. Finally, Tony Robbins closely follows Bitcoin, but is not completely sold at all, comparing an investment in the popular cryptocurrency to a trip to Vegas. He says, “I think [Bitcoin] is very iffy…I don’t have a clue. I look at that as it’s like going to Vegas”. He agrees that whilst some investments could make you a lot of money, they simply are not predictable or steady, advising investors to only invest what they can afford to lose. References And Further Reading: Express; Bitcoin price forecast: Bitcoin will recover from China crackdown, predicts experts Futurism; Expert Predicts Bitcoin Will Be Worth Up To $20,000 in the Next Three Years Futurism; Get Ready. Renowned Bitcoin Trader Says The Currency Will Hit $15,000 in 2017 Futurism; Mark Cuban Asserts That Bitcoin Is Not Currency The CoinTelegraph; Legendary Bitcoin Trader “masterluc” Predicts $15,000 Bitcoin This Year CNBC; Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price CNBC; Bitcoin could be heading to $6,000 by year-end but brace for volatility, experts say CNBC; Tony Robbins says investing in Bitcoin is ‘like going to Vegas’ Steemit Bitcoin; Bitcoin price predictions from Experts Bitcoinist; How far will Bitcoin go in 2017? Experts weigh in with predictions

If you have invested in Bitcoins, you are likely to be keeping a close eye on the price. But, just what have the experts predicted for Bitcoin for the coming year, and overall long term? For the most part, experts are predicting big things for Bitcoin. Many believe that we are not even close to hitting the tip of the iceberg, and that great things are set to happen. So, are there any predicted troughs along the way? Read on to find out what the experts think. The Good: The majority of experts have predicted great things for Bitcoin. Anyone in the industry will agree that masterluc is something of a legend in the Bitcoin community, so when he has predicted that Bitcoin will reach $15,000 by the end of this year, people are listening. He has gained this reputation as being a Bitcoin oracle, after he called the top of the Bitcoin bubble in November 2013. He has since predicted that not only will Bitcoin reach $15,000 before the year is out, but it will also reach between $40,000-$110,000 by the end of the bull run – something that he feels will be by the end of 2019. Ronnie Moas, the founder of Standpoint Research has mirrored masterluc’s prediction of success. Although, he looks further into the future, noting that despite Bitcoin being more than three times more valuable than gold, we are only at the very tip of the iceberg, and predicts the prices to soar to $15,000-$20,000 in the next three years. Kay Van-Petersen, a Saxo Bank analyst predicts that the market capitalisation of Bitcoin could grow to $1.75 trillion, making each Bitcoin worth $100,000. Although this is longer term than other experts, as he is looking across a ten-year period, he has made successful predictions before. He is assuming that all cryptocurrencies will account for 10% of the ADV of fiat currency trade in 10 years, and this currently stands at over $5trillion. Ten percent of this is $500 billion, and he has predicted that Bitcoin will account for 35% of this share, which would bring Bitcoin total up to $175billion. So, when you consider that there will be approximately 17 million Bitcoin’s in circulation in ten years’ time, each Bitcoin will be worth over $100,000. He is very quick to add that he feels that Bitcoin is here to stay, stating, “This is not a fad, cryptocurrencies are here to stay”. Other experts, such as Alena Vranova and Vinny Linghm echo this, agreeing that the price of Bitcoin is set to rise. Vranova believe that the price could rise quicker than expected if more countries begin to legalise it. Linghm agrees with this statement, and suggests that there are three main reasons that the price will rise. These are; the rising venture capital investments in blockchain technology, a huge number of Bitcoin acceptance and finally, the limited supply of Bitcoin. He has also made a statement saying that he has a “strong belief” in Bitcoin, and does not consider Ethereum to be the biggest competitor. The Bad: Unfortunately, not all experts are predicting big things for Bitcoin, and some have predicted pit falls that the cryptocurrency could fall into. Obviously, Bitcoin suffered a small set back when China banned cryptocurrency, and although it quickly recovered, other milestones like this could have a negative impact on the currency as a whole. Thomas Glucksmann, who is head of APAC business development ultimately believes that in a year, the price of Bitcoin is likely to have increased; however, he has warned investors that they should get themselves ready for volatility in November. He believes the cause of this will be because some investors in the Bitcoin community might move to reject SegWit2X, which could create another split in Bitcoin, and potentially create another cryptocurrency, thus affecting the current price of Bitcoin. Alena Vranova, has predicted another possible outcome for Bitcoin, and unfortunately, it does not fare as well as the previous one. Vranova predicted that if there is any negativity within Bitcoin, such as volatility or restricted legislation, the price might crash to just $50 per Bitcoin. Obviously, this is a huge difference to earlier predictions, but goes to show how majorly something can affect the cryptocurrency. The Ugly: Finally, it is important to recognise that not everyone sees Bitcoin being as successful as others do. Mark Cuban; founder of MicroSolutions and Broadcast.com has recently attacked Bitcoin on Twitter, making claims that it is not a currency, merely a bubble. His Tweets included; “I think it’s in a bubble. I just don’t know how much it corrects. When everyone is bragging about how east they are making $=bubble”. His main complaint comes with the fact that it is not Bitcoin that is successful, rather the blockchain that surrounds it. He backs up his opinion further by stating that currencies have to be stable in order to be reliable, which he does not believe Bitcoin to be, saying; “Just because Bitcoin’s exchange rate has reached thousands of dollars, this doesn’t mean that anyone would be willing to give you thousands of dollars for your Bitcoin.”. Peter Schiff, who is an investor who predicted the 2008 mortgage crisis, mirrors the opinion of Cuban, and has likened Bitcoin and other cryptocurrencies as a Ponzi scheme that has been built on “just plain greed”. He also feels that there is simply no way to predict what will happen to Bitcoin in the future as it is just so volatile. Finally, Tony Robbins closely follows Bitcoin, but is not completely sold at all, comparing an investment in the popular cryptocurrency to a trip to Vegas. He says, “I think [Bitcoin] is very iffy…I don’t have a clue. I look at that as it’s like going to Vegas”. He agrees that whilst some investments could make you a lot of money, they simply are not predictable or steady, advising investors to only invest what they can afford to lose. References And Further Reading: Express; Bitcoin price forecast: Bitcoin will recover from China crackdown, predicts experts Futurism; Expert Predicts Bitcoin Will Be Worth Up To $20,000 in the Next Three Years Futurism; Get Ready. Renowned Bitcoin Trader Says The Currency Will Hit $15,000 in 2017 Futurism; Mark Cuban Asserts That Bitcoin Is Not Currency The CoinTelegraph; Legendary Bitcoin Trader “masterluc” Predicts $15,000 Bitcoin This Year CNBC; Bitcoin could hit $100,000 in 10 years, says the analyst who correctly called its $2,000 price CNBC; Bitcoin could be heading to $6,000 by year-end but brace for volatility, experts say CNBC; Tony Robbins says investing in Bitcoin is ‘like going to Vegas’ Steemit Bitcoin; Bitcoin price predictions from Experts Bitcoinist; How far will Bitcoin go in 2017? Experts weigh in with predictions